India: Good Methods, Balance Technology & i-lend fundraise

The latest in the startup deals space in India has seen Health-tech startup Good Methods Global Inc raise an undisclosed amount of funding led by Accel Partners, while Rainmatter has invested $233,000 in Balance Technology. Also, i-lend has secured a pre-Series A funding from 50K Ventures.

Good Methods raises Series A funding led by Accel Partners

Health-tech startup Good Methods Global Inc has raised an undisclosed amount of funding in Series A round led by VC firm Accel Partners.

As part of the deal, Shekhar Kirani, partner at Accel India, will join the company’s board.

The Kerala and US-based startup will use the proceeds to step up its sales efforts and product adoption, and to ramp up product engineering and talent acquisition, according to a statement.

Good Methods was founded in 2015 by Abilash Krishna, Arjun Satheesh, Jayasooryan KV, Kevin Cook and Varun Nelson Arjun Satheesh, Jayasooryan KV, Kevin Cook and Varun Nelson. The startup has developed a cloud-based practice management platform for the health and wellness industry in the US.

Balance Technology secures $233k funding from Rainmatter

Balance Technology Pvt Ltd, behind fintech app Balance, has raised Rs 1.5 crore (around $233,000) from Rainmatter, a fintech fund and incubator.

The startup will use the funds mainly for expanding team, according to an Economic Times report citing comany’s CEO Ankit Kumar.

Balance Technology was founded in 2016 by IIT graduates Kumar and Abhishek Malik. The app is designed to understand spending patterns of individuals and use its proprietary spend analysis engine to suggest saving methods. It invests users’ money in debt mutual funds that have zero lock-in and offer returns of up to 8.7 per cent per annum.

50K Ventures backs P2P lending startup i-lend

Early stage VC firm 50K Ventures has backed peer-to-peer lending startup i-lend with an undisclosed sum.

The startup will use the money for its expansion plans, marketing and increasing team, according to an Economic Times article.

Started in 2013, Hyderabad-based i-lend connects borrowers and lenders to facilitate personal loans of Rs 25,000 to Rs 5 lakh for six to 36 months. It claims to disbursed more than 600 loans since its inception.

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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.