The first quarter of 2016 closed less than a month ago, and the companies at the top of the pack in Asia accounted for $2.9 billion. And while this number is more than impressive, it represents a decline consistent with the Asian market as of late. Asian startups need not worry though, because capital is coming in at a more consistent rate, which in the long run, is better for their economic growth.
According to the Venture Pulse Report from CB Insights, 2015 was the year of the mega-deal in Asia. And while Asian startups racked up big bucks in blockbuster deals, the growth could not remain that explosive. Now, venture capitalists are relying on the a diverse selection of investments totaling less than the record-breaking averages in 2015.
Check out this list of the top 10 highest-funded Asian startups in the first quarter of 2016 here.
- $153 Million – Zhaogang (Series E): Steel e-commerce platform. Photo: Flickr / Dennis Jarvis. (See image).
- $200 Million – Snapdeal (Series F): E-commerce marketplace.
- $149 Million – CarTrade (Series B): Online automotive platform.
- $1.2 Billion – Lu.com (Series B): Peer-to-peer lender.
- $100 Million – DouyuTV (Venture Capital): Live video streaming website.
- $100 Million – DouyuTV (Venture Capital): Live video streaming website.
- $170 Million – Garena Online (Series D): Internet entertainment and e-commerce platform provider.
- $150 Million – Clues Network (Series E): E-commerce marketplace.
- $160 Million – Welab Holdings (Series B): Peer-to-peer lender.
- $500 Million – China Internet Plus Holding (Growth Equity): Location-based dining information and discount group-buying website.
