India Dealbook: Tech startup Jhakaas gets seed fund; Ennovent backs Hasiru Dala

Photo: Mint

Jhakaas Technologies, that offers offline vendors a technology platform to sell their goods, has raised Rs 1 crore in seed funding while waste management startup Hasiru Dala has received an undisclosed amount from Ennovent Impact Investment Holding.

Tech startup Jhakaas gets $154k in seed funding

Mumbai-based Jhakaas Technologies, that offers offline vendors a technology platform to sell their goods, has raised Rs 1 crore ($154k) in seed funding from a group of investors, according to a statement.

Investors like Mumbai-based management consultancy firm Stelcore Management Services Pvt Ltd; Malini Patel, country manager, Bloomberg Data Services Pvt Ltd; CP Sanadhya, director at housing finance company India Shelter Finance Pvt Ltd; and Anjani Prasad, managing director at Colour and specialty chemicals company Archroma India participated in the round.

“The company will use the funds primarily to develop integrated IT solutions and enhance merchant awareness. Our aim is to focus on every kilometre that shall provide 300 shops so that both the parties receive 100% satisfaction for their daily requirements,” said Bharat Mandot, co-founder, Jhakaas Technologies.

Hasiru Dala raises funding from Ennovent

Ennovent Impact Investment Holding has invested an undisclosed amount in Bangalore-based waste management services provider Hasiru Dala Innovations Pvt Ltd.

This is the sixth investment by impact investor Ennovent in Hasiru Dala.

Co-founded by Nalini Shekar, Shekar Prabhakar and Marwan Abubaker in 2013 as a non-government organisation, Hasiru Dala wil use the money for its expansion, the company said, in a press note.

The company helps improve the working conditions of thousands of workers in the informal economy, including waste pickers, sorters and itinerant waste buyers.

“The problem of inefficient solid waste management in urban areas can be solved by using technology and formally integrating waste pickers into the city’s solid waste management system,” said Joel Rodrigues, senior manager for finance services at Ennovent.

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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. 
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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.