India Dealbook: The BlueBook, Supr Daily, E-Vegetailing & MCaffeine raise funding

Team The BlueBook

Exclusive local deals app The BlueBook, habit-forming app Supr Daily, agri-business startup E-Vegetailing and personal care startup MCaffeine have raised funding.

The BlueBook raises $500k in seed funding

The BlueBook, an exclusive local deals app, has raised $500,000 in seed funding led by Indian Angel Network, the company said in a press note.

LetsVenture and other angel investors from Singapore and US also participated in the round.

Srinubabu Gedela, CEO, OMICS International; Avinash Vashistha, IAN member, founder of Tholons Capital, ex- ‎chairman & country MD, Accenture; Rajiv Mehta, IAN member, CEO, Arvind Lifestyle led the round for the angel investor group.

As part of the deal, Avinash Vashishta and Srinubabu Gedela will join the board of the company.

“The capital raised will be deployed in consolidating the merchant and user base in Hyderabad, Bangalore and Gurgaon, apart from investing in the product & technology to offer deep customer analytics, loyalty solution for merchants and unique payment solution. We aim to be present in all major metros in the next few quarters with our full stack solution,” said Varun Kumar Akula, co-founder & CEO, The BlueBook.

Founded by Akula, Alok Medikepura Anil and Reetika G. in 2013, The BlueBook provides discounts and deals that can be used at merchants. Launched as a discount voucher book in 2013, the startup transitioned into a mobile app in November, 2015 and claims to grow about 40 per cent month-over-month.

Venture Catalysts leads seed investment in Supr Daily

Supr Daily, a habit-forming app, has received an undisclosed amount of funding led by Venture Catalysts‘ angels Apoorv Ranjan Sharma, Anil Jain, Anuj Golecha, Krishna Jhunjhunwal and Anirudh Damani, the company announced on Wednesday.

According to a statement, Krishna Jhunjhunwala, Anirudh Damani, Anuj Golecha, Dheeraj Jain (partner at Redcliffe Capital) and Harshvardhan Rajgarhia (Overnite Express) also participated in the round.

Supr Daily was founded in 2015 by IIT-Bombay alumni Puneet Kumar and Shreyas Nagdawane. The startup delivers daily consumable goods such as milk, bread, eggs, coconut water etc to its users every morning.

The company earlier raised funding from Snapdeal founders’ Kunal Bahl and Rohit Bansal.

The Chennai Angels backs agri-business startup E-Vegetailing

The Chennai Angels (TCA) has backed E-Vegetailing Pvt Ltd, a Chennai-based start-up engaged in selling farm fresh vegetables procured directly from farmers and delivered to customers, with Rs 1.1 crore ($162k).

Gowri Shankar Subramanian, CEO & co-founder of Aspire Systems led the round on behalf of TCA, the company said in a press release.

The startup will use the money to build its farmer network, increase procurement points and enhance its logistics operations.

Started in 2014, E-Vegetailing aims to bridge the gap between the consumer and the farmer by providing a web-based platform for people across cities. Currently, the startup claims to serve over 10,000 kg per day in and around Chennai.

Personal care startup MCaffeine gets $300k angel funding

MCaffeine, a personal care brand, has secured $300k in angel funding from a group of angel investors.

The investors include Kaushal Agarwal, MD of Avendus Capital; Harminder Sahani, MD of Wazir Advisors; KK Mehra, ex-CTO of Capillary Technologies; Pranay Jivrajka – COO at Ola Cabs and Navjot Saini of Trafigura, according to a press note.

“Raised fund will be used primarily on expanding the product portfolio and supply chain. The major focus will be to build an analytics engine for better product selection,” said Tarun Sharma, founder and CEO of MCaffeine.

The startup was launched in 2015 by Vikas Lachhwani and Tarun Sharma. It deals in personal care products like shampoo, face-wash, shower-gels etc, infused with caffeine and ginseng, among other products.

Also Read

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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.

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.