India Dealbook: Astra Microwave raises $9.7m via QIP; Streamoid Technologies gets angel funding

By Bhawna Gupta

December 16, 2015

Astra Microwave Products Ltd, a Hyderabad-based company, has raised around Rs 65 crore ($9.7 million) via qualified institutional placement (QIP) while visual search engine startup Streamoid Technologies Pvt Ltd has raised an undisclosed amount in angel funding.

Astra Microwave raises funding through QIP

Astra Microwave which designs, develops and manufactures sub-systems for radio frequency (RF) and microwave systems used in defense, space, meteorology and telecommunication, has raised funding through QIP, as per a stock market disclosure.

It issued 47.8 crore shares at Rs 135.8 each, including a premium of Rs 133.8 a share to unnamed qualified institutional buyers.

The company also manufacturers associated digital electronics for original equipment manufacturers of radars, telemetry equipment, satellite communications etc. It has four operational manufacturing facilities in Telanagana.

Shares of Astra Microwave were trading at Rs 135.70 each, up 0.71 percent on BSE in a strong Mumbai market on Wednesday at 1.15 PM.

Streamoid Technologies raises $1m in angel funding

Streamoid Technologies has raised $1 million in angel funding from couple of unnamed investors from Bangalore and Silicon Valley, VCCircle reported citing company’s co-founder Sridhar Manthani.

Founded in 2011, Streamoid Technologies operates through its online portal streamoid.com and serves as a visual search platform.

It offers two products- piQto which serves as an exact search matching engine for the publisher and piQalike serves as a similar matching engine for the fashion retailer. Bangalore-based firm has an additional office in US also.

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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.
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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.
APPLY NOW