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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Zhuzhou CRRC Times Electric
Zhuzhou CRRC Times Semiconductor, the parent company of Zhuzhou CRRC Times Electric, a maker of electric vehicle systems and trains, has completed an equity funding round, raising approximately $597.3 million.
According to a regulatory filing dated March 29, the 26 strategic investments that joined the round included state-owned investors such as the investment platforms under the municipal governments of Zhuzhou and Yixing.
PharmEasy
PharmEasy, an Indian online pharmacy company, has raised $216 million in a funding round headed by Manipal Education and Medical Group, led by Ranjan Pai, and previous investors.
With an investment of Rs 800 crore, MEMG was the lead investor in the round. Prosus, Temasek, and 360 One Portfolios contributed Rs 221 crore, Rs 183 crore, and Rs 200 crore, in that order.
Stride Ventures
Stride Ventures, a domestic venture debt fund that has supported companies like Mensa Brands and HealthifyMe, announced on Wednesday that it has reached the third debt fund’s final close at $165 million, $35 million less than it had at the end of the previous fund.
The company has made investments in businesses such as BlueStone, Moneyview, Moove, Foxtale, CureSkin, NewMe, Nat Habit, and AgroStar out of its third fund.
Avaada Group
The renewable energy division of India’s Avaada Group, announced that it has secured $143 million in green financing from the State Bank of India, the country’s public sector lender.
The 400 MW utility-scale solar PV power plant in Gujarat’s Surendra Nagar district will be developed with the help of the funding from SBI, which has been approved and disbursed as a 20-year project loan facility.
Oister Global
A new $53 million fund has been launched by investment firm Oister Global to support innovations in both developing technology-led and consumption-driven industries.
The new Oister India Pinnacle Fund will seek investments in fund houses spanning early (pre-Series A, Series A), growth (Series B, C), and late-stage (Series D onwards) venture capital and private equity funds, the business said in a statement. The fund contains a Rs 190-crore greenshoe option.
Oasis Security
Oasis Security, the leading provider of Non-human Identity Management solutions, announced that it has raised a Series A Extension of $35 million, just three months after emerging from stealth.
The exponential growth of Non-Human Identities used for workload-to-workload access, including system accounts, secrets, keys, and tokens, has created a new attack vector – which malicious attackers are exploiting with increased efficacy, leading to harmful results.
Betagro Ventures
In an effort to promote innovation within its business ecosystem, integrated food company Betagro Public Company Limited, based in Thailand, has established Betagro Ventures, its corporate venture capital division.
With investments coming from a $30 million fund, Betagro Ventures will support startups in their early stages and venture establish new companies in the foodtech and agritech industries.
CHARGE ZONE
The fastest-growing network for charging electric vehicles, CHARGE ZONE, has announced that British International Investment, a development finance organisation and impact investor in the UK, has committed $19 million to the network.
With the help of this new round of finance, CHARGE ZONE will be able to move more quickly to expand its high-speed electric vehicle network throughout the main roadways and cities in India.
Abyan Capital
Abyan Capital, a Saudi Arabian robo-advisory startup, has closed a $18 million Series A investment led by STV and including Wa’ed Ventures and RZM Investment. Abyan Capital is a financial services firm that offers an automated solution and portfolio management for long-term investments.
The additional funding will be used to develop Abyan’s platform even more, increase the range of financial products it offers, and quicken its entry into new markets along the value chain for investment solutions.
Infinity Fincorp
An NBFC practicing in custom fitted property advances for MSMEs, Infinity Fincrop solutions has secured an extra $8 million from Archerman Capital.
The subsidizing comes as an expansion to the $26-million financing circular driven by Wilderness Wanders, a Singapore-brd autonomous VC firm, prior this month. This brings the entire subsidizing raised within the circular to $34 million.
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Zhuzhou CRRC Times Electric, PharmEasy, Stride Ventures, Avaada Group, Oister Global, Oasis Security, Betagro Ventures, CHARGE ZONE, Abyan Capital, Infinity Fincorp, are the Top 10 Asian Startups Funding Roundup in This Week.
