India Deal Monitor: Origo raises $6.8m from responsAbility and more updates

Gurugram-based Origo, a commodities and rural finance company, has raised about $6.8 million (Rs 48.5 crores) from Switzerland-based responsAbility Investment AG, Maanaveeya, a subsidiary of Dutch social impact investor Oikocredit, and IndusInd Bank.

The funds raised will accelerate Origo’s plan of creating a robust rural financial ecosystem by increasing its distribution in rural India, the startup said in a statement. These funds will allow Origo to provide much-needed capital to agri-enterprises, both small and medium.

Origo, through Origo Commodities and Origo Finance, provides solutions for reducing post-harvest losses in the commodity supply chain, helping dairy and small enterprises in rural India obtain required financing to support their businesses.

It boasts of a team of 1,800 employees across 12 states.

“Over the last 10 years we have gained strength in rural India, helping agri-enterprises and also micro and small enterprises with access to much-needed financing. We cover multiple aspects of rural India including agriculture, dairy and micro businesses. With these investments, we hope to gain further inroads and provide stronger solutions across many more locations,” Venkatram Reddy, CEO, Origo Finance, said.

INDIA DEAL MONITOR

Here are some of the venture capital transactions in India between December 10-December 11.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
OrigoGurugram6.83 million-responsAbility Investment AG, Maanaveeya, and IndusInd Bank-FinTech
Lil' Goodness and sCoolMealBengaluru400000SeedSajan Pillai, Dr. Muthu Krishnan, Tata Health, family of Lalit Pai, co-Founder of Nightingales Home HealthcareFood
eJOHRIMumbai1 millionPre-Series ARajesh RanavatOther unnamed investorsJewellery
m.PaaniMumbai5.5 millionSeries AAC Ventures, Kevin Aluwi, Henkel, Candy Ventures, Ryu Suliawan, and Suvir VarmaChiratae Ventures, Blume VenturesRetail
Freightwalla Mumbai4 millionSeries AAmplo, FJ Labs and Rogue One Capital Kae Capital, Tekton VenturesTransportation
MyGameMateBengaluru100000AngelJindagi Live AngelsOther AngelseSports

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.