Stellaris, Omidyar lead funding in Credflow and 10 more India deal updates

Fintech startup Credflow, which offers cash flow management solutions for Indian small and medium enterprises (SMEs), has raised $2.1 million in its seed round of funding led by Stellaris Venture Partners, Omidyar Network India, and Flourish Ventures.

Angel investor Nitin Gupta (Founder of Uni.money) also participated in the round, per a company statement.

Credflow will use the funds to further develop its platform, strengthen its tech capabilities and build new products, with a focus on expanding its customer base. The company is also looking to expand its team across tech, product and marketing.

Launched in 2020 by Kunal Aggarwal, CredFlow offers a cashflow management SaaS platform, which helps SMEs manage their finances by using a dashboard of pending amounts by customers, sending timely payment reminders, validating invoices, and negotiating discounts for early payment.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from April 11-14, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
CredflowDelhi2.1 millionSeedStellaris Venture Partners, Omidyar Network India, Flourish VenturesNitin GuptaFinancial ServicesFintech
SolethreadsGurugram1.7 millionSeries ADSG Consumer Partners, Saama Capital-Consumer ProductsE-commerce
Byju'sBengaluru455 millionSeries F-Baron Funds, B Capital Group, XN Exponent Holding, Arison Holdings, Tarsadia Capital, MC GlobalEducation/TrainingEdTech
WeWork IndiaGurugram26.6 millionDebt/Equity--Real Estate Development & Operating CompanyReal Estate Tech
LearnVernAhemdabad1 million---Education/TrainingEdTech
PolicyBazaarGurugram-Secondary-Serum Institute of India, Ashoka India Equity Investment Trust Plc, Triumph Global Holdings Pte Limited, IIFL Special Opportunities Fund Series 8, India Acorn Fund LtdInsuranceInsuretech
LimeChatGurugram750,000Seedpi Ventures, Stellaris Venture Partners
Nova Benefits Bengaluru1 millionSeedMultiply Ventures, Better Capital, Titan Capital-InsuranceInsuretech
UpscaleBengaluru250,000Pre-SeedPowerhouse Ventures, Java Capital, GSF AcceleratorSoftwareSales & Marketing Software
DyboBengaluru160,000SeedSpanacheManoj NigamSoftwareAR & VR
BeldaraMumbai7.4 million-Hindustan Media Ventures-RetailE-commerce

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.