India Dealbook: Startups Kissht, Leverage Edu, Meetingsandoffices.com & Hevo Data raise funds

Fintech startup Kissht, education technology firm Leverage Edu, workspaces aggregator Meetingsandoffices.com and technology firm Hevo Data have raised funds.

Fintech firm Kissht raises $10m funding round led by Fosun

China-based Fosun International has led a $10-million round of funding in Mumbai-based fintech startup Kissht, according to a report in The Economic Times quoting sources.

According to sources cited in the report, the deal, which closed last week, also saw participation from Kissht’s existing backers, early-stage venture capital firms Ventureast and Endiya Partners.

According to reports in June, Kissht had received $2 million in funding from VC firm Endiya Partners and Ventureast, prior to which it had raised seed funding of about $1 million.

Founded in 2015, Kissht provides collateral-free loans to consumers to facilitate purchases such as mobiles, laptops, jewellery and electronics.

Ed-tech startup Leverage Edu secures angel funding

Leverage Edu, an online platform for higher education services, has raised seed funding from an undisclosed amount from a clutch of investors.

According to a report in The Economic Times, the Delhi-based firm received financing from Indifi Technologies co-founder Alok Mittal, Innov8 founder Ritesh Malik, ET 40Under40 Deepak Jain and California State University Professor Jim Schmidtke.

Earlier this year in August, the company had announced raising funding from angel investors including Kashyap Deorah, founder of HyperTrack; VRL Logistics managing director Anand Sankeshwar; Sadashiva NT, former chief financial officer of Babajobs; and Arjun Mehta, former CFO at American Express India, among others.

Meetingsandoffices.com receives angel funding

Meetingsandoffices.com, a platform aggregating shared and flexible workspaces, secured angel investment at the Nasscom Product Conclave Live Funding event.

Meetingsandoffices.com secured investments from five investors led by Abhishek Bhatewara, along with angel investors Sharan Aggarwal, Sandipan Chattopadhyay, Anu Gupta and Gagan Gupta, and Ajeet Khurana, according to an official statement.

Founded in 2015, Meetingsandoffices.com is a managed marketplace which aggregates verified and curated meeting, conference and training facilities, day offices, and shared workspaces into an easy access application with search, comparison and total fulfilment capability. 

Hevo Data raises $1m seed funding led by IDG Ventures

Hevo Data, a cloud-based data-integration platform, has raised $1 million in a seed funding round led by IDG Ventures India.

The US-Bengaluru-based firm plans to use this funding to expand its operations in the US and hire a team.

Hevo Data was founded in 2016 by Manish Jethani and Sourabh Agarwal. Jethani and Agarwal had earlier founded food delivery app SpoonJoy, which was acquired by hyperlocal grocery and online grocer Grofers in 2015.

“Today, enterprises are investing heavily in technology to strengthen and empower their data teams to gain the competitive advantage in their space.We invested in Hevo Data because we saw a strong team building a product that fills a critical gap in the market,” said Venkatesh Peddi, Executive Director, IDG Ventures India.

Its customers include food delivery provider Swiggy and integrated healthcare platform Cure.fit, among others.

Also Read:

Fintech co Kissht bags $2m from Endiya Partners

India: Online education startup Leverage Edu raises seed 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.