India Deal Monitor: Saama Capital backs Sunstone Eduversity and more updates

Edtech startup Sunstone Eduversity has raised about $3.2 million (Rs 24 crore) in a Series A funding round led by Saama Capital with participation from Helion Advisors MD Ashish Gupta and PeopleStrong co-founder and CEO Pankaj Bansal.

Existing investors Prime Venture Partners, Rajul Garg and Purvi Capital also participated in the round, the startup said in a statement on Wednesday.

Sunstone will use the fresh capital to invest in its technology platform, hiring and curriculum. The company is also planning to use the funds to strengthen its efforts in creating industry-ready professionals and building its network of colleges across multiple cities, the statement added.

Founded by IMT-Ghaziabad alumnus Ashish Munjal and Piyush Nangru, Sunstone takes complete accountability of a student’s career by operating on pay after placement model. Students pay a nominal registration amount as an upfront fee and the remaining fee is to be paid only after getting placed at a job at the completion of the two-year full-time programme.

The startup claims to have received 10,000+ applications this year as compared to 2500 last year. Sunstone has enrolled 1000 students this year, which is a 3x growth over last year.

INDIA DEAL MONITOR

Here are 13 prominent venture capital transactions in India from September 27-30, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Sunstone Eduversity Gurugram3.2 millionSeries ASaama CapitalAshish Gupta, Pankaj Bansal, Prime Venture Partners, Rajul Garg, Purvi CapitalEducation/TrainingEdTech
PublicNoida35 million-Addition, SIG Global, Tanglin Venture Partners-InternetSocial Media
StayQriousBengaluru2 millionSeedLearnstartDraper Associates, Y Combinator, Dream Incubator, Lavni Ventures, Nitin SharmaEducation/TrainingEdTech
Etrio AutomobilesHyderabad3 millionSeries AJanardhan Rao-Automobiles Other Vehicles & PartsElectric/Hybrid Vehicles
CodeyoungBengaluru-SeedGuild Capital-Education/TrainingEdTech
FinancepeerMumbai3 millionPre-Series AMS FincapDanube, Aar Em Ventures, Angelbay Holdings, JITO Angel Network, HEM AngelsFinancial ServicesFintech Lending
Sapio AnalyticsMumbai150,000-Indeed Smart City-SoftwareAI and Machine Learning
ShipsKartDelhi225,000Pre-Series ABetatron-RetailE-commerce
Avanse Financial ServicesMumbai15 millionECBsWorld Business Capital-Financial ServicesFintech Lending
Oga FitBengaluru-Pre-Series AJoyance Partners-Healthcare ServicesFitness & Wellness
7ClassesMumbai--Venture Catalysts-Education/TrainingEdTech
SquadStackSan Francisco, New Delhi5 millionSeries AChiratae VenturesBlume VenturesSoftwareSales & Marketing Software
smallcaseBengaluru14 millionSeries BDSP Group, Sequoia Capital India, Blume Ventures, Beenext, WEH VenturesArkam Ventures, Utpal Sheth, Kunal ShahFinancial ServicesInfrastructure

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.