India Dealbook: Charcoal Biryani, Aarav Unmanned Systems raise funding

Quick-services restaurant (QSR) firm Charcoal Biryani and Drone technology start-up Aarav Unmanned Systems have raised an undisclosed amount of funding in two different deals.

Charcoal Biryani raises $150k led by LionVentures

Mumbai-based Charcoal Biryani has raised $150,000 in seed funding led by LionVentures, the company’s spokesperson told DEALSTREETASIA.

The deal was closed 15 days ago.

Varun Dua, CEO and Devendra Rane, CTO; Coverfox also participated in the round.

The QSR firm will use the funding for its technology and expansion plans.

It startup covers almost all the areas in Mumbai and now plans to foray into Bangalore.

Charcoal Biryani was founded by LionVentures founders Anurag Mehrotra and Krishnakant Thakur alongwith Mohammed Bhol, Mikhail Shahani and Gautam Singh.

Aarav Unmanned Systems raises funding from StartupXseed, 3ONE4 Capital & others

Drone technology startup Aarav Unmanned Systems (AUS) has raised an undisclosed amount of seed funding from StartupXseed Ventures, The Phoenix Fund and 3ONE4 Capital, the company said.

HNIs including Ashok Atluri and Sanjay Jesrani also took part in the round.

AUS will use the money for new product development and team expansion.

“This technology will become important in coming years and we are keen to encourage domestic product for Indian markets and acquire global business,” said B.V. Naidu, managing partner, StartupXseed.

Incubated at the SIDBI Innovation and Incubation Centre (SIIC) at IIT-Kanpur, AUS was founded in 2013 by Nikhil Upadhye and Suhas Banshiwala, IIT Kanpur alumni; Amity University alumnus Vipul Singh and IIT Bombay alumnus Yeshwanth Reddy.

Also Read: 

India: Food startup Hello Curry eyes national expansion

India: Kitchen-on-cloud business Twigly gets $200k from angel investors

Google files patent for drone ‘delivery receptacle’ designed to store packages securely

New US database registers 300k recreational drone owners

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.