India Dealbook: Innoplexus, enKast, ShopKirana raise funds

Startups Innoplexus, enKast and ShopKirana have raised funds.

Innoplexus raises funds from German VC HCS

Indo-German data as a service startup, Innoplexus has raised an undisclosed amount funding in its Pre-Series A round from German venture capital fund HCS.

Subsequently, Hans-Christian Semmler, Managing shareholder of HCS will join as Chairman of the supervisory board of Innoplexus, the company said in a statement.

The startup plans to use the latest funding to file patent applications, develop its trademark platform, iPlexus, and for marketing purposes.

Innoplexus helps life sciences companies generate actionable insights across pre-clinical, clinical, regulatory and commercial stages of a drug. It is is a consulting-led technology and product development company focussed on big data and analytics.

enKast raises $2m from Ivy League Alumni Angel Network

Seamovation Labs, which operates enKast a platformthat enables modeling and talent agencies to monitor and optimise available resources in real time, has raised around $2 million from Ivy League Alumni Angel Network led by Manish Maheshwari, chief executive at Network 18 Digital, said a report in The Economic Times.

The Bengaluru-based startup plans to use the funds in its pre-Series-A round for product enhancement and strengthening its team

“This funding will enhance the scalability and quality of enKast’s on demand platform and utility application suits. We will be strengthening our core team with more focus on artificial intelligence, which will aid production houses agencies in decision-making capabilities more accurately,” said Amruth Charmana M, chief executive at the Seamovation.

“enKast helps agencies manage and showcase their models and talent artists. It is a simple and easy to use cloud-based software product. It has rich utility tools, which enables them to increase performance and become more competitive. The pain point addressed is global in nature and the way it is addressed is technologically scalable,” said investor Manish Maheshwari.

Japan’s Incubate Fund leads bridge round in ShopKirana

Japanese seed-stage investors Incubate Fund has led a bridge round of funding in ShopKirana, a B2B platform for merchants and small retailers, according to a report in The Economic Times.

While the quantum of the investment was not disclosed it is estimated to be between Rs 2 crore and Rs 3 crore. Other investors including Mumbai-based Lead Angels Group and senior executives from leading FMCG companies, also participated in the round.

In February the Indore-based firm said it had raised an undisclosed amount of funding from former Samsung executive Atul Jain and HolaChef founder Anil Gelra. Former Senior VP of Mondelez, Jaikumar Nair also participated in the round along with some other executives in the FMCG industry.

Also Read:

India: B2B platform ShopKirana raises angel funding; plans to expand to 10 cities

India Dealbook: The BlueBook, Supr Daily, E-Vegetailing & MCaffeine raise funding

 

 

 

 

 

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.