INFOGRAPHIC: Top Asian Startup Funding — Week 34
These are the funding deals we tracked in the Asian region this week – including Livpure, Hangyo, Axio, Fresh Bus, and DiMuto
- Livpure's Gets $28 Million Boost to Expand Its Home Appliance Empire
- Hangyo Ice Cream Raises $25 Million to Boost Expansion in South India
- Axio Raises $20 Million to Fuel Growth and Expand Lending Operations
- Fresh Bus Raises $10.5 Million to Accelerate Electric Bus Deployment
- DiMuto Secures $5.9 Million to Expand Food Supply Chain Solutions
Livpure's Gets $28 Million Boost to Expand Its Home Appliance Empire
Livpure, a leading Indian manufacturer of water purifiers and air conditioners, has secured $28 million in funding. This investment will fuel product development, and market expansion, and cater to evolving consumer needs.
Founded in 2012 by Rakesh Malhotra and Navneet Kapoor, Livpure has been steadily making waves in the home appliances market. The company offers a diverse range of products, from water purifiers and air coolers to kitchen appliances and even mattresses.
So far, Livpure has a proven track record of innovation and has experienced significant growth in recent years. The company's water purifiers have been a key revenue driver, accounting for over 80% of its total collection.
With this latest injection of capital, the company plans to accelerate its growth and solidify its position as a leading player in the industry. The funding positions the company to continue its success and become a major player in the Indian home appliances industry.
