TLDR:
Key Points:
- PriyoShop raises USD 5 million in pre-Series A round
- Xalts acquires Contour Network to expand trade finance platform
Bringing you the latest news briefs on fundraising activities in the Asia Pacific. PriyoShop, a B2B retail marketplace in Bangladesh, completed its pre-Series A funding round, raising USD 5 million with participation from various investors. Xalts acquired Contour Network to enhance its trade finance platform. Mask Network’s Bonfire Union venture arm hit a milestone of USD 100 million and launched a second fund. Various other companies in China and India also secured funding for their operations and expansion.
PriyoShop, known for its asset-light marketplace model, helps MSMEs source goods at competitive prices and offers credit facilities and supply chain financing services. Xalts’ acquisition of Contour Network aims to digitize trade and supply chain finance. Mask Network’s Bonfire Union venture arm reached a milestone of USD 100 million and launched a second fund to support decentralized social networks and infrastructure projects.
Other deals in China and India included funding rounds for companies like Evopoint Biosciences, Urevo, RailYatri, Pratech Brands, VVDN Technologies, Pure EV, Quid, Basil, and Beyoung, securing investments for their growth and expansion plans.
