India Dealbook: Info Edge buys AmbitionBox; Simulanis raises funding

Info Edge (India) Ltd has acquired discovery platform AmbitionBox while Simulanis has raised an undisclosed amount in pre-Series A round of funding.

Info Edge acquires discovery platform AmbitionBox

Info Edge (India) Ltd — the parent company of Naukri.com, 99acres.com and Jeevansaathi.com  — has acquired discovery platform AmbitionBox for an undisclosed amount.

“AmbitionBox enriches a job-seeker’s journey and helps them make an informed choice. This ties into our core purpose of connecting job-seekers to jobs and companies which are relevant and the right match for them,” said Hitesh Oberoi, co-promoter, MD and CEO, Info Edge.

In the deal, Info Edge has bought over the domain, content and business of AmbitionBox, and Mayur Mundada and Subramanya T H, founders of AmbitionBox, joined Info Edge to develop the site further with the help of Naukri resources, according to a press note.

Navi Mumbai-based AmbitionBox is a two-year-old company. It assists job-seekers with company reviews, company information, interview tips and advice.

Simulanis gets pre-Series A funding from Village Capital, others

Simulanis, a Delhi-based augmented reality and virtual reality (AR-VR) technology development company, has raised an undisclosed amount in pre-Series A round from Village Capital and a group of angels.

According to an article in Business World, the angel investors include Pawanjit Ahluwalia, chairman, India Skills; Apurva Chamaria, VP and head, corporate marketing, HCL Technologies and Mridul Upreti, CEO, Segregated Funds Group – Jones Lang LaSalle.

The company will use the funds for expanding its sales team.

Simulanis, which creates e-learning, skills development, and gamified content, has developed hardware agnostic, gamified, mobile and computer training applications for the education, skilling and industrial training sectors.

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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.