India Digest: Trell secures debt funding; Gradeup closes $7m Series A

Experience discovery platform Trell announced that it has raised $304,268 in debt funding from Beenext, while ed-tech startup Gradeup has secured $7 million in series A funding from Times Internet.

Gradeup raises $7m in Series A Funding From Times Internet

Edtech startup Gradeup has raised $7 million in series A funding from  Times Internet, according to an announcement.

The company said that it will use the proceeds to enhance its technology and product capabilities, scale its academic team, and diversify its offerings.

Established in 2015, the company claims to help over 15 million exam takers in preparations for examinations such as JEE, NEET, IBPS, SSC, TET, GATE, and UPSC.

The company targets to increase student enrollments to 60,000 by the end of next year and 150,000 by the end of 2021.

Trell secures $300k debt from Beenext

Bangalore-based experience discovery platform Trell has secured $304,268 in debt funding from existing investor Singapore-based venture capital firm Beenext, according to YourStory.

The firm issued 21,500 compulsory convertible debentures at INR 1,000 each to Beenext in October.

Trell, which launched in August 2017, is a video-first experience discovery platform, targeting millennials who can use it to discover food, movies, books, and travel.

The company previously raised $1.25 million in seed round funding from several individual investors, Sprout Ventures, WEH Ventures, and Beenext.

In India, the company competes with Tripoto, a travel-focused user-generated site. Meanwhile, Beenext has invested in Indian startups, including Droom, No Broker, Cred, Rebel Foods, and Zefo.

 

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.