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Asia Funding News of This Week 9 June – 14 June 2024

Weekly Funding Roundup 9 June to 14 June 2024– We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape.

Asian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Asian Startups Funding Roundup.

Top 10 Asian Startups Funding News 9 June to 14 June 2024

Funding Wrap of The Week | Asian Startups Funding Roundup | 9 June – 14 June

SCOPE

SCOPE, an invite-only networking platform for the startup ecosystem, has raised over $90 million in a capital round headed by Apricot Capital, based in Singapore, to strengthen its asset management division in the US.

Appalla Saikiran, a 20-year-old entrepreneur, launched the firm, which just got a licence to provide asset management services in the US.

Battery Smart

Battery Smart, an Indian electric vehicle battery-swapping network, raised $65 million in Series B funding led by LeapFrog Investments to grow in its native market.

The equity round included primary and secondary investments from new and current investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund (EIF), Blume Ventures, and British International Investment.

Sabine Hospital and Research Centre

Mid-market private equity firm CX Partners is leading a $50 million investment round for Sabine Hospital and Research Centre.

Brd, Singapore The hospital chain released a statement stating that Tanas Capital, a growth-stage private equity firm, is a member of the investor consortium.

Candi Solar

Candi Solar, a renewable energy startup that provides solar power solutions for C&I clients, announced a $38 million equity funding round. Candi said the round was led by Norfund, Kyuden International, and STOA, demonstrating their faith in its mission and expansion.

The $38 million equity capital investment will finance 200 MW of business solar projects and support strategic hiring to fuel the company’s rapid growth.

Indkal Technologies

Consumer electronics start-up Indkal Technologies Private Limited, based in Bengaluru, revealed  that it has secured $36 million at an undisclosed valuation in a fundraising round headed by Mauritius-based Aries Opportunities Fund.

According to a statement from the business, the newly raised funds will be utilised to support the infrastructure for product development of goods including air conditioners, televisions, washing machines, and refrigerators through a new R&D facility. 

Tenderd

Tenderd, a global pioneer in heavy equipment management and operations digital transformation, raised $30 million in Series A funding. A.P. Moller Holding, a $32 billion investment corporation and parent company of A.P. Moller-Maersk, led the financing.

Quadri Ventures and Stripe product leader Saurya Prakash invested. Wa’ed Ventures, Nakhla Ventures, SOMA Capital, and Liquid 2 Ventures re-invested, confirming their faith in Tenderd’s expansion.

Foxtale

The Singapore-based Panthera Growth Partners led the $18 million Series B investment round for the direct-to-consumer skincare firm Foxtale.

The company’s current investors, including Matrix Partners India and Kae Capital, participated in the round as well. The business, based in Mumbai, intends to utilise the money to launch new product categories and increase its online presence.

Stake

The largest digital platform for real estate investment, Stake, announced that it has raised $14 million in a Series A funding round led by Middle East Venture Partners. 

Over the previous three years, it has faced challenges in the Dubai real estate market, gaining over 500,000 members, and it is now focusing on Saudi Arabia.

Hocco

The promoter group Chona family and Sauce Ventures led the $12 million, or INR 100 crore, fundraising effort for the ice cream company Hocco.

The first capital infusion was valued at Rs 600 crore at the time of the transaction. Deal participants included angel investors Farhan Akhtar and Ritesh Sidhwani.

Matsuri

StayX supplier Matsuri Technologies, based in Tokyo, has successfully concluded its Series D investment round, generating about USD 8.5 million. Along with returning investors, new investors also participated in the round, including Vertex Ventures Southeast Asia and India.

A concept called StayX aims to transform single-use rooms into multipurpose areas. It plans to use the freshly earned funds to improve its software solutions in order to hasten its expansion.

Frequently asked questions (FAQs)

Name the Top 10 Asian Startups Funding Roundup in this week ?

SCOPE, Battery Smart, Sabine Hospital and Research Centre, Candi Solar, Indkal Technologies, Tenderd, Foxtale, Stake, Hocco, Matsuri,are the Top 10 Asian Startups Funding Roundup in This Week.

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