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Funding Wrap of The Week | Asian Startups Funding Roundup | March 24 – March 29

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

DNX Ventures

DNX Ventures, a venture capital firm with offices in both Japan and the United States has announced final closing of two new Japan funds The funds raised a total of about 36.5 billion yen, or $243 million.

The firm released a statement announcing the full close of $188 million for the Japan Fund IV and $55 million for the Japan Annex Fund III

Alteria Capital

Alteria Capital , which is based in India, has been finalized at a total of 15.5 billion rupees (US$185 million), above its initial target of 10 billion rupees (US$120 million).

This most recent fund has a “shorter duration” strategy in addition to venture debt, which Alteria Capital claims is a first for India. The program is designed to meet the short-term funding needs of entrepreneurs.

Grasim Industries

Garbaliser frequently sells their innovative liquid fertiliser, which is shown to yield cleaner product at a bigger capacity than chemical fertilisers. The business is now planning to expand to the UAE market in 2024 after obtaining money from Shark Tank Dubai and a partnership in the UAE.

The sisters Hanan and Zeinab Ismail are the creators of Garbaliser, which was founded in 2020. 

FundGuard

FundGuard , the industry’s first fully cloud-native, AI-powered, multi-asset class investment accounting platform for asset managers, asset owners, custodian banks.

The round also saw strong participation from existing strategic investors, plus the company’s earliest financial investors: Blumberg Capital and Team8.

Coro

Coro is based on Rothschild Boulevard in Tel Aviv, targets large corporations with thousands of employees with a product that specializes in a very specific market segment, assuming that these customers will pay high subscription fees over an extended period of time.

The $100 million Series D financing round headed by One Peak, which included participation from current investors Energy Impact Partners and Balderton Capital.

Muthoot Microfin

Muthoot Microfin is a prominent corporate group that operates across various industries. One of India’s top microfinance companies, Muthoot Microfin Limited, specializes in lending small amounts of money to women borrowers, mostly in rural areas.

There is a $25 million greenshoe option available for the $75 million social lending facility. According to the announcement, the money would be used to finance and on-lend qualifying social loans.

ShareChat

ShareChat is a colloquial social networking platform that was founded in 2015 by IIT Kanpur graduates Sachdeva, Farid Ahsan, and Bhanu Pratap Singh. It lets users record their lives, discuss their thoughts, and meet new people.

Social media company ShareChat has raised $48.8 million in fundraising through convertible debentures from its current backers, Temasek and Lightspeed.

Qoala

Qoala believes in order to redefine insurance, it takes all stakeholders to be involved. In its Series C investment round, which is led by US-based insurer MassMutual and PayPal Ventures.

Ohana Holdings, MUFG Innovation Partners, and current investors Flourish Ventures, Eurazeo, and AppWorks also supported the investment round.

MANTRA

MANTRA, which is devoted to the tokenization of real-world assets (RWA), has concluded a successful fresh $11 million financing round.

Leading venture and technology investment firm in the MENA area, Shorooq Partners, spearheaded the investment. Numerous strategic investors participated in the round, including Caladan, Token Bay Capital, BlackPine, Mapleblock, Fuse Capital, Hex Trust, Three Point Capital, and Forte Securities.

Foundational

Foundational has raised $8 million in seed funding. Foundational has developed a solution that uses advanced analysis to find and avoid data errors in data platforms.

Leading the investment were Google’s AI-focused venture fund Gradient and Viola Ventures, with executives from Datadog, Intuit, Meta, Wiz, and Asymmetric Venture Partners also participating.

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Name the Top 10 Asian Startups Funding Roundup in this week ?

DNX Ventures, Alteria Capital, Grasim Industries, FundGuard, Coro, Muthoot Microfin, ShareChat, Qoala, MANTRA, Foundational, are the Top 10 Asian Startups Funding Roundup in This Week.

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