India Deal Monitor: Madrona Venture invests in Esper and more updates

Seattle and Bengaluru-based cloud platform Esper Thursday said it has raised $7.6 million in a Series A funding round, led by US-based venture capital firm Madrona Venture Group.

The round also saw the participation of existing investors Root Ventures, Ubiquity Ventures, Haystack Ventures, and Pathbreaker Ventures. Esper plans to use the funding proceeds for product development and to expand its customer base both in India and the US.

“We are excited to have the full support of these investors to expand our team and further scale our business to help customers move beyond Mobile Device Management into true device orchestration. Our vision is to provide a platform that allows our customers to focus on building their value proposition rather than their infrastructure,” Yadhu Gopalan, CEO and co-founder, Esper said.

Founded in 2018 by Gopalan and Shiv Sundar, Esper provides an intelligent cloud platform to help enterprises deploy and scale Android devices, as well as manage applications and devices in real-time. It services customers across retail, logistics, hospitality and healthcare industries.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India from February 11-February 14.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
EsperSeattle, Bengaluru7.6 millionSeries AMadrona Venture GroupRoot Ventures, Ubiquity Ventures, Haystack Ventures, Pathbreaker VenturesCloud Tech
KettoMumbai4.2 million---FinTech
MoEngageBengaluru, San-Francisco25 millionSeries CEight Roads VenturesF-Prime Capital, Matrix Partners India, VentureastMarTech
HempStreetNew Delhi1 millionSeedPharmacon HoldingsRomain BarberisResearch
HooLivNew Delhi--Kolte-Patil Family Office -Real Estate/Hospitality
CloverBengaluru5.5 millionSeries AOmnivore, Accel, Mayfield-AgTech
VedantuBengaluru24 millionSeries CGGV Capital-EdTech
SimSimDelhi8 millionSeries BShunwei Capital, Accel Partners-E-Commerce
M2P Solutions Pvt. Ltd (YAP)Chennai1.4 millionAngelAmrish RauKunal Shah, Jitendra Gupta, Vikram Chachra, Abhishant Pant, Peifu HsiehFinTech
Coding NinjasDelhi5.2 millionSeries AInfo Edge India Limited-EdTech
CamComBengaluru-pre-Series ATriton Investment Advisors-Deep Tech/AI

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.