India Dealbook: MobiKwik, DataTrained, ImpactGuru, Generico, Oliva, Flip Flop Hub raise funds

Fintech startups MobiKwik, ImpactGuru, education technology firm DataTrained, pharmacy chain Generico, skincare brand Oliva and footwear retailer Flip Flop Hub have secured new rounds of funding, in a spate of startup funding news.

MobiKwik secures $3.4m fresh funding from existing investors

Fintech firm One MobiKwik Systems Pvt. Ltd, which operates MobiKwik, has raised around Rs 24 crore ($3.4 million) in a fresh round of funding led by existing investor Sequoia Capital India, according to media reports quoting regulatory filings. Sequoia led the round through a Rs 15 crore investment, while the remaining funds came from other existing investors South Africa’s Net 1 UEPS Technologies Inc and Japan-based GMO Payment Gateway.

Edtech startup DataTrained gets $1.7m angel investment

Bengaluru-based edtech startup DataTrained has raised its second round of funding of Rs 12 crore ($1.7 million) from three angel investors including Ashish Nadiadwala, Rupesh Sinha and Mithlesh Thakur. The investment, which  was made in lieu of 20 per cent stake in the company, will be used by the company to expand to new geographies and to strengthen its product and technology team. The company had earlier raised Rs 4 crore in 2016 from a New York-based industrialist.

ImpactGuru raises funds from Shorooq Investments, angels

Healthcare crowdfunding platform ImpactGuru.com has raised an undisclosed amount of funding from Abu-Dhabi based Shorooq Investments and from some other GCC-based angel investors. Earlier this year, ImpactGuru.com had announced raising a $2-million round co-led by by Apollo Hospitals Group and incubator Venture Catalysts. The startup is looking to partner with private hospitals, clinics, health-tech startups, and NGOs to accelerate its GCC entry and scale its operations.

Generico raises $3m in Series A round

Mumbai-based pharmacy Generico has raised $3 million in a Series A funding from early stage investment firms Tomorrow Capital and Whiteboard Capital, and angel investor Gagan Goyal, according to a report in The Economic Times. The firm currently operates 20 brick-and-mortar pharmacies in Mumbai, and, with this latest funding, it plans to expand to 100 stores in Mumbai, Pune and some cities in Gujarat over the next 10 months. The startup is also eyeing more funding in the next one year, founders Siddharth Gadia and Girish Agarwal told the newspaper.

Oliva secures $1.4m funding

Sreyas Holistic Remedies Pvt. Ltd, which runs a chain of skin- and hair-care clinics under the Oliva brand, has raised Rs 10 crore ($1.4 million), from Entrust Family Office Investment Advisors, which invested on behalf of its clients. According to an official statement, the funding, which is a mix of primary and secondary capital, will help the Hyderabad-based firm to expand and open seven new clinics in the current financial year.

Venture Catalysts backs Flip Flop Hub

Investment firm Venture Catalysts has invested an undisclosed amount of funding in footwear startup Flip Flop Hub. The company retails a wide variety of international flip flop brands, including a number of exclusive ones, through its network of 20 locations spread across the country and online through its website. Venture Catalysts generally invests $250,000–$1 million in early stage startups.

Also Read:

MobiKwik injects $294k in Pivotchain Solutions

Crowdfunding platform ImpactGuru raises $2m Series A round

 

 

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.