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.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Securden Inc||Chennai/US||1.2 million||Seed||Accel Partners||Girish Mathrubootham, Axilor Ventures; Manav Garg, Mithun Sacheti||IT Security/Cybersecurity||-233333|
|Specsmakers Opticians||Chennai||3 million||-||Eight Roads Ventures||-||Retail||-|
|TagHive||South Korea||-||Pre-Series A||Joon Hyon, MD of Complement Capital||-||Education/Training||EdTech|
|ZoloStays Property Solutions||Bengaluru||56 million||Series C||Investcorp||Nexus Venture Partners, Mirae Asset, Trifecta Capital||Real Estate Development & Operating Company||Real Estate Tech|
|Frontier Markets||Jaipur||2.25 million||Pre-Series A||ENGIE Rassembleurs d'Energies, The Rise Fund, The Singh Family Trusts||Teja Ventures, Affiliates of Beyong Capital Fund||Retail||-|
|Aapka Painter||Bengaluru||-||-||-||-||Consumer Services||-|
|Renewate||Pune||-||-||-||-||Software||Real Estate Tech||s|
|PropVR||Chennai||-||-||-||-||Software||Real Estate Tech|
|EdHusk||Jaipur||-||Angel||Mumbai Angels Network||-||Education/Training||EdTech|
|Chai Waale||Chennai||233,333||Angel||Tharun Dhariwal, Sunil Kumar Singhvi, Arun and Vishal Ostwal, Gunavanth Vaid, Bharat Kumar Sohanraj||-||Food||-|
|Brainwired||Kochi||-||-||Mumbai Angels Network||Agribusiness||AgTech|