India Deal Monitor: New York’s MDIF backs Josh Talks and more updates 

Social tech startup Josh Talks Thursday announced that it has raised $1.5 million in a pre-Series A funding round led by New York-based fund Media Development Investment Fund (MDIF).

The latest round has valued the Gurugram-based startup at over Rs 100 crore.

Founded in 2015 by Supriya Paul and Shobhit Banga, Josh Talks initially organised physical conferences targeting aspirations of youngsters. It soon started creating content in vernacular languages, and made it available online.

At present, Josh Talks’ content is disseminated in eight vernacular languages- Hindi, Tamil, Telugu, Bengali, Punjabi, Marathi, Malayalam and English, which is viewed by over 45 million people every month, the startup claimed.

“We are addressing issues faced by the youth with respect to jobs, career opportunities, acquiring skill sets, and more. With over 60 percent of college graduates remaining unemployed in India, we launched the Josh Skills app to equip students and job seekers with relevant skill sets (such as spoken English, financial literacy, and personality development) to help them become gainfully employed,” the founders said.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India for February 25-27.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
Josh TalksGurugram1.5 millionPre-Series AMedia Development Investment Fund (MDIF)-Consumer/Internet Economy
Qure.aiMumbai16 million-Sequoia IndiaMassMutual Ventures Southeast Asia (SEA)HealthTech
HasuraSan Francisco, Bengaluru9.9 millionSeries AVertex Ventures USSAP.iO Fund, Nexus Venture Partners, Strive VCTechnology
Ummeed Housing Finance Pvt. LtdGurugram23 millionSeries DMorgan Stanley Private Equity Asia LGT Lightstone AspadaFinancial Services
PhoneParLoanDelhi--MOX-FinTech
EzetapBengaluru364197-Ezetap Mobile Solutions Pte. Ltd-FinTech
LetsShaveChandigarh--Wipro Consumer Care – Ventures-Consumer Product
AjnaLensThane1.5 millionPre-Series AMaharashtra Defence and Aerospace Venture Fund (MDAVF)Nailesh Khimji, Chirayu Khimji, Jay Jesrani, Mohsin GroupConsumer Product
MinionLabsBengaluru--Kaushik Rajan, R. Mohan Kumaramangalam-Technology

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.