We ended August with a big bang as we saw 17 startups get funded in the last week of the month. The biggest winner has got to be India’s messaging app Hike, with US$65 million funding raised in its latest round.
Xingyun, a Chinese niche social network for people interested in the arts and entertainment industry, has just raised an RMB 40 million (US$6.5 million) series A round of funding led by Shenzhen Capital Group.
China’s first big data credit assessment startup, Wecash, has raised RMB 40 million yuan (US$6.5 million) from IDG Ventures.
Itugo, a site that recommends fashion and lifestyle brands to women, bagged an undisclosed amount of funding from Matrix Partners China, InCapital, and a fund managed by the Chinese Academy of Sciences.
Online city directory WeYap has received an undisclosed amount of seed funding from Mountain SEA Ventures. The site was beta launched on August 18, one day after Indonesia’s independence day.
Indonesian travel startup Tripvisto, has secured an undisclosed amount of seed funding from East Ventures. The team will use the money to hire more employees and to improve their products. (Disclosure: East Ventures is also an investor in TechinAsia. See our ethics page for more information.)
6. Hike | India
Hike, the Indian answer to WhatsApp, Line, and WeChat, has just raised its largest round of funding: US$65 million led by Tiger Global Management. Bharti SoftBank (BSB), a joint venture of Bharti Enterprises and Japan’s Softbank Corporation, also participated in the latest round. Earlier, Hike had raised US$7 million in 2013, and another US$14 million in April this year from BSB.
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