Alteria Capital backs Oye Rickshaw and 9 more India deal updates

Electric vehicle energy solutions firm Oye Rickshaw on Monday said it has raised about $3.2 million (Rs 24 crore) from venture debt firm Alteria Capital to expand smart lithium-ion batteries swapping stations across India.

Currently, the company has 15 active battery swapping stations and it plans to expand to 650 across Delhi-NCR and five more cities by December 2021, PTI reported.

With the latest investment, the company’s total funding stands at Rs 84 crore. It had earlier mopped up Rs 60 crore from several investors, including Chiratae Ventures, Matrix Partners, Xiaomi, and Pawan Munjal group.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from March 28-April 5, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Oye RickshawDelhi3.2 millionDebtAlteria Capital-Transportation ServicesElectric/Hybrid Vehicles
MeeshoBengaluru300 million-SofteBank Vision Fund 2Prosus Ventures, Facebook Inc., Shunwei Capital, Venture Highway, Knollwood InvestmentRetailE-commerce
Do Your ThngGurugram150,000-Mumbai AngelsFaad Network and Angel BayMarketing/AdvertisingDigital Media
Crejo.FunBengaluru3 million (reported)Pre-SeedMatrix Partners India, 021 Capital-Education/TrainingEdTech
EunimartHyderabad700,000Pre-Series A-LetsVenture, 9Unicorns, Loyal VC, Supply Chain LabsRetailE-commerce
Circus SocialBengaluru1 millionPre-Series AInflection Point VenturesGanesh Mohan, Samit Shetty, Royston Tay, Kwok Yang Bin, Srinivasan Venkita PadmanabhanSoftwareBig Data
StashFinDelhi40 millionSeries B-Altara Ventures, Uncorrelated Ventures, Integrated Capital, Kravis Investment Partners, Saison Capital, Tencent Cloud Europe BV, Alto Partners, Snow Leopard Ventures, Positive MovesFinancial ServicesFintech Lending
ChingariBengaluru13 million-OnMobileRepublic Labs US, Astarc Ventures, White Star Capital, Rajat Sharma of India TV, JPIN Venture Catalysts Ltd, ProfitBoard Ventures, Raghunandan GInternetSocial Media
EasebuzzMumbai4 millionSeed8i Ventures, Varanium Capital, Guild CapitalAmrish Rau, Jitendra GuptaFinancial ServicesFintech
LegitquestDelhi680,272Pre-Series AInfo Edge, Waterbridge VenturesOutsourcingResearch (non-medical)

 

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.