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1. TRACXN TOP BUSINESS MODELS REPORT
January 04, 2022
ASIA TECH

2. Asia Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Contents
AsiaAsia Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Asia Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Funding in last 1 year
3
Online Grocery $11.8B
Logistics Tech $9.5B
Payments $8.3B
Autonomous Vehicles $6.3B
Crop Tech $5.6B
Cybersecurity $5.5B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
LetsVenture
AngelList
111
75
67
Early
Stage
Sequoia Capital
Matrix Partners China
Insight Partners
63
34
30
Late
Stage
Sequoia Capital
Tiger Global Management
Temasek
71
54
39
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Flipkart
(2007, )
$3.6B - Series J
Xingsheng Community
Ne..
(2009, )
$3.0B - Series D
Hunan Xingsheng Prefer..
(2018, )
$3.0B - Series D
J&T Express
(2015, )
$1.8B - Series D
Yanolja
(2005, )
$1.7B - Series E
Horizon Robotics
(2015, )
$1.5B - Series C
FWD
(2013, )
$1.4B - PE
Lalamove
(2013, )
$1.3B - Series F
Swiggy
(2014, )
$1.3B - Series J
Paytm
(2010, )
$1.1B - Series H
JiChuang North
(2008, )
$1.0B - Series E
Unisoc
(2001, )
$815M - Series E
Bangalore (15%)
Beijing (10%)
Shanghai (8%)
Singapore (6%)
Tel Aviv (6%)
Others (55%)

4. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Asia Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲13 Multi Products Marketplaces $4.3B 20 Flipkart | $3.6B | Series J Link
2▲6 B2C Fruits and Vegetables Group Buying Platforms $4.2B 4 Hunan Xingshe.. | $3.0B | Series D Link
3<> 0 Car Ride Hailing $3.2B 18 Cao Cao Car | $589M | Series B Link
4▲14 Online B2C Grocery Group Buying $3.0B 3 Xingsheng Com.. | $3.0B | Series D Link
5▲2 Digital Wallets $2.9B 33 Paytm | $1.1B | Series H Link
6▲52 Automotive SoC $2.7B 7 Horizon Robot.. | $1.5B | Series C Link
7▲53 Autonomous Cars $2.3B 20 Momenta | $500M | Series C Link
8▲3 Online Test Preparation Courses $2.1B 10 BYJU'S | $460M | Series F Link
9▼5 Drugs for Multiple Cancer Types $1.8B 61 Clover Biopha.. | $230M | Series C Link
10▼9 Electric Car Manufacturers $1.8B 8 Leap Motor | $694M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Asia Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲548 Hotel Aggregators $1.7B 4 Yanolja | $1.7B | Series E Link
12▲19 Web Based Platform for Doctor Consultation $1.6B 17 Miaoshou Doctor | $466M | Series E Link
13▼1 Food Ordering Platforms $1.6B 9 Swiggy | $1.3B | Series J Link
14▲41 Cloud Infrastructure Security $1.2B 10 Orca Security | $340M | Series C Link
15▲49 Online Marketplace for Drugs $1.2B 18 PharmEasy | $300M | Series D Link
16▲448 Online Professional Learning Courses $1.2B 22 EMERITUS | $650M | Series E Link
17▼12 B2C Hyperlocal Delivery $1.1B 6 Grab | $375M | Series H Link
18▲69 POS Payment Terminals $1.1B 14 Pine Labs | $600M | Series E Link
19▲61 Cloud Security $1.1B 14 Orca Security | $340M | Series C Link
20▲433 Social Reselling Platforms $936M 9 Meesho | $570M | Series F Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Asia Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲11 Online Business Payments $914M 23 Razorpay | $375M | Series F Link
22▼13 Card Linked Digital Wallets $868M 7 Grab | $375M | Series H Link
23-- Internet First Working Capital Loans Marketplaces $857M 7 OfBusiness | $325M | Series G Link
24▼5 SoC IoT $831M 8 Unisoc | $815M | Series E Link
25▲28 C2B Used Cars Marketplaces $812M 3 CARS24 | $342M | Series F Link
26▲31 P2P Used Cars Marketplaces $781M 5 CARRO | $360M | Series C Link
27▲23 Machine Learning Platforms $757M 9 4Paradigm | $700M | Series D Link
28▲204 HRMS for Enterprises $753M 8 Beisen | $260M | Series F Link
29▲138 Video Based Online Health Information Platforms $697M 2 Miaoshou Doctor | $466M | Series E Link
30▲4 Fantasy Sports Platforms $673M 10 Dream11 | $400M | Series F Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Asia Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲214 Crypto Exchanges $663M 22 CoinSwitch | $260M | Series C Link
32-- CPG Brands Analytics $640M 2 Trax | $640M | Series E Link
33-- In-Store Retail Analytics $640M 1 Trax | $640M | Series E Link
34-- Endpoint Security $610M 5 Cybereason | $275M | Series F Link
35▲121 Business Payments Solutions $605M 15 VNPAY | $250M | Series B Link
36▲139 P2P Second Hand Goods Marketplaces $600M 4 Zhuan Zhuan | $390M | Series C Link
37▼17 Residential Real Estate Listings $598M 8 Anjuke | $250M | Series E Link
38-- E-Commerce Rollups $589M 20 Mensa Brands | $135M | Series B Link
39▲73 Cloud Management Platforms $583M 7 Casicloud | $405M | Series D Link
40▲491
Internet First Retail Banks with Partner Bank's
License
$579M 23 TSLC | $200M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Asia Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▲230 Commercial Cleaning Robots $575M 8 Gaoxian Techn.. | $188M | Series C Link
42▼21 Life Sciences Research Services $572M 22 TransThera Bi.. | $100M | Series D Link
43▲93 Horizontal B2B Marketplaces $547M 20 udaan | $280M | Series D Link
44▲496 Vacuum Cleaning Robots $536M 1 Dreame | $536M | Series C Link
45▲140 Value Based Chronic Care Management $516M 2 Medlinker | $514M | Series E Link
46▲35 LiDAR $514M 7 Hesai Technol.. | $300M | Series D Link
47▲207 Contract Manufacturer Marketplace $510M 5 Zetwerk | $210M | Series F Link
48▲1006 Community Based Shopping Platforms $502M 6 Xiaohongshu | $500M | Series F Link
49-- Electric Aircraft $500M 1 Xiaopeng Huit.. | $500M | Series A Link
50▲317 Lab Grown Meat Substitutes $493M 8 Future Meat T.. | $347M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Multi Products Marketplaces - Asia
01
9
Back to index
Horizontal E-Commerce (JD.com)
(# Cos: 2840 | $33.3B)
Marketplace (Flipkart)
(# Cos: 833 | $24.5B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$4.3B (▲275%)
20(▲42.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
30
$24.5B
149
4
833
15
Flipkart
(2007, $10.8B)
Tokopedia
(2009, $3.3B)
Lazada
(2012, $690M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Flipkart (2007)
$3.6B - Series J - Jul 2021
Bukalapak (2010)
$234M - Series G - Apr 2021
Bukalapak (2010)
$200M - Series G - Jan 2021
Tiki (2010)
$136M - Series E - Oct 2021
Tiki (2010)
$100M - Series E - Jul 2021
Tiki (2010)
$20.0M - Series E - Aug 2021
LoveLocal (2015)
$18.0M - Series A - Oct 2021
View all 20 Funding Rounds on Tracxn Platform

10. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
B2C Fruits and Vegetables Group Buying
Platforms - Asia
02
10
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$4.2B (▲113%)
4(▼42.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.2B
2
-
2
2
Online Grocery (Swiggy)
(# Cos: 4735 | $32.0B)
B2C Ecommerce (bigbasket)
(# Cos: 4073 | $24.6B)
Fruits and Vegetables (Otipy)
(# Cos: 463 | $6.7B)
Social Commerce (Super)
(# Cos: 8 | $6.3B)
Group Buying (Hunan Xingsheng
Preferred E-Commerce)
(# Cos: 2 | $6.2B)
Hunan Xingsheng Prefer..
(2018, $4.9B)
Beijing Shihui Technol..
(2018, $1.2B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hunan Xingsheng Preferred .. (2018)
$3.0B - Series D - Feb 2021
Beijing Shihui Technology (2018)
$750M - Series D - Mar 2021
Hunan Xingsheng Preferred .. (2018)
$300M - Series D - Jul 2021
Hunan Xingsheng Preferred .. (2018)
$100M - Series C - Jan 2021

11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Car Ride Hailing - Asia
03
11
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$3.2B (▲15.4%)
18(▲5.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$41.2B
66
2
724
16
Road Transport Tech (redBus)
(# Cos: 4251 | $61.3B)
Ride Hailing (Gojek)
(# Cos: 1341 | $48.3B)
Cars (Didi)
(# Cos: 1170 | $43.2B)
Taxi (Ola)
(# Cos: 1082 | $43.0B)
Intracity (Careem)
(# Cos: 875 | $43.0B)
Aggregator (Grab)
(# Cos: 724 | $41.2B)
Grab
(2012, $10.4B)
Careem
(2012, $772M)
Ola
(2010, $3.9B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cao Cao Car (2015)
$589M - Series B - Aug 2021
Ola (2010)
$500M - Series J - Jul 2021
Kakao Mobility (2017)
$478M - Series C - Mar 2021
Grab (2012)
$375M - Series H - Jul 2021
Didi (2012)
$300M - Series I - Jan 2021
Grab (2012)
$300M - Series H - Jan 2021
Kakao Mobility (2017)
$200M - Series C - Feb 2021
View all 18 Funding Rounds on Tracxn Platform

12. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Online B2C Grocery Group Buying - Asia
04
12
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$3.0B (▲326%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.1B
6
-
9
3
Online Grocery (Milkbasket)
(# Cos: 4735 | $32.0B)
B2C Ecommerce (Licious)
(# Cos: 4073 | $24.6B)
Multi Category (Swiggy)
(# Cos: 2246 | $16.0B)
Retailer (bigbasket)
(# Cos: 1413 | $14.2B)
Group Buying (WEBUY)
(# Cos: 9 | $4.1B)
WEBUY
(2018, $9.0M)
Xingsheng Community Ne..
(2009, $3.7B)
Gobillion
(2020, $2.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Xingsheng Community Networ.. (2009)
$3.0B - Series D - Feb 2021
Gobillion (2020)
$2.9M - Seed - Sep 2021
Mio App (2020)
$1.0M - Seed - May 2021

13. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Paytm (2010)
$1.1B - Series H - Nov 2021
Toss (2015)
$410M - Series F - Jun 2021
Grab (2012)
$375M - Series H - Jul 2021
Mynt (2015)
$300M - Series D - Nov 2021
Grab (2012)
$300M - Series H - Jan 2021
Gojek (2010)
$300M - Series H - May 2021
MoMo (2007)
$200M - Series E - Dec 2021
View all 33 Funding Rounds on Tracxn Platform
Digital Wallets - Asia
05
13
Back to index
Payments (Razorpay)
(# Cos: 3378 | $74.8B)
Consumer Payments (PhonePe)
(# Cos: 1298 | $63.4B)
Wallets (Grab)
(# Cos: 516 | $60.9B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$2.9B (▲31.7%)
33(▼2.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
23
$60.9B
97
4
516
27
Grab
(2012, $10.4B)
PhonePe
(2012, $700M)
Gojek
(2010, $4.9B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Horizon Robotics (2015)
$1.5B - Series C - Jun 2021
Horizon Robotics (2015)
$400M - Series C - Jan 2021
Horizon Robotics (2015)
$350M - Series C - Feb 2021
Black Sesame Technologies (2016)
$231M - Series C - Apr 2021
Nanjing Core Semiconductor.. (2018)
$154M - Series B - Jul 2021
AutoChips (2013)
$15.4M - Series B - Aug 2021
Black Sesame Technologies (2016)
Undisclosed - Series C - Sep 2021
Automotive SoC - Asia
06
14
Back to index
Analog and Mixed Signal ICs (Celeno)
(# Cos: 503 | $9.1B)
System on chip (MediaTek)
(# Cos: 176 | $7.0B)
Automotive (Mobileye)
(# Cos: 12 | $4.2B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$2.7B (▲1087%)
7(▲133%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$4.2B
9
2
12
3
Mobileye
(1999, $530M)
Horizon Robotics
(2015, $3.1B)
Black Sesame Technolog..
(2016, $346M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Momenta (2016)
$500M - Series C - Nov 2021
Momenta (2016)
$500M - Series C - Mar 2021
WeRide (2017)
$330M - Series C - Jun 2021
WeRide (2017)
$310M - Series C - May 2021
Momenta (2016)
$300M - Series C - Sep 2021
ZongMu Technology (2013)
$190M - Series D - Jun 2021
Freetech (2016)
$100M - Series A - Jul 2021
View all 20 Funding Rounds on Tracxn Platform
Autonomous Cars - Asia
07
15
Back to index
Autonomous Vehicles (Innoviz)
(# Cos: 233 | $10.6B)
Self Driving Technology (Momenta)
(# Cos: 71 | $3.2B)
Cars (WeRide)
(# Cos: 46 | $2.9B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$2.3B (▲959%)
20(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.9B
26
1
46
13
WeRide
(2017, $892M)
Momenta
(2016, $1.3B)
Tier Ⅳ
(2015, $230M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Online Test Preparation Courses - Asia
08
16
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$2.1B (▲19.7%)
10(▼41.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$5.2B
39
-
424
5
Test Preparation Tech (Toppr)
(# Cos: 1979 | $6.6B)
Digital Learning (Vedantu)
(# Cos: 1822 | $6.5B)
Diversified (BYJU'S)
(# Cos: 486 | $5.9B)
Self-Paced (Unacademy)
(# Cos: 424 | $5.2B)
Unacademy
(2015, $881M)
BYJU'S
(2011, $3.6B)
Toppr
(2013, $107M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BYJU'S (2011)
$460M - Series F - Mar 2021
Unacademy (2015)
$440M - Series H - Aug 2021
Fenbi (2012)
$390M - Series A - Feb 2021
BYJU'S (2011)
$340M - Series F - Jun 2021
BYJU'S (2011)
$301M - Series F - Sep 2021
BYJU'S (2011)
$130M - Series F - Dec 2021
BYJU'S (2011)
$50.0M - Series F - Jun 2021
View all 10 Funding Rounds on Tracxn Platform

17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Clover Biopharma (2007)
$230M - Series C - Feb 2021
EpimAb Biotherapeutics (2015)
$120M - Series C - Mar 2021
IASO BIO (2017)
$108M - Series C - Sep 2021
Ionova Life Science (2017)
$100M - Series B - Aug 2021
Adlai Nortye (2014)
$100M - Series D - Jul 2021
TransThera Biosciences (2016)
$100M - Series D - Jul 2021
Teligene (2011)
$93.0M - Series C - Feb 2021
View all 61 Funding Rounds on Tracxn Platform
Drugs for Multiple Cancer Types - Asia
09
17
Back to index
Oncology (INSIGHTEC)
(# Cos: 747 | $15.0B)
Drugs (ASLAN Pharmaceuticals)
(# Cos: 470 | $11.1B)
Diversified (RedHill Biopharma)
(# Cos: 361 | $8.8B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$1.8B (▼31.7%)
61(▼3.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$8.8B
260
47
361
49
RedHill Biopharma
(2009, $13.5M)
Harbour BioMed
(2015, $313M)
Legend Biotechnology
(2014, $150M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Leap Motor (2015)
$694M - Series C - Aug 2021
Leap Motor (2015)
$664M - Series B - Jan 2021
WM Motor (2015)
$300M - Series D - Oct 2021
WM Motor (2015)
$152M - Series D - Dec 2021
AIWAYS (2017)
$476K - Series D - May 2021
Mean Metal Motors (2014)
$66.1K - Angel - Jul 2021
AIWAYS (2017)
Undisclosed - Series D - Jan 2021
View all 8 Funding Rounds on Tracxn Platform
Electric Car Manufacturers - Asia
10
18
Back to index
Electric Vehicles (Gogoro)
(# Cos: 2181 | $29.8B)
Automaker (Ather Energy)
(# Cos: 1321 | $25.0B)
Cars (Xiaopeng)
(# Cos: 78 | $22.8B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$1.8B (▼50.6%)
8(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$22.8B
36
5
78
14
Xiaopeng
(2014, $2.6B)
NIO
(2014, $1.1B)
Beijing Che Lixing Inf..
(2015, $1.6B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Hotel Aggregators - Asia
11
19
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$1.7B (▲ >10K%)
4(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$5.6B
19
-
43
9
Online Travel (Traveloka)
(# Cos: 5199 | $20.7B)
Accommodation (Treebo Hotels)
(# Cos: 709 | $8.1B)
Hotel (Yanolja)
(# Cos: 396 | $6.1B)
Aggregator (OYO)
(# Cos: 43 | $5.6B)
OYO
(2013, $3.2B)
Yanolja
(2005, $1.9B)
Treebo Hotels
(2015, $83.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Yanolja (2005)
$1.7B - Series E - Jul 2021
Treebo Hotels (2015)
$16.2M - Series D - Jun 2021
OYO (2013)
$7.4M - Series F - Jan 2021
OYO (2013)
$5.0M - Series F - Aug 2021

20. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Web Based Platform for Doctor
Consultation - Asia
12
20
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$1.6B (▲367%)
17( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$3.5B
122
-
814
10
Healthcare Booking Platforms (PharmEasy)
(# Cos: 5572 | $11.3B)
Doctors (Alodokter)
(# Cos: 2485 | $4.9B)
Telemedicine (Doctor Anywhere)
(# Cos: 1340 | $3.8B)
Teleconsultation (Halodoc)
(# Cos: 1267 | $3.8B)
Diversified (Tyto Care)
(# Cos: 814 | $3.5B)
Tyto Care
(2011, $155M)
Halodoc
(2016, $180M)
Doctor Anywhere
(2015, $135M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Miaoshou Doctor (2015)
$466M - Series E - Feb 2021
Miaoshou (2015)
$465M - Series E - Feb 2021
Miaoshou Doctor (2015)
$231M - Series F - Aug 2021
Miaoshou (2015)
$231M - Series F - Aug 2021
Doctor Anywhere (2015)
$104M - Series C - Aug 2021
Halodoc (2016)
$80.0M - Series C - Apr 2021
Tyto Care (2011)
$50.0M - Series D - Mar 2021
View all 17 Funding Rounds on Tracxn Platform

21. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - Asia
13
21
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$1.6B (▲13%)
9(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
34
$9.0B
100
3
637
8
Food Tech (HealthifyMe)
(# Cos: 4132 | $14.2B)
Food Discovery and Ordering (Foodpanda India)
(# Cos: 1884 | $9.5B)
Restaurant Aggregator (Zomato)
(# Cos: 895 | $9.1B)
Platform Delivered (Swiggy)
(# Cos: 637 | $9.0B)
Swiggy
(2014, $2.9B)
Zomato
(2010, $2.1B)
Foodpanda India
(2012, $23.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Swiggy (2014)
$1.3B - Series J - Apr 2021
Zomato (2010)
$252M - Series J - Feb 2021
Barogo (2014)
$71.7M - Series C - Jun 2021
Akeed Delivery (2014)
$2.5M - Seed - Dec 2021
Quix (2019)
$800K - Seed - May 2021
Rodha App (2020)
$399K - Seed - Dec 2021
Jahez (2016)
Undisclosed - Series A - Dec 2021
View all 9 Funding Rounds on Tracxn Platform

22. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Orca Security (2019)
$340M - Series C - Oct 2021
Wiz (2020)
$250M - Series C - Oct 2021
Orca Security (2019)
$210M - Series C - Mar 2021
Wiz (2020)
$130M - Series B - Mar 2021
Wiz (2020)
$120M - Series B - May 2021
Qingteng (2014)
$93.8M - Series C - Jun 2021
Rezilion (2018)
$30.0M - Series A - Sep 2021
View all 10 Funding Rounds on Tracxn Platform
Cloud Infrastructure Security - Asia
14
22
Back to index
Cybersecurity (CyberArk)
(# Cos: 2660 | $14.5B)
Cloud Security (Orca Security)
(# Cos: 61 | $2.0B)
Cloud Infrastructure Security
(Guardicore)
(# Cos: 25 | $1.7B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$1.2B (▲435%)
10(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.7B
16
-
25
7
Guardicore
(2013, $110M)
Orca Security
(2019, $632M)
Wiz
(2020, $600M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Online Marketplace for Drugs - Asia
15
23
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$1.2B (▲490%)
18(▲5.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$3.0B
84
4
963
10
Healthcare Booking Platforms (MyHeritage)
(# Cos: 5572 | $11.3B)
Pharmacies (Netmeds.com)
(# Cos: 1723 | $3.5B)
Drugs (Medlife)
(# Cos: 1003 | $3.0B)
Diversified (PharmEasy)
(# Cos: 963 | $3.0B)
PharmEasy
(2015, $1.1B)
Medlife
(2014, $90.3M)
Netmeds.com
(2015, $109M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PharmEasy (2015)
$300M - Series D - Jun 2021
PharmEasy (2015)
$227M - Series E - Oct 2021
Jingle fast medicine (2014)
$220M - Series C - Jun 2021
PharmEasy (2015)
$163M - Series D - Apr 2021
Shanghai Pharmaceutical (2015)
$160M - Series B - Feb 2021
PharmEasy (2015)
$66.4M - Series D - Feb 2021
PharmEasy (2015)
$44.5M - Series D - Jun 2021
View all 18 Funding Rounds on Tracxn Platform

24. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Online Professional Learning Courses -
Asia
16
24
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$1.2B (▲6637%)
22(▲144%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$2.1B
117
4
966
10
Continued Learning (EMERITUS)
(# Cos: 4525 | $6.0B)
Professional (Edureka)
(# Cos: 2624 | $3.6B)
Online Learning (Eruditus)
(# Cos: 2576 | $3.6B)
Multi Disciplinary (upGrad)
(# Cos: 1050 | $2.1B)
Online Courses (Simplilearn)
(# Cos: 966 | $2.1B)
Simplilearn
(2010, $71.2M)
upGrad
(2015, $477M)
EMERITUS
(2010, $690M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
EMERITUS (2010)
$650M - Series E - Aug 2021
upGrad (2015)
$185M - Series E - Aug 2021
upGrad (2015)
$120M - Series D - Apr 2021
upGrad (2015)
$103M - Series E - May 2021
upGrad (2015)
$40.0M - Series D - Apr 2021
Simplilearn (2010)
$36.0M - Series D - Aug 2021
upGrad (2015)
$29.0M - Series E - Jul 2021
View all 22 Funding Rounds on Tracxn Platform

25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
B2C Hyperlocal Delivery - Asia
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$1.1B (▼56.7%)
6(▼45.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$15.5B
54
-
497
6
Logistics Tech (Delhivery)
(# Cos: 5231 | $43.6B)
Parcel (Gojek)
(# Cos: 1340 | $19.5B)
Hyperlocal Delivery (Shadowfax)
(# Cos: 812 | $17.2B)
B2C (Grab)
(# Cos: 497 | $15.5B)
Grab
(2012, $10.4B)
Shadowfax
(2015, $101M)
Gojek
(2010, $4.9B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Grab (2012)
$375M - Series H - Jul 2021
Grab (2012)
$300M - Series H - Jan 2021
Gojek (2010)
$300M - Series H - May 2021
Airlift Tech (2019)
$85.0M - Series B - Aug 2021
Grab (2012)
Undisclosed - Series H - Feb 2021
Lozi.vn (2014)
Undisclosed - Series C - Feb 2021

26. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
POS Payment Terminals - Asia
18
26
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$1.1B (▲529%)
14(▲40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$3.0B
82
3
258
19
Payments (Grab)
(# Cos: 3378 | $74.8B)
Business Payments (Razorpay)
(# Cos: 1750 | $9.3B)
POS Payments (Moka)
(# Cos: 352 | $3.2B)
POS Payment Terminal (Pine Labs)
(# Cos: 258 | $3.0B)
Pine Labs
(1998, $1.4B)
Ezetap
(2011, $56.1M)
Mswipe
(2011, $105M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pine Labs (1998)
$600M - Series E - Jul 2021
Pine Labs (1998)
$285M - Series D - May 2021
Pine Labs (1998)
$100M - Series E - Sep 2021
NETSTARS (2008)
$66.0M - Series A - Apr 2021
Innoviti (2008)
$55.0M - Series D - Jan 2022
Innoviti (2008)
$5.6M - Series C - Mar 2021
Nearpay (2020)
$2.1M - Seed - May 2021
View all 14 Funding Rounds on Tracxn Platform

27. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Cloud Security - Asia
19
27
Back to index
Cloud Infrastructure (Orca Security)
(# Cos: 320 | $6.4B)
Cloud Security (Guardicore)
(# Cos: 54 | $2.0B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$1.1B (▲467%)
14( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$2.0B
39
-
54
13
Guardicore
(2013, $110M)
Orca Security
(2019, $632M)
Wiz
(2020, $600M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Orca Security (2019)
$340M - Series C - Oct 2021
Wiz (2020)
$250M - Series C - Oct 2021
Orca Security (2019)
$210M - Series C - Mar 2021
Wiz (2020)
$130M - Series B - Mar 2021
Wiz (2020)
$120M - Series B - May 2021
Qingteng (2014)
$93.8M - Series C - Jun 2021
Ermetic (2019)
$70.0M - Series B - Dec 2021
View all 14 Funding Rounds on Tracxn Platform

28. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Social Reselling Platforms - Asia
20
28
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$936M (▲5055%)
9(▲28.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.2B
17
-
37
4
Social Commerce (DealShare)
(# Cos: 280 | $7.0B)
Reselling Platforms (CoutLoot)
(# Cos: 44 | $1.3B)
Multi Category (Shop101)
(# Cos: 41 | $1.2B)
Diversified (Meesho)
(# Cos: 37 | $1.2B)
Meesho
(2015, $1.1B)
Shop101
(2015, $20.3M)
CoutLoot
(2016, $41.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Meesho (2015)
$570M - Series F - Sep 2021
Meesho (2015)
$300M - Series E - Apr 2021
Evermos (2018)
$30.0M - Series B - Sep 2021
CoutLoot (2016)
$25.0M - Series A - Jul 2021
CoutLoot (2016)
$8.0M - Series A - Sep 2021
Zarya (2021)
$1.7M - Seed - Nov 2021
BizzTM (2020)
$1.2M - Seed - Sep 2021
View all 9 Funding Rounds on Tracxn Platform

29. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Razorpay (2014)
$375M - Series F - Dec 2021
Voyager Innovations (2013)
$167M - Series E - Jun 2021
Razorpay (2014)
$160M - Series E - Apr 2021
JusPay (2012)
$60.0M - Series C - Dec 2021
OY! (2017)
$45.0M - Series A - Jul 2021
Episode Six (2015)
$30.0M - Series B - Feb 2021
Xfers (2014)
$30.0M - Series A - Mar 2021
View all 23 Funding Rounds on Tracxn Platform
Online Business Payments - Asia
21
29
Back to index
Payments (Grab)
(# Cos: 3378 | $74.8B)
Business Payments (Pine Labs)
(# Cos: 1750 | $9.3B)
Online Payments (Razorpay)
(# Cos: 601 | $1.9B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$914M (▲163%)
23(▲64.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$1.9B
112
7
601
23
Razorpay
(2014, $742M)
JusPay
(2012, $87.8M)
Coda Payments
(2011, $25.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Card Linked Digital Wallets - Asia
22
30
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$868M (▼51.4%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$11.4B
16
-
83
4
Payments (Razorpay)
(# Cos: 3378 | $74.8B)
Consumer Payments (CRED)
(# Cos: 1298 | $63.4B)
Wallets (PhonePe)
(# Cos: 516 | $60.9B)
Card Linked (Grab)
(# Cos: 83 | $11.4B)
Grab
(2012, $10.4B)
PhonePe
(2012, $700M)
GCash
(2015, $175M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Grab (2012)
$375M - Series H - Jul 2021
Grab (2012)
$300M - Series H - Jan 2021
GCash (2015)
$175M - Series D - Jan 2021
TAG (2020)
$12.0M - Seed - Sep 2021
TAG (2020)
$5.5M - Seed - May 2021
Tweeq (2020)
Undisclosed - Seed - Jun 2021
Grab (2012)
Undisclosed - Series H - Feb 2021

31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Internet First Working Capital Loans
Marketplaces - Asia
23
31
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$857M ( -- )
7( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.2B
25
-
55
6
Alternative Lending (Kredivo)
(# Cos: 2673 | $29.6B)
Online Lenders (Rupeek)
(# Cos: 1996 | $27.5B)
Business Loans (FlexiLoans)
(# Cos: 528 | $6.9B)
Working Capital Loans (Progcap)
(# Cos: 63 | $1.3B)
Marketplace (OfBusiness)
(# Cos: 55 | $1.2B)
OfBusiness
(2015, $892M)
Progcap
(2016, $61.1M)
Taralite
(2015, $6.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OfBusiness (2015)
$325M - Series G - Dec 2021
OfBusiness (2015)
$207M - Series F - Sep 2021
OfBusiness (2015)
$160M - Series E - Jul 2021
OfBusiness (2015)
$110M - Series D - Mar 2021
Progcap (2016)
$30.0M - Series C - Sep 2021
Progcap (2016)
$25.0M - Series B - Jun 2021
Progcap (2016)
$143K - Series A - Jan 2021

32. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Unisoc (2001)
$815M - Series E - Apr 2021
YiChip (2013)
$15.7M - Series A - Jun 2021
RiVAI (2018)
Undisclosed - Series A - Sep 2021
Shanghai Taisi Microelectr.. (2019)
Undisclosed - Series A - May 2021
Jingshi Intelligent Techno.. (2019)
Undisclosed - Series A - Jan 2021
Radar Eye (2018)
Undisclosed - Series A - Jul 2021
Calterah Semiconductor (2014)
Undisclosed - Series C - Sep 2021
View all 8 Funding Rounds on Tracxn Platform
SoC IoT - Asia
24
32
Back to index
Internet of Things Infrastructure (Celeno)
(# Cos: 1338 | $5.1B)
IoT Chips (Saankhya Labs)
(# Cos: 162 | $2.1B)
SoC (Espressif)
(# Cos: 45 | $1.6B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$831M (▲25.1%)
8(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$1.6B
34
3
45
4
Espressif
(2007, $3.3M)
Unisoc
(2001, $1.4B)
Calterah Semiconductor
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
C2B Used Cars Marketplaces - Asia
25
33
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$812M (▲248%)
3(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$2.3B
23
-
38
7
Auto E-Commerce & Content (Acko)
(# Cos: 2555 | $20.5B)
Second Hand Vehicles (CarTrade)
(# Cos: 685 | $13.8B)
Cars (CarDekho)
(# Cos: 505 | $13.4B)
C2B Marketplace (CARS24)
(# Cos: 38 | $2.3B)
CARS24
(2015, $1.0B)
Carsome
(2015, $286M)
Chezhibao
(2012, $345M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CARS24 (2015)
$342M - Series F - Sep 2021
CARS24 (2015)
$300M - Series G - Dec 2021
Carsome (2015)
$170M - Series D - Sep 2021

34. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
P2P Used Cars Marketplaces - Asia
26
34
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$781M (▲249%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$5.3B
16
-
42
5
Auto E-Commerce & Content (Acko)
(# Cos: 2555 | $20.5B)
Second Hand Vehicles (CarTrade)
(# Cos: 685 | $13.8B)
Cars (CarDekho)
(# Cos: 505 | $13.4B)
P2P Marketplace (CARRO)
(# Cos: 42 | $5.3B)
CARRO
(2015, $595M)
CarSwitch
(2016, $9.3M)
Truebil
(2015, $26.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CARRO (2015)
$360M - Series C - Jun 2021
Guazi (2012)
$300M - Series D - Jun 2021
CARRO (2015)
$100M - Series C - Nov 2021
CARRO (2015)
$15.6M - Series C - Dec 2021
Seez (2015)
$5.0M - Series A - Oct 2021

35. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
4Paradigm (2014)
$700M - Series D - Jan 2021
RealAI (2018)
$46.9M - Series A - Oct 2021
Deci (2019)
$21.0M - Series A - Oct 2021
Datomize (2020)
$6.0M - Seed - Feb 2021
InfuseAI (2018)
$4.3M - Series A - Apr 2021
EDGENeural (2019)
$135K - Seed - Jun 2021
nybl (2019)
Undisclosed - Series B - Aug 2021
View all 9 Funding Rounds on Tracxn Platform
Machine Learning Platforms - Asia
27
35
Back to index
AI Infrastructure (Gupshup)
(# Cos: 593 | $12.8B)
Machine Intelligence Systems (Sisense)
(# Cos: 145 | $1.9B)
Machine Learning Platforms (Cnvrg)
(# Cos: 52 | $1.2B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$757M (▲202%)
9(▲125%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.2B
25
-
52
6
Cnvrg
(2015, $8.0M)
Basis AI
(2018, $6.0M)
Binah.ai
(2016, $13.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
HRMS for Enterprises - Asia
28
36
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$753M (▲1182%)
8(▲60%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.3B
37
4
499
9
HRTech (Fiverr)
(# Cos: 8354 | $7.2B)
HRMS (Ramco)
(# Cos: 1265 | $1.7B)
Suite (GreytHR)
(# Cos: 997 | $1.7B)
Enterprise (DarwinBox)
(# Cos: 499 | $1.3B)
DarwinBox
(2015, $36.7M)
Ramco ZingHR
(2002, $2.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Beisen (2002)
$260M - Series F - May 2021
Papaya Global (2016)
$250M - Series D - Sep 2021
SmartHR (2015)
$142M - Series D - Jun 2021
Papaya Global (2016)
$100M - Series C - Mar 2021
BrioHR (2018)
$1.3M - Seed - Mar 2021
I Personnel (2017)
Undisclosed - Seed - Jun 2021
Changzhou Zero Zero One Ne.. (2018)
Undisclosed - Seed - Aug 2021
View all 8 Funding Rounds on Tracxn Platform

37. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Video Based Online Health Information
Platforms - Asia
29
37
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$697M (▲723%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$862M
1
-
2
1
Online Health Information (Babytree)
(# Cos: 688 | $2.1B)
Internet First Media (Tickled Media)
(# Cos: 494 | $930M)
Diversified (MyUpchar)
(# Cos: 76 | $885M)
Videos (Miaoshou Doctor)
(# Cos: 2 | $862M)
Miaoshou Doctor
(2015, $862M)
Famhealth
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Miaoshou Doctor (2015)
$466M - Series E - Feb 2021
Miaoshou Doctor (2015)
$231M - Series F - Aug 2021

38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Fantasy Sports Platforms - Asia
30
38
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$673M (▲108%)
10(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.3B
26
3
109
7
Sports Tech (WSC Sports Technologies)
(# Cos: 1962 | $3.8B)
Fantasy Sports (Games24x7)
(# Cos: 379 | $1.3B)
Online Platforms (MPL)
(# Cos: 333 | $1.3B)
Multi Sports (Dream11)
(# Cos: 109 | $1.3B)
Dream11
(2008, $785M)
MPL
(2018, $389M)
Games24x7
(2006, $32.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dream11 (2008)
$400M - Series F - Mar 2021
MPL (2018)
$150M - Series E - Sep 2021
MPL (2018)
$98.4M - Series D - Feb 2021
Games24x7 (2006)
$18.1M - Series B - Jun 2021
Fantasy Akhada (2020)
$2.4M - Seed - Sep 2021
Rage Fan (2021)
$1.6M - Seed - Mar 2021
HalaPlay (2016)
$1.2M - Angel - May 2021
View all 10 Funding Rounds on Tracxn Platform

39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Crypto Exchanges - Asia
31
39
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$663M (▲1117%)
22(▲120%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
16
$881M
93
-
855
21
Cryptocurrencies (Bitmain)
(# Cos: 3330 | $4.1B)
Financial Services (Terra)
(# Cos: 2285 | $2.8B)
Investment Industry (Huobi)
(# Cos: 1645 | $1.4B)
Crypto Exchanges (CoinSwitch)
(# Cos: 855 | $881M)
CoinSwitch
(2017, $302M)
Huobi
(2013, $9.6M)
BTCC
(2011, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CoinSwitch (2017)
$260M - Series C - Oct 2021
CoinDCX (2018)
$90.0M - Series C - Jun 2021
Korbit (2013)
$75.2M - Series B - Nov 2021
Rain (2016)
$75.0M - Series B - Nov 2021
Zipmex (2018)
$41.0M - Series B - Aug 2021
BitOasis (2015)
$30.0M - Series B - Oct 2021
CoinSwitch (2017)
$25.0M - Series B - Apr 2021
View all 22 Funding Rounds on Tracxn Platform

40. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Trax (2010)
$640M - Series E - Apr 2021
Bizom (2012)
$135K - Seed - Oct 2021
CPG Brands Analytics - Asia
32
40
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Brands Tech (Namogoo)
(# Cos: 155 | $2.7B)
Analytics (Manthan)
(# Cos: 19 | $1.2B)
Diversified (Trax)
(# Cos: 7 | $1.1B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$640M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1B
5
-
7
2
Trax
(2010, $1.0B)
Manthan
(2004, $106M)
DataWeave
(2011, $1.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
In-Store Retail Analytics - Asia
33
41
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$640M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.0B
5
-
12
2
Big Data Analytics (ThoughtSpot)
(# Cos: 590 | $8.2B)
Industry Solutions (Simility)
(# Cos: 159 | $2.6B)
Retail (Riskified)
(# Cos: 39 | $1.4B)
In-Store (Trax)
(# Cos: 12 | $1.0B)
Trax
(2010, $1.0B)
CiValue
(2014, $8.4M)
Tapway
(2012, $41.6K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Trax (2010)
$640M - Series E - Apr 2021

42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Cybereason (2012)
$275M - Series F - Jul 2021
Acronis (2003)
$250M - Series E - May 2021
Cybereason (2012)
$50.0M - Series F - Oct 2021
MorphiSec (2014)
$31.0M - Series C - Mar 2021
Sequretek (2013)
$3.8M - Series A - Mar 2021
Endpoint Security - Asia
34
42
Back to index
Cybersecurity (CyberArk)
(# Cos: 2660 | $14.5B)
Endpoint Security (Trend Micro)
(# Cos: 235 | $2.1B)
Endpoint UTM (Cybereason)
(# Cos: 20 | $1.4B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$610M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.4B
12
3
20
5
Cybereason
(2012, $718M)
Acronis
(2003, $408M)
MorphiSec
(2014, $51.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

43. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
VNPAY (2007)
$250M - Series B - Aug 2021
Xendit (2015)
$150M - Series C - Sep 2021
Debeijin Service Technology (2016)
$92.5M - Series C - Mar 2021
Xendit (2015)
$64.6M - Series B - Mar 2021
SPG (2016)
$34.0M - Series A - Dec 2021
Doku (2007)
$32.0M - PE - Aug 2021
Easebuzz (2016)
$4.0M - Seed - Mar 2021
View all 15 Funding Rounds on Tracxn Platform
Business Payments Solutions - Asia
35
43
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Payments (Grab)
(# Cos: 3378 | $74.8B)
Business Payments (Razorpay)
(# Cos: 1750 | $9.3B)
Diversified (Xendit)
(# Cos: 216 | $1.9B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$605M (▲567%)
15(▲36.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$1.9B
67
6
216
17
Xendit
(2015, $238M)
Cashfree
(2015, $42.0M)
AGS Transact Technolog..
(2002, $81.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

44. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
P2P Second Hand Goods Marketplaces -
Asia
36
44
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Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$600M (▲650%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.5B
15
-
51
3
Horizontal E-Commerce (JD.com)
(# Cos: 2840 | $33.3B)
Second Hand (Quikr)
(# Cos: 317 | $2.6B)
Marketplace (Cartlow)
(# Cos: 67 | $1.5B)
P2P (Carousell)
(# Cos: 51 | $1.5B)
Carousell
(2013, $373M)
Kaskus Fril
(2012, $9.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zhuan Zhuan (2015)
$390M - Series C - Apr 2021
Zhuan Zhuan (2015)
$100M - Series D - Jun 2021
Carousell (2013)
$100M - Series E - Sep 2021
Carousell (2013)
$10.0M - Series E - Nov 2021

45. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Residential Real Estate Listings - Asia
37
45
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Residential Real Estate Tech (PropertyGuru)
(# Cos: 1704 | $15.9B)
Listings (NoBroker)
(# Cos: 1019 | $3.5B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$598M (▼8.4%)
8(▼46.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
34
$3.5B
137
4
1019
23
NoBroker
(2014, $363M)
PropertyGuru
(2007, $642M)
Housing
(2012, $157M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Anjuke (2007)
$250M - Series E - Mar 2021
NoBroker (2014)
$210M - Series E - Nov 2021
PropertyGuru (2007)
$147M - Series D - Aug 2021
EMPG (2002)
$100M - Series E - Feb 2021
r.square (2009)
$72.0M - Series C - Nov 2021
Nomad Homes (2019)
$20.0M - Series A - Sep 2021
Oh My Home (2015)
$5.0M - Series A - Aug 2021
View all 8 Funding Rounds on Tracxn Platform

46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Rollups - Asia
38
46
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Brands Tech (Namogoo)
(# Cos: 155 | $2.7B)
Tech First Ecommerce Brand Acquirers (Mensa
Brands)
(# Cos: 15 | $738M)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$589M ( -- )
20( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$738M
13
-
15
8
Mensa Brands
(2021, $186M)
Opontia
(2021, $62.0M)
G.O.A.T Brand Labs
(2021, $56.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mensa Brands (2021)
$135M - Series B - Oct 2021
Global Bees (2003)
$112M - Series B - Dec 2021
Global Bees (2003)
$75.0M - Series A - Jul 2021
Nebula Brands (2019)
$50.0M - Series B - Dec 2021
Mensa Brands (2021)
$50.0M - Series A - May 2021
UpScalio (2021)
$42.5M - Series A - Aug 2021
Opontia (2021)
$42.0M - Series A - Dec 2021
View all 20 Funding Rounds on Tracxn Platform

47. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Casicloud (2015)
$405M - Series D - Mar 2021
SpotOn (2017)
$113M - Series A - Nov 2021
CoreStack (2016)
$30.0M - Series B - Nov 2021
env0 (2018)
$17.0M - Series A - Jun 2021
Nanjing Yunxinda Technology (2015)
$15.5M - Series B - Jul 2021
CloudQuery (2021)
$3.5M - Seed - Nov 2021
iDCOS (2014)
Undisclosed - Series C - Dec 2021
Cloud Management Platforms - Asia
39
47
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IT Operations (Zerto)
(# Cos: 727 | $4.6B)
ITOM (Logz.io)
(# Cos: 369 | $2.9B)
Cloud Management (env0)
(# Cos: 61 | $849M)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$583M (▲335%)
7(▼53.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$849M
31
-
61
10
env0
(2018, $23.9M)
CoreStack
(2016, $45.7M)
Cloudyn
(2011, $20.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Internet First Retail Banks with Partner Bank's
License - Asia
40
48
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Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$579M (▲3830%)
23(▲130%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$843M
35
-
78
11
Banking Tech (Cashfree)
(# Cos: 1335 | $6.5B)
Internet First Banks (Chqbook)
(# Cos: 201 | $1.7B)
Through Bank Partnerships (Open)
(# Cos: 136 | $1.1B)
Retail Banking (Niyo)
(# Cos: 78 | $843M)
Niyo
(2015, $49.4M)
Jupiter
(2019, $163M)
Fi
(2019, $75.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TSLC (2019)
$200M - Series B - Dec 2021
First Digital Bank (2019)
$120M - Series A - Dec 2021
Jupiter (2019)
$87.0M - Series C - Dec 2021
Jupiter (2019)
$50.4M - Series B - Aug 2021
Fi (2019)
$50.0M - Series B - Oct 2021
Zolve (2020)
$40.0M - Series A - Oct 2021
TSLC (2019)
$25.0M - Series A - Nov 2021
View all 23 Funding Rounds on Tracxn Platform

49. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Gaoxian Technology (2013)
$188M - Series C - Nov 2021
Gaussian Robotics (2017)
$188M - Series C - Nov 2021
Gaoxian Technology (2013)
$100M - Series B - Apr 2021
Gaussian Robotics (2017)
$100M - Series B - Apr 2021
Peppermint (2019)
$684K - Seed - Sep 2021
Peppermint (2019)
$469K - Seed - May 2021
iBen Robot (2016)
Undisclosed - Series B - Jun 2021
View all 8 Funding Rounds on Tracxn Platform
Commercial Cleaning Robots - Asia
41
49
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Professional Service Robots (GreyOrange)
(# Cos: 668 | $6.5B)
Cleaning (Gaussian Robotics)
(# Cos: 26 | $654M)
Commercial Maintenance (Gaoxian
Technology)
(# Cos: 21 | $654M)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$575M (▲1210%)
8(▲167%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$654M
13
-
21
3
Gaoxian Technology
(2013, $325M)
Gaussian Robotics
(2017, $325M)
Skyline Robotics
(2017, $3.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

50. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
TransThera Biosciences (2016)
$100M - Series D - Jul 2021
Wuhan Binhui Biotechnology (2010)
$94.9M - Series C - Feb 2021
Sciwind (2017)
$70.0M - Series C - Oct 2021
Heyuan Biotechnology (2018)
$64.2M - Series C - Oct 2021
EdiGene (2015)
$61.5M - Series B - Apr 2021
Engine Biosciences (2014)
$43.0M - Series A - May 2021
Hopstem Biotechnology (2017)
$40.0M - Series B - Oct 2021
View all 22 Funding Rounds on Tracxn Platform
Life Sciences Research Services - Asia
42
50
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Life Sciences Platforms and Tools (Nikon)
(# Cos: 1895 | $6.3B)
Research Services (LifeCell)
(# Cos: 948 | $3.7B)
Diversified (Richcore Lifesciences)
(# Cos: 608 | $2.9B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$572M (▼11.7%)
22(▼15.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
17
$2.9B
327
48
608
20
Richcore Lifesciences
(2001, $9.9M)
Sea6 Energy
(2010, $18.2M)
Oramed
(2006, $4.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
udaan (2016)
$280M - Series D - Jan 2021
Ula (2019)
$87.0M - Series B - Oct 2021
Sary (2018)
$75.0M - Series C - Dec 2021
Sary (2018)
$30.5M - Series B - May 2021
Ula (2019)
$23.1M - Series B - Nov 2021
Ula (2019)
$20.0M - Series A - Jan 2021
Beldara (2014)
$7.4M - Series A - Mar 2021
View all 20 Funding Rounds on Tracxn Platform
Horizontal B2B Marketplaces - Asia
43
51
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B2B E-Commerce (IndiaMART)
(# Cos: 2440 | $24.0B)
Horizontal (Alibaba Group)
(# Cos: 483 | $7.7B)
Marketplace (udaan)
(# Cos: 232 | $7.3B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$547M (▲411%)
20(▲42.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$7.3B
75
3
232
10
udaan
(2016, $1.2B)
Alibaba Group
(1999, $5.2B)
IndiaMART
(1996, $35.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Vacuum Cleaning Robots - Asia
44
52
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Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$536M (▲3571%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$551M
6
1
91
1
Consumer Robotics (Miko)
(# Cos: 522 | $3.6B)
Domestic Tasks (Rotimatic)
(# Cos: 150 | $750M)
Cleaning (Dreame)
(# Cos: 115 | $573M)
Vacuum Cleaning (ECOVACS
Robotics)
(# Cos: 91 | $551M)
ECOVACS Robotics Dreame
(2020, $551M)
Roborock
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dreame (2020)
$536M - Series C - Oct 2021

53. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Value Based Chronic Care Management -
Asia
45
53
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Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$516M (▲579%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$871M
21
1
48
1
Healthcare IT (CitiusTech)
(# Cos: 4980 | $13.3B)
Value Based Care (Dozee)
(# Cos: 767 | $2.8B)
Care Coordination (Altibbi)
(# Cos: 153 | $1.0B)
Care Planning & Management (Intuition
Robotics)
(# Cos: 126 | $1.0B)
Chronic care (Medlinker)
(# Cos: 48 | $871M)
Medlinker
(2014, $842M)
NanoHealth
(2014, $1.2M)
Bionime
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Medlinker (2014)
$514M - Series E - Dec 2021
Mesh Bio (2018)
$1.8M - Seed - Mar 2021

54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
LiDAR - Asia
46
54
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Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$514M (▲179%)
7(▼12.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.2B
14
1
16
6
Sensors (TriEye)
(# Cos: 1170 | $2.9B)
Generic Sensor Developers (Mantis Vision)
(# Cos: 855 | $2.6B)
Positioning & Motion (RoboSense)
(# Cos: 130 | $1.4B)
Range (Arbe)
(# Cos: 37 | $1.4B)
LiDAR (Innoviz)
(# Cos: 16 | $1.2B)
Innoviz
(2016, $252M)
RoboSense
(2014, $45.0M)
PATEO
(2009, $174M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hesai Technology (2013)
$300M - Series D - Jun 2021
PATEO (2009)
$128M - Series B - Aug 2021
Hesai Technology (2013)
$70.0M - Series D - Nov 2021
Tanway science and technol.. (2017)
$15.5M - Series A - Sep 2021
Shenzhen strategy Technology (2013)
Undisclosed - Seed - Sep 2021
RoboSense (2014)
Undisclosed - Series C - Dec 2021
ZVISION (2017)
Undisclosed - Series B - Jun 2021

55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Contract Manufacturer Marketplace -
Asia
47
55
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Manufacturing Tech (Moglix)
(# Cos: 1032 | $3.1B)
Contract Manufacturer Marketplace (Zetwerk)
(# Cos: 24 | $607M)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$510M (▲895%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$607M
7
-
24
4
Zetwerk
(2018, $554M)
Bijnis
(2014, $43.5M)
VenWiz
(2020, $3.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zetwerk (2018)
$210M - Series F - Dec 2021
Zetwerk (2018)
$150M - Series E - Aug 2021
Zetwerk (2018)
$120M - Series D - Feb 2021
Bijnis (2014)
$30.0M - Series B - Sep 2021
Jiga (2020)
$125K - Seed - Oct 2021

56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Xiaohongshu (2013)
$500M - Series F - Nov 2021
Carousell (2013)
$100M - Series E - Sep 2021
Carousell (2013)
$10.0M - Series E - Nov 2021
Frendy (2019)
$1.3M - Seed - Dec 2021
Woovly (2017)
$264K - Angel - May 2021
Woovly (2017)
$49.1K - Seed - Apr 2021
Community Based Shopping Platforms -
Asia
48
56
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Social Commerce (DealShare)
(# Cos: 280 | $7.0B)
Community Based Shopping Platforms
(Xiaohongshu )
(# Cos: 74 | $1.5B)
Diversified (Carousell)
(# Cos: 49 | $1.4B)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$502M (▲ >10K%)
6(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.4B
21
-
49
4
Carousell
(2013, $373M)
Xiaohongshu
(2013, $900M)
Limeroad
(2012, $51.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Electric Aircraft - Asia
49
57
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Aerospace Tech (Stratasys)
(# Cos: 45 | $708M)
Electric Aircraft (Xiaopeng Huitian)
(# Cos: 8 | $500M)
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$500M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$500M
4
-
8
1
Xiaopeng Huitian
(2013, $500M)
Tetra Aviation Eviation
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Xiaopeng Huitian (2013)
$500M - Series A - Oct 2021

58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Asia Tech - Top Business Models Report
Recent Funding Rounds
Lab Grown Meat Substitutes - Asia
50
58
Back to index
Taxonomy
$ Invested in last 1 year in Asia Tech
Key Stats
# Funding Rounds in last 1 year in Asia
Tech
$493M (▲1675%)
8( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$560M
11
1
12
3
Food Tech (Swiggy)
(# Cos: 4132 | $14.2B)
Novel Foods (Else Nutrition)
(# Cos: 137 | $802M)
Food Products (MeaTech)
(# Cos: 113 | $729M)
Alternative Proteins (Shiok Meats)
(# Cos: 64 | $706M)
Meat Substitute (Future Meat
Technologies)
(# Cos: 50 | $695M)
Lab Grown (Aleph Farms)
(# Cos: 12 | $560M)
Aleph Farms
(2017, $118M)
Future Meat Technologies
(2018, $390M)
Shiok Meats
(2018, $30.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Future Meat Technologies (2018)
$347M - Series B - Dec 2021
Aleph Farms (2017)
$105M - Series B - Jul 2021
Future Meat Technologies (2018)
$26.8M - Series B - Feb 2021
Shiok Meats (2018)
$10.0M - Series A - Jul 2021
CellX (2020)
$4.3M - Series A - Sep 2021
ClearMeat (2018)
$80.2K - Seed - Sep 2021
Aleph Farms (2017)
Undisclosed - Series B - Sep 2021
View all 8 Funding Rounds on Tracxn Platform

59. Asia Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent funding rounds
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