INFOGRAPHIC: Top Asian Startup Funding — Week 48
These are the funding deals we tracked in the Asian region this week – featuring Nazara Technologies, ALT Mobility, ShopDeck, Elchemy, and Beyond Appliances.
- Nazara Technologies raised $100 million via a preferential issue to expand its presence in the gaming and sports media sectors.
- With $10 million in Series A funding, ALT Mobility plans to scale its digital asset management platform, standardize battery tech, and expand its EV fleet to 30,000 vehicles.
- ShopDeck, based in Bengaluru, raised $8 million to optimize its e-commerce technology platform for retailers and brands.
- Elchemy raised $5.6 million in Series A to expand its U.S. operations and invest in tech for supply chain visibility and quality management in chemical exports.
- Mumbai’s Beyond Appliances closed a $2 million funding round to design innovative solutions for modern kitchen appliances.
Nazara Technologies Raises $100 Million to Expand Gaming Operations
Mumbai-based Nazara Technologies has raised $100 million (INR 855 crore) through a preferential issue led by SBI Innovative Opportunities Fund, with participation from Junomoneta Finsol Private Limited and Think India Opportunities Master Fund LP.
A leader in gaming and sports media, Nazara operates esports, interactive gaming, and gamified learning platforms, serving a diverse global audience.
The funds will fuel Nazara’s expansion in the gaming and sports media sectors, allowing the company to strengthen its market presence and develop innovative solutions to engage players worldwide.
