India Deal Monitor: Accel leads $4.2m funding in Slintel and more updates

Slintel, an intent-powered sales and marketing intelligence platform, has raised $4.2 million in a funding round led by Accel, with participation from Sequoia Capital India and existing investor Stellaris Venture Partners, per an announcement.

The financing comes less than a year after the company secured funding from Stellaris Venture Partners and Powerhouse Ventures.

“The new investment will enable us to double down on our vision of helping sales and marketing teams find buyers that are most likely to engage with them. The investment from this round will be used to strengthen the product and capture market share aggressively, given the velocity at which we have been able to add customers over the last year,” Deepak Anchala, CEO and founder at Slintel said.

Founded by Anchala and Rahul Bhattacharya, Slintel helps customers discover and connect with active, high-intent buyers in their market and evaluates billions of data points to derive actionable insights about their target accounts. The company has built a robust engine that captures buyer intent signals at scale and uses predictive algorithms to determine the purchase decisions of prospects.

The startup claims to have over a hundred customers across North America, South America, Europe and Asia-Pacific regions.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from October 19-21, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Slintel IncCalifornia4.2 million-AccelSequoia Capital India, Stellaris Venture PartnersSoftwareSales & Marketing Software
TagZ FoodsBengaluru-SeedVenture Catalysts' 9UnicornsUmang Bedi, Malhar Anaokar, AL Jagannath, Shesh KondiFoodN/A
SUGAR CosmeticsMumbai2 millionDebtStride Ventures-Consumer ProductsBeauty & Hygiene
SupplynoteNoida600,000BridgeSOSV, Artesian VenturesSucSEED Ventures, CIO Angel Network, Venture Catalysts, Arjun Soni, Angad Soni, Sunny VohraSoftwareSaaS
HobSpaceMumbai204,800SeedArtha Venture FundAngelList India, Upsparks, Icebreaker Tech LLP, Abhinav Ashokkumar Daga, Siddharth Bhaskar ShahTravel & Leisure-
Rare Planet Handicrafts Pvt LtdKolkata477,050Pre-Series AUni-M Ventures, Venture CatalystsSagar DaryaniRetail-
Pocket FM Bengaluru5.6 million (reported)Series ATencentLightspeed India, Times GroupInternetDigital Media

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.