Sequoia-backed Capital Float eyes $150m funding from existing, new investors

Capital Float founders Sashank Rishyasringa and Gaurav D. Hinduja. Photo: Hemant Mishra/Mint

XDigital lending firm Capital Float, which counts Amazon and Sequoia Capital among its existing backers, is in talks to raise $100-150 million in fresh funding from new and existing investors, three people aware of the discussions said. CapFloat Financial Services Pvt. Ltd, which owns Capital Float, has held talks with South Africa’s Naspers, the people mentioned above said on condition of anonymity. The talks are still at an early stage and may or may not result in a deal, they added.

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Following vacancies can be applied for (only in Singapore).   

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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.