INFOGRAPHIC: Top Asian Startup Funding—Week 36, 2025

Asia’s startup funding streak showed no signs of slowing down this week, with more than $431 million raised across semiconductors, AI, mobility, consumer platforms, and fintech. India led the charge with multiple mega-deals, while Japan, Singapore, China, Hong Kong, and Indonesia also made strong showings.

Leading the pack, India’s Tessolve, a semiconductor engineering services company and part of Hero Electronix, secured a massive $150 million from global investment firm TPG. The funds will be used to expand delivery centers worldwide, set up advanced testing labs, and pursue acquisitions, cementing Tessolve’s position in the global semiconductor value chain.

Close behind, Japan’s LayerX raised $100 million in a Series B round led by U.S.-based TCV, marking one of the largest ever Series B deals for a Japanese startup. The AI SaaS company automates back-office processes like expense management and invoice processing, serving over 15,000 clients, and will use the capital to accelerate enterprise adoption across Asia.

In consumer commerce, India’s CityMall secured $47 million in a Series D funding round led by Accel, with a mix of equity and debt. Focused on smaller towns and cities, the company will use the funds to strengthen its supply chain and improve technology infrastructure, even as it navigates a slightly lower valuation than its 2022 peak.

Also in India, Seekho, a short-form learning and upskilling platform, raised $28 million in a Series B round led by Bessemer Venture Partners, with participation from Goodwater Capital, Lightspeed, and Elevation Capital. With 25 million monthly users, Seekho plans to launch more regional and English content while enhancing its AI-driven personalized learning features.

Quick commerce also grabbed attention as FirstClub raised $23 million in a Series A led by Accel and RTP Global. The Bengaluru-based startup will channel the funds into opening new dark stores, launching cafes, expanding product categories, and hiring aggressively.

Meanwhile, Colive, India’s leading co-living platform, secured $20 million in a Series B round led by Bain Capital. The Bangalore-based company will use the funds to upgrade technology and expand its network of serviced, ready-to-move-in homes for young professionals and couples.

In energy innovation, Offgrid Energy Labs attracted $15 million in a Series A led by Archean Chemical Industries. The startup is building zincgel battery technology and will set up a pilot manufacturing plant in the UK before expanding production in India.

From China, H-Great, an automotive LED manufacturer, closed a nearly $14 million Series B round from Xinfang Fund and Hywood. The company, founded in 2014, will use the money to boost production capacity, invest in R&D, and expand into new EV markets.

Singapore produced multiple mid-tier raises. RushOwl, an AI-powered ride-sharing shuttle platform, landed $10 million in Series A funding led by Gobi Partners and Hong Kong Investment Corporation. The funds will support expansion into the Philippines, South Korea, and Malaysia, alongside opening an R&D center.

Also in Singapore, iEduGPT raised $10 million in a seed round from a syndicate of investors. The AI-driven edtech platform, which personalizes study paths for learners preparing for certifications like CFA and SAT, will expand into new exams and add multilingual support.

Fintech also made headlines as Obita, a Hong Kong-based stablecoin payments startup, raised $10 million in an angel round backed by Vision Plus Capital and Mirana Ventures. The funding will be used to build compliance infrastructure and scale cross-border payment services.

Finally, Indonesia’s Bang Jamin, a digital insurance platform, raised $4 million in a pre-Series A round co-led by Braxton Capital and SBI Ven Capital. The company plans to expand coverage beyond Jakarta into tier-II and tier-III cities, where insurance penetration remains low.