India Dealbook: Quick Heal invests in SG-based startup; IFC to invest in Onsitego

Pune-headquartered IT security solutions company Quick Heal Technologies Ltd has pumped in Rs 2 crore in Singapore-based wireless technology startup Ray. In a separate development, IFC is understood to be considering a proposal to invest $10 million in Onsite Electro Services Pvt. Ltd, a provider of extended warranty and after-sales services for appliances and consumer electronics.

Antivirus software maker Quick Heal invests in SG-based startup

Pune-headquartered IT security solutions company Quick Heal Technologies Ltd has pumped in Rs 2 crore in Singapore-based wireless technology startup Ray.

The deal comes in at a time when Quick Heal is ramping up its efforts to invest in disruptive technologies to expand its operation. The company recently clocked an investment in Israel-based L7 Defense.

Established in 2019, Ray offers wireless access point for home and SMEs businesses. Its flagship product is called RayOS, which is built on a secure framework to protect its users from unknown threats.

IFC to invest in Accel-backed Onsitego

International Finance Corporation (IFC), a member of the World Bank Group, is considering a proposal to invest $10 million in Onsite Electro Services Pvt. Ltd, a provider of extended warranty and after-sales services for appliances and consumer electronics, according to a disclosure.

Onsitego, headquartered in Mumbai, was established in 2010. It recently launched its annual maintenance contract (AMC) services for appliances.

The proposed funding will help Onsitego to ramp up its product distribution and service delivery channels, and develop its own technological and service infrastructure, among others.

The company recently made headlines recently made headlines when it raised $19 million led by Zodius Growth Fund with participation from Accel Partners.

 

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.