Asian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Asian Startups Funding Roundup.
The Top 10 Asian Startups Funding Roundup of This Week
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Affirma Capital
Singapore-based developing market private equity firm Affirma Capital has closed its sixth Korea buyout fund at $370 million.
Major organisations including the Korean Teachers’ Credit Union and the Korea Development Bank have committed to support Ascenta VI, and it is anticipated that in the second half of this year, the fund will start interacting with foreign limited partners.
ComfortDelGro
ComfortDelGro Corporation and Singaporean lender DBS announced an $73 million credit to decarbonize the global operator’s bus fleet in the United Kingdom.
ComfortDelGro stated that 135 electric buses were purchased for its wholly-owned subsidiary, Metroline, which is the fourth-largest scheduled bus operator in London, accounting for roughly 17% of the city’s scheduled bus services.
IMPACT Therapeutics
IMPACT Therapeutics, a biopharmaceutical company based in China, has successfully concluded its Series D+ fundraising round, investing $55.2 million to expand its anti-cancer drug portfolio.
Leading the Series D+ round were Beijing-based state capital investor Kingray Capital and healthcare-focused investment firm GTJA Investment Group, which oversees over $2.8 billion in assets.
Midas
A $45 million Series A fundraising round was secured by Midas, a retail investing business situated in Istanbul, Turkey. Leading the round was Portage, with participation from Spark Capital, Earlybird Digital East Fund, Revo Capital, and International Finance Corporation.
With ambitions to increase its workforce to more than 400 people and enter growing markets, the company hopes to use the capital to launch a number of new product lines, including cryptocurrency trading, mutual funds, and a savings product.
Haomo.AI
Haomo.AI Technology, a self-driving startup, has raised $41.4 million in a Series B2 investment.
According to a corporate statement on Wednesday, self-driving startup Haomo.AI Technologies has raised an additional $41.4 million in its Series B2 round from a fund established by the Changxing government in the city of Huzhou.
LetsTransport
India based Logistics startup LetsTransport secured $22 million in its Series E round funding led by Bertelsmann India Investments, the venture capital arm of German media firm Bertelsmann SE & Co. KGaA.
Participating in the fundraise were additional investors Rebright Partners, NB Ventures, ALES Global, Stride Ventures, and CAC Capital.
Capria Ventures
Capria Ventures, a Global South specialist venture capital firm, announced the successful completion of fundraising for its India Opportunity Fund at USD 19 million. This comes on the heels of a full-cash exit from its portfolio company Awign.
Capria Ventures and other investors in Awign, India’s largest tech-led, on-demand work fulfillment platform, have sold their stake in the company in a buyout by Japanese conglomerate Mynavi Corporation.
Stoxkart
Financial services company SMC Global has contributed $11.9 million, to the Indian online trading platform Stoxkart.
Stoxkart was founded in 2019 with the goal of making trading easier by providing a delivery trading model with no brokerage. According to the company, this allows investors to increase returns without worrying about expensive commissions.
Dhruva Space
Dhruva Space has secured $9.4 million from IAN Alpha Fund, Technology Development Board, and other current investors in a combination of debt and equity.
The initial investment, of which Rs 24 crore was debt, will help the Hyderabad-based company create the first phase of its 2.8 lakh sq ft spaceship production facility in the city, according to founder and CEO Sanjay Nekkanti, who spoke with ET.
SWAT Mobility
SWAT Mobility, a top supplier of AI-powered car routing systems, raised a total of US$7.2 million. With this financing, SWAT will be able to further consolidate its position in the mobility sector of the region.
The money will also be utilized to increase their R&D expenditures for logistics solutions, strengthening our position in this important industry.
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Name the Top 10 Asian Startups Funding Roundup in this week ?
Affirma Capital, ComfortDelGro, IMPACT Therapeutics, Midas, Haomo.AI, LetsTransport,Capria Ventures, Stoxkart, Dhruva Space, SWAT Mobility, are the Top 10 Asian Startups Funding Roundup in This Week.
