INFOGRAPHIC: Top Asian Startup Funding — Week 24

• Indian Beauty Unicorn Purplle Secures $100M from Abu Dhabi Wealth Fund
• Battery Smart Raises $65M Led by LeapFrog Investments for Expansion
• Ixigo Secures $44 Million from Anchor Investors Ahead of IPO
• Indkal Technologies Raises $36M to Expand into New Product Categories
• Korean AI Firm Wrtn Raises $18M to Expand 'AI Super App' Globally
• Foxtale Raises $18M to Expand D2C Beauty Line
• Ola Electric Secures $12M in Debt Ahead of IPO

Indian Beauty Unicorn Purplle Secures $100M from Abu Dhabi Wealth Fund

• Purplle, a Mumbai-based e-commerce unicorn, has raised $100 million in a funding round led by an Abu Dhabi wealth fund with participation from private equity fund Creaegis and existing investor Premji Invest. This funding round values Purplle at between $1.2 billion and $1.3 billion, reflecting a 15% increase from last year when it joined the unicorn club.
• Founded in 2011, Purplle offers a wide range of beauty and personal care products, including skincare, cosmetics, and haircare through its online platform.
• The company plans to use the new funding to strengthen its market presence and expand its product offerings in the highly competitive beauty sector.

Battery Smart Raises $65M Led by LeapFrog Investments for Expansion

• Battery Smart, a Delhi-based battery-swapping services provider, has raised $65 million in its latest funding round led by South African private equity firm LeapFrog Investments. The funding includes $45 million in primary funding and a secondary sale involving early investors and Orios Venture Partners.
• Battery Smart specializes in providing battery-swapping solutions for electric vehicles (EVs). It operates in 30 cities across India and plans to expand into 10 more locations this year, focusing on eastern UP, Bihar, Punjab, and northeastern states.
• The funds will supercharge the company's aim to strengthen its balance sheet, enhance its technology infrastructure, and increase its team size from the current 350 employees.