India Dealbook: Harsha Bhogle backs Chqbook; Matrix leads funding in Pesto

Harsha Bhogle on left

Education technology startup Pesto and fintech startup Chqbook are among the latest Indian startups to have raised funds.

Harsha Bhogle backs Chqbook

Gurugram-based fintech startup Chqbook on Tuesday announced that it has raised an undisclosed amount in funding from cricket commentator Harsha Bhogle.

Founded in 2017, Chqbook allows customers to explore, compare and buy personal finance products such as personal loans, home loans and credit cards. The startup uses its proprietary artificial intelligence platform TARA to provide a choice of personalized, pre-approved products through its partnerships with banks.

“With 40 per cent of the population having no association with any bank and more than 80 per cent of the transactions carried out through cash, financial services are largely underpenetrated in India. This under-penetration, combined with the rapidly growing youth demographics and rising adoption of smartphones, presents a huge opportunity for ChqBook,” Bhogle said.

Matrix leads funding in Pesto

Education technology startup Pesto has raised an undisclosed amount in a seed funding round led by venture capital firm Matrix Partners, it announced on Thursday.

According to several media reports, the total capital raised by the startup is close to $2 million. Others who participated in the investment round included Swiggy founders Sriharsha Majety, Rahul Jaimini and Nandan Reddy; Innov8 founder Ritesh Malik; Posist founder Ashish Tulsian and Jack Yeung of OIC Capital.

“There’s a severe shortage of tech talent in certain parts of the world (US, Canada, Europe, etc.) and we believe that India has a large number of undiscovered tech talent that can fill this gap,” said Pesto founder Ayush Jaiswal.

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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.