India Dealbook: Aibono, EroNkan, SparesHub secure funding

Agricultural paddy

Agtech startup Aibono, IoT startup EroNkan, and automobile parts marketplace SparesHub are among the latest Indian startups to have raised funding.

Menterra leads $2.5m round for Aibono

Artificial intelligence-powered fresh food aggregation platform Aibono has raised $2.5 million in a pre-Series A funding round led by social impact investor Menterra Venture Advisors.

The round also saw the participation of Silicon Valley-based Milliways Venture, Zurich-based Artha Ventures, Japanese fund Rebright Partners and venture capital firm 3one4 capital.

The startup will use the funds to power its next phase of growth, wherein it plans to expand its market reach to more cities, rope in 1,000+ standalone retailers, strengthen logistics and ramp up its headcount. The company has more than 400 farmers on its network currently.

GVFL backs IoT startup EroNkan

Venture capital firm GVFL has invested an undisclosed amount in a Series A funding round for IoT startup EroNkan Technologies Pvt. Ltd, per an announcement.

EroNkan, which is headquartered in Ahmedabad with a product development centre in Bangalore, provides the infrastructure that enables IoT technology for applications across various industries including food and beverages, pharmaceuticals and discrete manufacturing verticals.

The startup plans to use the funds for technology development and to scale its operations.

Indian Angel Network invests in SparesHub

Indian Angel Network has invested Rs 3.5 crore in Pune-based automobile parts marketplace SparesHub.

The funding was led by Indian Angel members Neeraj Garg, Harsh Gandhi and Ankur Agarwal. The startup’s existing investor Holomua Group also participated in the round.

SparesHub will utilise the funds for geographical expansion and strengthening its technology capabilities.

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.