India: Phonebook app 6degrees gets funding from Mohandas Pai, others

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6degrees, a self-updating phone book app, has raised an undisclosed amount in a seed funding round led by TV Mohandas Pai, a serial investor and former Infosys board member, as per a report in e27. 

The funding round also saw participation from a group of angel investors in the mobile and social space. The startup is run by Abhriya Pte Ltd, which is incorporated in Singapore with a development office in Bangalore.

Founded in December last year by Niranjan Rao and Arun Samudrala and commercially launched in June this year, 6degrees helps a user find people on friends’ phones, with their permission. It also acts as a self-updating phone book giving a user automatic updates when friends change contacts.

The startup claims to have surpassed 150,00 monthly active users in India, and is currently in talks with leading smartphones companies to integrate the app, the report said.

6degrees received $40,000 in funding from the Singapore government early last year.

Mohandas Pai has been quite active with investments in startups this year. He recently invested an undisclosed amount in Gujarat-based Gingercrush, a licensed product-customisation platform. Pai’s Aarin Capital Partners also led a funding round in online lending platform Faircent in October.

Also Read: Mohandas Pai, Ratan Tata & Kunal Bahl are India’s top angel investors in 2015

India: Ace angel investor Mohandas Pai puts money in product customisation platform Gingercrush

Mohandas Pai’s Aarin Capital invests in Faircent

Image Credit: Freedigitalphotos.net

 

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.