India Dealbook: Startups MUrgency, Ketchupp and Curiositi raise funds

Rishad Premji has backed MUrgency, while foodtech startup Ketchupp has raised funds from India Quotient and angel investors. Also Curiositi has got funds from Menterra Social Impact Fund and Unitus.

Rishad Premji backs emergency response startup MUrgency

Wipro’s scion Rishad Premji is the latest Indian corporate honcho to back emergency response startup MUrgency after Ratan Tata and Infosys cofounders Kris Gopalakrishnan and SD Shibulal through their investment venture Axilor, according to a report in The Economic Times.

While the financial details of the deal were not disclosed, sources quoted in the report estimate the investment to be under $100,000.

As per the report this latest investment, which Premji made in his personal capacity, comes before a planned road show for MUrgency to raise funds globally in March.

The Silicon Valley-based startup currently operates in two regions and is planning a large scale expansion. In its current phase it is rolling out in NCR, Mumbai, Bangalore, Chennai, Hyderabad, and Kolkata. It also plans to launch service in Mexico within this financial year.

Ketchupp raises $500k from India Quotient, angel investors

Venture capital firm India Quotient has led a $500,000 seed round of investment in meta search engine for online food ordering Ketchupp.

According to a report in The Economic Times, the round also saw the participation of some undisclosed investors.

The company acts as a food discovery platform that allows a search, based on a dish rather than a restaurant. It also compares prices across platforms and offers choice on where one can order at the best prices. However, it does not offer ordering of food on its platform, instead it redirects traffic to the restaurants or food delivery platforms.

Ketchupp will use the capital raised to develop its technology in a bid to hone the platform from just a search engine to a suggestionbased model. “We will invest in big data, recruit talent in that vertical and expand the team,“ said Chirag Taneja, cofounder of Ketchupp.

Education startup Curiositi raises funds from Menterra, Unitus

Education startup Curiositi Learning Solutions has raised Series A funding from Menterra Social Impact Fund.

Existing investor, Unitus Seed Fund also participated in the round,

Curiositi, which develops learning programmes that integrate the benefits of activity-based learning with personalised software, claims to have  over 20,000 paid subscribers.

“This round is a validation of Curiositi’s offering and the impact it has created in improving learning outcomes for more than 25,000 students. The new capital will help in accelerating the product development and fuel expansion to over 100,000 students in the next two years,” said Srikanth Iyer, Venture Partner, Unitus Seed Fund.

Menterra has also backed other education startups like Math Buddy. This is Menterra’s fifth investment since its launch in January 2016; previous education investments also include Leap Skills Academy, in addition to medtech startup Biosense Solutions and agricultural enterprise Nubesol.

Also Read:

India: Ratan Tata backs medical emergency response startup MUrgency

India Dealbook: MUrgency, iCHR raise funds; US’ BIOWORLD Merchandising acquires Vox Pop

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.