India Deal Monitor: Airmeet raises $3m from Accel and more updates

Virtual meetup management startup Airmeet has raised $3 million in a funding round led by venture capital firm Accel India.

The financing also saw participation from VentureHighway, Global Founders Capital and angel syndicate of CloudCapital, BetterCapital, 100x Entrepreneur Fund, and Sequoia Scout, YourStory reported.

Founded by Lalit Mangal, co-founder of CommonFloor, along with other former CommonFloor executives Vinay Jaasti and Manoj Singh, Airmeet plans to improve the product and add support for multiple many formats of events, the report said.

The platform claims to host up to 1 million attendees in a conference.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India for March 4-March 8.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
Hector Beverages (Paper Boat)Bengaluru4 million-Advent Management, A91 Emerging Fund, Trifecta Venture-Food & Beverages
AirmeetBengaluru3 million-Accel IndiaVentureHighway, Global Founders Capita, angel syndicate of CloudCapital, BetterCapital, 100x Entrepreneur Fund, Sequoia ScoutSoftware/Software Services
GyanaLondon3.9 millionPre-Series AFuel Adventures, Twitter Co-founder Biz Stone, Green Shores Capital, U+I-Software/Software Services
StrataBengaluru1.5 millionSeedSAIF Partners, Mayfield India-RealtyTech
Arya Collateral Warehousing Services Pvt LtdNoida6 million Pre-Series BOmnivore, LGT Lightstone Aspada-Warehousing
SaleskenBengaluru8 millionSeries ASequoia India-Software
Molbio DiagnosticsGoa33 millionPEMotilal Oswal PE-Healthcare

 

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.