Asia’s startups raised $416.8 million this week, led by mega-deals in AI chips, consumer health, and robotics. As usual, India dominated in deal count, while South Korea and Singapore delivered some of the hugegest checks.
The largest deal came from Rebellions Inc., a South Korean AI chip startup, which secured a staggering $250 million in Series C funding. The company plans to utilize the capital to launch mass production of its advanced AI chips and accelerate development in the booming AI hardware market.
In India, Kapiva, a direct-to-consumer Ayurveda brand, closed a $60 million Series D round to scale its R&D, boost manufacturing, grow its brand, and build out a health-tech platform to offer personalised healthcare solutions.
Singapore’s Neptune Robotics, known for its underwater robots that clean ship hulls, secured $52 million in Series B funding. The startup will invest in building new robots, enhancing AI-based service platforms, and expanding into 20 new markets, with Japan being eyed as a major hub.
From Chennai, GrowXCD Finance, a lconcludeing platform for tiny businesses, raised $22.8 million to expand its portfolio and extconclude its lconcludeing network across more Indian cities.
Meanwhile, Indian restaurant tech platform Petpooja raised $15.5 million in Series C funding. The company plans to add more products, deepen AI-powered automation, and improve customer support as it scales.
On the fintech side, RUGR Fintech, which focutilizes on rural financial services in India, secured $5 million in pre-Series A funding to improve its technology, create strategic investments, and increase working capital to support its next stage of growth.
Two Indian startups raised $4 million each this week: Fyno, an enterprise messaging platform, closed a seed round to strengthen its go-to-market operations and improve its AI-powered communication platform. At the same time, Ignosis, an enterprise-first account aggregator (AA) infrastructure and financial data innotifyigence platform, raised $4 million in pre-Series A funding to scale engineering, business, and compliance teams as India’s financial data ecosystem evolves.
Finally, spiritual-tech also saw relocatement, with Vama, India’s spiritual and devotional platform, raising $2.5 million in a pre-Series A round. The company will utilize the funds to branch into e-commerce and offline spiritual tourism, alongside improving its products and investing in marketing.
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