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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ACWA Power
ACWA Power is delivering essential power and water across 3 continents. They are driving the transition to a carbon free, greener future. The state-backed National Electric Grid of Uzbekistan and ACWA Power Company have signed a significant 25-year power purchase agreement valued at ($262.7 million).
This agreement relates to the Nukus2 project, which calls for the construction of a battery energy storage system in addition to a 200 megawatt (MW) wind farm.
Prestige Group
Prestige Estates developments in India has finalized a major transaction for USD 240 million with the Abu Dhabi Investment Authority and Kotak Alternate Investment Fund. In order to develop residential developments in important Indian cities.
According to it, the agreement involves projects for a combined gross development value of more than 180 billion rupees ($2.16 billion) that are located in Bengaluru, Mumbai, Goa, and the National Capital Region.
Hailo
An extended series C fundraising round of $120 million was raised by Hailo, an Israeli chipmaker of edge artificial intelligence (AI) processors located in Tel Aviv.
Leading the latest round of funding were both new and existing investors, such as Gil Agmon, Delek Motors, Vasuki, OurCrowd, Talcar, Comasco, Alfred Akirov, DCLBA, Automotive Equipment (AEV), and Poalim Equity.
SingleInterface
SingleInterface, a leader in the ‘hyperlocal marketing-to-commerce’ software sector, today announced a US$30 million financing in its first-ever external fundraising round.
Asia Partners, a Singapore-headquartered growth equity investment firm focused on investments in high-growth technology and technology-enabled companies led the round.
NEFIN
NEFIN Leading provider of carbon neutral solutions, was able to get on March 5th, from Bank SinoPac Hong Kong Branch, a HKD $22.15 million green project finance loan to assist in the development of ecologically friendly projects.
In partnership with a well-known international financial institution and a world-class logistics company, this first tranche of loan drawing is related to two NEFIN Hong Kong Special Administrative Region projects.
Scrut Automation
Scrut is an international help provider that does not only work with businesses from particular nations. Simplified governance, risk management, and compliance for modern companies.
More businesses are integrating GenAI into their operations, yet the quality of the data generated by the technology varies.
HD
Hd company a Thailand-based healthcare and surgery marketplace, has announced the completion of a $5.6 million Series A funding round.
According to a statement from HD, SBI Ven Capital, a division of the well-known Japanese Internet banking behemoth SBI Group, spearheaded this major round through its joint fund with South Korea’s Kyobo Securities and NTU Singapore’s NTUitive.
SiftHub
SiftHub, is AI sales response platform. SiftHub’s AI platform is changing how sales and presales teams discover up-to-date information and generate accurate responses grounded in company knowledge.
However, that can be a disjointed process; for example, the same information might be spread across numerous documents or even distinct teams.
WYZauto
WYZauto An online tire marketplace for auto repair companies located in Thailand has raised $2.25 million in funding, with the lead investor being Malaysia-based venture capital firm Vynn Capital, which specializes in the supply chain and mobility industries.
This is the first investment from Vynn Capital’s new Mobility and Supply Chain Fund, which is supported by Sime Darby Berhad, AEI Capital, Malaysia Venture Capital Management Bhd.
Bateriku.com
Bateriku is creating a digital marketplace (B2C) and an inclusive automobile ecosystem platform (B2B).
In order to expand its connected roadside assistance services, government-backed impact investment companies VentureTECH Sdn. Bhd. and VentureTECH SBI Sdn. Bhd. have contributed MYR 10 million ($2.11 million) to the Malaysian roadside assistance company Bateriku (M) Sdn. Bhd. (Bateriku.com).
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ACWA Power, Prestige Group, Hailo, SingleInterface, NEFIN, Scrut Automation, HD, SiftHub, WYZauto, Bateriku.com, are the Top 10 Asian Startups Funding Roundup in This Week.
