India Dealbook: Venuelook raises pre-Series A; New Street Tech bags $2m

Photographer: Chris Ratcliffe/Bloomberg

Indian startup Venuelook has raised an undisclosed amount in pre-Series A funding while New Street Technologies has raised $2 million in fresh funding led by impact investment firm Unitus Ventures.

Venuelook raises pre-series A

Venuelook, an online-to-offline (O2O) platform and marketplace for venue aggregation, recommendation and booking,  has raised an undisclosed amount in a pre-Series A funding round from marquee angel investors, it said in a statement.

Entrepreneurs including Srikant Sastri (co-founder, Crayon Data), Shailesh Rao (senior advisor – TPG; McKinsey & Co; board member – JLL), VP Rajesh (managing partner – Banyan Capital Advisors LLP) and Vishal Sampat (founder of Convonix) also participated in the round.

VenueLook founder Ruchi Garg said, “Venuelook has over 15,000 venues already listed, making us the biggest marketplace of event spaces in India. We plan to use the funds from the current round to replicate our success in Delhi-NCR to other major cities of the country. We have already put in place a team for Mumbai and are in the process of expanding to 16 other cities.”

New Street Technologies bags $2m

Bengaluru-based blockchain startup New Street Technologies has raised $2 million in fresh funding led by impact investment firm Unitus Ventures, per a statement.

Others who participated in the round included Mohit Davar, chairman of trade body International Association of Money Transfer Networks, and other business leaders in the financial services sector. Launched in August 2017 by Sajeev Vishwanathan and Mohit Davar, New Street plans to use the funds to expand operations in India and the Middle East, besides opening up in Southeast Asian markets.

Its flagship platform, MIFIX, connects banks, business correspondents (BCs), and cash outlets to originate and manage credit through integration with existing systems and processes.

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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.