Asia’s Startup Funding in Week 23 Led by FirstClub, SignalPlus, and Simple Energy

Asia's Startup Funding in Week 23 Led by FirstClub, SignalPlus, and Simple Energy


Asia’s startup funding activity remained strong this week, with major rounds spanning commerce, fintech, EV manufacturing, sportswear, healthtech, and artificial intelligence raising over $194 million. While consumer-focused platforms continued attracting large investments, several funding rounds also highlighted growing investor confidence in infrastructure businesses supporting digital finance, AI systems, and healthcare technology across the region.

The Week’s Biggest Startup Funding Rounds

Here are the most notable startup funding announcements across Asia this week, ranked from highest to lowest.

/1. FirstClub, $55 Million, Consumer Commerce, India

Bengaluru-based startup FirstClub raised $55 million in a Series B round co-led by Peak XV Partners and Sofina, valuing the company at $255 million. Existing investors Accel, RTP Global, and Paramark Ventures also participated. The company plans to expand into more cities, strengthen its supply chain and technology, and launch new categories including beauty, home essentials, and pet care.

/2. SignalPlus, $50 Million, Digital Asset Infrastructure, Hong Kong

Hong Kong-based digital asset derivatives infrastructure provider SignalPlus secured $50 million in Series B1 funding led by HashKey Capital. The investment values the company at $500 million and will support expansion into new products and international markets.

/3. Simple Energy, $26.3 Million, Electric Vehicles, India

Electric scooter maker Simple Energy raised ₹250 crore (about $26.3 million) through a mix of equity and debt financing. The round was led by the family office of Thyrocare founder Arokiaswamy Velumani. The company plans to strengthen manufacturing and expand its EV business across India.

/4. Agilitas Sports, $23.5 Million, Sportswear, India

Bengaluru-based Agilitas Sports secured ₹225 crore (around $23.5 million) in funding led by Nexus Venture Partners, with participation from Rainmatter. The company will use the capital to scale manufacturing, expand retail operations, and improve technology capabilities.

/5. TrueFan AI, $10 Million, AI Video Technology, India

Gurugram-based TrueFan AI raised $10 million to expand its AI-generated video platform. The startup creates personalised videos using celebrity and business leader avatars and currently serves enterprises including HDFC Bank and Zomato. The funding will support global expansion and real-time AI video agent development.

/6. WasabiCard, $10 Million, Fintech, Singapore

Singapore-based payment infrastructure startup WasabiCard completed its Series Pre-A round, taking its total funding to nearly $10 million. The company focuses on connecting stablecoins with real-world financial applications and plans to expand its payment infrastructure ecosystem.

/7. WeRize, $7 Million, Fintech, India

Fintech platform WeRize raised $7 million in a pre-Series C round led by Sony Innovation Fund, with participation from existing investor 3one4 Capital. The company focuses on delivering financial services to underserved users in smaller Indian cities.

/8. Aquapulse, $4.7 Million, AgriTech, India

Aquaculture startup Aquapulse raised ₹45 crore (about $4.7 million) in a Series A round. The company plans to improve shrimp farming technology, expand farmer networks, and strengthen processing and export capacity.

/9. ProLearn, $3.15 Million, EdTech, India

Bengaluru-based edtech startup ProLearn secured ₹30 crore ($3.15 million) in pre-seed funding led by BEENEXT. The startup will use the capital to improve its AI systems, expand curriculum content, and prepare for public launch.

/10. Propsoch, $2 Million, PropTech, India

Property advisory platform Propsoch raised $2 million in seed funding led by Athera Venture Partners. The company plans to improve its research services, expand its team, and enter new markets.

/11. I.W.G Inc., $1.8 Million, HealthTech, Japan

Tokyo-based healthtech startup I.W.G Inc. raised $1.8 million in a pre-Series A round led by Golden Gate Ventures. The company develops AI-powered systems that help hospitals manage and share medical data across different healthcare platforms and languages.

/12. Handshake Finance, $500K, Fintech, Singapore

Singapore fintech startup Handshake Finance secured S$500,000 in pre-seed funding to grow its escrow-as-a-service platform. The company is initially focusing on Singapore’s renovation and interior design market.

/13. MediElaj, $100K+, HealthTech, India

Gurugram-based healthtech startup MediElaj raised around $100,000 from friends and family, while its founders invested nearly $500,000 of their own capital into building the company’s AI-powered healthcare platform and kiosk network.

Conclusion

This week’s funding rounds show investors continuing to balance consumer growth opportunities with long-term infrastructure bets. Commerce, fintech, EV manufacturing, and AI-powered enterprise platforms attracted much of the capital, while healthtech and industrial systems also continued drawing early-stage investor interest across Asia’s startup ecosystem.

Asia Startup Funding Week 22: Cyient Semiconductors, C2i Semiconductors, and Fairdeal.Market Lead New Deals

Semiconductor startups, clean energy platforms, and commerce infrastructure companies dominated Asia’s startup funding activity this week, as investors continued backing businesses building the region’s long-term industrial and digital backbone.



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