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.
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Asian Startups Funding Roundup
Myntra Design
Myntra Design, a fashion shopping platform owned by Flipkart and based in India, has received ₹1,062.5 crore (about $125 million) in funding from its parent company, FK Myntra Holdings, which is based in Singapore.
Buildots
Construction tech startup Buildots has raised $45 million in its latest Series D funding round, bringing its total funding to $166 million. The company is now estimated to be worth around $300 million. This round was led by Qumra Capital, which invested in Buildots for the first time.
Guardicore
Pavel Gurvich, who helped start the cybersecurity company Guardicore, has raised $32 million for a brand-new startup called Tenzai.
Sweep
Israel based AI firm Sweep has raised US$22.5 million in its series B funding round. Insight Partners led the round, with additional participation from Bessemer Venture Partners.
Snabbit
Fast service company Snabbit has raised more money less than six months after its last funding round. The new funds will help the company grow as interest from investors and competition in the industry continue to rise.
Qashio
Qashio, a company that helps businesses manage their spending, has raised $19.8 million in new funding. This includes both money from investors who got a share of the company (equity financing) and money that doesn’t require giving up ownership (equity-free funding).
GridCARE
GridCARE, a new company supporting the growth of artificial intelligence (AI), has raised $13.5 million in seed funding. The round was led by Xora, a tech-focused investment firm backed by Temasek. The funding round was highly oversubscribed, meaning more investors wanted to join than the company had room for.
Stitch
Stitch, a fintech platform based in Saudi Arabia, has raised $10 million in its seed funding round. The investment came from firms like Arbor Ventures, COTU Ventures, Raed Ventures, and Saudi Venture Capital (SVC), along with support from regional family offices and individual investors.
Slikk
Fashion delivery platform Slikk has raised $10 million in a Series A funding round. The money came entirely from selling shares and was led by Nexus Venture Partners, with support from previous investor Lightspeed.
Frinks AI
Deep tech startup Frinks AI has raised $5.4 million in a pre-Series A funding round. The round was led by Prime Venture Partners, with support from Chiratae Ventures, Navam Capital, and Ashok Atluri, the founder of Zen Technologies. With this, the company has now raised a total of $6.25 million.
Name the top 10 Asian Startups Funding Roundups for this week?
Myntra Design, Buildots, Guardicore, Sweep, Snabbit, Qashio, GridCARE, Stitch, Slikk, and Frinks AI are the top 10 Asian Startups Funding Roundups for this week.
