India Dealbook: ShoeKonnect, Digiarway, BookEventZ, BalleBaazi raise funding

Photo: Pixabay

Online cricket fantasy gaming platform BalleBaazi, B2B footwear marketplace ShoeKonnect, Digiarway Healthcare, and event booking platform BookEventZ are among the latest Indian startups to have secured funding.

Info Edge injects more into ShoeKonnect

Info Edge (India) Ltd, the parent of jobs portal Naukri.com and real estate website 99acres.com, has invested an additional $867,500 in B2B footwear marketplace ShoeKonnect. The company has acquired 6,000,000 compulsorily convertible preference shares in ShoeKonnect having face value of Rs.10 each, thus taking its shareholding in the company to 29.79 per cent, it said in a BSE filing on Tuesday. The investment would help the company to consolidate its presence in existing line of businesses within the Internet services industry.

Equanimity Ventures backs BookEventZ

Online event booking platform BookEventZ has raised an undisclosed amount in Series A funding from Mark Mobius-backed venture capital firm Equanimity Ventures, per an announcement. BookEventZ plans to use the funds to expand venues to 100 by October from 30 now. The startup expects to increase the number of flagship venues to about 1,000 by 2021. Following the expansion, the company also expects its number of event bookings to rise to 600-700 per month by end of the calendar year from the present 200 every month. Founded in 2013, BookEventZ claims to have served over 350,000 events so far and lists over 10,000 properties in India.

BalleBaazi secures $1m funding from parent

Online cricket fantasy gaming platform BalleBaazi has secured $1 million in funding from Baazi Games, its parent company. With this investment, Baazi Games has consolidated its majority stake in the company. BalleBaazi plans to utilise the funds to further expand its verticals and introduce various concepts to enhance the user experience, it said in a statement on Wednesday. Since its inception last year, BalleBaazi boasts of having reached around a million users per month.

Digiarway gets funding from angel investors

New Delhi-based healthcare services provider Digiarway Healthcare Pvt Ltd has raised an undisclosed amount in funding from angel investors, The Economic Times reported. The investors include Ashwani Gupta, a hotelier and veteran real estate and early stage investor; Sunil Chawla, partner at growth stage PE fund advisor Jacob Ballas Capital; Sanjay Malhotra; and Harvinderjit Singh Bhatia, CEO of Radiowalla. The company will use the funds to ramp up operations in existing locations, and also establish presence in other cities in North India.

Also Read:

Silicon Valley-based Emergent Ventures injects $3m in India’s Kuliza Tech

India Digest: Godrej Agrovet ups Maxximilk stake; Arinna in funding talks

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.