India Dealbook: BattRE, Board Infinity raise funds; PayNearby acquires We Care

Photo: Reuters

Ex-Tata Motors’ president Gajendra Chandel has invested in BattRE while Board Infinity, an ed-tech startup, has raised Rs 2.2 crore in an angel round. In a separate development, PayNearby said it has acquired We Care Insurance Broking Services.

Former Tata Motors exec backs BattRE

Ex-Tata Motors’ president Gajendra Chandel has invested in BattRE, an electric scooter startup based in Jaipur, per an announcement on Monday.

The funds will be utilised for the launch of new models, increasing production capacity and scaling up the distribution and service network, the startup said in a statement.

BattRE Electric Mobility has introduced affordable e-scooters and packaged a whole gamut of features and services to enhance the customer experience as they step into the green technology revolution. It is a smart vehicle that uses cloud-based GPRS to connect with a smart-phone app and store all vehicle-related data online.

Board Infinity gets angel funding

Board Infinity, an ed-tech startup, has raised Rs 2.2 crore in an angel round of funding from a clutch of angel investors, it announced on Monday.

Prominent angel investors who had invested in Board Infinity include Ambarish Raghuvanshi, ex-CFO of Infoedge; Maheshwer Peri, founder of Careers360; Manish Gupta, founder of UINCEPT- EdTech accelerator, among others.

Founded in 2017 by Abhay Gupta and Sumesh Nair, Board Infinity provides short skilling courses delivered by industry experts in live classes format across emerging technologies, management roles. The startup will use the funds to improve the technology platform and expand its current learner base in tier 2-3 cities, it said in a statement.

PayNearby acquires We Care Insurance

Fintech startup PayNearby on Monday said it has acquired We Care Insurance Broking Services for an undisclosed amount.

The acquisition comes after PayNearby was granted an insurance broking licence by the Insurance Regulatory and Development Authority, it said in a statement.

Through the creation of Nearby Insurance Broking Services Pvt Ltd, PayNearby will use its existing network of close to six lakh retailers to sell the financial product to people who have never bought insurance before.

 

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.