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.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Juno||Bengaluru||3 million||Seed||Sequoia's Surge, Polychain Capital, Dragonfly Capital Partners||Consensys 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 Malik||Financial Services|
|Akna Medical||Hyderabad||7 million||-||LGT Lightstone Aspada||-||Healthcare|
|Mera Cashier||Noida||150000||Bridge||Sukhbir Singh, India Accelerator, Boudhik Ventures, Shankar Nath, Shaurya Garg||-||FinTech|
|Kitchens Centre||New Delhi||500000||Seed||AngelList India (Utsav Somani, Jake Zeller, Jonathon Swanson, Ankush Gera, Revant Bhate)||-||FoodTech|
|Fingpay||Mumbai||3.5 million||Series A||IvyCap Ventures||-||FinTech|