Asian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Asian Startups Funding Roundup.
Asian Startups Funding Roundup
Table of Contents
CapitaLand Investment
Singapore-based CapitaLand Investment Limited (CLI), a leading global real asset manager, has secured an S$261 million capital commitment from a new Japanese capital partner, Mitsui O.S.K. Lines, Ltd. (MOL), for its Southeast Asia (SEA) and India private funds.
Ampd Energy
Singapore-based Ampd Energy, a global energy industry innovator and manufacturer of the Entertainer and Ampd Silo™ battery energy storage systems (ESS) for heavy industries, has raised $27.3 million in oversubscribed Series B funding.
Easy Home Finance
A leading provider of affordable housing loans in India with in-house full-stack tech, Easy Home Finance has raised $35 Mn in its Series B funding round co-led by Claypond Capital, the investment office of Manipal Group’s Ranjan Pai, and Japanese banking giant Sumitomo Mitsui’s Asia Rising Fund.
Boldfit
Boldfit, a D2C finest fitness accessories and apparel brand, has raised an investment of INR 110 crore (about $13 million) from venture capital firm Bessemer Venture Partners.
Kardome
Israel-based Kardome has closed a $10 million Series A funding round led by Korea Investment Partners (KIP). Additional participants include Next Gear Ventures, KB Investment, Honeystone Ventures, J-Ventures, Hyundai Motor Group (HMG), Talar Corp., and Techstars.
The Hosteller
The Hosteller, India’s largest self-operated backpacker hostel chain, has secured INR 48 crore (around $5.7 Mn) in a funding round led by V3 Ventures in a mix of equity and debt. A debt of Rs 16 crore from the venture debt platform Blacksoil.
Nexstem
India-based Nexstem, which creates Brain-Computer Interface (BCI) solutions has secured USD 3.5 Million in its latest funding round.
Mush Social
Saudi Arabia-based social media platform, Mush Social has raised $1.2 million in funding in a pre-Seed round led by Nifal Consulting, with support from Nahr Al-Jazeera Holding, along with other angel investors.
30 Sundays
India-based Travel tech startup 30 Sundays has secured $770k funding in a pre-seed round led by Infoedge Ventures with participation from First Cheque, Eximius, Misfits, and other angel investors.
Warburg AI
UAE-based AI startup Warburg AI has raised $250,000 in funding in a seed round from undisclosed investors to fast-track the development of its AI-driven financial services platform
