Sixth Sense leads funding in Storia Foods and 18 India deal updates

Storia Foods & Beverages Pvt Ltd has raised $6 million in a Series A funding round from Sixth Sense Ventures (SSIO-III).

The startup will use the capital to expand the business, release new products, and build a distribution network across the country, it said in a statement.

“With Sixth Sense’s expertise in scaling and creating consumer brands, we couldn’t be more excited to partner with them in this journey of building a nutritionally stronger India and creating an ecosystem of exciting, innovative products that offer functional benefits over high sugar and empty calories,” said Vishal Shah, founder and managing director, Storia Foods & Beverages Pvt. Ltd.

Launched in 2017, Storia has an omnichannel distribution strategy that sells through general and modern trade, online marketplaces, and through its own website. The brand is present across 33 cities in India across 50,000-plus retail outlets.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India announced from October 20-24, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Storia FoodsMumbai6 millionSeries ASixth Sense Ventures-FoodE-commerce
Tvasta Manufacturing Solutions LtdBengaluru400,000-Habitat for Humanity International
Kafqa AcademyBengaluru1.3 millionSeedGlobal Founders Capital (GFC)Enzia Ventures, Better Capital, Kunal Shah, Ashish Hemrajani, Parikshit Dar, Virendra Gupta, Vikram Chopra, Kumar Aakash, Alexander PeterEducation/TrainingEdTech
SourcewizGurugram3 millionSeedBlume Ventures, Alpha Wave Incubation (AWI)Ravi Bhargava, Rakshita Agrawal, Dhruvil Sanghvi, Ashish TulsianSoftwareSaaS
BookingJiniGurugram3.3 millionPre-Series AMumbai Angels Network-SoftwareSaaS
ClearDekhoGhaziabad4 millionPre-Series AAroa Ventures CK Jaipuria Family Office, NB Ventures Dubai, Anuj Sheth, Kitty Agarwal, Anand Chandrasekaran, Nandi Vardhan Mehta, Magnus KJoller Holdings, Mandar Joshi, Venture Catalysts, SOSV MOX, Gemba CapitalRetailE-commerce
IDfyMumbai11 millionSeries DTransUnion, Blume Ventures-Information ServicesSaaS
FarMartGurugram10 millionSeries AMatrix Partners IndiaInnoven Capital, Omidyar Network India, Avaana Capital, 500 StartupsAgribusinessAgtech
QuesttGurugram6.75 millionSeries ACelesta Capital, Premji InvestAET Fund, Titan Capital, First Cheque, MarsShot Ventures, Chiratae Ventures Education/TrainingEdTech
MergerDomoNoida500,000BridgeGodrej Industries, Nadir B Godrej-OutsourcingFintech
Yu FoodlabsGurugram1 millionPre-Series A-Manish Choksi, Varun Vakil, Lalvani family, Nikhil Srivastava, Vishal SampatFoodE-commerce
RevfinDelhi4 millionPre-Series ARedcliffe’s Dheeraj Jain, Let’s Venture Angel Fund, Anuraag and Ruchirans Jaipuria, Rishi Kajaria, Rahul SethAmit Goel, Ranjit YadavFinancial ServicesFintech Lending
TamashaMumbai3 millionPre-Series AChiratae VenturesIncubate Fund India, 9Unicorns, Good Capital, Founderbank Capital, FirstCheque, PointOne Capital, Ice.vc, Nitish Mittersain, Siddharth Jain, Navkiran Singh, Harsh Shah, Ramakant SharmaInternetSocial Media
SUN MobiltyBengaluru50 million-Vitol-Energy Storage & BatteriesInfrastructure
MarketWolfMumbai5.5 millionSeed-Anil Thadani, Ashutosh Sinha (former CEO of Morgan Stanley Investment Management Singapore), Roy van Leeuwen (Head of Benelux region at Auto1), Tomas Urbanec (former CEO of Prudential Assurance Singapore), Anuj Srivastava, Ramakant Sharma Financial ServicesFintech
CredAbleMumbai30 millionSeries BPlutus Wealth Management, Oaks Asset Management-Financial ServicesFintech
Dhani Services LtdMumbai160 millionEquityGeneral Catalyst, Sameer GehlautRibbit Capital, Think Investments, First Royalty VenturesFinancial ServicesFintech
Stepbuck TechnologiesMumbai-AngelSreekanth Lapala-Healthcare ITFitness & Wellness
SkyberMumbai53,333-Encubay Angel NetworkNiloufer Irani, Disha Shah, Pratibha WilsonSoftwareSaaS

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.