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10 startup funding rounds in Asia last week

FUNDING_WEEKLY

It’s Monday, which means it’s time for our regular recap of funding rounds from last week. Familiar names include Thailand’s Wongnai and Korea’s Send Anywhere. Have a great week ahead!

1. Wongnai | Thailand

Thailand’s leading restaurant review site Wongnai has secured funding from the investment subsidiary of Recruit Holdings. This marks Wongnai’s second investment from the Japan-based firm, following an earlier round in May 2013. The funding amount was not disclosed. According to CEO and co-founder Yod Chinsupakul, the company’s valuation has increased more than twofold from last year.

2. WeComics | China

China’s Bitstrips clone, WeComics, has wrapped up US$1.5 million in funding. The investor behind the round is not yet known.

3. SmellMe | China

China’s social networking app for pets SmellMe has secured US$1.6 million in pre-series A funding from ChinaVenture Group to help grow its current base of 500,000 registered users.

4. Shakr | Korea & United States

Seoul and San Francisco-based startup Shakr, which builds a platform that allows you to create videos easily, announced it secured its latest funding round from POSCO Venture Capital. No financial details have been revealed, but the startup has already secured a total of US$3 million in funding that will help the team expand its business to serve other industries.

5. Send Anywhere | Korea

File-sharing app Send Anywhere revealed it raised a US$1 million seed round led by Rakuten Ventures. The new funding will be used to ramp up its userbase globally and improve its features.

6. iYogi | India

Remote and on-demand tech support firm iYogi has raised US$28 million in series E funding from Axon Partners, Madison India Capital, and existing investors. With the new money, iYogi expects to double its revenue in the next two years.

7. Job178 | Taiwan

Japanese internet company Mixi’s investment arm, I Mercury Capital, announced it invested an undisclosed amount in Loyal Sun Holdings, the company behind Taiwanese recruitment site Job178. According to The Bridge, the company has been rapidly expanding, acquiring over 3,000 Taiwanese companies as its clients.

8. Nagisa | Japan

Tokyo-based mobile game developer Donuts announced it invested an undisclosed sum in Nagisa. According to The Bridge, the investment appears to be worth about US$1 million, based on Nagisa’s corporate profile and past funding history.

9. Yummy.com | China

Amazon has invested US$20 million in Shanghai-based ecommerce site Yummy77, which specializes in selling perishable groceries like meats and fruits.

10. Stand Culture | China

36Kr reports that Stand Culture, a software firm that makes various soccer-related apps for team management, has completed a seed round of RMB 3 million (about US$480,000) from an undisclosed angel investor.

Editing by Josh Horwitz

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