India Dealbook: PipeCandy gets $1.1m; Supr Daily raises $120k

By Bhawna Gupta

March 8, 2017

Data science startup PipeCandy has received Rs 7.3 crore ($1.1 million) in seed funding while daily consumable goods app Supr has secured $120,000 from Y Combinator.

Data science startup PipeCandy raises $1.1m from IDG, IAN, others

PipeCandy, a data science startup, has raised $1.1 million seed funding from IDG Ventures, Axilor Ventures, Emergent Ventures and Indian Angel Network (IAN).

A group of unnamed angel investors also participated in the round, according to an Economic Times article citing company’s chief executive.

PipeCandy will use the funding to scale up marketing and sales efforts. PipeCandy, a startup that runs an eponymous intelligent sales prospecting platform, currently analyses 50 million companies.

Supr Daily receives $120k from Y Combinator

Supr Daily, a habit-forming app, has been selected by Y Combinator, one of the top accelerators in the world.

As a part of the accelerator’s mentorship programme, Supr Daily has raised $120,000 from Y Combinator, the company said in a statement.

“Our full-stack approach in terms of sourcing, distribution and last-mile delivery has enabled us to deliver delightful consumer experiences while making positive contribution margins on each delivery. This has had a significant impact on the trust that investors such as VCats have placed in us. To be chosen by Y Combinator for its winter programme has been another major milestone in our growth path and we are indeed grateful for all the insights and learnings we have gathered through this opportunity,” said Puneet Kumar, co-founder, Supr Daily.

Supr Daily was founded in 2015 by IIT-Bombay alumni Puneet Kumar and Shreyas Nagdawane. The startup delivers daily consumable goods such as milk, bread, eggs, coconut water etc to its users every morning. The company earlier raised funding from Snapdeal founders’ Kunal Bahl and Rohit Bansal.

Last December, it secured an undisclosed sum from Venture Catalysts’ angels Apoorv Ranjan Sharma, Anil Jain, Anuj Golecha, Krishna Jhunjhunwal and Anirudh Damani.

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Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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  • 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. 
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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.
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