FB Pixel no scriptDeals in brief: Osome extends Series B round, Kasagi Labo lands pre-Series A funding, Husk bags USD 5 million from Mekong Capital, and more | KrASIA

Deals in brief: Osome extends Series B round, Kasagi Labo lands pre-Series A funding, Husk bags USD 5 million from Mekong Capital, and more

Written by Jeff Chay Published on   4 mins read

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

Osome raises USD 17 million in Series B funding

Osome, a Singapore-based bookkeeping and accounting platform for small and medium enterprises, has secured USD 17 million in a Series B extension featuring a mix of equity and debt funding.

Established in 2017, Osome serves over 13,000 SMEs across Singapore, Hong Kong, the UK, the Netherlands, the Philippines, and Malaysia.

This latest round is an extension of a USD 25 million Series B fundraise from December 2022, adding to a total of USD 42 million.

Kasagi Labo lands USD 12 million in pre-Series A funding

Kasagi Labo, an anime-focused venture studio headquartered in Singapore, has raised USD 12 million in a pre-Series A funding round led by Burda Principal Investments.

Founded in 2021, Kasagi Labo delivers authentic Japanese anime content to a global audience through licensing, distribution, and merchandising. The company will use the capital to fund new anime productions and acquire anime IPs for widespread distribution.

Husk nets USD 5 million investment from Mekong Capital

Husk, a Cambodian biochar and biofertilizer producer, has secured a USD 5 million investment from Mekong Capital’s Mekong Enterprise Fund IV.

Husk leverages technology to produce biochar, carbon-based fertilizers, and crop protection products, with the goal of helping farmers address challenges related to yield gaps, pests, diseases, poor soil, and nutrient management caused by climate change.

The company aims to use the investment to set up a new production facility in Vietnam, where it aims to introduce products targeting rice and coffee. Its goal is to offer at least ten effective products catering to various crops by 2030.

Wefaa Robotics secures seed funding

Wefaa Robotics, a Singapore-based edtech startup specializing in the development of robots to support STEM and artificial intelligence education, has raised an undisclosed amount in seed funding, co-led by Zelos Megatrends Fund and SUTD Venture Holdings.

Wefaa will use the investment to enhance its capabilities, establish strategic partnerships, and grow its customer base, with a view to bringing its products to more than 30 countries in the coming year.

Recent deals completed in China:

  • Liangbaba, a B2B e-commerce platform for agricultural products, has secured over RMB 100 million in a Series A funding round from two funds managed by Zhaoken Capital. Zhonghui was the appointed financial advisor for this round. 36Kr
  • GMT Automation Technology, a Huzhou-based company offering products and solutions for the automotive industry, has raised over RMB 400 million in a Series B funding round. The round was led by Vision Plus Capital, with follow-up investments from Changxing Jingfa, and existing shareholders Orient Jiafu Asset Management and Haibang Venture, among others. —36Kr
  • Yipu New Energy Technology, a Shanghai-based green energy solutions provider, has secured RMB 10 million in a Series A funding round from Intelligence Capital. The company plans to utilize the funds for R&D, market expansion, and the strengthening of its talent pool. —36Kr

Latest deals in India:

  • SolarSquare, a Mumbai-based rooftop solar startup, has secured USD 4.2 million in funding from Zerodha, Gruhas, Lowercarbon Capital, and Good Capital. —Entrackr
  • Battery Smart, a Gurugram-based battery swapping company, has raised USD 45 million in a funding round led by Acacia Inclusion, with participation from MUFG Bank, Blume Ventures, The Ecosystem Integrity Fund, and British International Investment (BII). —Entrackr
  • The Betel Leaf, a Bengaluru-based retailer of betel quid products, has raised USD 1.2 million in a bridge funding round jointly led by Inflection Point Ventures and Venture Catalysts. —Entrackr
  • InstaAstro, a Noida-based platform for astrology services, has raised USD 2.3 million in a pre-Series A funding round led by existing investor Artha Venture Fund. The round also saw participation from LogX Ventures, Singularity Ventures, InfraRed Capital Partners, Blume Founders Fund, and Aloke Bajpai. —Inc42
  • Gramophone, a Gurugram-based omnichannel supplier of agricultural inputs, has secured a USD 1.8 million investment from Noida-based technology holding company Info Edge. The deal increases Info Edge’s stake in Gramophone to 39.5%. —Inc42
  • Matel, a Pune-based producer of electric vehicle components, has raised USD 4 million in a Series A funding round led by Transition VC, with participation from Gruhas and Haresh Abichandani (Millennium Semiconductor). —Inc42
  • Orbo, a Mumbai-based enterprise tech startup, has sold its fintech-centered AI platform, SuperScan, to Niyogin Fintech, also based in Mumbai, for an undisclosed sum. —Inc42

Stupa, Chainstack, Red Health, and more led yesterday’s headlines:

  • Stupa Sports Analytics, a Gurugram-based sports tech company, secured INR 280 million (USD 3.4 million) in a pre-series A funding round co-led by Centre Court Capital and PeerCapital.
  • Chainstack, a Singapore-based blockchain infrastructure provider, secured strategic funding from SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures. The sum was undisclosed.
  • Red Health, an Indian medical response platform, raised USD 20 million in a Series B funding round. The round was led by Jungle Ventures, with participation from HealthQuad, HealthX, and Alteria Capital.

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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