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
Table of Contents
Purplle
Purplle, an Indian online beauty retailer, raised $120 million headed by an Abu Dhabi Investment Authority affiliate.
ADIA has been making significant investments in India lately. It paid over Rs 628 million ($7.5 million) for a minority stake in the India-listed Paras Defense and Space Technologies and invested roughly $1.5 billion with KKR in the retail subsidiary of Reliance Industries Limited’s warehousing assets.
Meitav
Meitav Investment House is seeking $100 million from institutional and qualified private investors to invest in private technology company shares. The investing house’s alternative investments division will run the new fund.
The fund will use Valoo’s technology secondary platform, which finds, evaluates, and trades mature firms worth over $1 billion from Israel and the US. Secondary deals buy existing shares from early-stage investors, entrepreneurs, or former workers. Liquidation events like IPOs or sales offer returns.
AIRS Medical
AIRS Medical, a leader in robotics and artificial intelligence for healthcare applications, announced the closing of its Series C investment round. The company raised $20 million from seven Korean institutional investors.
Robotics for healthcare applications is offered by AIRS Medical. With entire pulse-sequence coverage and excellent resolution, its flagship product SwiftMRTM reduces scan times by up to 50% when compared to the standard of care. Deep learning technology is used to achieve this.
Nagish
A $11 million Series A funding round has been raised by the Israeli startup Nagish, which uses artificial intelligence to allow the deaf to communicate over the phone. Canaan Partners spearheaded the funding effort, including participation from the creators of Looker and Datadog as well as current investors K5 Global, Tokyo Black, Cardumen Capital, Vertex Ventures Israel, Contour Venture Partners, and Precursor Ventures.
Nami
Singapore-based Clime Capital has invested US$10 million in Vietnamese clean energy startup Nami Distributed Energy.
The Southeast Asia Clean Energy Fund II,rooftop solar and other on-site energy solutions will be made available to Vietnamese commercial and industrial clients.
Endoron Medical
The $10 million Series A fundraising round for Endoron Medical, a medical technology firm that creates endograft stapling solutions for the endovascular repair of abdominal aortic aneurysms , has closed successfully. Sofinnova Partners led the round, while the European Innovation Council Fund made a sizable matching contribution.
The clinical validation of Endoron’s flagship product, the catheter-based EndoStapling solution Aortoseal, which is presently progressing through its approved Early Feasibility Study by the Investigational Device Exemption,is expected to be accelerated by this substantial infusion of funding.
Circuit House
Manufacturer of consumer electronics Circuit House Technologies has raised $4.3 million in a fresh funding round headed by 3one4 Capital and Stellaris Venture Partners. Co-founders of Tracxn and Mamaearth, Abhishek Goyal and Varun Alagh, also took part in the round. This is the startup’s first institutional investment.
According to a press statement from Circuit House, the money will be utilised to develop the next-generation Indian consumer tech company and provide innovative home entertainment devices.
Jugyah
After emerging from stealth, online real estate broker Jugyah has raised $1.5 million in a fundraising round headed by Godrej Properties, QED Investors, and White Venture Capital.
Whiteboard Capital, Singularity Ventures, and angel investors Kunal Shah (Cred), Harsh Jain (Dream11), and Ramakant Sharma (Livspace) were also involved in the round.
Maalexi
In order to promote innovation in the GCC, Stride Ventures, an Indian venture loan business, has invested $1 million in Maalexi. This will accelerate Maalexi’s growth and improve its operational capabilities for effective food and agri-produce distribution.
Maalexi was founded in 2021 with the goal of revolutionizing the $3 trillion worldwide industry for cross-border trade in food and agricultural products by offering risk management solutions like blockchain-authenticated documents, digital contracts, and AI-enabled inspections.
Packworks
A Filipino company called Packworks has obtained $60K from the Philippine government to introduce an AI-powered precision marketing tool for “sari-sari” retailers, or local mom-and-pop shops, that would cost $85,000.
The Philippine Department of Science and Technology-Philippine Council for Industry, Energy and Emerging Technology Research and Development Startup Grant Fund Programme has provided research funds, the company announced in a statement on Thursday.
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Name the Top 10 Asian Startups Funding Roundup in this week ?
Purplle, Meitav, AIRS, Nagish, Nami, Endoron Medical, Circuit House, Jugyah, Maalexi, Packworks, are the Top 10 Asian Startups Funding Roundup in This Week.
