SMBC ASIA RISING FUND

HQ - Singapore

Summary

SMBC Asia Rising Fund is a $200 million corporate venture capital (CVC) fund established in April 2023 by the Sumitomo Mitsui Banking Corporation (SMBC) and Incubate Fund.

Deals Overview

Total Deals2

Valued Deals2

Total Value£ 48 M

Avg. Deal Size£ 24 M

Market Context

Senior Management

Rajeev Kannan
Head of India Division and Managing Executive Officer

Sort

08 Sep 2025|India|Digital Services

Target: FLIPSPACES TECHNOLOGY LABS

Bidder: CRESCENT ENTERPRISES VENTURE CAPITAL

3 Service Providers

1 Target | 2 Bidder

10 Dealmakers

1 Target | 9 Bidder

£ 37 M

Value

21 Jan 2026|India|Renewable Energy Equipment

Target: AEREM SOLUTIONS

Bidder: SMBC ASIA RISING FUND

3 Service Providers

1 Target | 2 Bidder

6 Dealmakers

1 Target | 5 Bidder

£ 11 M

Value