India Deal Monitor: Zinier raises $90m led by ICONIQ and more updates

San Francisco and Bengaluru-based field service automation startup Zinier Wednesday announced that it has raised $90 million in Series C funding led by ICONIQ Capital.

The round also saw the participation of Tiger Global Management, along with existing investors Accel, Founders Fund and Qualcomm Ventures LLC, the company said in a statement.

Zinier will use the funds to expand its global footprint into markets of Australia, Brazil, Chile, France and the Iberian Peninsula, the statement added. Besides, it will also invest in R&D to expand its AI-driven platform ISAC, and expand into additional industries that rely on field service work for business success.

“Services that we rely on every day – electricity, transportation, communication – are getting by on centuries-old infrastructure that requires a major upgrade for the next generation of users,” said Arka Dhar, co-founder and CEO of Zinier.

“A field service workforce powered by both people and automation is necessary to execute the massive amount of work required to not only maintain these critical human infrastructures, but to also prepare for growth. Our team is focused on enabling this transformation across industries through intelligent field service automation.”

Zinier claims that its intelligent field service automation platform helps organisations work smarter—from the back office to the field. It has worked with global companies like Black & Veatch and Car-Sa, and formed strategic partnerships with system integrators like Capgemini and Tata Consultancy Services.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India from January 14-January 16.

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
ZinierUS, Bengaluru90 million Series C ICONIQ CapitalTiger Global Management, Accel, Founders Fund, NGP Capital, Newfund Capital, Qualcomm VenturesTechnology
ToddleBengaluru-- Matrix Partners IndiaBetter Capital, Rahul JaiminiEdTech
WYSHHyderabad2 millionSeries A Kalaari CapitalWhiteboard Capital, Touchstone Equities, AngelList, AET fund, IIMK, GEMBA CapitalConsumer
Aesthetic Nutrition Pvt LtdNew Delhi-Pre-Series ADSG Consumer Partners-Health & Wellness
TechnifyBiz New Delhi2 millionSeedOmnivore, Insitor Impact Asia Fund Shashank Kumar, Harshil MathurLogiTech
NumocityBengaluru--Ideaspring Capital, Rebright Partners, ABB Technology Ventures (ATV)-Technology

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.