India Dealbook: Room on Call, CityShor & Freshtohome raise funding

In separate fund-raising developments, budget accommodation aggregator Room on Call has raised almost $2 million (Rs 13.3 crore), Ahmedabad-based CityShor has received an angel funding and Freshtohome has raised funding from Zynga co-founder.

Room On Call raises $2m led by CASHurDRIVE Marketing

Budget accommodation aggregator Room on Call has raised almost $2 million in funding led by CASHurDRIVE Marketing Pvt Ltd, an on-vehicle advertising company. Last year, the startup had raised $300,000 in seed funding from Yahoo executive Payal Syal.

“The funding will be used for marketing and strengthening operation in metros along with expanding presence in tier 2 and 3 cities. We aim to club non-star category of hotels under a single brand and standardize properties,” said Nirupma Dhawan, chief operating officer of Room on Call. Room On Call plans to expand to 150 cities and increase its current inventory from 8,000 rooms to 20,000 room nights by end of 2016.

CityShor raises angel funding from GAIN

Online lifestyle media recommendation platform CityShor has raised an undisclosed amount of angel funding from GAIN, a Vadodara-based Angel Network.

The startup plans to use the funding for its expansion, increase team size and content distribution. CityShor was founded in 2013 by Pallav Parikh and Pankaj Pathak. It helps customers to find best food, fashion, travel, events, home decor and other services in Ahmedabad.

Freshtohome raises funding from Zynga co-founder Mark Pincus

Bangalore-based Freshtohome, fish and meat e-tailer, has raised an undisclosed amount in angel funding from social gaming company Zynga’s co-founder Mark Pincus, according to a Times of India report.

Other investors like Walter Kortschak, founder of early-stage VC fund Kortschak Investments, Peter Briger, co-chairman of New York-based investment management firm Fortress Investment Group, Timothy Flaherty , co-founder of Silver Creek Capital Management, former Zynga CTO Cadir Lee, Google India MD Rajan Anandan, former Zynga Studios president Alex Garden and former Softbank US director Pavan Ongole, also participated in the round.

Early this month, Zynga announced that Pincus has stepped down as CEO of the company but will remain as executive chairman of the board.

Also Read:

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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.