7 startup funding rounds in Asia last week



We’ve a few new additions to our Tech in Asia family in the past week: David Corbin who will cover Japan, Leighton Cosseboom in Indonesia , and Ezra Ferraz in the Philippines.

Top winners in terms of funding last week include Gumi from Japan and Gewara from China.

1. TripHobo | India

Indian travel startup TripHobo has secured series A funding of over US$1 million from Kalaari Capital. The two-year-old portal lets travelers share itineraries and plan their tours better. TripHobo currently has more than 25,500 curated and verified itineraries written by travelers, covering about 10,000 tourist hotspots in 170 cities around the globe.

2. Plaid | Japan

Femto Global Ventures announced an investment of nearly ten percent of its US$16 million fund into Plaid, a real-time web analytics firm still in closed beta testing. Plaid claims it will enable online merchants to approach potential customers in much the same way as how a real store manager can observe customers before making contact to entice a sale.

3. Gumi | Japan

Tokyo-based mobile game developer Gumi secured a JPY 5 billion (US$49 million) fundraising round led by Silicon Valley VC World Innovation Lab (WiL). Sega Networks also took part in the latest investment and will reportedly aid Gumi with further expansion into US and international markets. JAFCO, B Dash Ventures, Shinsei Business Investment, GREE, Mitsubishi UFJ Capital, and DBJ Capital also participated.

4. Gewara | China

China’s online ticketing service Gewara secured a RMB 200 million (US$32 million) series C funding from China Media Capital. The new funding will be used to improve and expand its services into third and fourth-tier cities.

5. Xiaohongshu | China

Xiaohongshu, an app for smarter overseas shopping, revealed a seven-digit series A funding led by an existing angel investor from Silicon Valley, with follow-on funding from ZhenFund.

6. 91Jinrong | China

Financial platform 91jinrong announced it has completed a new round of funding led by Haitong, with participation from existing investors such as CBC Capital and Matrix Partners.

7. Vpon | Taiwan

Vpon, a startup with offices in Taipei and Shanghai that builds a widely-used mobile ad platform throughout greater China, secured US$10 million in funding from a group of Asian banks and financial institutions.

Editing by Steven Millward and Josh Horwitz
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