Here are the startup and venture deals we tracked across the Asian region today.
Quick commerce startup Zepto raises over $31 million
Quick commerce unicorn Zepto has secured an additional $31.25 million in funding from current investors, including Goodwater Capital and Nexus Venture Partners. This funding round comes on the heels of a significant $200 million raise in August, involving a similar lineup of investors like Goodwater Capital, Nexus Venture Partners, and StepStone Group, which valued the company at $1.4 billion, making it India's first unicorn of 2023.
LivSYT raises $2.5 million in seed round
LivSYT, a hyperbaad-based construction management startup that offers cloud-based software solutions to expedite construction project completion, has raised $2.5 million in a seed round from Silicon Valley Quad and Inventus Capital.
Indian Cybersecurity firm Sequretek raises $8 million
Mumbai-based Cybersecurity solutions provider Sequretek has raised $8 million in a series A funding round led by Omidyar Network India. The funds will be used to push higher adoption of its solutions and scale its global operations and go-to-market strategies.
Xpressbees raises $80 Million from Teachers’ Venture Growth
India's fastest-growing e-commerce-focused logistics company, Xpressbees, has bagged $80 million in its Series G round from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of the Ontario Teachers’ Pension Plan to help drive further growth.
Peak XV’s Surge leads a $4 million seed round in Vaaree
Vaaree, an Indian online platform that offers home products, has raised $4 million in a seed round led by Surge, a scale-up program by Peak XV Partners and other investors including PeerCapital, All In Capital, and Better Capital.
OnFinance AI raises $1.05 million in a seed round
Based in Bengaluru, India, OnFinance.ai, a provider of generative AI SaaS solutions, has raised $1.05 million in a seed round led by Silverneedle Ventures and IAN with participation from notable investors, including LetsVenture Fund, SSV Fund, and Kunal Shah (CRED), along with some marquee angels.
Singapore's Entropica Labs raises $4.7 million in a Series A round
Singapore-based quantum software company, Entropica Labs, has raised $4.7 million in a series A funding round from Liftt, Wavemaker Partners and others to develop tools for error correction and fault tolerance in quantum computing.
Authentick raises $4 million in a seed round
Authentick, a Singaporean NFT authentication firm, has come out of stealth mode and announced a $4 million seed funding round led by Menyala, a venture-building platform backed by Temasek.
Follow our full coverage of the Asian startup and technology scene and get up to date with what's happening in the key markets within the region.