India Deal Monitor: Accel, SAIF Partners back Zomentum and more updates

SaaS startup Zomentum has raised $4.1 million in a seed round of funding from venture capital firms Accel and SAIF Partners.

The startup plans to use the funds to accelerate product development, build a global team, and expand presence in multiple geographies.

Founded in 2018 by Shruti Ghatge and Rahil Shah, Zomentum provides an all-in-one solution with various product modules that enables IT channel partners to grow their business and add new customers.

Zomentum, which started selling its products in the month of January 2020, claims to have acquired clients across four continents currently.

“There are over 200,000 IT partners in the US alone. And almost the same number across Canada, the UK, and Australia. As we add more partners, we have an opportunity to improve their business by not only providing them with the tools, but also provide data-driven insights on how these partners could provide more value to their customers (the B2B customer set) to gain market share quickly,” Ghatge said in a statement.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India between July 8 and July 12, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
ZomentumUS/Hyderabad1.4 millionSeedAccel, SAIF Partners-SoftwareSaaS
JetSynthesysPune40 million-Adar Poonawalla, Kris Gopalakrishnan-SoftwareDigital Media
CuemathBengaluru2.9 millionSeries BTrifecta Capital-Education/TrainingEdTech
NOTOMumbai-Pre-SeedWEH VenturesLead AngelsFood-
SPV Laboratories Pvt. Ltd (Green Cure)New Delhi--Venture Catalysts-Consumer ProductsFitness & Wellness
Blue Sky AnalyticsGurugram1.2 millionSeedBeenext Rainmatter Capital Pvt. Ltd, Stanford Angels & EntrepreneursSoftwareBig Data
Shop101 Mumbai2.3 million (reported)Series CKalaari Capital, Vy Capital, Unilever, Stellaris-Consumer ProductsE-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.