India Deal Monitor: Accel backs cybersecurity startup Securden and more updates

Securden Inc, a Chennai and US-based cybersecurity startup, has raised $1.2 million in a seed funding round led by Accel Partners, per an announcement.

The financing also saw participation of Girish Mathrubootham, founder and CEO of Freshworks; Manav Garg, founder and CEO of Eka1.com; CaratLane CEO Mithun Sacheti; and Axilor Ventures.

Incorporated in 2018 by ex-Zoho executives Balasubramanian Venkatramani and Kumaran Balan, Securden said it will utilise the fresh capital to grow its sales and spruce up its marketing efforts, besides investing in product development, and research and development.

Securden provides privileged access governance solutions that combine the key security principles of zero-trust architecture, least privilege enforcement, and continuous risk assessment to prevent cyberattacks, malware propagation, and insider exploitation.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India between July 5 and July 8, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals 
Securden IncChennai/US1.2 millionSeedAccel PartnersGirish Mathrubootham, Axilor Ventures; Manav Garg, Mithun SachetiIT Security/Cybersecurity-233333
Specsmakers OpticiansChennai3 million-Eight Roads Ventures-Retail-
TagHive South Korea-Pre-Series AJoon Hyon, MD of Complement Capital-Education/TrainingEdTech
ZoloStays Property SolutionsBengaluru56 millionSeries CInvestcorpNexus Venture Partners, Mirae Asset, Trifecta CapitalReal Estate Development & Operating CompanyReal Estate Tech
Frontier MarketsJaipur2.25 millionPre-Series AENGIE Rassembleurs d'Energies, The Rise Fund, The Singh Family TrustsTeja Ventures, Affiliates of Beyong Capital FundRetail-
Aapka PainterBengaluru----Consumer Services-
RenewatePune----SoftwareReal Estate Techs
PropVRChennai----SoftwareReal Estate Tech
EdHuskJaipur-AngelMumbai Angels Network-Education/TrainingEdTech
Chai WaaleChennai233,333AngelTharun Dhariwal, Sunil Kumar Singhvi, Arun and Vishal Ostwal, Gunavanth Vaid, Bharat Kumar Sohanraj-Food-
BrainwiredKochi--Mumbai Angels NetworkAgribusinessAgTech

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.