Top 10 Highest-Funded Asian Startups in 2016 So Far

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 – (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.
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Conor is the Lead Writer for For the last six years, he’s covered everything from tech news and product reviews to digital marketing trends and business tech innovations. He's written guest posts for the likes of Forbes, Chase, WeWork, and many others, covering tech trends, business resources, and everything in between. He's also participated in events for SXSW, Tech in Motion, and General Assembly, to name a few. He also cannot pronounce the word "colloquially" correctly. You can email Conor at
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