India: PayU leads funding in Fisdom and 16 more deal updates

Wealthtech platform Fisdom has raised $7 million in a new round of funding led by PayU. The financing saw also the participation of existing investors Quona Capital and Saama Capital, per an announcement.

The fresh funding will be deployed towards new product development and customer acquisition. The company will also look at acquisition opportunities that would add to its product portfolio, it said in a statement.

Co-founded by Anand Dalmia and Subramanya SV, Fisdom provides a platform for investing in multiple products including mutual funds, insurance, pension funds, digital gold etc. and claims to help customers make informed investment decisions for every goal of their life.

“The latest investment will allow us to innovate and provide a holistic experience to our customers across investments, savings and protection. We are also looking to deepen our engagement with our partners which includes several leading banks and digital platforms,” Subramanya SV, co-Founder & CEO,  said.

During the pandemic, Fisdom claims to have seen more than 80% growth in its AUM. The startup has also expanded its existing team and has on-boarded more than 150 employees virtually during the last 6 months across engineering, sales and operations.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from December 2-6, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
FisdomBengaluru7 millionSeries BPayUQuona Capital, Saama CapitalFinancial ServicesFintech
MobikwikGurugram7.04 millionSeries EHindustan Media VenturesPratithiFinancial ServicesFinTech
Swipez Mumbai-EquityAnicut Angel Fund (Venkatesh Ramarathinam)Sanjiv Bajaj, Ashvin Chadha, Harsh KhannaFinancial ServicesSaaS
TagMango Mumbai750,000Seed-Y Combinator, Kevin Lin, XRM Media, the Pioneer FundMarketing/AdvertisingSales & Marketing Software
ePlane CompanyChennai-SeedSpeciale InvestCIIE.CO, FirstCheque, Java Capital, Farid AhsanAerospaceRobotics & Drones
Artivatic.aiBengaluru-BridgeScale VenturesIndian Angel Network (IAN)InsuranceInsuretech
HumusBengaluru--Venture Catalysts, 9UnicornsWe Founders CircleAgribusinessAgTech
Infinite UptimePune5.15 millionSeries BVentureastTHK, Mayfield Fund, GSR Ventures, Global IoT Technology Ventures (GiTV), IL&FS Private EquityIndustrial MachineryInternet of Things
HappyLocateBengaluru600,000Pre-Series AInflection Point (IP) VenturesVM VenturesInternetSaaS
CoreStackSeattle4 million-Iron Pillar-SoftwareCloud Computing
Bolo IndyaGurugram400,000-Inflection Point VenturesEagle10 Ventures InternetSocial Media
The New ShopDelhi500,000SeedHuddle AcceleratorAnthill Ventures, AngelList India, Lets Venture, Sameer Walia, Rohit Chanana, Tejinderpal Miglani, Rathin Lahiri, Rohit RajRetail-
Loop HealthPune2.3 millionSeedSierra VenturesY Combinator, Soma Capital, Daniel Burka, Kevin Lin, Shiva Rajaraman, Al Goldstein, Tracy YoungInsuranceInsuretech
BHIVE InvestechBengaluru1 millionSeed--Financial ServicesFintech
KrikeySan Francisco-Series AReliance Jio-Travel & LeisureAR & VR
KopyKitabBengaluru---Pacatolus, Stanford Angels, Praveen Gandhi, Jeenendra Bhandari, Mohit Dubey, Manoj MehtaEducation/TrainingEdTech
JunioDelhi3 millionSeed--Financial ServicesFintech

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.