INFOGRAPHIC: Top Asian Startup Funding — Week 29
These are the funding deals we tracked in the Asian region this week – including Tekion, Partior, BluSmart, Lenskart, and Infra.Market
- Tekion Raises $200 Million to Expand Automotive Retail Platform
- Partior Raises $60 Million to Enhance Blockchain-Based Payment Solutions
- BluSmart Raises $24 Million to Expand EV Operations and Charging Infrastructure
- Lenskart Secures $20 Million from Co-Founders for Expansion
- Infra.Market Secures 18 Million Debt Financing for Expansion
Tekion Raises $200 Million to Expand Automotive Retail Platform
- Tekion Corp, an Indian-founded provider of cloud-based technologies for automotive retail, has raised $200 million in a funding round led by San Francisco-based Dragoneer Investment Group, valuing the company at over $4 billion.
- Founded by former Tesla executive Jay Vijayan, Tekion Corp specializes in offering innovative solutions for car dealers and automakers, partnering with over 2,000 automotive retailers, 250 technology partners, and several leading-brand OEMs.
- The newly raised funds will be utilized to expand Tekion's product offerings, accelerate product development, and enhance customer service. This strategic investment aims to bolster Tekion's market position and support its growth initiatives.
Partior Raises $60 Million to Enhance Blockchain-Based Payment Solutions
- Singapore-based fintech startup, Partior, has successfully raised more than $60 million in a Series B funding round led by Peak XV Partners, formerly known as Sequoia Capital India and Southeast Asia. The round also saw participation from new investors Valor Capital Group and Jump Trading Group, alongside existing shareholders JPMorgan, Standard Chartered, and Temasek.
- Founded in 2021, Partior is a blockchain fintech platform that facilitates payments for major banks and corporations, including DBS, JPMorgan, Standard Chartered, Siemens, and iFast Financial.
- The newly raised capital will be directed towards developing new capabilities and enhancing its financial offerings and expand its global reach, solidifying its position as a leader in blockchain-based financial solutions.
