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.
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HealthKart
India-based HealthKart, a trusted house of brands with MuscleBlaze and HK Vitals has secured $153 million in a secondary funding round led by private equity firm ChrysCapital and Motilal Oswal Alternates. Neo Group and Healthkart’s earlier backer, A91 Partners, also backed this round.
TailorMed
TailorMed, a leading innovator in healthcare technology, announced a $40 million financing round combining equity and debt.
Prompt Security
Israel-based Prompt Security, a leader in Generative AI (GenAI) Security, has secured $18 million in a Series A funding led by Jump Capital, with participation from Hetz Ventures (which doubled down on their initial investments), Ridge Ventures and major tech companies Okta and F5.
Spines
Israel-based Spines, which Revolutionizes Publishing with AI, has secured $16 million in funding in a Series A round led by Zeev Ventures.
Locad
Singapore–based Locad – a smart digital logistics engine empowering consumer brands with its Cloud Supply Chain-As-a-Service for global distribution – announces its $9 million Pre-Series B fundraising.
Portcast
Singapore-based a leading supply chain visibility provider, Portcast has raised US$6.5 million in funding in a Series A round led by Susquehanna Asia VC, with participation from new investors Hearst Ventures and Signal Ventures, alongside existing investors Wavemaker Partners, TMV, and Innoport.
Converge Bio
Converge Bio, a generative AI platform for accelerated drug discovery and development, has raised $5.5 million in seed funding, led by TLV Partners.
EdfaPay
EdfaPay, Saudi Arabia’s leading fintech platform, has secured a $5 million Pre-Series A funding round led by OmanTel Innovation Labs, with participation from Aljabr MENA and Waad Investment.
FertilAI
FertilAI has raised $4.5 million co-led by Longevity Venture Partners and Redseed with additional investment from angel investors.
ariika
ariika, a leading direct-to-consumer, digital-led home furnishing brand, announces the successful conclusion of its Series A extension equity round of $3 million, led by Beltone Venture Capital, a subsidiary of Beltone Financial Holding, and UAE-based investment group Citadel International Holdings.
Conclusion
From November 17 to 22, Asian startups received varied funding. From fintech to deep tech, the region remains robust and ready to attract more investors next week. This increase in funding is a testament to the continuing opportunities for startups in Asia. Next week, we will provide the Asian Startups Funding Roundup, highlighting Asia’s startup ecosystem.
frequently asked questions (FAQ)
Name the top 10 Asian Startups Funding Roundups for this week?
HealthKart, TailorMed, Prompt Security, Spines, Locad, Portcast, Converge Bio, EdfaPay, FertilAI, and ariika.
How much total funding did all startups secure this week?
These startups secure $260.5 Mn this week.
