INFOGRAPHIC: Top Asian Startup Funding — Week 50
These are the funding deals we tracked in the Asian region this week – featuring Mintifi, Haber, SolarSquare, Pixxel, and Stage.
- Mumbai-based Mintifi raised $180 million in Series E to expand its supply chain financing services, enhance dealer management systems, and prepare for an IPO.
- Haber secured $44 million in Series C to scale AI-powered industrial automation solutions and expand globally.
- SolarSquare raised $40 million in Series B to expand its rooftop solar solutions to 50 cities and strengthen its brand presence.
- Pixxel, a spacetech startup, raised $24 million in Series B to launch commercial hyperspectral satellites and grow its AI-driven platform.
- India-based Stage secured $10 million in Series B to expand its hyper-local OTT content and acquire new subscribers across regional markets.
Mintifi Secures $180 Million in Series E to Boost Supply Chain Financing
Mumbai-based Mintifi has raised $180 million in a Series E funding round co-led by Teachers’ Venture Growth (TVG) and Prosus, with participation from Premji Invest.
Mintifi specializes in supply chain financing, providing tailored payment, invoicing, and financial solutions to small and medium enterprises (SMEs) across various industries. The company collaborates with over 300 brands, including Honda, TVS, and Parle Products, streamlining financial workflows in the last-mile distribution network.
The new funding will support Mintifi in diversifying its offerings with dealer management systems, loans against property, and factoring services, leveraging AI to enhance user experiences. The startup also plans to scale its operations in preparation for an IPO within the next three years.
