India Dealbook: NFX Digital, Quickli, Pitstop raise funds; Enrich Salon buys Belita

While startups NFX Digital, Quickli, and Pitstop have raised funds, on-demand beauty services provider Enrich Salon has acquired rival Belita.

NFX Digital raises $1m led by Indian Angel Network

Indian Angel Network has led a $1-million funding round in NFX Digital, which owns and operates gamified consumer insights portal, Adytude. com, as per a report in The Economic Times.

Indian Angel Network member, Vikas Kuthiala, was the lead investor for the transaction and will be joining the NFX Digital’s board.

The Delhi-based startup had earlier raised about Rs 3 crore from ad film makers Prahlad Kakkar and Abhinay Singh Deo, among others.

500 Startups-backed Quickli raises bridge round

Last-mile delivery startup Quickli has raised a bridge round led by the AVG Group and US-based 500 Startups, according to a report in The Economic Times.

In September last year, the startup had raised seed funding from 500 Startups and former Rocket Internet partner Mato Peric.

“We are currently doing 2,000 orders a day in the Delhi-NCR area and will utilise the capital to enter new geographies including Bengaluru,“ said Rohan Diwan, cofounder of Quickli. “Close to 50% orders are in the food delivery space where we have tied up with restaurants directly. We also work with companies like Lenskart, 1 MG and others for delivering multiple orders in a milk run,“ he said.

Pitstop raises funding from angel investors

Car repair and servicing startup Pitstop has raised an undisclosed amount in funding from Alex Chua, chief operating officer of Singapore-based Goldbell Group; and the founder of Moglix, Rahul Garg.

The Bengaluru-based company had raised an initial round of funding from multiple investors including Ashutosh Lawania, cofounder of Myntra; and LivSpace cofounders Anuj Srivastava and Ramakant Sharma.

This fund infusion will enable Pitstop to strengthen its partner base using technology to streamline processes, infrastructure and customer experience; and future growth initiatives, the company said in a release.

The company, which works through tie-ups with local garages, plans to enter new markets including Mumbai, Pune, Chandigarh, Chennai and Hyderabad over the next quarter.

On-demand beauty services provider Enrich Salon acquires Belita

On-demand beauty services provider Enrich Salon, has acquired India Quotient backed Belita, for an undisclosed amount, according to an Inc42 report.

Subsequently, Belita brand will be merged to Enrich Salon and will provide services under Enrich brand.

In August 2015, Belita had raised about $377,000 (Rs 2.5 crore) in an angel round of funding led by India Quotient and Supreet Singh.

Also Read:

India Digest: Google, Dosa Place acquire cos; Don’t Scratch Your Head raises funding, Cradle appoints chairman

India: HappilyUnmarried.com gets $740k more from Info Edge; JK Paper-Bilt deal

 

 

 

 

 

 

 

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.