India Dealbook: Propelld, First Step Digital, Caymus Tech, Sepal raise funds

Photo: Pramugdha Mamgain/DealStreetAsia

Fintech startup Propelld, women hygiene products maker First Step Digital, skilling platform Caymus Technology, and Sepal are among the latest startups to have raised funds.

Stellaris invests in Propelld

Bengaluru-based fintech startup Propelld, a student education financing platform, has raised about $2.2 million from Stellaris Venture Partners and India Quotient.

Existing investor India Angel Network Fund (IAN Fund) also participated in the round along with others including Raghunandan G, founder of Taxiforsure and Ramakant Sharma, founder of Livspace, who participated as members of Stellaris’ Founder Network.

With this funding, the firm plans to increase its base of institutes and students 10x over the next 18 months.

IAN backs First Step Digital

First Step Digital Private Limited, which makes women’s hygiene and intimate care products like PeeBuddy and Sirona, has raised an undisclosed follow-on investment from Indian Angel Network (IAN).

The company said the investment is a precursor to a bigger $5-million round that it is planning to raise by the end of the year.

Existing lead investors Vikas Kuthiala and Ishan Singh participated in the latest funding round along with other strategic and high-net-worth individuals. The startup plans to use the funds to sustain the ongoing marketing and distribution expansion initiatives.

Sepal bags funding from SucSEED

SucSEED Venture Partners Tuesday announced that it is leading an investment in Hyderabad-based startup Sepal. A few angel investors are also participating in the round.

The startup plans to use the funds for product development and to enter the last-mile delivery market.

Sepal, operated by Skavionn Auto Pvt Ltd, was founded by Vidhey Addepally and Sriram Kashyap. The Sepal device is a water-repellent canopy for two-wheelers for a smooth and comfortable ride whether it is scorching or showering outside.

Silicon Valley investors back Caymus

Mumbai-based skilling platform, Caymus Technology Ventures, has raised an undisclosed amount from a clutch of angel investors from India and the US.

Silicon Valley’s Rob Solomon participated in the round and will join the advisory board as a mentor to the Founder and CEO. This capital will help Caymus fuel growth and make significant investments to its core AI-based technology and product stack.

Caymus’s flagship product, Lore, is targeted at recent graduates and experienced professionals looking to upskill themselves.

 

 

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.