India Dealbook: Chymera VR, Lucideus & Aye Finance raise funding

In multiple deals, advertising firm Chymera VR has raised angel funding, IT risk assessment and digital security services provider Lucideum has secured funding from Rajan Anandan and others while micro-lender Aye Finance has received debt funding from SBI.

Chymera VR raises angel funding from Anupam Mittal, others

Monetisation and advertising firm Chymera VR has raised an undisclosed amount of funding from angel investors including Anupam Mittal, CEO of People Group; Varsha Rao, former head of operations at Airbnb; Google executive Surojit Chatterjee and chairman of HHC Holdings Nirav Choksi.

Some other unnamed investors also participated in the round through funding platform LetsVenture.

The company plans to use the proceeds for ramping up product development in Bangalore and expanding publisher and advertiser base primarily in the US, according to a statement.

Founded in 2015, San Francisco and Bangalore-based Chymera VR provides technology solutions to advertisers who are keen to leverage VR as a storytelling and brand-building platform.

Lucideus gets funding from Google’s Rajan Anandan, others

Lucideus, a New Delhi-based IT risk assessment and digital security services provider, has received an undisclosed amount of funding from Google India MD Rajan Anandan.

Other investors in the round include former Freecharge CEO Govind Rajan, Digi Locker chief architect and Slideshare co-founder Amit Ranjan and angel investors Sunil Kalra & ​Victor J Menezes, according to an Economic Times article.

Vellayan Subbiah, Cholamandalam Finance MD; Kulmeet Bawa, MD Adobe; LinkedIn’s ex-Director of Technology Jonathan Boutelle; ​Deutsche Bank’s head of global market MD Rahul Chawla; NASDAQ EVP Salil Donde and​ Cactus Communication CEO Anurag Goel also participated in this round.

Last September, the company had raised funding from Motilal Oswal Private Equity Advisors director Amit Choudhary.

Aye Finance gets $3m debt funding from SBI

Aye Finance Pvt. Ltd, a Gurgaon-based lender to small businesses, has secured Rs 20 crore ($3.1 million) in debt funding from the State Bank of India (SBI).

The funds will enable Aye Finance to further its goal of financial inclusion of millions of small businesses across the country which are currently locked out of the financial system, it said in a statement.

In November 2016, Aye Finance had raised Rs 70 crore in a series B round of funding led by LGT Impact Ventures, an impact investing private equity fund. Founded in 2014 by Sanjay Sharma and Vikram Jetley, Aye Finance is a NBFC. It provides loans between Rs 50,000 and Rs 25 lakh to micro and small enterprises.

Also Read: India Dealbook: Sequretek, Fourth Ambit fundraise; Route Mobile, Manyavar in M&A

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.