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Vanessa Tan · · 3 min read

11 startup funding rounds in Asia last week

Funding Weekly - 720px

We kick off September with 11 startups getting funded in the region – with FreeCharge notching the biggest round with an extra US$33 million in its pockets.

1. XAircraft | China

Personal drone maker XAircraft announced a US$20 million series A funding round led by Chengwei Capital. The Chinese startup makes several models of drones ranging from hobbyist quadcopters to professional aerial photography rigs.

2. Mayi Zhaopin | China

Mayi Zhaopin, a Chinese startup that aims to help solve hiring woes for small and medium-sized businesses, has received RMB 3 million (US$489,000) in angel funding from Suzhou Tianbang.

3. Suishouji | China

Chinese bookkeeping app Suishouji announced it raised an unspecified “millions of dollars” in series B funding led by Fosun Capital with participation from series A investor Sequoia Capital China. Suishouji is an app that helps users better control their spending habits, and currently has over 120 million registered users with three million active ones. The new money will be used in data mining and opening up data collected from Suishouji.

4. FreeCharge | India

India-based startup FreeCharge gifts freebies to users who recharge their prepaid mobile phones, direct-to-home satellite television connections, or data cards on the site. It raised US$33 million in series B funding from Sequoia Capital, Belgium-based Sofina, and Russia’s Ru-Net.

5. Valuklik | Indonesia

East Ventures has invested an undisclosed amount in Valuklik, an Indonesia-based online agency that offers SEO, SEM, and advanced analytics services to clients. The Valuklik team will use the cash to strengthen expand its offerings to paid social and mobile marketing. (Disclosure: East Ventures is also an investor in TechinAsia. See our ethics page for more information.)

6. BDC Media | Indonesia

BDC Media is best known for the humor site Malesbanget, which has become one of Indonesia’s most popular viral content sites in terms of traffic. Run by Indonesian celebrity Christian Sugiono as CEO, the startup has raised new funding of an undisclosed amount led by Rebright Partners, and followed by 500 Startups. This is the second round of funding since MBDC’s seed investment in 2011 from Nusantara Capital Incubator.

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Community Writer

Vanessa Tan

Vanessa currently leads marketing for Xiaomi Indonesia and has led product marketing and product PR for Xiaomi Global prior to her current role. She is a proud Tech in Asia alumnus too!