MassMutual leads $10m funding in Zluri and other India deal updates

SaaS management platform Zluri Monday announced that it has raised $10 million in a Series A round of funding led by MassMutual Ventures with participation from existing investors Endiya Partners and Kalaari Capital.

Zluri had previously raised $2 million from Endiya Partners and Kalaari Capital in its seed round in January 2021.

The company plans to use the additional capital to continue its growth momentum and further strengthen its product’s capabilities, it said in a statement. The company plans to double down the teams in core markets in Asia and North America.

Founded in 2020 by Ritish Puttaparthi, Sethu Meenakshisundaram and Chaithanya Yembari, Zluri’s SaaS management platform for IT teams helps companies discover, manage and optimise, secure and automate SaaS applications from a single dashboard.

The company claims to have grown over 100% month on month since inception and added over 100 new customers from North American and Asian markets in the past year. It counts large brands such as Chargebee, MoEngage, Guesty and Whatfix as customers.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India announced between January 5 and 10, 2022.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
ZluriBengaluru10 millionSeries AMassMutual VenturesEndiya Partners, Kalaari CapitalSoftwareSaaS
Power GummiesDelhi6 millionSeries A9UnicornsVcats, DSG Consumer Partners, WIPRO Consumers, Sharpp Ventures (Marico Family office), NB VenturesPharmaceuticalsE-commerce
BambrewBengaluru2.35 millionPre-Series ABlue Ashva Capital, Supack IndustriesMumbai AngelsPackagingE-commerce
LivFinDelhi2 millionDebtBlackSoil-Financial ServicesFintech Lending
Courseplay Mumbai404,312SeedInflection Point Ventures-SoftwareHR Tech
Campus 365Gurugram21.5 millionSeed--Education/TrainingEdTech
QNu LabsBengaluru--Speciale InvestWAOO Partners LLPIT Security/Cybersecurity-
EasyEcomBengaluru2 millionSeries AIndiaMART InterMESH Ltd-Information ServicesE-commerce
BikeWoHyderabad--Venkatesh Daggubati-Energy Storage & BatteriesElectric/Hybrid Vehicles
UdaanBengaluru250 millionDebt-VBG Realty LLP, Blacksoil Asset Management, Blacksoil India Credit Fund, Corsa Ventures, Walton Street IndiaRetailE-commerce
Falcon AutotechGreater Noida--Delhivery-Industrial Machinery-
STAGEIndore2.5 millionPre-Series ABlume Ventures, Better CapitalIPV, TCA, Vikay Shekar Sharma, Aprameya Radhakrishnan, Akshat Rathee, Roman Saini, Ranveer Allahabadia, Dhruv RatheeInternetDigital Media
RupeeRedeeGurugram1 millionDebtEclear Leasing and Finance Pvt Ltd-Financial ServicesFintech Lending
AarogyaAI InnovationsDelhi700,000SeedRedstart Labs, Avaana Capital Entrepreneur First (EF), First In VentureHealthcare SpecialistHealthTech

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.