Top 10 Asian Startups Funding Roundup: Over $1.2 Billion Raised This Week

Firmus Technologies raised US$505 million led by Coatue Management with Nvidia co-investing, valuing the company at US$5.5 billion — its third equity raise in six months and total capital of US$1.35 billion in that period. The company builds AI Factories: high-density data centres using GPU clusters and liquid immersion cooling. Funds will power Project Southgate, a renewable-energy campus targeting 1.6 gigawatts of capacity across Tasmania, Melbourne, Sydney, Canberra and Perth within three years, deploying 36,000 Nvidia accelerator chips in phase one. Firmus also holds a US$10 billion debt facility from Blackstone and Coatue, and is preparing an ASX IPO targeting a further US$2 billion in mid-2026.

Beijing's ShengShu Technology raised 2 billion yuan (~US$292.6M) in a Series B led by Alibaba Cloud, with Baidu Ventures, TAL Education Group, Andon Haitang, China Internet Investment Fund, and Luminous Ventures co-investing. The startup builds world models — AI systems trained on video and multimodal data to simulate physical reality, critical for robotics and autonomous vehicles. Its flagship Vidu AI video tool ranks among the global top 10 AI video generators. ShengShu also open-sourced Motus, a robot control platform, in December 2025, and its products reach users across 200+ countries.

Bengaluru-based KreditBee raised US$280 million in a Series E led by Motilal Oswal Alternates, Hornbill Capital, and MUFG-backed Dragon Funds, joining India's unicorn club with a US$1.5 billion valuation — the country's first unicorn of FY27. The round saw nearly 3x oversubscription. Founded in 2016, the platform has 230 million+ app downloads, 18 million+ loan customers, and 60 million+ loans disbursed. FY25 revenue was ₹2,712 crore with ₹473 crore net profit — a 66% year-on-year jump. Fresh capital targets MSME and secured lending expansion, AI-driven underwriting, and a planned IPO in FY27.

Shenzhen's SpinQ Technology closed a 600 million yuan (~US$83M) Series C+ round, bringing total Series C funding to nearly 1 billion yuan (~US$145M) in three months. Backed by Cornerstone Capital, Guotai Junan Innovation Investment, and Sichuan Zhenxing Group, SpinQ is one of the world's few companies mastering both superconducting and NMR quantum technologies. Its products are deployed in 200+ institutions across 40+ countries. Q1 2026 orders grew 80% year-on-year, with superconducting business now 65% of revenue. The company was the first in China to export a complete superconducting quantum system internationally.

Lucky raised US$23 million in a Series B combining equity and debt, backed by a mix of existing and new investors. The leading fintech company targets underserved consumers with accessible digital financial products and payment solutions across emerging Asian markets. The hybrid capital structure supports both growth investment and operational liquidity.

AI startup Nava secured US$22 million in a Series A led by Greenoaks Capital — a globally respected technology fund known for backing transformative companies including Coupang and Figma. The validation from Greenoaks at Series A stage signals strong institutional conviction in Nava's AI-powered workflow automation platform. Funds support product development, engineering talent, and initial market expansion.

Food delivery startup Haat raised approximately US$20 million, reaching a post-investment valuation of ~US$100 million. The company is building hyperlocal delivery infrastructure connecting consumers with local vendors and restaurants. At a $100 million valuation, Haat is at a key inflection point for scaling unit economics and expanding into Tier-2 and Tier-3 cities across Asia.

Singapore-based OnSite raised S$1.7 million (~US$1.3M) in a seed round led by Tin Men Capital, a Singapore-focused early-stage B2B software fund. OnSite digitises construction project management — a sector worth over S$30 billion annually in Singapore and undergoing rapid transformation driven by the BCA's smart construction mandate. Funds target product refinement and early customer acquisition.

Injewelme secured US$1.2 million led by Catalytic Capital for Climate and Health (C3H), a Temasek Trust initiative focused on impact investing, with UK-based Richardson Family Office also participating. The Singapore AI healthtech startup applies AI to personalised health monitoring and preventive care — a high-demand space as Asia's ageing populations drive adoption of proactive, data-driven wellness solutions.

Saudi Arabia's Maison Safqa raised US$620,000 in a pre-seed round for its time-limited flash-sale platform for premium and luxury brands. Operating in the GCC — where the luxury goods market is projected to exceed US$4 billion by 2028 — Maison Safqa combines the urgency of flash commerce with aspirational luxury retail. Saudi Vision 2030 has accelerated digital retail adoption, making the timing particularly strategic.