India Deal Monitor: Beenext leads $3.1m round in Fleetx.io and more updates

Fleetx Technologies, which owns and operates SaaS fleet management and predictive analytics platform Fleetx.io, has raised $3.1 million in a pre-Series B funding round from existing investors, including Singapore-based Beenext and India Quotient.

In a statement, Fleetx said, it will deploy the funding proceeds for scaling in India and other markets, strengthening product and technology, and hiring talent.

Founded in 2017 by Vineet Sharma, Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra, Fleetx offers a suite of software-based products to help mid to large fleets to monitor and optimise their day-to-day logistics operations. The startup has also launched an enterprise product for industries to reduce delays and provide risk detection.

The Gurugram-based startup had raised $2.8 million as a part of its Series A round led by Beenext and India Quotient about eight months ago. The round had also seen the participation of Snapdeal founders Kunal Bahl and Rohit Bansal, Fung Capital managing director Rajesh Ranavat and Temasek Holdings associate director Rohan Ranavat.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from October 12-14, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Fleetx.ioGurugram3.1 millionPre-Series BBeenext, India Quotient-SoftwareAI and Machine Learning
Renewate Infrastructure Technologies Pvt LtdPune-Pre-SeedBetter Capital-Real Estate Development & Operating Company Real Estate Tech
TeaMonkBengaluru886,766Pre-Series AInflection Point Ventures Sarcha Ventures, Lead AngelsFoodE-commerce
TREADBengaluru1.1 millionPre-Seed-Gaurav Munjal, Roman Saini, Hemesh Singh, Sujeet Kumar, Kunal Shah, Amrish Rau, MPL Sai Srinivas, and Shubh Malhotra, Jitendra Gupta, Phanindra Sama, Better Capital, Whiteboard Capital, FirstCheque, Stanford AngelHealthcare ServicesFitness & Wellness
AnveshanBengaluru152,796Pre-SeedTitan Capital-FoodFoodTech
Wow! Momo FoodsKolkata6.1 millionDebtAnicut Capital-Food-
Pepper ContentMumbai4.2 millionSeries ALightspeed IndiaBeerud Sheth, Balaji Srinivasan, Gaurav Munjal, Utsav SomaniMarketing/Advertising-
InnAccel Technologies Pvt LtdBengaluru1.5 million-Mount Judi Ventures-Medical Devices & EquipmentHealthTech

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.