Startup Funding Alert: 10th October 2019

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Indian Angel Network invests in Bihar-based superfood startup Sattuz

Bihar-based traditional superfood startup Sattuz has raised investment from the Indian Angel Network for an undisclosed amount. The startup, owned and operated by Gorural Foods & Beverages, facilitates improved access to the goodness of foods & beverages from rural India for the global consumer base comprising of the new-age, health-conscious individuals. As part of the agreement, IAN investors Hari Balasubramanian and Vikas Kuthiala will be joining the company’s board post-investment. The firm was founded by Sachin Kumar and Richa Kumari in February 2019 and had a vision of providing a tasty and healthy alternative to carbonated and caffeinated beverages engulfing the market.

 

DealShare raises $11 million from Matrix Partners & Falcon Edge Capital

DealShare, a social commerce startup, has raised $11 million in Series A round of financing led by Matrix Partners India and Falcon edge Capital with participation from Omdiyaar Network India, DST Global, and more. The company plans to use the capital to expand geographically, growing AI-based solutions, and indigenous logistics network. The startup offers deals and discounts on daily-use products such as snacks and other edible items including vegetables, fruits, dry fruits, and FMCG products like soaps, lotions, shampoos,etc., as well as household articles like linen, buckets and mops. The firm is currently present in Ahmedabad, Jaipur, Surat, Baroda, Jodhpur, Kota, Ajmer, Sikar, Nagaur and Sawai Madhopur and plans to expand to Maharashtra by this month. 

 

Sequoia Capital and Chiratae Ventures invest $4 million in Hevo Data 

Automated unified data platform Hevo Data has raised $4 million in a seed funding round from Sequoia Capital and Chiratae Ventures. Hevo, based in San Francisco and Bengaluru, said that by using their platform, firms can build a 360-degree view of their consumers, by combining data from multiple diverse data sources and apps including sales CRM, financial system software, advertising channels, marketing tech, and customer support products. the firm is presently working with clients across five countries and has a consumer base of 40 odd mid-sized entities, with median yearly earning from each client between $30,000-50,000. Hevo was founded by Manish Jethani and Sourabh Agarwal in 2017. The firm has seen an 800% growth in its revenue in the past 12 months.

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A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

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