India Dealbook: Stonebridge backs Dailyhunt; edLABS invests in iDreamCareer

Photo: Bloomberg

Indian startups continue to attract investor attention. Dailyhunt has raised additional $3 million from Cayman Islands-based Stonebridge while iDreamCareer (iDC) has raised an undisclosed amount from edLABS.

Stonebridge backs Dailyhunt

Dailyhunt, a news and local language content platform, has raised about $3 million as part of its ongoing Series F funding round from Cayman Islands-based Stonebridge.

This bring the Bengaluru-based startup’s Series F funding round to $25 million.

In May, Dailyhunt secured about $22 million in Series F funding from Belgium-based investment fund Sofina (Advent Management). It recently also acquired Bengaluru-based hyperlocal video content and news content platform, Local Play, for an undisclosed amount.

edLABS invests in iDreamCareer

Career counselling firm iDreamCareer (iDC) has raised an undisclosed amount in pre-Series A funding from US-based edLABS.

edLABS is part of Gray Matters Capital, an impact investor focused on the education and skilling sector.

“The funding made by our edLABS initiative is aimed at improving the learning outcomes of educational courses by mapping student abilities with courses suitable for them, which, in turn, would help in boosting their future employability prospects,” said Srinita Mitra, Portfolio Manager, Gray Matters Capital edLABS.

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.