Asia’s startup funding market stayed busy this week as investors continued backing companies working across AI, electric mobility, healthcare, and digital commerce, raising $184.2 million. The biggest rounds went to Indian and Chinese startups, with capital also flowing into Singapore’s growing technology ecosystem.
The Week’s Biggest Startup Funding Rounds
Here are the most notable startup funding announcements across Asia, ranked from highest to lowest.
/1. Yulu, $93 Million, Electric Mobility, India
Bengaluru-based electric mobility company Yulu raised $93 million in Series C funding, comprising $63 million in equity and $30 million in debt. The equity round was led by GEF Capital Partners.
Yulu plans to use the funding to quadruple its active fleet to 200,000 electric vehicles, enter new urban mobility segments, and prepare for a potential public listing.
/2. Beyang Therapeutics, $30 Million, AI Drug Discovery, China
Chinese AI drug discovery company Beyang Therapeutics raised nearly $30 million in an oversubscribed Series A round co-led by Legend Capital and Shanghai Healthcare Capital.
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