India: Inc42 raises pre-Series A funding from Unicorn, Aarin Capital, others

Media startup Inc42 has raised an undisclosed amount in its pre-Series A funding from a number of investors including Unicorn India Fund and Mohandas Pai’s fund, Aarin Capital.

In a statement Inc42 said there were a total 42 investors who participated in this round including Singapore Angel Network, Singapore-based M&S Partners Pte Ltd, Pranav Pai, Arihant Patni of Hive Technologies among others.

The two-year-old startup plans to use the funds raised to build out the technology arm of the company and bring in new formats that will cater to the country’s burgeoning startup ecosystem.

In January last year, the company had announced closure of its angel round of funding led by Ritesh Malik of Guerrilla Ventures, Nikunj Jain of Innox apps (now Frankly.me), Dewang Neralla, CEO & Director Atom Technologies, Prabhu Ram, Ex-EBS among others.

The Delhi-based company, which provides news and related content, also runs a number of entrepreneur and startup-focused events, such as as Pulse42, StartupPulse, and more recently, launched Campus Misfits.

In August last year, Bengaluru-based YourStory Media, which runs YourStory.com,  has reportedly raised between $3-$5 million led by Kalaari Capital. Mobile News curator InShorts also raised $20 million in its Series B round from existing backer Tiger Global Management.

Here is a list of other media startups in India that raised funding in 2015.

Also Read: India:YourStory acquires e-book publishing platform Papyrus Editor in cash, stock deal

Disclosure: DEALSTREETASIA competes with Inc42 in India, and both companies have a common investor in Singapore Angel Network. 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.