India Dealbook: Online analytics training school Jigsaw Academy & food-tech startup Yumist raise funding

In a couple of startup deals in India, online school for analytics training Jigsaw Academy and food-tech startup Yumist have raised funding.

Jigsaw Academy raises $3m in round led by Manipal Global Education

Jigsaw Academy, which offers courses in big data, data analytics and specialised courses for specific sectors, has raised Rs 20 crore ($2.9 million) in its first round of funding led by Manipal Global Education Services.

TV Mohandas Pai has also participated in the round and is joining Jigsaw Academy’s advisory board.

The education firm will use the money for its expansion plans.

“We believe the company has established itself as a market leader in the analytics and big data space, and the investment will help them achieve rapid scale,” said S. Vaitheeswaran, managing director and CEO of Manipal Global Education Services.

“Trained professionals who understand the right approach to applying analytics will drive new value propositions across industries and companies of all sizes. When empowered with training in the right data-driven frameworks and methodologies, they will show that big data is more than just a buzzword – it is a truly transformative approach to growing businesses and improving decision-making,” said Pai.

Founded in 2011, Jigsaw Academy has trained over 40,000 students and more than 100 corporates and IT giants across different verticals.

Yumist raises $2m led by Ronnie Screwvala’s fund

Yumist, an internet-first restaurant, has raised $2 million in a pre-Series A round of funding led by Ronnie Screwvala’s fund Unilazer Ventures.

Existing investor Orios VP. Steven Lurie, a Valley based investor, also joined the round.

The funds will be used to build the team, expand its footprint and create a brand in a market where none exists.

“Yumist is solving a core problem in one of the largest F&B markets in India. We liked the team and their approach to building the business. They come with the right skill sets and have demonstrated a good understanding of the market and solid execution capabilities”, said Ronnie.

Founded in November 2014 by Alok Jain and Abhimanyu Maheshwari, Yumist serves home-style meals prepared in its own kitchen.

“While everyone was writing off food-tech in India, we kept our heads down and focused on building a profitably scalable business while staying true to the customer problem. This approach helped us grow organically and maintain a low cash burn. We are super excited to have Ronnie on board, his experience and guidance will be crucial as we take Yumist to the next level,” said Abhimanyu Maheshwari.

Also Read: Yumist trolls SpoonJoy for halting operations, funding issues hit food tech startups
India: Phonebook app 6degrees gets funding from Mohandas Pai, others
Jakarta’s food-tech firm Qraved raises $8m Series B from Richmond Global Ventures, Gobi Partners
Ratan Tata invests in Indian food-tech startup Holachef

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.