INFOGRAPHIC: Top Asian Startup Funding — Week 49, 2025
These are the funding deals we tracked in Asia this week—featuring Mujin, Ultraviolette, SynaXG Technologies, Finfactor (Finvu), Tonik Financial and Modulus Housing.
Asia’s funding landscape picked up speed this week with more than $333 million disclosed across robotics, EVs, fintech, and deep tech. Japan claimed most of the capital, while India and Singapore added solid mid-stage rounds.
The largest raise came from Japan-based Mujin, which announced the first close of its Series D at $233 million. The company secured $133 million in equity and $100 million in debt, with NTT Group leading the equity portion. Qatar Investment Authority, Mitsubishi HC Capital Realty, and Salesforce Ventures also joined. Mujin credited Mizuho Securities and UBS AG Singapore Branch for guiding key investors into the deal. A second close is already in motion and is expected to bring in existing shareholders, including Pegasus Tech Ventures and Accenture.
India’s EV sector delivered one of the week’s standout raises as part of its ongoing Series E. Ultraviolette landed $45 million from Zoho Corporation and Lingotto to scale production of its F77 and X-47 motorcycles and push ahead on two new models. The company is now active in 30 Indian cities, with plans to reach 100 by mid-2026, and has expanded F77 sales to 12 countries.
Singapore added momentum with a major deep-tech investment. SynaXG Technologies secured more than $20 million in a round led by January Capital Growth Credit, Vertex Ventures, and Qualgro. The company develops AI-powered wireless infrastructure and says this positions it as an emerging global contender in AI-RAN.
Fintech stayed active as India’s Finfactor, parent of account aggregator Finvu, raised $15 million in Series A funding. WestBridge Capital led the round, with Varanium Capital, DMI Sparkle Fund, and IIFL Fintech Fund joining. The company plans to broaden its product suite for financial institutions and boost its analytics engine as it moves toward becoming a full-stack tech provider for the BFSI sector.
In the Philippines, Tonik Financial closed a $12 million Pre-Series C round led by Diligent Capital Partners. Plio Limited, Altara Capital, and Tonik’s management team also took part. The funding supports Tonik Digital Bank’s regulatory capital needs under Bangko Sentral ng Pilipinas and will drive upgrades across automation, customer growth, and technology.
Rounding out the week, Modulus Housing in India raised INR 70 crore ($7.83 million) in Series A funding. Kalaari Capital, Hero, and Samarthya led the round, with support from SVAS, Sigma, and several individual investors, including Zetwerk founder Srinath. The company will use the capital to expand operations, deepen research, and develop a next-generation concrete modular platform for faster, scalable construction.
Across the region, the week reflected rising appetite for robotics and automation, clean mobility, wireless innovation, and digitally native financial infrastructure. The pace is steady, the checks are getting bigger, and several sectors look set for a stronger quarter ahead.
