Asian startups secure investment in different funding rounds from venture capital firms and angel investors to grow their businesses and scale up to be more successful in Asia and worldwide. Below are the top 10 Asian Startups Funding Roundups for this week.
Asian Startups Funding Roundup
Table of Contents
CATL Plans
Chinese electric vehicle battery company CATL plans to raise $4 billion through its upcoming stock listing in Hong Kong on May 20. This makes it the city’s biggest initial public offering (IPO) this year so far, according to a statement released on Monday.
eToro
Crypto and stock trading platform eToro has increased the size of its initial public offering (IPO) to $620 million after setting its share price higher than it first planned.
Classiq
Israeli quantum computing startup Classiq has raised $110 million in a new round of funding, bringing its total funding to $173 million.
Proptech
Nawy, Africa’s largest property technology (prop-tech) platform, has raised $52 million in Series A funding. This money will help the company grow its operations, improve technology, and expand across the region.
Wyld VC
Venture capitalist Tala Al Jabri has started Wyld VC, one of the Middle East and North African funds focusing on artificial intelligence (AI). The fund has $50 million to invest in early-stage AI startups in both the Gulf countries and Silicon Valley.
WakeCap
WakeCap, a construction technology startup, has secured $28 million in new funding, announced during the Saudi-American Investment Forum.
VFlowTech
Singapore-based energy storage solutions provider VFlowTech has secured $20.5 million in its latest funding round.
Complement 1
Karan Bajaj, co-founder of BYJU’s-owned WhiteHat Jr, has launched his new startup, Complement 1. This healthtech company focuses on cancer care using personalized lifestyle medicine. It has raised $16 million in seed funding, led by Owl Ventures and Blume Ventures.
India Family Mart
Value retail chain India Family Mart has raised $12 million in its Series D funding round to help grow its retail network, the company said in a press release.
Hocco
Ahmedabad-based ice cream brand Hocco has raised $10 million (about INR 85.56 crore) in its $20 million Series B funding round. The round was co-led by the Chona family office and Sauce.vc.
BrioHR
On Wednesday, BrioHR, a human resource tech startup based in Malaysia, announced that it has raised S$8.7 million ($6.5 million) in Series A funding. This will help the company improve how businesses manage HR practices across Southeast Asia.
Name the top 10 Asian Startups Funding Roundups for this week?
CATL Plans, eToro, Classiq, nawy, Wyld VC, WakeCap, VFlowTech, Complement 1, India Family Mart, Hocco, and BrioHR are the top 10 Asian Startups Funding Roundups for this week.
