India Dealbook: P2P lender AnyTimeLoan, prop-tech startup Foyr, tech firm Imanis raise funds

While Spice Digital is investing up to $3.9 million in AnyTimeLoan, prop-tech startup Foyr has raised $3.8 million from JLL and others. Also, Wipro has put in an additional $2 million in US-based tech firm Imanis.

Spice Digital to invest up to $3.9m in AnyTimeLoan

Spice Digital, a subsidiary of mobile phone company Spice Mobility, has agreed to invest up to Rs 25 crore in peer-to-peer lending platform AnyTimeLoan, operated by Luharia Technologies Pvt Ltd (LTPL).

“As part of the digital strategy, fintech will be one of our core areas of growth. Given the lack of access of formal credit to a significant part of the population, we believe that new age digital platforms can help bridge this gap, bringing a larger population base into the formal financial economy,” Dilip Modi, chairman of Spice Mobility, said in a statement.

Spice Mobility runs Spice Money, a fintech business offering financial services. 

“SDL (Spice Digital) will invest in 0.1 per cent Compulsorily Convertible Preference Shares of LTPL which will result in a minimum shareholding of 30 per cent of the issued and paid up Equity Share Capital of LTPL upon conversion of the said CCPS in Equity shares of LTPL,” as per a stock exchange filing.

Prop-tech startup Foyr raises $3.8m from JLL, others

Prop-tech startup Foyr.com has raised $3.8 million funding in a Series A round by property consultancy firm Jones Lang LaSalle (JLL) and a clutch of individual and non-institutional investors.

The Hyderabad-based company was initially seed funded by Astarc Ventures and Brick Eagle. JLL India Real Estate Technology Ventures had first invested in Foyr in October last year.

“With the latest round of funding, Foyr will enhance its technology stack and launch new products by next year,” according to an official statement. “The funding will enable deeper integration of Foyr’s proprietary technology in real estate projects and expansion of the brand in global markets,” it added.

Founded in 2015, Foyr uses technology, virtual reality and real-time market intelligence to provide visualization solutions to home owners, architects, interior designers, builders and the real estate.

Wipro invests $2m more in US-based Imanis

Indian technology major Wipro Ltd has invested another $2.05 million in US-based Imanis Data, formerly known as Talena.

With this latest funding, Wipro’s total investment in Iman is $4.05 million, according to a stock exchange filing. The transaction has been done through cash and note conversation, it added.

Wipro has acquired minority stake of less than 20 per cent on a fully diluted basis in Delaware-headquartered Imanis, which was founded in 2013.

The Indian software company had earlier invested in the US-based software company in 2015 through its venture capital arm, Wipro Ventures.

Also Read:

Property consultant JLL India sets up realty tech investment arm

India: Spice Mobility acquires 23% stake in education firm Sunstone Eduversity 

India: Wipro Ventures invests in app-testing firm Headspin

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.