Inventus, Jetty invest in Euler Motors and 8 more India deal updates

Euler Motors Pvt Ltd has raised about $4 million (Rs 30 crore) as part of its ongoing Series A funding round led by existing investors Inventus India and Jetty Ventures.

Other investors in the round included Sujeet Kumar, co-founder of Udaan, Srinivas Anumolu and K Ganesh from Growth Story, said the New Delhi-based electric vehicle (EV) manufacturer in a statement on Thursday.

Euler Motors will use the funds for a new production facility, research and development, and expansion of charging and servicing infrastructure. The company also plans to extend its footprint to Bengaluru, Pune, Chennai, Mumbai, and Kolkata.

Last May, the company had raised Rs 20 crore as part of its Series A funding led by Inventus Capital India.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from March 2-March 7, 2021

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Euler MotorsDelhi4 millionSeries AInventus India, Jetty VenturesSujeet Kumar, Srinivas Anumolu, K GaneshAutomobiles Other Vehicles & PartsElectric/Hybrid Vehicles
DealshareBengaluru1.08 millionDebtInnoven Capital-RetailE-commerce
OutplayBengaluru2 millionSeedSequoia Capital's SurgeKhadim Batti, Vara Kumar Namburu, Vipsi Daver, Krish Subramanian, Rajaraman Santhanam, Vinod Muthukrishnan, Vijay Rayapati, Kunal Shah SoftwareSales & Marketing Software
YugabyteBengaluru48 millionSeries CLightspeed Venture PartnersGreenspring Associates, Dell Technologies Capital, Wipro Ventures, 8VCSoftwareCloud Computing
CashifyGurugram15 millionSeries DOlympus Capital Asia (Asia Environmental Partners)-RetailE-commerce
KoineArthBengaluru1.8 millionPre-Series AYourNest Venture CapitalInventus India, Lumis PartnersSoftwareBlockchain
WebscaleBengaluru26 millionSeries CBGV, STCAP Ventures, Mohr Davidow VenturesGrotech VenturesSoftwareSaaS
QuesttGurugram1.3 millionSeedChiratae VenturesAET Fund, Kunal Bahl, Rohit Bansal, Pranay Gupta, Ramakant Sharma, First Cheque, founders of RazorpayEducation/TrainingEdTech
ShoopyNoida250,000SeedCampanile Investments LLC, Redcliffe Capital-Retail-

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.