14 startup funding rounds in Asia last week

08-Apr-2014 Intellasia | Tech in Asia | 6:00 AM Print This Post

It seems like a pretty good start to April with startups in the ecommerce, education, and food sectors getting funding in the past week. Congratulations!

1. Shopdeca | Indonesia

Indonesian online store Shopdeca revealed it received second funding round from Singapore-based Polaris Digimedia worth “up to $1 million” for an equity stake of 33.5 percent. With this new investment, Shopdeca has also expanded to Singapore with the acquisition of women’s fashion estore Eriin. (Techlist profile)

2. iFit | Taiwan

iFit, a fitness-oriented startup based out of Taiwan, received $900,000 in seed funding from Cherubic Ventures, a VC firm that invests in early-stage tech companies in Taiwan, mainland China, and Silicon Valley. (Techlist profile)

3. Hike | India

Indian messaging app Hike received $14 million in funding from Bharti Softbank. The app reports 15 million registered users, 80 percent of them in its home country. (Techlist profile)

4. Ricebook | China

Chinese social foodie app Ricebook raised $7 million series B funding led by IDG Ventures. China’s Ceyuan investment firm also participated in this round. (Techlist profile)

5. Mercari | Japan

Tokyo-based mobile C2C shopping app, Mercari, got $14 million from Global Brain, Globis Capital Partners, Itochu Technology Ventures, GMO Venture Partners, and other undisclosed investors. Ryo Ishizuka, co-founder at Mercari, says the money will allow the startup to do additional hiring and marketing to increase its market share in Japan. It also plans to open an office in the US next month. Mercari has over 1.5 million downloads. (Techlist profile)

6. Jiuxian | China

Jiuxian, arguably China’s top wine-specialist ecommerce site, is uncorking RMB 420 million (US$69 million) in new funding. The startup’s most recent investors include Rich Land Capital, Oriental Fortune Capital, and Sequoia Capital.

The investment covers two rounds – series D and E – which have just been revealed in tandem. The fourth round of funding was worth $26.8 million, while the fifth amounted to $42.2 million. Prior to that, Jiuxian got $32 million in series C back in August 2012. (Techlist profile)

7. Catarizm | Japan

Catarizm raised approximately 200 million yen (US$1.95 million) from Globis Capital Partners and Jafco. The Tokyo-based startup is the company behind online leisure booking site Asoview, and is said to be using the funds to improve its booking management system and increase its manpower for its call centre. (Techlist profile)

8. Gradstack | India

India-based education marketplace Gradestack raised an undisclosed amount of funding from Times Internet. The startup provides interactive learning solutions on mobile devices. (Techlist profile)

9. ElasticBox | India

ElasticBox, a startup that helps developers and enterprises to create, deploy, and manage applications, has raised $9 million in series A funding from Nexus Venture Partners and Intel Capital. (Techlist profile)

10. EventRegist | Japan

Tokyo-based startup EventRegist announced it raised 165 million yen (US$1.6 million) from Japanese newspaper company Nikkei. EventRegist provides a mobile app platform for event organisers to announce events, handle ticketing, and collect admission fees from guests. (Techlist profile)

11. Greencart.in | India

Mumbai-based ecommerce site Greencart.in nabbed $1.5 million in funding from Techno Group. Greencart.in specialises in fresh produce and gourmet food. (Techlist profile)

12. Germin8 | India

Big data analytics startup Germin8 raised $3 million in series A funding from Kalaari Capital. The money will be used to fund the company’s international expansion efforts and on R&D. (Techlist profile)

13. Kuailexue | China

Kuailexue, a Chinese startup that allows high school students to use their mobile phones to take photos of questions that they are unsure of and ask for crowdsourced help, has raised $5 million in series A funding led by Matrix Partners China, with follow-on funding from Crystal Stream. The new funding will be spent on R&D and expansion efforts. (Techlist profile)

14. Kaisen Platform | Japan

The startup behind user interface A/B testing platform PlanBCD, Kaisen Platform, has raised $5 million from Fidelity Growth Partners Japan and Gree Ventures. (Techlist profile)



Category: FinanceAsia

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