India Dealbook: Artha Venture backs Daalchini; upGrad acqui-hires CohortPlus

By Pramugdha Mamgain

July 5, 2019

In the startups space, Daalchini has secured funding from Artha Venture Fund while Ronnie Screwvala-led online higher education company upGrad has acqui-hired CohortPlus.

Artha Venture backs Daalchini

Daalchini Technologies, a phygital vending machine company, has raised Rs 3.5 crore ($510,580) from early-stage venture capital firm Artha Venture Fund.

The company plans to use the funds to expand its product range, improve logistics services, strengthen its brand identity, and to recruit a management team, it said in a statement.

Set up by former Paytm employees Prerna Kalra and Vidya Bhushan, Daalchini provides healthy, affordable, and home-cooked meals to corporate employees at affordable prices. Its products can be also be ordered through a mobile app.

upGrad acqui-hires CohortPlus

Ronnie Screwvala-led online higher education company upGrad has acqui-hired Bengaluru-based CohortPlus, an online community for product managers and data science enthusiasts.

Financial details of the deal were not disclosed.

“upGrad’s highly engaging online learning solution along with CohortPlus’s deep penetration in the community of Data Scientists and Product Managers, will allow us to reach a much larger and relevant audience,” Screwvala and Mayank Kumar, co-founders of upGrad in a joint statement.

Founded in 2015, CohortPlus claims that its community has more than 31,000 members.

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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.
APPLY NOW

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.
APPLY NOW