# Retail investors in Asia (2026 list) > 68 retail investors in Asia, 94% active in the last 12 months. Led by Y Combinator, General Catalyst, Lightspeed Venture Partners. Ranked by what they funded. Source: https://millionrounds.com/lists/retail-investors-in-asia (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Retail investors in Asia Updated 7 November 2026 Firms observed backing a retail company in Asia in the last two years, wherever the firm is based. [See all 68 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fretail-investors-in-asia)The top 25 **68** investors on the list *+2* this week **2,115** cheques in 12 months *-9%* against the market **$4.6M** median round they joined *-43%* against the market median **94%** wrote a cheque in 12 months **50%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen - 2 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen - 3 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) *Deploying now* VC firm · United States **1,341** **$35M** median round **Nov 2026** last seen - 4 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen - 5 [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) *Deploying now* VC firm · United States **535** **$15M** median round **Nov 2026** last seen - 6 [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) *Deploying now* VC firm · United States **526** **$4.1M** median round **Sept 2026** last seen - 7 [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) *Deploying now* VC firm · Japan **493** **$4.7M** median round **Nov 2026** last seen - 8 [Peak XV](https://millionrounds.com/fund/peak-xv) *Deploying now* VC firm · United States **317** **$15M** median round **Nov 2026** last seen - 9 [Nexus Venture Partners](https://millionrounds.com/fund/nexus-venture-partners) *Deploying now* VC firm · United States **294** **$13M** median round **Oct 2026** last seen - 10 [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) *Deploying now* VC firm · Mexico **267** **$15M** median round **Sept 2026** last seen - 11 [Nissay Capital](https://millionrounds.com/fund/nissay-capital) *Deploying now* VC firm · Japan **221** **$3.5M** median round **Oct 2026** last seen - 12 [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) *Deploying now* Corporate VC · Japan **200** **$10M** median round **Oct 2026** last seen - 13 [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) *Deploying now* VC firm · United States **154** **$13M** median round **Nov 2026** last seen - 14 [Elevation Capital](https://millionrounds.com/fund/elevation-capital-2) *Deploying now* VC firm · Canada **128** **$10M** median round **Oct 2026** last seen - 15 [L Catterton](https://millionrounds.com/fund/l-catterton) *Deploying now* Private equity · United States **110** **$34M** median round **Oct 2026** last seen - 16 [Better Capital](https://millionrounds.com/fund/better-capital) *Deploying now* Private equity · United Kingdom **97** **$2.5M** median round **Oct 2026** last seen - 17 [Shizuoka Capital](https://millionrounds.com/fund/shizuoka-capital) *Deploying now* VC firm **51** **$4.1M** median round **Oct 2026** last seen - 18 [Delight Ventures](https://millionrounds.com/fund/delight-ventures-2) *Deploying now* VC firm · Japan **45** **$3.2M** median round **Oct 2026** last seen - 19 [Fireside Ventures](https://millionrounds.com/fund/fireside-ventures) *Deploying now* VC firm · India **33** **$6M** median round **Oct 2026** last seen - 20 [Info Edge](https://millionrounds.com/fund/info-edge) *Deploying now* VC firm · India **24** **$4.5M** median round **Oct 2026** last seen - 21 [Kairos Ventures](https://millionrounds.com/fund/kairos-ventures) *Deploying now* VC firm · United States **23** **$7M** median round **Jul 2026** last seen - 22 [Avenir](https://millionrounds.com/fund/avenir) *Deploying now* VC firm · United States **21** **$150M** median round **Oct 2026** last seen - 23 [Anupam Mittal](https://millionrounds.com/fund/anupam-mittal) *Deploying now* Angel **10** **$2.9M** median round **Oct 2026** last seen - 24 [Flipkart](https://millionrounds.com/fund/flipkart-ventures) *Deploying now* Corporate VC · India **9** **$66M** median round **Oct 2026** last seen - 25 [GEF Capital Partners](https://millionrounds.com/fund/gef-capital-partners) *Deploying now* Private equity · United States **7** **$66M** median round **Aug 2026** last seen **43 more on this list** All 68 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fretail-investors-in-asia) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Physicl](https://millionrounds.com/company/physicl)** Seed · $10M *With* [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) - **4** Nov **[Nooks](https://millionrounds.com/company/nooks)** Growth · $500M *Led by* [General Catalyst](https://millionrounds.com/fund/general-catalyst) - **3** Nov **[Agrani Labs](https://millionrounds.com/company/agrani-labs)** $108M *Led by* [Peak XV](https://millionrounds.com/fund/peak-xv) - **3** Nov **[Guava](https://millionrounds.com/company/guava)** Seed · $13M *With* [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) - **3** Nov **[PowerUp Money](https://millionrounds.com/company/powerup-money)** Other · $10M *With* [Peak XV](https://millionrounds.com/fund/peak-xv) - **2** Nov **[Dispatch Network](https://millionrounds.com/company/dispatch-network)** Pre-seed · $527K *Led by* [Antler](https://millionrounds.com/fund/antler) ## Stages This Year 1,842 rounds - Venture **22%** - Seed **18%** - Pre-seed **17%** - Series A **16%** - Series B **8%** - Other **19%** ## What They Backed Sectors, last 12 months - AI **932** - Fintech **116** - Big Data & Analytics **107** - Healthcare **93** - Financial Services **76** - Software **56** ## Cheques by Quarter Led Joined 593 Q1 25 579 Q2 25 675 Q3 25 706 Q4 25 605 Q1 26 613 Q2 26 437 Q3 26 162 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america) - [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe) - [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america) - [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america) - [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia) - [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america) - [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america) - [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america) - [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america) [All investor lists *→*](https://millionrounds.com/lists) ## Reading for founders in retail and fashion - Lovemarks The Future Beyond Brands Kevin Roberts · 2004 3.86 from 1,497 ratings on Goodreads Retail and fashion Company building About the book "Ideas move mountains, especially in turbulent times. Lovemarks is the product of the fertile-iconoclast mind of Kevin Roberts, CEO Worldwide of Saatchi & Saatchi. Roberts argues vociferously, and with a ton of data to support him, that traditional branding practices have become… On AmazonListen on Audible - Fashion entrepreneurship Michele Granger, Tina Sterling · 2002 On 15 reading lists at Open Library Retail and fashion Company building On AmazonListen on AudibleOn Open Library - Retail Gangster: The Insane, Real-Life Story of Crazy Eddie Gary Weiss · 2022 3.90 from 1,120 ratings on Goodreads Retail and fashion Company building About the book A biography of the spectacular rise and fall of Eddie Antar, better known as "Crazy Eddie," whose home electronics empire changed the world even as it turned out to be one of the biggest business scams of all timeBack in the fall of 2016 we heard the news about the passing of… On AmazonListen on Audible - The Everything Store: Jeff Bezos and the Age of Amazon Brad Stone · 2013 4.13 from 78,706 ratings on Goodreads Retail and fashion Company building About the book The definitive story of Amazon.com, one of the most successful companies in the world, and of its driven, brilliant founder, Jeff Bezos. Amazon.com started off delivering books through the mail. But its visionary founder, Jeff Bezos, wasn't content with being a bookseller. He… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=retail). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about retail investors in Asia ### Who are the most active retail investors in Asia? By cheques observed, the most active are Y Combinator, General Catalyst, Lightspeed Venture Partners, Antler and U.S. Venture Partners. ### How many retail investors in Asia are there? 68 are on record. 94% made an investment in the last 12 months and 50% have led a round. ### Which stages do retail investors in Asia back? Of the rounds with a named stage in the last 12 months, mostly Seed (24%) and Pre-seed (23%). ### How big are the rounds retail investors in Asia join? The typical (median) round among the leading investors here is $10M. ### Which sectors do retail investors in Asia back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which retail investors in Asia lead the most rounds? General Catalyst (97 led), Lightspeed Venture Partners (83 led) and Y Combinator (11 led). ### Where are retail investors in Asia based? Among the most active, most are based in the United States (12), Japan (4) and India (3). ### What have retail investors in Asia invested in recently? Recent rounds include Physicl (Seed, Nov 2026, with U.S. Venture Partners), Nooks (Growth, Nov 2026, with General Catalyst) and Agrani Labs (Nov 2026, with Peak XV). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)