India Deal Monitor: SucSEED Ventures backs 6Degree and more updates

Mumbai-based Protinus Fashion Networking Pvt Ltd, which owns and operates fashion commerce and retail management platform 6Degree, has raised an undisclosed amount in pre-Series A funding from SucSEED Ventures.

The startup plans to use the funding proceeds to grow its fashion commerce business.

Started in 2015 by Nikhil Hegde and Amit Bhardwaj, 6Degree claims to provide single-window access to the industry, eliminating the need for middlemen, reducing costs and improving the go-to-market for designers and brands.

The startup claims to have over 15,000 professionals and more than 4,000 designers on its platform. It also boasts partnerships with brands and platforms such as IMG Reliance, Lakme Fashion Week, and Fashion Design Council of India.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India between July 15 and July 19, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
6DegreeMumbai-Pre-Series ASucSEED Ventures-Retail-
ThriveFNCPune--Rajesh Ranavat, Executive Director at Fung Strategic Investments-Healthcare ServicesFitness & Wellness
VedantuBengaluru100 millionSeries DCoatue Management-Education/TrainingEdTech
UableBengaluru-Seed3One4 CapitalAmrish Rau, Jitendra Gupta, Global Founders Capital, Inflection Point Ventures, AngelListEducation/TrainingEdTech
RipseyMumbai133,093-ah! Ventures-FoodFoodtech
uFony Services Pvt. LtdPune--The Chennai Angels (TCA)-Education/TrainingEdTech
ZeotapBengaluru/Berlin42 millionSeries C-Neue Capital, European Investment Bank (EIB), Coparion, New Science Ventures, Capnamic Ventures, Iris Capital, HERE, Innov8 (Singtel), IONIQ, Eric Roza, Chris ScogginsSoftwareSaaS
Crio.DoBengaluru936,197Pre-Series A021 CapitalRavi G, Mekin MaheshwariSoftwareEdTech

 

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.