India Deal Monitor: B2B artisan startup Lal10 bags funding and more updates

B2B artisan startup Lal10 Friday announced that it has raised $1.1 million in a pre-Series A funding round led by Sorenson Impact from Utah.

Indian angel investors including Slideshare’s Amit Ranjan, former Flipkart CTO Mekin Maheshwari, Praveen Gandhi of Seedfund also participated besides Beyond Capital, Pegasus Finvest, Upaya Ventures, Angellist Collective, and Gemba Capital, it said in a statement.

“We will utilise the funds to create a strong technology product to achieve supply efficiency and focus on more international B2B retailers. We will digitise 10,000 artisans in 2020,” founder Maneet Gohil said.

Lal10, which was founded by Gohil, Sanchit Govil and Albin Jose in 2016, helps Indian artisans and SMEs reach out to global retailers. The startup claims to have over 1,500 artisans registered on its platform.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India for March 9-March 15.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
Lal10Noida1.1 millionPre-Series ASorenson Impact from UtahAmit Ranjan, Mekin Maheshwari, Praveen Gandhi, Beyond Capital, Pegasus Finvest, Upaya Ventures, Angellist Collective, Gemba CapitalE-Commerce
OM BhaktiBengaluru-SeedVenture Catalysts-Consumer Goods
CollegeKhabri Bhopal-AngelVishal Dixit-EdTech
Anaxee Digital RunnersIndore--Orios Venture PartnersLetsVenture, the Keiretsu Forum, GAIN, Swan Angel NetworkTechnology
CreditAccess Grameen LtdBengaluru2.3 millionDebtWaterEquity-Financial Services
Spectacom Global Pvt LtdGurugram--Airtel-Health/Fitness
MultiLivingMumbai6 million-Lodha Ventures-RealtyTech
FamPayBengaluru4.7 millionSeedY Combinator, Venture Highway, Sequoia India, Global Founders CapitalKevin Lin, Vladimir Tenev, Kunal Shah, Amrish RauFinTech

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.