Accel Partners leads $1.5m funding in Mihup and nine more India deal updates

Conversational AI platform Mihup Communications Pvt. Ltd Wednesday announced that it has raised $1.5 million in its ongoing Series A round of funding led by Accel Partners, Ideaspring Capital, venture capitalists Rajesh Jain (founder of Netcore), and Jayant Kadambi (founder and CEO YuMe Networks).

The funding will be used to expand the Mihup team, to build new product capabilities and to enter new markets, the startup said in a statement.

“The funding will allow us to push Mihup to greater heights and invest in areas that will be key to our long-term vision and success…We will soon be launching a new product in the automobile space,” Tapan Barman, CEO and co-founder, Mihup, said.

Founded in 2016 by Barman, Sandipan Chattopadhyay, and Biplab Chakraborty, Mihup uses AI to empower humans with the ability to seamlessly interact with the digital world around them. The company claims that its interaction analytics solution provides 100 per cent analysis of a call centre’s customer interactions to derive actionable insights to improve sales, collection, and customer services.

Prior to this round, Mihup had secured seed funding and pre-Series A funding from Accel Partners and Ideaspring Capital.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from December 6-9, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
MihupKolkata1.5 millionSeries AAccel Partners, Ideaspring Capital, Rajesh Jain, Jayant Kadambi-Information ServicesAI and Machine Learning
5C NetworkBengaluru1.2 millionPre-Series AUnitus Ventures, Axilor Ventures-Healthcare SpecialistHealthTech
KIKO TVMumbai-Seed9UnicornsVinayak Srivastava, Saket Dandotia, Sunil Kumar Singhvi, Srinivas KottaInternetE-Commerce
DealShareBengaluru21 millionSeries CWestBridge CapitalAlpha Wave Incubation, Z3Partners, Matrix Partners India, Omidyar Network IndiaRetailE-Commerce
CuemathBengaluru40 millionSeries CLGT Lightstone Aspada, Alpha Wave IncubationSequoia Capita, Capital G, Manta Ray VenturesEducation/TrainingEdTech
Atomberg TechnologiesMumbai9.5 millionSeries BA91 PartnersTrifecta Capital, Survam PartnersElectronicsInternet of Things
Ethereum Push Notification Service (EPNS)Mumbai750,000Seed-Balaji Srinivasan, Kenneth Ng, Scott Moore, Mariano Conti, Anthony Sassano, DeFiDad, Ravindra Kumar, Preethi Kasireddy, Andrew Chen, Rezo & Evgeny Zandman, Luka Sucic, Ben Lakeoff, Auryn Macmillan, Danny Christ, Ganeshram Gunalan, Thomas Kaseng Ao, Kathik GargSoftwareBlockchain
Bombay PlayMumbai1 millionSeedLumikai-Travel & LeisureeSports
KutumbBengaluru2.1 million-Sequoia Capital India’s SurgeAL Trust, Whiteboard Capital, Incrypt, Sujeet Kumar, Kunal Bahl, Rohit Kumar Bansal InternetSocial Media
RichpanelBengaluru--Sequoia Capital India’s Surge-SoftwareE-Commerce

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.