India Deal Monitor: Accel, Lightspeed backs QTalk and more updates

Bengaluru-based QTalk, a smartphone dialer designed to make phone calls stress-free, has raised $1.6 million in a Series A round of funding from Accel India and Lightspeed Venture Partners.

The startup intends to use the funds to accelerate product and market development, YourStory reported.

QTalk, operated by Quiph Media Private Limited, was founded by IIT Bombay alumni, Sagar Modi and Advaith Vishwanath. It initiated operations in early 2018. The platform goes beyond just voice and video calling and claims to empowers users with the tools to engage with each other in ways analogous to how they would interact in the real world.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India from March 23-26, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
CoinDCXMumbai3 million Series APolychain Capital, Bain Capital Ventures, HDR Group-Technology
MobiKwikGurugram30 millionDebt/EquityMK SPV IX-Financial Services
MedCords Healthcare Solutions Pvt. Ltd.Pune920,000Series AInfo Edge-Health & Wellness
ShadezMumbai100,000-Inflection Point Ventures-Consumer Services
UdaanBengaluru30 million-Trustroot Internet Private Limited-E-Commerce
QTalkBengaluru1.6 millionSeries AAccel India, Lightspeed Venture Partners-Software Services

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.