India Deal Monitor: Sequoia leads funding in LambdaTest and more updates

Cloud-based browser testing platform LambdaTest Wednesday announced that it has raised $6 million in a funding round led by Sequoia Capital India’s Surge.

Blume Ventures, Entrée Capital, and Leo Capital also participated in the round, along with Gokul Rajaram and Ramakant Sharma.

Founded in 2017 by Asad Khan and Jay Singh, LambdaTest is a testing infrastructure company that allows developers to test their websites and apps on any browser or operating system environment.

“Our ultimate goal is to bring the whole testing ecosystem to the cloud platform, where all testing processes are done in a seamlessly integrated infrastructure that is easy to scale up and helps for easy application, debugging, and ultimately helping to bring out the best quality products in the shortest amount of time,” said Asad Khan, Co-founder and CEO, LambdaTest.

Since its launch, the company has been used to perform more than 12 million tests by its 350,000 users, including individuals, SMEs and Fortune 500 companies such as Xerox, Cisco, Deloitte, Media.net, Coca-Cola, Trepp, SurveyMonkey, Capgemini, HBR, Dashlane, and Zoho.

The company claims to have seen 8-10 per cent month-on-month growth in terms of sign-ups, customers, website visits, and revenue.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from November 26-December 2, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
LambdaTestSan Francisco6 million-Sequoia Capital India’s SurgeBlume Ventures, Entrée Capital, Leo Capital, Gokul Rajaram, Ramakant SharmaIT InfrastructureCloud Computing
SignzyBengaluru3 million-Vertex Ventures-SoftwareFinTech
AampeUS/Singapore1.8 million-Sequoia Capital India's Surge-SoftwareSaaS
SAWO LabsMumbai745257SeedStartupXseed-Information ServicesSaaS
Kaagaz ScannerGurugram575000-Pravega Ventures, Axilor Ventures, Better CapitalPhanindra Sama, Farooq AdamConsumer ServicesAI and Machine Learning
NeoDocs Mumbai-Pre-Seed9UnicornsDr. Rohit Srivastava, Hemanshu JainHealthcare ServicesHealthTech
HabitatBengaluru676700SeedUnitus Ventures, Whiteboard Capital-Education/TrainingEdTech
Vistaar FinanceBengaluru30 millionDebtFMO-Financial ServicesFintech Lending
CREDBengaluru80 million-DST GlobalSequoia Capital, Ribbit Capital, Tiger GlobalFinancial ServicesFintech
PrescintoAhmedabad-SeedVenture CatalystsRohit ChananaSoftwareInternet of Things
ToppeqMumbai-Seed-Vaillant Capital Partners, Kunal Bajaj Financial ServicesSaaS
Codingal EducationBengaluru560000SeedRebright Partners, Java Capital, GSF Accelerator-Education/TrainingEdTech
Raskik-1 millionPre-Series AVenture Catalysts, 9UnicornsSyed Safawi, Kunal Bahl, Rohit Bansal, Santosh Desai, Amit Jain, Neeraj Mutha, EvolvX Advisory LLPFood-
Eightfold AINoida125 millionSeries DGeneral CatalystCapital One Ventures, Foundation Capital, IVP, Lightspeed Venture PartnersSoftwareAI and Machine Learning
KytBengaluru2.5 million-Sequoia Capital India’s Surge Titan Capital, Kunal Shah, Amrish Rau, Jitender Gupta, Allen Penn, Martin LiEducation/TrainingEdTech
Let’s DiveCalifornia1.7 million-Sequoia Capital India’s SurgeVillage Global, Akhil Paul, Anand Chandrasekaran, Job Van, OnDeck, Ravish Naresh, Sai Srinivas, Sunita Mohanty, Utsav Somani, Zvi BandSoftwareSaaS
Pravasi Rojgar-34 million-GoodWorker-InternetHR Tech
AwignBengaluru-Pre-Series B-Michael and Susan Dell Foundation, Unitus Ventures, Eagle10 VenturesOutsourcingHR Tech
Mobile Premier LeagueBengaluru500000Series BRitesh Agarwal’s RA MPL Holding-Travel & LeisureeSports

 

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.