India Deal Monitor: Sequoia Capital‘s Surge backs Juno and more updates

Juno, a cross-border neobank, Friday announced that it has raised $3 million in a seed funding round from Sequoia Capital‘s Surge programme, Polychain Capital, and Dragonfly Capital Partners.

The round also saw participation from investors such as Consensys Labs, Astarc Ventures, Singapore Angel Network and notable angels including Balaji S. Srinivasan (ex-CTO, Coinbase and General Partner, a16z), Salil Deshpande (ex-MD, Bain Capital Ventures), Amrish Rau and Jitendra Gupta (CEO & MD, PayU India), Nitin Sharma from Incrypt, Venu Palaparthi (CCO, Dash Financial), Rajesh Chelapurath (President, Ceera Investments), Brian Ma (Founder, Divvy Homes), Sanjay Mehta from Mehta Ventures, and Prashant Malik (Creator of Apache Cassandra), the Bengaluru-based startup said in a statement.

Juno co-founder Varun Deshpande said: “We are currently in the process of finalising our partner bank and launching in private beta. Once finalised, we will be able to create checking accounts for customers with our partner bank, initiate ACH transfers, issue debit cards and start providing you with ways to save more.”

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India from April 2-6, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
JunoBengaluru3 millionSeedSequoia's Surge, Polychain Capital, Dragonfly Capital PartnersConsensys Labs, Astarc Ventures, Singapore Angel Network, Balaji S. Srinivasan, Salil Deshpande, Amrish Rau, Jitendra Gupta, Nitin Sharma, Venu Palaparthi, Rajesh Chelapurath, Brian Ma, Sanjay Mehta, Prashant MalikFinancial Services
Akna MedicalHyderabad7 million-LGT Lightstone Aspada-Healthcare
Mera CashierNoida150000BridgeSukhbir Singh, India Accelerator, Boudhik Ventures, Shankar Nath, Shaurya Garg-FinTech
Kitchens CentreNew Delhi500000SeedAngelList India (Utsav Somani, Jake Zeller, Jonathon Swanson, Ankush Gera, Revant Bhate)-FoodTech
FingpayMumbai3.5 millionSeries AIvyCap Ventures-FinTech

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.