It's back to school even in the world of startups and innovation! Find out which Asian startup fundraisers were not to be missed between 26 August and 1 September 2024. This week, India once again presented the best deals, as it did last week.
Reminder: this article is sponsored by our partner WINVESTY. Are you looking for a Professional Fundraiser for your start-up or SME? Find out more about its WINVESTY Fundraiser programme.
360 One - India - $500 million fundraising round
Country of origin : India
Name of directors : Karan Bhagat (Founder, Managing Director and CEO), Yatin Shah (Co-founder)
Exercise amount : 500 million (for its first secondary fund)
Maturity of the company : Not applicable (asset management company)
Domain : Wealth management / Investment
Description 360 One, formerly known as IIFL Wealth Management, is a wealth management company based in Mumbai, India, and backed by Bain Capital. Founded in 2008 by Karan Bhagat and Yatin Shah, the company manages around $63 billion in assets and focuses on providing personalised financial services to high net worth clients. This $500 million fundraising is for their first secondary fund, allowing investors to buy existing assets in private companies.
Laiqa Wellness - India - unspecified amount of funds raised
Country of origin : India
Name of directors : Chetan Mehta (Founder)
Exercise amount : Unspecified amount invested by IvyCap Ventures
Maturity of the company : Unspecified (probably Seed or Series A)
Domain : Wellness / Women's health
Description Laiqa Wellness is an Indian start-up specialising in women's health products, including sustainable and eco-friendly menstrual products. The start-up recently attracted funding from IvyCap Ventures to support its expansion and the development of new wellness products.
SG Subscription (Circular) - Singapore - $3.3 million capital raising
Country of origin : Singapore
Name of directors : Nick Ramsay (Co-founder and CEO)
Exercise amount : 3.3 million (Seed Extension)
Maturity of the company : Seed Extension
Domain : Subscriptions / Circular economy
Description Circular is a Singaporean start-up specialising in subscriptions for high-end electronic devices. The company focuses on sustainability and the circular economy, offering customers flexible access to technology while minimising environmental impact through reuse and recycling solutions.
Miko - India - fundraising of $2.5 million
Country of origin : India
Name of directors : Sneh Vaswani (Co-founder and CEO)
Exercise amount : 2.5 million
Maturity of the company : Unspecified (probably Seed or Series A)
Domain : Educational robots
Description Miko is an Indian start-up that designs and develops interactive educational robots for children. The company has raised $2.5 million to continue its market expansion and improve its educational robotics technologies.
Pilgrim - India - Fundraising of $9 million
Country of origin : India
Name of directors : Anurag Kedia (Co-founder and CEO), Gagandeep Makker (Co-founder)
Exercise amount : 9 million (Series B+)
Maturity of the company : B+ series
Domain : Cosmetics / Personal care
Description : Pilgrim is an Indian start-up specialising in beauty and personal care products inspired by traditions from around the world. The company has raised $9 million in a Series B+ financing round to accelerate its expansion into international markets and develop new product ranges.
Peak XV - India - raising $35 million in funds
Country of origin : India
Name of directors : Sameer Gandhi (Managing Director)
Exercise amount : 35 million (Series D)
Maturity of the company : Series D
Domain : Fintech / Corporate credit
Description Peak XV is an Indian venture capital fund that has led a $35 million financing round in a fintech specialising in business credit. This round of funding is designed to support the company's expansion and strengthen its credit capabilities for small and medium-sized businesses in India.
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