Siana Capital backs Gramophone and nine more India deal updates

Agricultural paddy

Agstack Technologies Pvt. Ltd, which operates agricultural-technology platform Gramophone, has raised about $3.4 million in a funding round led by deep tech investor Siana Capital.

Existing investors Info Edge Ventures fund, Asha Impact and Better Capital joined the round, the company said in a statement.

The startup will use the funding for product development, data science and scale operations across geographies.

Founded in 2016 by IIT graduates Tauseef Ahmad Khan, Nishant Vats Mahatre, Harshit Gupta and Ashish Rajan Singh, Gramophone claims to provide crop protection, crop nutrition, seeds, implements and agri hardware to farmers at their doorstep. The company has around 550,000 Indian farmers on its platform.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from December 25, 2020-January 3, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
GramophoneIndore3.4 million-Siana CapitalInfo Edge Ventures fund, Asha Impact, Better CapitalAgribusinessAgTech
GigIndiaPune1 millionPre-Series AIncubate Fund IndiaBeyond Next Ventures, Avaana Capital's Anjali Bansal, Vineet Patni, S Ramadorai, Kiran Deshpande, MD Ravi Nigam, Shashank DeshpandeInternetHR Tech
qZense LabsBengaluru613,953SeedVenture Catalysts9Unicorns, The Chennai Angels, Entrepreneur First, Lumis PartnersElectronicsAgTech
RapiPayNoida9 millionSeries A-Dabur Group, Sheela Foam, Naresh Trehan, Dalmia Bharat Group, ACME, ORG Investments Financial ServicesFinTech
AqgromalinChennai271,739---AgribusinessAgTech
Pariksha Pune1.8 millionSeries ABharat Inclusive Technology FundLets Venture, 9Unicorns, Innercircle One Consulting, Nikhil VoraEducation/TrainingEdTech
boATDelhi60 millionSeries BSouth Lake Investment Limited-ElectronicsE-commerce
NCOME Tech Solutions Delhi490,596Pre-SeedVenture Catalysts, PointOne Capital9Unicorns, LetsVentureSoftwareFinTech
VauldBengaluru2 million--Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos Capital, LuneX Ventures, Robot Ventures, CoinShares, Better Capital, New Form Capital, Jesus RodriguesFinancial ServicesBlockchain
MetvyGurugram--HostelFund-InternetAI and Machine Learning

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.