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
Cato Networks
Cybersecurity company Cato Networks has raised $359 million in a Series G funding round. This new funding brings the company’s value to $4.8 billion, a big jump from its previous $3 billion valuation in September 2023.
Ninja
Ninja Rapid Delivery has raised around $250 million from local investors in a new funding round led by Riyad Capital, making it the latest tech company in Saudi Arabia to reach a billion-dollar valuation.
Jumbotail
Jumbotail, a B2B marketplace and modern retail platform for food and grocery has raised $120 million in a funding round led by SC Ventures, the innovation and investment arm of Standard Chartered Plc.
Timah Partners
Timah Partners, a company based in Singapore, has raised $50 million in Series A funding. The company buys and runs small and medium-sized B2B businesses (ones that sell to other businesses) across Southeast Asia—especially those that offer essential, repeat services. It also trains future business leaders through its CEO-in-Training program.
Infra.Market
Infra. Market, a company that provides construction materials, has raised an extra $50 million in debt funding from MARS Growth Capital. This comes as the startup prepares for a possible stock market listing (IPO).
Petroapp
Jadwa Investment, a top investment and advisory firm in the Middle East, has led a $50 million funding round for PetroApp, Saudi Arabia’s leading fuel management platform. The investment was made through Jadwa’s main private equity fund, the Jadwa GCC Diversified Private Equity Fund. Regional venture capital firm Bunat Ventures also joined the round.
Qedma
Qedma, a company that builds tools to make quantum computers more reliable, announced on Thursday that it has raised $26 million in Series A funding.
Imagene AI
Imagene AI, a company that builds advanced AI models for precision medicine, has raised $23 million in its Series B funding round. Larry Ellison, the founder of Oracle, led the round.
JIC
Japan Investment Corporation (JIC) has announced a limited partner (LP) investment of ¥3.5 billion (about $22.5 million) in Genesia Venture Fund IV, managed by Genesia Ventures, Inc.
AppsForBharat
AppsForBharat, the company behind the devotional app Sri Mandir, has raised Rs 175 crore (around $20 million) in a Series C funding round. The funding was led by Susquehanna Asia Venture Capital, with continued support from its existing investors Fundamentum, Elevation Capital, and Peak XV Partners.
Name the top 10 Asian Startups Funding Roundups for this week?
Cato Networks, Ninja, Jumbotail, Timah Partners, Infra.Market, Petroapp, Qedma, Imagene AI, JIC and AppsForBharat are the top 10 Asian Startups Funding Roundups for this week.
