Funding Wrap of The Week | Asian Startups Funding Roundup | October 13 – October 18

Asian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Asian Startups Funding Roundup.

Purplle

India-based an omnichannel beauty platform, Purplle has secured INR 1,500 crore (approximately $180 million) funding in series F round led by Abu Dhabi Investment Authority (ADIA), has seen additional participation from existing investors such as Premji Invest and Blume Ventures.

Eruditus

Mumbai, India-based Edtech Startup Eruditus has raised $150 million in a series F round at a flat valuation of $3.2 billion post-money, led by TPG’s The Rise Fund, part of TPG’s global impact investing platform.

Abhi

Pakistani fintech startup Abhi has secured $15 million in credit financing, led by Shorooq Partners and Amplify Growth Partnership. Shorooq Partners is the leading alternative investment manager in the Middle East and North Africa while Amplify Growth fuels visionary entrepreneurs and their venture capital partners with flexible growth debt capital.

GlobalTix

GlobalTix, a ticketing software provider and marketplace distribution platform for the tourism industry, today announced the closing of their S$6.5M Series B funding round led by VC firm, Tin Men Capital.

UMX Studio

UMX Studio, one of the top mobile game developers in the MENA region has secured $4.5 million (about Rs 37.8 crore) from Jetapult, the world’s first Invest & Operate (I&O) model for gaming studios and backed by Accel and other key partners.

OneLot

OneLot, a fintech lending company, has raised $4 million in pre-seed funding in an oversubscribed round led by 468 Capital. Other participants include Kaya Founders, Crestone Venture Capital, 21yield, Founders Launchpad, and notable angel investors.

Perceptyne

Perceptyne, a deep-tech robotics and AI company building industrial humanoid robots for automating dexterous tasks, has secured $3 million in a seed funding round led by Endiya Partners and Yali Capital with participation from Whiteboard Capital and notable angels.

Rabbit Mobility

Egypt’s leading micromobility platform, Rabbit Mobility has secured $1.3 million funding led by 500 Global and Untapped Global. Rabbit Mobility funding will fuel Rabbit’s rapid growth and expansion plans across Egypt and other North African markets.

JARAS

JARAS Hospitality, a company specializing in innovative hospitality management solutions, has successfully closed its pre-Seed funding round at SAR2.5 million.

OneCFO

Philippine-based CFOTech company, OneCFO, raised $500,000 pre-seed funding and ropes in former Philippine Board of Accountancy (BOA) Chairman and former Bureau of Internal Revenue (BIR) Commissioner Joel L. Tan-Torres (JLT) on its Board of Directors.

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