India Dealbok: Times Internet buys Viral Shots; Myly & Infurnia raise seed funding

By Bhawna Gupta

January 8, 2016

In a couple of fundraise and deals in Indian startups, Times Internet has acquired Viral Shots, a micro content app, while ed-tech startup Myly and furniture e-tailer Infurnia Furnishings have raised seed funding.

Times Internet acquires Viral Shots

The Times of India Group’s arm Times Internet has acquired Viral Shots, a Gurgaon-based micro content app, for an undisclosed sum.

Founded by Shalini Tewari and Kumar Apurva, Viral Shots curates stories from over 300 social and web destinations. The app currently serves the content in English, Hindi, Bengali and Telugu languages and plans to launch in all major or Indian languages by mid 2016.

“This fits into our prime goal of providing our readers an innovative and informative content experience. We found the format and curated content of ViralShots very addictive and their engagement with users was amazing and feel confident that this can become the number one app in its category,” said, Miten Sampat, VP, corporate development, Times Internet.

Myly raises $100k in seed funding from Newbie Promoter

Myly, the mobile-based education app, has raised $100k in seed funding from Newbie Promoter Pvt Ltd, as per a statement.

Run by Jaipur-based firm EduCommerce Technologies Pvt Ltd, Myly plans to use the money for  customer acquisition.

Founded in September 2014 by Gaurav Mundra and Madhup Bansal, Myly is a cloud based communication and transaction platform for institutions. Through the app, school and parents can exchange information.

Bangalore-based Infurnia raises $160K from Idein Ventures

Bangalore-based furniture-tech firm Infurnia Furnishings Pvt Ltd has raised $160k in seed funding from Idein Ventures.

As a part of the deal, Ashwin Srivastava of Idein Ventures will join the board of Infurnia.

Infurnia will use the funding to expand the business model development, marketing, sales and technology teams.

Founded in Sept 2014 by IIT alumni Nikhil Kumar, Infurnia has tie-ups with several companies and provides options to customise the furniture for its customers. It also  enables consumers to visualise and customise their furniture in 3D before buying it.

Also Read: India: Times Internet names Gulshan Verma as CRO
India: Times Internet buys out SMB e-commerce enablement platform Get Me A Shop
India: Online furniture platform Homestudio raises $5m from realty firm Bren Corp
India: Furniture e-tailer CustomFurnish secures $4.5m from Agnus Capital

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.
APPLY NOW

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.
APPLY NOW