India Dealbook: Dabur’s Amit Burman backs mental health firm; Info Edge fund invests in 2 startups

Amit Burman, chairman of fast-moving consumer goods firm Dabur, has acquired a stake in Delhi-based startup No Worry No Tension Healthcare (NWNT) in his personal capacity. Meanwhile, Info Edge (India) Ltd has clocked two investments in startups through its IE Venture Fund I, per a report by VC Circle.

Dabur chairman Amit Burman invests in mental health startup 

Amit Burman, chairman of fast-moving consumer goods firm Dabur, has acquired a stake in Delhi-based startup No Worry No Tension Healthcare (NWNT) in his personal capacity, per a report by the Economic Times.

NWNT is a one-stop solution for mental, emotional and behavioral health problems arising out of stress or lifestyle issues.

The funding is a part of the startup’s pre-Series A round.

NWNT claims to use a software-based counselling and consultation assessment tool to measure the emotional wellness of a person.

The funding signals a growing awareness of mental health issues in India. Other mental health startups that have garnered angel funding from investors in the past include Mumbai-headquartered NeuroLeap, and Wysa, which uses artificial intelligence to react to the emotions one expresses.

Info Edge fund backs Fanclash, Truemeds

Delhi-headquartered Info Edge (India) Ltd has clocked two investments through its IE Venture Fund I, per a report by VC Circle.

Info Edge operates various portals such as recruitment firm Naukri.com and matrimonial site Jeevan Sathi. It has pumped in Rs 3.5 crore in Fanbuff Esports India, which runs e-sports community engagement platform Fanclash, and Rs 3.70 crore in Intellihealth Solutions, which operates telehealth platform ‘Truemeds’.

IE Venture Fund I is Info Edge’s investment vehicle that focusses on technology-based startups. It has a corpus of Rs 100 crore.

While Fanclash was established in January this year, Intellihealth-led Truemeds was set up in February last year.

The funding will help both the startups expand their operation across the country.

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.