India Deal Monitor: Bugworks Research snags $7.5m and more updates

Biopharma startup Bugworks Research Inc has raised $7.5 million in a fresh funding round, led by the University of Tokyo Edge Capital (UTEC) Japan and Global Brain Corporation (Global Brain) Japan, along with Acquipharma Holdings, South Africa.

The latest round takes the Bengaluru and Delaware-based startup’s total funding to $19 million to date, it said in a statement Wednesday.

The corpus raised will enable Bugworks to complete phase 1 studies for its GYROX series intravenous drug candidate, as well as advance an oral lead towards clinical development, the statement added.

“As witnessed with COVID-19, infectious diseases are threatening human existence. AMR (antimicrobial resistance) is a serious issue and Global Brain regards this as a big unmet medical need. We consider India to be an important region, both from innovation and market perspective and are hence accelerating our investment activity in India,” said Yasuhiko Yurimoto, Founder-CEO & General Partner Global Brain.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India from April 17-April 23, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
Bugworks ResearchBengaluru, Delaware7.5 million-University of Tokyo Edge Capital (UTEC) Japan, Brain Corporation Japan, Acquipharma Holdings-Biotechnology
BijakGurugram12 millionSeries ARTP GlobalSurge Ventures, Omidyar Network, AL Trust, Tempo Ventures, Omnivore PartnersAgTech
YAPChennai4.5 millionSeries ABEENEXT8i Ventures Fund, The Sparkle Fund, Better Capital, Alok Mittal, Ashneer Grover, Amrish Rau, Jitendra Gupta, Abhishant PantFinTech
MindhouseGurugram677,083-Pankaj ChaddahAnand Chandrasekaran, Sahil Barua, Karan Singh, Ambarish Raghuvanshi Health & Wellness
SoMEBengaluru-AngelUday Singh-EdTech
CredRMumbai-DebtStride Ventures-E-Commerce

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.