India Dealbook: Social networking app VoxWeb, fintech co Kissht raise funding

VoxWeb, a mobile-first special-purpose social networking app has raised $1 million from individual investors while fintech firm Kissht has secured $2 million from Endiya Partners.

Speaking pictures social networking app VoxWeb raises $1m

VoxWeb, a mobile-first special-purpose social networking app, has raised $1 million from unnamed individual investors in its third round of funding, the company said in a statement.

Post deal, VoxWeb promoters and employees will continue to hold 80 per cent stake in the company.

“VoxWeb will use the funding to strengthen back-end technologies and to add innovative and engaging front-end features to cater to the new generation of social media users termed as Facebook-Nevers”, the company said.

Founded by Yash Mishra, IIT Kanpur graduate and JP Morgan research analyst, in 2014, VoxWeb app allows creation of speaking pictures by enabling users to add voice note of up to 11 seconds to an image.

Fintech co Kissht bags $2m from Endiya Partners

Fintech startup Kissht has received $2 million in funding from VC firm Endiya Partners and early-stage investor Ventureast.

Run by OnEMI Technology Solutions Pvt Ltd, Kissht is also in talks to raise Series B funding, according to an Economic Times report.

Founded in 2015, Kissht provides collateral-free loans to consumers to facilitate purchases such as mobiles, laptops, jewellery and electronics.

“Going forward, we will be a data and analytics company enabling consumers to get loans from banks and NBFC working with us as lending partners,“ said Krishnan Vishwanathan, CEO, Kissht told ET reporter.

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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.