India Deal Monitor: SAIF Partners, Y Combinator back Able Jobs and updates

Bengaluru-based hiring platform for entry-level talent Able Jobs has raised $1.8 million in a seed funding round led by SAIF Partners.

US startup accelerator Y Combinator, Titan Capital and First Cheque also participated in the financing, the startup said in a statement.

Able Jobs, operated by Jobbox Technologies Pvt. Ltd, will use the funding proceeds to accelerate its product growth and expand its team. The company also plans to build training products for companies to hire talent and expand into adjacent sectors like fast-moving consumer goods (FMCG) and banking, financial services, and insurance (BFSI).

Founded in May last year, Able Jobs provides end-to-end hiring support to companies from finding the right candidate to getting them deployed. It also helps companies acquire talent through social channels and gives them access to people beyond job portals.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India from August 17-19, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Able JobsBengaluru1.8 millionSeedSaif PartnersY Combinator, Neeraj Arora, Titan Capital, First ChequeEducation/TrainingHR Tech
Habbit Health and NutritionDelhi-Pre-Seed3one4 Capital, Utsav Somani of AngelList IndiaRB Investments, Better Capital, First ChequeConsumer ProductsFitness & Wellness
ChingariBengaluru--Brian Norgard, Fabrice Grinda-InternetSocial Media
PixxelBengaluru5 millionSeedBlume Ventures, growX Ventures, Lightspeed VenturesStanford Angels, Ryan Johnson, Inventus CapitalAerospace-
CometChatMumbai/Denver1.6 millionSeedRange Ventures, Silicon Badia, iSeed Ventures-SoftwareSaaS
Masai SchoolBengaluru2.5 millionPre-Series AUnitus Ventures India Quotient and AngelList IndiaEducation/TrainingEdTech
Repute NetworkBengaluru1.7 million (reported)SeedRocket Internet3one4 Capital, GFC Global, Saison Capital, AL Trust, Jitendra GuptaIT Security/CybersecurityBlockchain
FPL TechnologiesPune10 millionSeries AMatrix Partners India, Sequoia Capital India, Hummingbird Ventures-Financial ServicesFinTech
Eden Smart HomesDelhi--Inflection Point Ventures-InternetInternet of Things
SpeakInDelhi--Richard Rekhy-InternetEdTech
Text MercatoBengaluru646666Series A1CrowdBetatron, Andrew Dell, Raaj ShahMedia-
Stack FinanceGurugram-SeedSOSV, MOXAngelList India, IIIT Hyderabad Seed fund, Rohit Chanana, Ajith Karimpana, Ujwal Boyalla, Rebalance angelsFinancial ServicesFinTech
MitronTVBengaluru5 millionSeries ANexus Venture Partners3one4 Capital, LetsVenture, Deep Kalra, Amrish Rau, Jiten Gupta, Amarjit Batra, Anand Chandrasekharan, Radhika Ghai, Vikalp Sahni, Shanti Mohan, TK Kurien, Manish Vij, Harish BahlInternetSocial Media

 

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.