India Dealbook: BetterPlace, InfiSecure, Awesummly raise funding

Sandeep Singh and Abhilash Pandey, co-founders, InfiSecure

In a spate of funding news in India, Bangalore-based BetterPlace, InfiSecure and Awesummly got investment PE and angel investment.

BetterPlace gets funding from Venture Highway

Safety solutions provider BetterPlace Safety Solutions has secured an undisclosed amount of funding from Venture Highway, the company said in a statement.

Co-founded in 2015 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.

“India is at a very interesting cross road where we are seeing massive migration across states, growth of the services sector to a point where it today employs more people than any other segment along with increased smart phone penetration thereby enabling the possibility of large scale digitization. These trends enable us to continue to build trust profiles on top of the Aadhaar platform,” said Pravin Agarwala.

In February this year, the company had raised $1 million from Unitus Seed Fund.

Venture Highway is founded by Samir Sood, ex-head of corporate development – South Asia, Australia at Google, and is advised by Neeraj Arora, business head at WhatsApp.

InfiSecure receives $600k from IDG, Axilor

InfiSecure, a real-time bot detection and protection platform, has raised $600k in seed funding from IDG Ventures and Axilor Ventures, according to a company’s announcement.

InfiSecure will use the money for research and global business development.

Launched in March this year by Abhilash Pandey and Sandeep Singh, InfiSecure is a robust bot protection platform that sanitizes a website’s traffic and improves business metrics using a 24×7 active SaaS solution.

“There cannot be a more relevant time for InfiSecure’s bot protection platform than now, when bots constitute more than half of the global internet traffic. With evolving technologies, bot frauds have reached new heights, negatively impacting every online business in more ways than ever before. With InfiSecure, we help businesses keep their websites secured so that they can focus on their core businesses,” said Pandey.

Awesummly secures $146k angel funding

Bangalore-based digital media venture Awesummly has secured $146k in angel funding from Vivek Bhargava, chief executive, iProspect and Ameera Shah, promoter and managing director of Metropolis Healthcare.

Started in July 2015 by Deepak Mishra, Ankit Dhawan and Nitin Mishra, Awesummly is a machine-intelligence powered short news app which provides personalised news summary in 60 words in both English and Hindi. The app comes with features like night mode, offline reading, among others. It is run by Bangalore-based NitroLabs Technology Pvt Ltd

The funding was raised during a episode of The Vault, a reality show for aspiring entrepreneurs to mobilise funds.

Also Read:

BetterPlace raises $1m from Unitus Seed Fund

Singapore: Fintech startup Active.ai raises $3m from Kalaari Capital, IDG Venture

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.