India Deal Monitor: Info Edge invests in Univariety and more updates

Hyderabad-based edtech platform Univariety has raised $1.1 million in a funding funding round from Info Edge, the parent of jobs portal Naukri.com.

In a filing, Info Edge said that its wholly-owned subsidiary will acquire 3,986 Series A1 compulsory convertible preference shares (CCPS) of Univariety as part of the transaction, post which its shareholding in Univariety will increase to 37.9 per cent.

Univariety will use the funding proceeds for business growth, product development, scaling up its alumni platform for schools, and for deeper brand building.

The startup has made over 4,00,000 connections made so far, and claims to act as a comprehensive platform for 1,60,000+ students and 600+ premier schools across India, Singapore, Indonesia and Dubai.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India from March 19-23, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
Veritas FinanceChennai48.7 millionSeries EKedaara Capital, Norwest Venture Partners (NVP), Lok Capital Growth Fund, family of anchor investor P Surendra Pai.-Financial Services
CureFitBengaluru109 millionSeries DTemasek Holdings Pvt Ltd.Accel Partners, Chiratae Ventures, Castle Investments, Unilever Swiss Holdings, Epiq Capital, Pathiti Investment Trust, GableHorn Investments, Ascent CapitalHealth & Wellness
UnivarietyHyderabad1.1 millionSeries AInfo Edge-EdTech
ImStrong Health & Wellness Pvt. LtdBengaluru400,000SeedRainmatter CapitalRaghunandan GHealth & Wellness
Excess2SellMumbai1 millionAngelGautham Madhavan-E-Commerce

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.