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# Weekly Roundup: Asian tech news and startup deals
- URL: https://www.techloy.com/weekly-roundup-asian-tech-news-and-startup-deals-7/
- Published: 2022-02-13T22:03:00.000Z
- Updated: 2022-04-21T22:03:52.000Z
- Description: Here are the technology news, startup, and VC deals we tracked across the Asian region this week.
- Author: Techloy
- Tags: Tech in Asia, / Money, / Startups, Roundup

Here are the technology news, startup, and VC deals we tracked across the Asian region this week:

- Blockchain network **Polygon** **raised $450 million** in its first major funding round led by Sequoia Capital India.
- Food delivery company **Zomato** **is planning to invest an additional $400 million** in the quick commerce space within the next two years. The company has already invested $225 million in the space so far in companies like Blinkit (formerly Grofers), Shiprocket, and Magicpin.
- E-commerce platform **ElasticRun** **raised over $300 million** in a Series E round led by SoftBank Vision Fund 2.
- **XpressBees**, which provides e-commerce focused end-to-end supply chain solutions, **raised $300 million** in a Series F round led by Blackstone Growth, TPG Growth, and ChrysCapital.
- Singapore-based omnichannel home interior and renovation platform **Livspace** **raised $180 million** in a Series F round led by KKR & Co. with participation from existing investors Ingka Group (Ikea), Jungle Ventures, Venturi Partners, and Peugeot Investments, making it reach unicorn status. Livspace plans to expand into Saudi Arabia, the United Arab Emirates, Australia, and additional Southeast Asian countries.
- Vernacular social media and short video entertainment platform **ShareChat raised a debt round of $100 million** from existing backer Tencent.
- Philippines-based cryptocurrency exchange **PDAX raised $50 million** in a Series B round led by Tiger Global.
- B2B-focused BNPL platform **Mintifi raised** **$40 million** in a Series C round led by Norwest Venture Partners and Elevation Capital.
- Virtual events organization startup **Airmeet** **raised $35 million** in a Series B round led by Prosus Ventures, Sistema Asia Fund, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures, and Nexxus Global.
- South Korean startup **Atommerce**, a platform that allows users to connect with mental health professionals **raised $16.7 million** in a Series B round led by Hashed, with participation from E&Investment, K2 Investment, and Samsung Next.

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