India Dealbook: Ascema, Ark Robot, AlmaConnect raise funding; Viacom18 launches MTV Kickstart

UK-based Ascema, warehouse automation startup Ark Robot, alumni networking-based social network AlmaConnect have raised funding in separate deals. Meanwhile, Viacom18 Media Pvt Ltd has joined hands with Department of Industrial Policy and Promotion (DIPP) to launch a programme named Kickstart.

UK-based Ascema raises funding from IAN

UK-based SaaS startup Ascema, which is run by GeoLang Ltd, has raised an undisclosed amount of funding from Indian Angel Network (IAN).

This is the fourth investment by IAN in UK.

Ascema is a new technology for locating, securing and controlling the movement of sensitive data and intellectual property within cloud collaboration environments, email systems and more.

The company will use the funding for expansion of market strategy and sales resource.

“Ascema is defined by a core content fingerprinting, indexing and matching engine, which can be used on any file, data stream or other data source to assess the content,” said Debbie Garside, CEO and co-founder of GeoLang.

Also Read: India: Car pooling app Orahi secures $520K from Indian Angel Network

Mohandas Pai invests in AlmaConnect

AlmaConnect has raised an undisclosed amount of funding from Mohandas Pai and Varun Aggarwal, co-founder of Aspiring Minds.

Founded in February 2011 by Swapnil Khandelwal and Rubish Gupta, AlmaCOnnect focuses on helping an students to get help from their alumni network.

The startup will use the funding to scale its user base, as well as expand geographically, with US being the primary target, according to a Inc42 article.

Also Read: India: Nandan Nilekani, Mohandas Pai, others invest in Tracxn

Ark Robot to get $292k from Qualcomm

Chip maker Qualcomm Ventures will invest Rs 2 crore ($291.8k) in Bangalore-based warehouse automation startup Ark Robot.

In a Make in India contest, organised by the Department of Industrial Policy and Promotion (DIPP) in corporation with Qualcomm Ventures, Ark Robot has won QPrize and as a result to that, Qualcomm will provide funding to the startup.

Run by ‎iFuture Robotics Pvt Ltd, Ark Robot is an intelligent warehouse startup that serves clients in industry segments such as e-commerce, automotive and logistics.

Also Read: India: DIPP partners with Qualcomm to launch startup contest

Viacom18 launches MTV Kickstart

Viacom18 Media Pvt Ltd has joined hands with Department of Industrial Policy and Promotion (DIPP) to launch new multi-platform programme named MTV Kickstart.

This is a part of the government’s StartUpIndia initiative.

The programme will run for 52 weeks in which around 300 colleges are expected to take part.

“We now wish to extend the catalyst role to the startup space as well, by being a part of the journey of young entrepreneurs who dream to create a better tomorrow for India,” said Sudhanshu Vats, Group CEO, Viacom18.

MTV will also host startup festivals (a two-day event) across tier 1 and 2 cities along with StartUpIndia.

“MTV Kickstart is our way of driving India’s growth story by helping its biggest asset – the youth – to write their own narratives for the Make in India initiative laid down by our government,” said Ferzad Palia, head, youth and English Entertainment, Viacom18.

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.