Welcome to Tech in Asia’s Daily newsletter, your essential dose of Asia’s tech and startup buzz. Not on the mailing list? Register here. Got a story tip? Send it to editors@techinasia.com.
Hello reader,
Electric-vehicle makers and cancer detection specialists are among the top-funded companies this week, and I’m always happy to find out about anyone working on solutions that directly impact humans’ quality of life.
In a world that feels so topsy-turvy, all we can do is our best. And if that includes taking minute steps towards solving climate change and the big health bugbears, that makes every day more worthwhile.
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by country
🇨🇳 Yangtze Memory Technologies Co., a major manufacturer of flash memory chips in China, disclosed a US$219 million investment from Hebei Yangyuan Zhihui Beverage Co., which was made through its subsidiary Wuhu Wenming Quanhong Investment Management.
🇮🇳 Indian EV maker Ather Energy has raised US$156.94 million from anchor investors ahead of its IPO. Notable backers included SBI, Abu Dhabi Investment Authority, Invesco, Franklin Templeton, ICICI Prudential, Morgan Stanley, and Societe Generale.
🇯🇵 Japan-based Craif has secured US$22 million in its series C round to expand its early cancer detection technology into the US and boost research and development. The healthtech firm’s fundraise was led by existing investor X&KSK, with participation from the Unreasonable Group, Tauns Laboratories, Daiwa House Industry, and Aozora Bank Group.
🇭🇰 Terminal 3, a Web3 startup based in Hong Kong, has raised US$8 million in seed funding to enhance its data privacy and security protocols. The round was co-led by Illuminate Financial and CMCC Titan Fund, with contributions from Animoca Brands, Progression Fund, IDG Blockchain, and Cherubic Ventures.
🇵🇰 Pakistani healthtech startup MedIQ has raised US$6 million in a series A round led by Rasmal Ventures from Qatar and Joa Capital from Saudi Arabia, with additional investments from existing backers.
M&As
Startups that are raising funds
Behind the Glasswall
Founders and accelerator experts reveal what sets lasting firms apart
Exclusive listicles
Thoughtful Tidbits
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
📅 Upcoming Events
22 October 2026
Payoneer x CSPN Summit 2026