India Deal Monitor: Music app Flutin raises funding and more updates

Indian pop star Sukhbir Singh has invested an undisclosed amount in international music startup Flutin, per an announcement.

Founded by Prankush Roopanwal, Sumit Chakraborty and Vishu Gupta in 2015, Flutin is a music discovery platform focused towards independent artists. It draws on user behaviour to predict what new music might work in listeners’ playlists, based in part on their location and the behaviour of those nearby. Thus, fans who love similar music, or people engaging in a similar activity in a similar location, are encouraged to check out new tracks and find their next favourite song.

Vishu Gupta, founder and CEO, Flutin, said, “We are thrilled that Sukhbir has agreed to collaborate with us, both on the business and creative sides. He sees how Flutin is bringing innovation to the music industry in India and around the globe, and how we’re bridging the gap for artists, especially those in the emerging category.”

Flutin claims to have over nine million downloads, over 300,000 daily active users (DAUs), and is streaming three million songs daily.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India from January 20-January 21.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
ZoomcarBengaluru30 millionSeries DSony Innovation FundExisting InvestorsTransportation
Digit InsuranceBengaluru84 millionEquityFaering Capital, TVS Capital, A91 Partners-InsurTech
Samya.aiUS6 millionSeedSequoia IndiaAshish Gupta, Deb Henretta, Arijit Sengupta, Deborah Kops, Sandeep SuglaTechnology
InstoriedBengaluru--SOSV, ChinacceleratorTechnology
Mera CashierNoida250,000SeedAmit Singal, Manish AggarwalVinod Abrol, Sanjeev Dhull, Gurvinder SinghFinTech
Flutin---Sukhbir Singh-Music
GetVantage Mumbai-SeedSamyakth Capital, Venture Catalysts-FinTech

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.