India Deal Monitor: Aibono raises $2m from Rebright Partners, others

Bengaluru-based agritech startup Aibono has raised $2 million funding from Rebright Partners, Mitsui Sumitomo Insurance Venture Capital and Lesing Artha, a subsidiary of Rianta Capital.

“With this round of funding, we will now invest to scale capacity and increase supply to our existing Kirana businesses, expanding to institutional retail, as well as making possible direct-to-home supply of super perishables via modern delivery platforms like Swiggy, Dunzo, and Amazon in the next phase of our growth,” the startup’s founder and CEO Vivek Rajkumar said.

With the help of its AI powered full-stack farm services and demand-supply syncing technology, Aibono helps farmers from the Nilgiris and surrounding villages in Tamil Nadu to grow premium perishable vegetables and herbs with better yields.

Currently, Aibono is working with more than a thousand farmers and 800 retailers. It is targeting to double the number of farmers on its platform to 2,000.

INDIA DEAL MONITOR

Here are 15 prominent venture capital transactions in India from September 1-6, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Aibono Smart FarmingBengaluru2 million-Rebright Partners, Mitsui Sumitomo Insurance Venture Capital, Lesing Artha-AgribusinessAgTech
Fantasy AkhadaGurugram--Harsha Bhogle -Travel & LeisureeSports
RailofyMumbai953678SeedChiratae Ventures-Transportation ServicesRidesharing/Transport
TrukkyGurugram--Mumbai Angels Network-Logistics/DistributionN/A
DunzoBengaluru28 millionSeries EGoogle International LLC, Lightstone Fund S.ALightbox Ventures III, 3 L Capital I, LP, Pivot Ventures, Moving Capital Lp, Bhoruka Finance CorpLogistics/DistributionE-commerce
GaanaNoida50 millionDebtTencent HoldingsTimes InternetInternetN/A
WinZODelhi18 millionSeries BMakers Fund, Courtside VenturesRevant Bhate, FinAdvantage, Indigo Edge, Paavan Nanda, Saumya Singh RathoreTravel & LeisureeSports
Entropik TechBengaluru8 millionSeries AAlpha Wave IncubationBharat Innovation Fund, IDFC Parampara FundSoftwareAI and Machine Learning
UnacademyBengaluru150 million-SoftBankGeneral Atlantic, Sequoia India, Nexus, Facebook, Blume VenturesEducation/TrainingEdTech
ZomatoGurugram62 million-Temasek Holdings-FoodFoodTech
LivspaceSingapore/Bengaluru90 millionSeries DKharis Capital, Venturi PartnersEDBI, FFP, Pidilite, Ingka Investments, TPG Growth, Goldman Sachs, UC-RNT, Bessemer VenturesInternetN/A
SenseHawkCalifornia/Bengaluru5.1 millionSeries A1Alpha Wave Incubation (AWI)SAIF PartnersSoftwareSaaS
StrataBengaluru19 million---Financial ServicesReal Estate Tech
Satin CreditcareGurugram6.8 millionBondsState Bank of India-Financial ServicesFintech Lending
Ultraviolette AutomotiveBengaluru4 millionSeries BTVS Motor Company Ltd-Automobiles Other Vehicles & PartsElectric/Hybrid Vehicles

 

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.