India: BetterPlace, TableHero, RentSher raise seed funding; Actor Saumya Tandon backs Jugnoo

In a spate of funding news in India, Bengaluru-based BetterPlace and TableHero have raised $1 million each in their respective seed rounds. Also online platform for renting daily items RentSher raised $300,000 from angel investors and autorickshaw aggregator Jugnoo roped in actress Saumya Tandon as an investor and brand ambassador.

BetterPlace raises $1m from Unitus Seed Fund

Safety solutions provider BetterPlace has secured around $1 million funding from Unitus Seed Fund for its expansion plans.

With the investment from Unitus, BetterPlace will accelerate its technology development, increase operational capability and add geographic presence, the company said in a statement.

Co-founded by chief executive officer of SIS Group, Uday Singh, and former global head of cloud ERP at SAP, Pravin Agarwala, BetterPlace carries out background verification for new hires, with a focus on the blue-collar workers in the logistics and hyperlocal services space.

“Our major revenue stream is the on-demand sector which uses our solution for hiring blue-collar workers. Going ahead, there is a larger opportunity in orders for individual checks, finance institutions and others,” Agarwala said.

TableHero raises $1m seed funding led by growX ventures

US and Bengaluru-based intelligent operating system for small local businesses, TableHero, has raised about $1 million in seed funding, led by growX Ventures.

The startup plans to use the funding to further product development as well as to bolster its engineering and product design team.

The round also saw participation from FreeCharge founders Kunal Shah and Sandeep Tandon; IVFA partner and ex-CEO of Network18 Haresh Chawla; Powai Lake Ventures; and GlobeVestor.

“The early founding team at TableHero is a group of the most talented engineering and product design folks that I’ve had the pleasure to work with. The first product in this stack will be an intelligence-driven, one-click website maker for restaurants,” said Deap Ubhi, CEO of TableHero.

TableHero will initially launch its services in the US and will be targeting restaurants as its early adopters.

“We’re investing in Table-Hero, above all, for the team,” said Sheetal Bahl, CEO of growX ventures.

RentSher raises $300k seed funding

RentSher, an online renting platform for daily household products, has raised $300,000 in seed funding led by ex-McKinsey executive Vaibhav Doshi and InMobi co-founder Abhay Singhal.

Unicommerce co-founder Vibhu Garg, Nimbuzz COO Joby Babu, Abhishek Acharya (GM of Philips India) and Wipro executive Manish Shah also participated in this latest round.

The startup plans to use the funds for product development and to expand its offerings.

“We will strengthen the platform and build features such as geo-tagging and supply chain automation,” said Abhijit Shaha, co-founder and president of product & strategy, RentSher said, in a release.

Founded by Abhijit Shaha, Harsh Dhand and Karandeep S Vohra, RentSher is operational in Bengaluru and Delhi.

Actress Saumya Tandon backs auto rickshaw aggregator Jugnoo

Auto rickshaw aggregator Jugnoo  has roped in actress Saumya Tandon as an investor and its brand ambassador. The actress invested an undisclosed amount into the startup.

“With Saumya coming on board, our patrons and new users will have a face to connect with and her popularity will aid better brand recall. As far as her investments are concerned; it will assist us to augment our capacity,” Samar Singla, Founder and CEO, Jugnoo said,

Founded in 2014, Jugnoo has since become one of the leading auto-rickshaw aggregators with 30,000 people transacting per day.

Last month, Jugnoo had has raised $5.5 million in Series B round of funding led by digital wallet firm Paytm with participation from Snow Leopard Ventures.

Also Read:

 India Dealbook: ActOnMagic, Indulge Beverages raise funds; Toppr acquires Manch

India: Ratan Tata bets on Jungle Ventures-backed retail tech firm Snapbizz

Indian e-commerce major Snapdeal raises $200m from Canadian pension fund, Iron Pillar

 

 

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.