India Digest: PagarBook, Mobile Premier League in separate funding talks

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PagarBook is in advanced discussions to raise $7 million funding from existing investor Sequoia Capital while Susquehanna International Group (SIG) is looking to invest in mobile gaming platform Mobile Premier League (MPL), Entrackr reported.

PagarBook in talks to raise funding from Sequoia

Bengaluru-based employee management app PagarBook is in advanced discussions to raise $7 million funding from existing investor Sequoia Capital.

“The talks have been on for the past two months and a term sheet has already been given by Sequoia,” the report said quoting sources.

Founded by Adarsh Kumar and Rupesh Kumar Mishra, PagarBook helps small companies maintain attendance, salaries, advance payments, and payroll management. The startup had earlier raised Rs 15.2 crore and Rs 30 lakhs from Sequoia’s Surge Ventures and Kunal Shah’s QED Innovation respectively.

Susquehanna International eyes MPL

Bengaluru-based mobile gaming platform Mobile Premier League (MPL) is in advanced talks to raise $50-60 million in its Series B funding round from Susquehanna International Group (SIG).

The contours of the transaction have almost been finalised, the Entrackr report said. The deal is likely to value MPL at about $350-380 million.

The startup has raised $40.5 million in funding to date. It last raised $35.5 million in Series A round led by Sequoia India, Times Internet and Go-Ventures, the venture capital arm of Indonesia’s GOJEK in April last year. Prior to that, it had raised $5 million in seed funding from Sequoia, BEENEXT, and others.

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.