Here is this week’s edition of the Startup Monday Issue (Issue 39– 10 May 2021)

Sharing the following this week:

- India is rapidly closing the gap with China in minting new unicorns — privately held startups valued at $1 billion or more — highlighting growing investor appetite for tech startups in the country as the pandemic accelerates the adoption of digital services.

- Two Singapore-based startups founded by former Fave, Carousell, and food panda executives on Thursday separately announced a combined US$76 million in seed funding and debt to acquire e-commerce brands

- Israeli ag-tech startup Prospera snapped up by US firm Valmont for $300 million. Prospers is a maker of AI-based sensors and cameras helping farmers monitor crops was founded in 2014 and had raised $22 million from investors.

- Merkle Technologies is set to launch a revolutionary technology that will increase “interoperability” between existing blockchains such as Bitcoin, Ethereum and Binance Smart Chain.

- Arcturus, a company building tools for editing and distributing volumetric video, last week announced it has raised a $5 million seed investment.

For more startup news, head to our website.

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