India Dealbook: School of Hospitality India, Open Appliances raise funding

School of Hospitality India has raised Rs 25.2 crore ($3.8 million) from a group of high net-worth individuals (HNIs) while Open Appliances has secured $550k in seed funding from Axilor Ventures and ZOHO co-founder Kumar Vembu.

Indian School of Hospitality raises $3.8m from HNIs

School of Hospitality India Pvt Ltd has raised Rs 25.2 crore ($3.8 million) in its first round of external funding from a group of HNIs in India and overseas.

The company will invest the proceeds in the first phase of its debut campus in Gurgaon, Delhi NCR which is scheduled to open in August 2018.

The Indian School of Hospitality, founded by former Starwood Hotels & Resorts South Asia managing director Dilip Puri, is planning to expand the Gurgaon campus to house 1,000 students within the first couple of years.

“I am delighted to have an investor group comprising some of the best-known names in the hospitality and real estate industry,” said Puri,

“The business has tremendous scalability and expansion opportunities across hospitality management, culinary and executive education as well as skill development and online education,” he added.

Open Appliances secures $550k from Axilor Ventures, Kumar Vembu

Open Appliances Pvt Ltd (Open App), a company which manufactures smart locks for enterprises, has secured $550,000 from Axilor Ventures and Kumar Vembu, co-founder of Chennai-based enterprise-tech firm ZOHO, in its first round of external funding.

According to a statement, Bangalore-based Open App will use the money to strengthen its product offering and for expansion into new verticals.

“We have great validation and partners in Axilor and Vembu who come with decades of experience in building companies of scale. With this round of funding, we plan to solidify product-market fit,” Gotama Gowda, co-founder and chief executive of Open App.

Founded in November 2015, Open App targets industries such as warehousing, retail chains, logistics and cash logistics companies, telecom firms and internet service providers.

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India Dealbook: Agri-tech startup FarmLink, hospitality firm FreshUp raise funds

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.