India Dealbook: Quandl & Nearbuy fundraise, Directi to invest $110m in 4 firms

Quandl, an alternative data platform, has raised $12 in Series B round, Nearbuy has received debt of Rs 15 crore ($2.2 million) from BlackSoil Capital Pvt. Ltd while Directi is looking to invest $110 million in four new ventures.

Quandl raises $12m in Series B led by Nexus Venture Partners

Quandl, a Canada-based alternative data platform, has raised $12 million in Series B round of funding led by VC firm Nexus Venture Partners (NVP), according to a press note.

Existing investor August Capital also participated in the round. Till date, the company has raised $20 million including the fresh round of $12 million.

As part of the investment, Naren Gupta, founder of NVP, has joined Quandl’s board of directors. Quandl, a platform for financial, economic and alternative data, will use the fresh funding to expand its coverage of alternative data.

Nearbuy gets $2.2m venture debt from BlackSoil Capital

Gurgaon-based deals and discounts site Nearbuy has received Rs 15 crore ($2.2 million) from venture debt from BlackSoil Capital Pvt Ltd.

Nearbuy will use the money for adding new customers and enhancing merchant technology.

Operated by Groupon India Pvt Ltd, Nearbuy features hyperlocal offers food and beverages, spa, salons, wellness and getaways. It is present in over 35 cities, offers more than 18 categories and has over 50,000 merchants across 100,000 unique locations, as per its website.

Directi to invest $110m in 4 newer companies

Directi, a diversified technology company, plans to invest $110 million in four newer companies, as per an Economic Times article.

Founded by brothers-duo Bhavin and Divyank Turakhia in 1998, Directi plans to back communications app Flock, tax reimbursement management app Zeta, low-cost international calls app Ringo and Radix in the current year and the next with $110 million.

The company is also eyeing to buy a 1 lakh square feet building in central Bangalore to accommodate its expansion.

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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.