India Deal Monitor: Amicus Capital invests in mCaffeine and more updates

Mumbai-based Pep Technologies Pvt. Ltd., which owns skin and hair care brand mCaffeine, has raised about $5.6 million (Rs 42 crore) in Series B funding led by Amicus Capital, along with RPSG Ventures, and Aman Gupta, founder of Boat Audio.

The startup’s existing investor Telama Investments also participated in the funding round.

“We will utilise the funds in scaling up our R&D capabilities significantly. Apart from R&D, we will invest in expanding our distribution across digital channels and continue to grow our operations, brand building and organisational scale-up. There are about 20 products in the portfolio so far and we have aggressive plans to further launch 15-20 products in the next one year,” Tarun Sharma, co-founder & CEO, mCaffeine said.

mCaffeine had raised $2 million in Series A round of funding in June 2019 from a group of investors led by RPSG Ventures. Currently, mCaffeine has 20 skin and hair care products in its portfolio that it sells across 18,000 pin codes.

INDIA DEAL MONITOR

Here are the prominent venture capital transactions in India from September 20-23, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals 
mCaffeineMumbai5.6 millionSeries BAmicus Capital, RPSG Ventures, Aman Gupta, Founder of Boat AudioTelama InvestmentsConsumer ProductsBeauty & Hygiene
InsuranceDekhoGurugram20 million-GirnarSoft-InsuranceInsuretech
ServifyMumbai23 millionSeries CIron PillarBlume, Beenext, Tetrao SPF, funds managed by Global Alternatives Investor 57 Stars, Sparkle Fund, SF Roofdeck Capital LLC, Go Ventures, Singularity Ventures, Synergy Capital Partners, Trifecta CapitalConsumer Services-
Waybeo Technology SolutionsThiruvananthapuram-EquityBharti Airtel-TelecomsCloud Computing
Irida Interactive Pvt Ltd (ClanConnect.ai)Delhi680,000SeedVenture CatalystsSamarth Bedi, Sandeep Aggarwal, Aakrit Vaish, Haresh HingoraniMarketing/AdvertisingAI and Machine Learning
OnsitegoMumbai10 millionSeries BIFC-Consumer Services-
MelorraBengaluru12.5 million-Symphony Asia, Lightbox Ventures, Alteria CapitalFamily offices of Burman, JeejeebhoyConsumer ProductsE-commerce
Vivriti CapitalChennai14 million-Creation Investments-Financial ServicesFintech Lending
GenieTalkIndore750,000AngelShankeshwar Technologies LLP-SoftwareAI and Machine Learning
PrecilyPalo Alto, New Delhi-SeedWindrose Capital-SoftwareSaaS
BestDocKerala1.2 millionPre-Series AAccel, Arkam VenturesSEA FundHealthcare ServicesHealthTech
ClassplusNoida10.2 million-Alpha Wave Incubation, RTP Global, Blume Ventures-Education/TrainingSaaS

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.