India dealbook: Kris Gopalakrishnan backs RentoMojo; Freight Tiger raises $2m

Furniture and appliance leasing startup RentoMojo and logistics technology startup Freight Tiger are among the latest Indian startups to have secured funding.

Kris Gopalakrishnan backs RentoMojo

Furniture and appliance leasing startup RentoMojo has received $717,000 in debt funding from Infosys Ltd co-founder Senapathy Kris Gopalakrishnan via non-convertible debentures, VCCircle reported.

Gopalakrishnan routed the investment through his family office, Pratithi Investment Trust, the report said citing a source.

Earlier this month, RentoMojo was reported to be raising about 11 million (Rs 77.72 crore) in a Series C funding round led by existing investors Accel India and Chiratae Ventures. The Bengaluru-based startup is also expected to receive a capital infusion from Bain Capital Ventures and Japanese investor GMO Venture Partners.

Freight Tiger raises $2m

Logistics technology startup Freight Tiger has secured $2 million in funding from Alsthom Industries Ltd, the cement grinding unit of Dalmia Cement (Bharat) Ltd, VCCircle reported.

Mumbai-based Freight Tiger was founded in 2014 by Swapnil Shah. The company operates a mobile app for truck-owners, brokers and logistics companies, helping them increase their truck utilisation.

Other investors in the startup include Lightspeed India Partners and Shriram Transport Finance Company Ltd.

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.