Asian startups secure investment in different funding rounds from venture capital firms and angel investors to grow their businesses and scale up to be more successful in Asia and worldwide. Below are the top 10 Asian Startups Funding Roundups for this week.
Asian Startups Funding Roundup
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Cato Networks
Israeli cybersecurity company Cato Networks is close to raising $300 million—$150 million in new investment and $150 million from selling existing shares, according to The Information.
Sipay
Turkish fintech company Sipay has raised $78 million in Series B funding, valuing the company at $875 million. The round was led by Elephant VC from the U.S., with support from QuantumLight, a venture firm started by Revolut co-founder Nik Storonsky.
Juspay
Juspay, a global payments infrastructure company, has raised $60 million in Series D funding through a mix of new and existing investments. The round was led by Kedaara Capital, with support from Softbank and Accel.
Haball
Haball has raised US$52 million funding in a pre-series A round. This includes US$5 million in equity from Zayn VC and US$47 million in strategic financing from Meezan Bank, Pakistan’s largest Islamic bank. Haball is a supply chain financing and payments fintech based in Pakistan.
Groundcover
Groundcover, a startup that helps monitor apps, has raised $35 million in Series B funding, bringing its total to $60 million. The round was led by Zeev Ventures, with support from Heavybit, Jibe Venture and Angular Ventures.
Easebuzz
Pune-based digital payments platform Easebuzz has raised $30 million in Series A funding, led by Bessemer Venture Partners. The round included both primary and secondary investments, with participation from existing investors 8i Ventures and Varanium Capital.
Cinch
Cinch bags startup has raised US$28.8 million. Amount is a combination of debt and equity – in a round led by Monk’s Hill Ventures, co-founder and CEO Hamid.
Noise
Smartwatch and lifestyle brand Noise has raised $20 million from US-based audio company Bose Corporation. This is Noise’s second funding round. Bose had earlier invested $10 million in 2023, when Noise was valued at around $420 million. The company hasn’t revealed its current valuation.
AgroStar
Agritech startup AgroStar has raised $6.7 million in new funding led by Accel in India, along with support from existing investors like Aavishkaar India, Bertelsmann, Evolvence India, Chiratae Ventures, and Hero Enterprises.
Outzidr
Outzidr Indian D2C brand has raised 30 crore rupee (US$3.5 million) in seed funding.
Founding was led by Stellaris Venture Partners, with participation from eight angel investors, including Livspace co-founder Ramakant Sharma and Mamaearth co-founder Ghazal Alagh. The funds will be used to strengthen Outzidr’s business model.
frequently asked questions (FAQ)
Name the top 10 Asian Startups Funding Roundups for this week?
Cato Networks, Sipay, Juspay, Haball, Groundcover, Easebuzz, Cinch, Noise, AgroStar, Outzidr
