FB Pixel no scriptDeals in brief: Hitseries Capital backs Vietnam-based WeSale, LiveIn extends pre-Series B round, Zypp Electrics raises USD 15 million, and more | KrASIA

Deals in brief: Hitseries Capital backs Vietnam-based WeSale, LiveIn extends pre-Series B round, Zypp Electrics raises USD 15 million, and more

Written by Marvin Goh Published on   3 mins read

Bringing you the latest updates on funding deals and activities in the Asia Pacific.

WeSale bags seed funding from Hitseries Capital

WeSale, a Vietnam-based real estate trading platform, has secured an undisclosed amount of seed funding from Singapore-based investor Hitseries Capital. The capital will support WeSale’s product and platform development as well as its market expansion plan.

WeSale’s platform connects individuals and organizations to project owners and developers. The company aims to improve consultations and real estate transactions with the use of its customer relationship management (CRM) technology and generative artificial intelligence tools.

LiveIn extends pre-Series B round

LiveIn, a Malaysia-based prop tech company focused on serving the long-stay rental community, has raised USD 2.6 million from Korea Investment Partners in an extended pre-Series B funding round. This investment follows its USD 8.3 million round completed in December 2023, which was jointly led by Wavemaker Partners and InterVest, with participation from Malaysia Debt Ventures, Jungle Ventures, and CAC Capital.

Having begun its expansion to Vietnam and Thailand, LiveIn will utilize the fresh capital to broaden its footprint by entering the Indonesian market this year.

Zypp Electric raises USD 15 million

Zypp Electric, an India-based logistics company using electric vehicles for deliveries, has raised USD 15 million as part of its Series C funding round, according to VCCircle. The round was led by Japanese investor Eneos, with participation from existing investors 9Unicorns, IAN Fund, Venture Catalysts, and We Founder Circle.

The investment is part of an ongoing USD 50 million Series C round, split into USD 40 million in equity and USD 10 million in debt.

Zypp Electric plans to expand its services to 15 cities across India and increase the size of its electric scooter fleet from 21,000 to 200,000 vehicles.

[Updated] Turno secures USD 6 million in BII-led round

Turno, a Bengaluru-based EV distribution and financing company, has secured USD 6 million in an extension to its Series A funding round. The investment was jointly led by British International Investment (BII) and Quona Capital, with support from Stellaris Venture Partners and B Capital.

Update: In our initial report of Turno’s fundraise, we reported that the company raised USD 5.5 million in an unspecified round, led by British International Investment, based on a report by Entrackr. This news brief has been edited to reflect the actual round size and type, according to an update provided by Turno.

Recent deals completed in China:

  • Histo, a Shanghai-registered pathology solutions provider, has snagged an eight-figure RMB sum in a Series B+ funding round. The investors include Puhua Capital and Changxing Financial Holdings. The company will utilize the proceeds to enhance its solutions to meet evolving market demands. 36Kr
  • Xiangya Biomedicine, a Huzhou-based medtech company, has secured close to RMB 100 million (USD 13.8 million) in a Series A funding round. 36Kr
  • Deep Blue Aerospace, a Nantong-headquartered aerospace enterprise specializing in reusable liquid rocket engines, has bagged a nine-figure RMB sum in Series B and Series B1 funding. The investors include Founder H Fund and Jigang Dongtai Fund, among other institutions. 36Kr
  • iSheji, a generative AI company and developer of AI productivity tool AiPPT, has raised an undisclosed sum in a Series B1 funding round. Visual China Group led this round with the support of Star Chain Capital and 36Kr. This is the fourth round of financing that iSheji has secured in just four years. Previously, iSheji had received investments from Cherubic Ventures, Microdreams, Visual China Group, Albatross Venture, Ceyuan Ventures, AAMA Fund, and other strategic investors. 36Kr

Scale AI, Chequer, Papa Mobility, and more led yesterday’s headlines:

  • Scale AI, an artificial intelligence data infrastructure company, raised USD 1 billion in a financing deal that has brought its valuation to USD 13.8 billion. The deal was led by Accel, with participation from Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia, Tiger Global Management, Greenoaks, and Wellington Management.
  • Chequer, a developer of cloud-native security solutions, announced the completion of its strategic investment round, securing USD 27.8 million. The investors include Shinhan Venture Investment, Salesforce Ventures, and Z Venture Capital.
  • Papa Mobility, a ride-hailing platform for socially disadvantaged people, is reportedly close to securing KRW 12.4 billion (USD 9.1 million) in investment from South Korea’s Kolon Group, as part of a June 6 rights offering to raise up to KRW 13.8 billion (USD 10.1 million).

If there are any news or updates you’d like us to feature, get in touch with us at: [email protected].


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