INFOGRAPHIC: Top Asian Startup Funding — Week 27

• Oyo Secures $50 Million from InCred Wealth for Expansion and Growth
• Agritech Startup Arya.ag Raises $29.2 Million from Existing Investors
• Matter Motor Raises $35 Million to Expand Electric Motorbike Production
• upGrad Secures $35 Million in Debt Funding from EvolutionX
• Rare Rabbit Raises $18 Million in First Institutional Investment

Oyo Secures $50 Million from InCred Wealth for Expansion and Growth

• Oyo, the Gurugram-based hospitality unicorn, has raised Rs 416.85 crore (approximately $50 million) from InCred Wealth and Investment. This marks the first significant funding for Oyo in nearly three years.
• Oyo is a leading hospitality company that offers budget accommodation and standardized hotel experiences. It operates globally, with a strong presence in India and international markets.
• The investment values the Indian company at $2.38 billion, a substantial 76% decrease from its peak valuation of $10 billion. In May, Oyo withdrew its IPO application for the second time, citing unfavourable market conditions.
• The fresh capital will be used for growth initiatives, global expansion (including potential acquisitions), and enhanced business plans. This strategic infusion aims to bolster Oyo's market presence and operational capabilities.

Agritech Startup Arya.ag Raises $29.2 Million from Existing Investors

• Arya.ag, a Delhi NCR-based agritech startup, has secured Rs 242.36 crore (approximately $29.2 million) in its first funding round since January 2022. The funding was led by a new investor, Blue Earth Capita. Existing investors, Asia Impact SA and Quona Capital will also participate in the round.
• Founded in 2013, Arya.ag offers an online marketplace solution that connects agricultural producers (sellers) with buyers to sell and purchase food grains. The platform also offers ancillary services such as warehousing and loans to farmers through third-party lenders.
• The new funding will support Arya.ag’s continued growth and expansion efforts.