India Digest: Verlinvest backs Spring Capital; YC selects startups for W20

Spring Marketing Capital has roped in Belgian investment holding company Verlinvest as an anchor investor in its maiden fund. In another development, Y Combinator (YC) has selected 26 Indian companies for its winter 2020 batch

Verlinvest backs Spring Capital fund

Mumbai-based Spring Marketing Capital has roped in Belgian investment holding company Verlinvest as an anchor investor in its maiden fund, said media reports.

Branding and marketing-focused Spring Marketing Capital was launched by Raja Ganapathy, the former chief marketing officer of Sequoia Capital India, along with Vineet Gupta and Arun Iyer last year. It will also invest in early-stage, consumer-facing startups.

Spring Marketing Capital’s Sebi-registered Category-II fund plans to raise $30 million, The Economic Times reported.

YC selects 26 startups for winter batch

Silicon Valley accelerator Y Combinator (YC) has selected 26 Indian companies for its winter 2020 or W20 batch, The Times of India reported.

This is almost the double of what the influential accelerator had shortlisted for the previous batch. The Mountain View-based YC typically picked 5-10 startups each batch from India over the last 2-3 years.

In an earlier report, YC’s president Geoff Ralston had said that he wants to fund more Indian unicorns and that India will dominate as a market, outside the US.

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.