Endiya, Kalaari invest in SaaS startup Zluri and 11 more India deal updates

Zluri, a startup that helps mid-sized companies manage their software as a service (SaaS) applications stack, has raised seed funding of $2 million from Endiya Partners and Kalaari Capital, per an announcement.

Zluri is Kalaari’s first investment from its new fund.

The funding will help the startup expand sales, marketing, and engineering functions and build integrations and no-code workflow automation for SaaS applications, it said in a statement.

“With global expenditure on SaaS applications exceeding $100 billion, we believe SaaS operations management will be a very large opportunity,” said Kalaari Capital MD Vani Kola.

Founded by Sethu Meenakshisundaram, Ritish Reddy, and Chaithanya Yambari, Zluri’s solution helps companies manage their ever-growing subscription-based software stack, also knows as tech or SaaS stack.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from January 12-17, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
ZluriCalifornia2 millionSeedEndiya Partners, Kalaari Capital-SoftwareSaaS
MfineBenglauru16 million-Heritas Capitalfamily office of Y’S Investment Pte Ltd, SBI Investment, SBI Ven Capital, BEENEXT, Alteria CapitalHealthcare ServicesHealthTech
Gegadyne Energy LabsMumbai5 million-V-Guard Industries Ltd.-Energy Storage & Batteries-
UdayyGurugram2.5 millionSeedAlpha Wave Incubation, InfoEdge VenturesBetter Capital, Kunal ShahEducation/TrainingEdTech
UnacademyBenglauru50 millionEquity (Secondary)Tiger Global, Dragoneer Investment Group, Steadview Capital, General Atlantic-Education/TrainingEdTech
CoinSwitch KuberBenglauru15 millionSeries ARibbit Capital, ParadigmSequoia Capital India, Kunal ShahFinancial ServicesBlockchain
Infra.MarketThane6.8 millionDebtInnoVen Capital-ConstructionE-commerce
ReadyAssistBenglauru1 millionSeedSatish GrampurohitVisveswara Gupta Kothamachu, Nagaraj Srinivasa, Praveen Kumar, Siddramesh V Nara, Harish Srinivas Gudi, Lokesh Venkatappa, Tarun Kumar, Gururaj Deshpande, Vijay SambamurthiAutomobiles Other Vehicles & Parts-
ChaloMumbai7 million--Raine Ventures, Neeraj Arora, Amit Singhal, family offices of Saket Burman, Tarun Sawhney, Information ServicesRidesharing/Transport
KIWIDelhi250,000Seed-PointOne Capital, Core91 VC, AppyHighSoftwareHR Tech
Wright ResearchMumbai-Pre-SeedBSE Institute Limited Ryerson Technology Startup Incubation Foundation (BRTSIF)Innovation Partners Capital of Singapore, Ajat HukkooFinancial ServicesFinTech
BharatPeDelhi20 millionDebtAlteria Capital, ICICI Bank-Financial ServicesFinTech

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.