SMBC Asia Rising Fund is a corporate venture capital fund established jointly by Sumitomo Mitsui Banking Corporation (SMBC) and Incubate Fund in Singapore, investing USD 200 million in high-potential Asian startups, with a focus on fintech areas including lending, payments, supply chain finance, and digital assets.
30% of their portfolio is in Fintech. Average disclosed round size is $29.1M (across 18 rounds with reported amounts).
Portfolio
18
Fund Size
$200M
Top Stage
Series C
Last 12 Mo
5
Team
MR
Mayoran Rajendra
Managing Director
AS
Agrim Sharma
Investment Analyst
DJ
Darren Jawara
Investment manager
MA
Mayank Agarwal
Investment Team
RR
Rajeev Ranka
India Investments
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
23 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Whale | Series C | $40M | Jul 2026 |
| WWhale | Series C | $40M | Jul 2026 |
 Whale | Series C | $40M | Jul 2026 |
| OOlyv | Series C | — | Feb 2026 |
 Aerem Solutions | Series B | $15M | Jan 2026 |
 Aerem Solutions Private Limited | Series B | $15M | Jan 2026 |
 Flipspaces | Series C | $50M | Sep 2025 |
| Whale | Series C | $60M | May 2025 |
| Flipspaces | Series C | $50M | May 2025 |
 DPDzero | Series A | $7M | Jan 2025 |
 MODIFI | Series B | $15M | Nov 2024 |
| CCentricity | Pre-Seed | $18M | Jan 2024 |
| CCentricity | Series A | — | Jan 2022 |
 Paper.id | Series B | $12M | Jan 2022 |
 Olyv | Series B | $23M | — |
| VVayana Network | Series D | $20.5M | — |
| FfileAI | Series A | $14M | — |
| WWhale | Series B | — | — |
 Whale | Series C | $60M | — |
 Vayana | Series D | $20.5M | — |
| OOlyv | Series B | $23M | — |
 Shivalik Small Finance Bank | Unknown | — | — |
 Smartcoin | Series C | — | — |
Top Co-Investors
India Quotient7 shared
Linear Capital5 shared
Singtel Innov85 shared
Hyundai Motor Group5 shared
The Fundamentum Partnership4 shared
Gentree Fund4 shared
InnoVen Capital3 shared
Blume Ventures3 shared
British International Investment3 shared
Riverwalk Capital Partners2 shared
SE Ventures2 shared
UTEC2 shared
Chiratae Ventures2 shared
Jungle Ventures2 shared
Emerald Technology Ventures2 shared
Intesa Sanpaolo1 shared
Picus Capital1 shared
Heliad AG1 shared
Last updated: 20 October 2026