Mumbai Angels and others join hands in funding USD 2 Mn Pre-Series A round in TurboHire, an intelligent recruitment automation platform

 

Mumbai Angels and others join hands in funding USD 2 Mn Pre-Series A round in TurboHire, an intelligent recruitment automation platform

TurboHire will utilize the funds for enhancing product automation and expanding global revenue   Mumbai October 11, 2022: Mumbai Angels, a premier platform for private investments, and others raised USD 2 Million in Pre-Series A round of funding for TurboHire. The investment was co-led by Pentathlon VC and The Chennai Angels, and also saw participation from T- Fund, Purvansh Holdings, Mumbai Angels and Hyderabad Angels, and global strategic investors Samir Khosla and Francisco Arcilla. The recruitment automation platform that is focused on enabling intelligent hiring is slated to use the fresh funds on improving its product automation further and scaling up its revenue contribution from global markets.

“With talent recruitment challenges compounding with time, AI automation is the way forward for ensuring the right and speedy placement of candidates for future profitability.  We wish TurboHire great success as it endeavors to advance its growth and impact across geographies with fresh funds,” commented Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels on the investment.

Deepak Agrawal, Co-Founder and CEO of TurboHire, while reiterating his focus on building growth for the future said, “When it comes to Recruitment Automation, we do not focus on what has been done by others so far; rather we focus on redefining What's Possible. The team at TurboHire works every day on creating the future and this round is a testament to the investors' belief that TurboHire is on its way to build and lead the Recruitment Automation Software category, globally.”

For TurboHire, this round of funding comes as a timely push to springboard their growth and expansion plans. The company aims to maintain a 20% CMGR graph while also growing its international presence to 25% of its total revenue. Founded in 2019, TurboHire is the first of its kind recruitment automation platform that combines resume intelligence, recruitment automation, and workflows in an easy-to-use user interface. The tailor-made solution that focuses on ensuring maximum accuracy in candidate selection (98%), and reductions in the cost and time spent to hire to the tune of 65% and 78%, respectively, comes with 40+ pre-built integrations suitable for all hiring scenarios. With the current clientele base of 130+ companies globally, the startup is now bracing up for its next phase of growth. The startup was co-founded by Deepak Agrawal (CEO), Aman Gour (CRO), Abhishek Kabra (CTO), Gaurav Kumar (VP-Engineering), and Rakesh Nayak (VP-Engineering). The TurboHire leadership team constitutes domain experts, second-time entrepreneurs and alumni of the IITs, NIT, ISB, IIMs, SCMHRD, and XIMB. Headquartered in Hyderabad, India, the company's clients are spread across India, UK, USA, Sweden, Singapore, Australia, Indonesia, and more.

About Mumbai Angels Started in 2006, Mumbai Angels, India's premier platform for private investment holds an AUM of USD 130 Mn and a 200+ strong portfolio spanning a wide range of sectors, such as Technology, Consumer, Life Sciences, DefenseTech, SpaceTech, EV, AgriTech, FinTech, EdTech, Gaming and Content, etc. Of the overall portfolio, the platform has exited/secured the next round of funding for 100+ of them. The platform has 700 investors spread across 60+ Global and Indian cities.

Mumbai Angels invests in Sugar Watchers, a healthy food company offering high-quality, low-sugar staple foods to combat diabetes

 

Mumbai Angels invests in Sugar Watchers, a healthy food company offering high-quality, low-sugar staple foods to combat diabetes

The funding will prove instrumental in strengthening the brand’s marketing, working capital, and product development capabilities   Mumbai, 26 September 2022: Mumbai Angels, a premium platform for private investments, invests in food startup, Sugar Watchers, a low Glycemic index food brand, along with FAAD Network. The startup, on a mission to reduce the spread of diabetes in India, offers 100% natural, and clinically tested food alternatives that taste similar to that of regular foods, and are endorsed by experts in the field.  The funds will boost Sugar watchers’ Marketing, Working Capital, and Product Development capabilities.

Commenting on the investment, Nandini Mansighka, Co-Founder & CEO of Mumbai Angels said, “With rising awareness and preference for healthy food alternatives, consumers today are squirming for quality and affordable healthy options. India being the diabetic capital of the world, players like Sugar Watchers have an immense opportunity to tap into this huge need. We wish success to the Team of Sugar Watchers in its efforts in facilitating a seamless healthy eating adoption across geographies.”

Treman Singh Ahluwalia, Founder of Sugar Watchers said, “As enablers of healthy living, we are ushering in a health revolution that mainly addresses the problem of wrong choices of staples that occupy the center place on Indian plates.  We are glad to have closed this bridge round with Mumbai Angels and Faad Networks, which will help us focus on launching new products and expand to newer geographies like UAE and USA.”

Sugar Watchers, a brand of 100% natural and clinically tested low-GI staples as well as popular snacks, is on a mission to reduce the spread of diabetes in India. The well-researched, scientifically tested, patent-backed low-GI offerings are recommended by multiple renowned nutritionists and dieticians pan India. Categorized into 4 different categories, such as Diabetes, PCOS, Weight Management, and General Health, the staples and popular snacks include rice, atta, noodles, instant mixes, etc. Sugar Watchers delivers its offerings pan India via its website, and other channels such as Amazon, Flipkart, Bigbasket, Milkbasket, Wellversed, etc.

About Mumbai AngelsStarted in 2006, Mumbai Angels Network is India's premier platform focused on new venture investing. Mumbai Angels today has a 200+ strong portfolio across sectors and cities in India. Of the overall portfolio, the platform has exited/secured the next round of funding for 100+ of them. Today the platform has 700+ investors spread across 60+ global cities.

Mumbai Angels and others invest in PickMywork, a digital distribution network for internet companies, as part of its Seed funding round

 

Mumbai Angels and others invest in PickMywork, a digital distribution network for internet companies, as part of its Seed funding round

The fresh funds will be utilized for expanding the startup’s distribution network across geographies in India   Mumbai, September 20, 2022: Mumbai Angels, a premium platform for private investments, recently participated in a USD 1 Million Seed funding round for PickMyWork, a gig platform for upskilling and enabling easy sales scale up for digital solution providers. The round also saw participation from others like SOSV's Orbit Startups, Soonicorn Ventures, Upaya Social Ventures, Blume Founders Fund, Venture Catalyst, 888 Network, Imperier Holdings, and WeFounderCircle. The company plans to use the fresh funds in expanding its distribution network across geographies pan India. A part of the raised investment will also be utilized in strengthening the technology backbone which will further increase the efficiency of the distribution

Nandini Mansinghka, CEO & Co-Founder of Mumbai Angels commented, “As the digital revolution continues to set up new trajectories for innovative business solutions, PickMyWork’s offerings are a tremendous value add for growth-driven enterprises and the gig economy. With a proven track record of established growth in the past, we are confident that the income multiplier platform is set for a seamless expansion across new territories.”

Commenting on the funding round, Vidyarthi Baddireddy, Co-Founder & CEO, PickMyWork said, "With new internet businesses launching every day there is a dire need for a strong distribution pillar to catalyze their growth. It becomes an impossible task for these businesses to penetrate the tier 2 and tier 3 markets where there is still a grave need for assistance as these geographies gradually adapt to the digital world. PickMyWork is bridging this gap for various businesses, while simultaneously creating income sources. We have seen the model succeed, which is also reflecting in our month-on-month growth rate of 30 per cent. We are glad that our investors are here to guide us as we move towards our ambitious targets," said Vidyarthi, CEO, PickMyWork.”

Founded in 2019 by Kajal Malik, Vidyarthi Badireddy, and Utsav Bhattacharjee, PickMyWork is a gig platform that helps digital companies acquire end customers for their products through a Pay-per-Task model at a very low CAC.

About Mumbai Angels Started in 2006, Mumbai Angels is India's premier platform focused on new venture investing. Mumbai Angels today has a 200+ strong portfolio across sectors and cities in India. Of the overall portfolio, the platform has exited/secured the next round of funding for 100+ of them. Today the platform has 700+ investors spread across 60+ global cities.

Mumbai Angels invests in Travel Buddy, the social travel network & D2C Marketplace, along with others

 

Mumbai Angels invests in Travel Buddy, the social travel network & D2C Marketplace, along with others

6th September 2022: Mumbai Angels, a premium platform for private investments, has invested in Travel Buddy, the world's first social travel network. The travel platform offers solutions like trusted Travel Buddy Finder, Local Experts across popular destinations and a direct-to-consumer marketplace.  The Travel Buddy team plans to spend 55% of the funds on improving technology and building a strong foundation to assist more than 240 Million users by 2025-26. With plans for further product development, integration of a booking engine into the D2C marketplace, and introduction of a host of curated services on cards, Travel Buddy envisions ramping up its future revenue stream with new funds.

Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels, said, “After a brief lull, the travel market is buoyant with accelerating demands. Travel Buddy has ensured trust and an exhilarated experience for its travelers through a unique solution that holds immense potential to address the pain points inherent in the travel industry. Looking forward to seeing Saurav, Vijay and the team take great strides in scaling up their reach and impact with the fresh funds.”

While commenting on the startup’s future plans, Saurav Chakraborty, Founder-Travel Buddy, said, “It will be our focus to open a new arena of exclusive deals in Travel buddy, in creating a win-win situation for both our travelers and the service providers. We are confident that the fresh funds will tailwind the execution of Travel Buddy's planned initiatives for the future.”

He further added, “There cannot be a better validation than Mumbai Angels Network accepting us as their portfolio company. The support from Mumbai Angles comes at the time when our product goes cross-platform and starts expanding the D2C marketplace for travel brands is enthralling. We are extremely thankful to the network for their support.” Founded by Saurav Chakraborty along with Vijay Saini and Paromita Bir in the year 2020, Travel Buddy has built a global community of more than 1 Million travel content creators and enabled online shops for 25K travel providers who are selling their services through hotels, homestays, and transport. This app will offer travel providers adequate leads to sustain their business and a platform for travelers to connect, share and meet.

About Mumbai Angels Started in 2006, Mumbai Angels is India’s premier platform focused on new venture investing. Mumbai Angels today has invested in 200+ companies in its portfolio across sectors and cities  in India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 100+ of them. Tod

Mumbai Angels and other investors invest INR 8 Cr in digital training platform Spardha as a part of its Pre-Series A2 round

 

Mumbai Angels and other investors invest INR 8 Cr in digital training platform Spardha as a part of its Pre-Series A2 round

Spardha will leverage the funds to expand its sales and operations team, upgrade its products, build its brand, and ramp up its marketing efforts to gain a stronghold in the global market    25th June 2022: Mumbai Angels, a premium platform for private investments, along with others has invested INR 8 Cr in a Series A2 round of funding in Spardha, a digital training platform. Spardha will use the fresh capital to expand its team by hiring for its sales and operations teams and upgrading its products. The company will also be leveraging the funds to build its brand and for ramping up marketing efforts to expand its presence in the global market.

“Increasing consumer propensity for flexibility and reduced cost has made online learning a preferred option worldwide. With geographic barriers fading away in response to the online skilling revolution, there is a huge market yet to be explored. I am confident that Spardha is well placed to exploit this burgeoning glocal demand with its well-established global presence and versatile music platform,” said Nandini Mansighka, CEO & Co-Founder of Mumbai Angels.

“Spardha’s mission is to contribute to the holistic development of our students and teachers. We want to become the most trusted platform for Performing Arts Education globally. We have achieved a healthy user base of 15,000 so far. We are thankful to be backed by marquee investors who have placed their faith in us. We believe this funding will help us achieve our goal of expanding our footprint and augmenting our product offerings,” added Saurabh Srivastav, Founder and CEO of Spardha.

With the help of its curated curriculum, certified trainers, and state-of-the-art technology, Spardha is expanding rapidly not only in India but also in the international markets. Headquartered in Pune, Spardha, offers a unique blend of professional teachers, a result-oriented curriculum, personalized musical journeys for different student personas, and a digital platform where you can perform online, jamming, practice with your friends/peers, compete with your peers, co-create music with your peers and launch your own compositions. The company plans to garner a user base of 50,000 in the coming months. With more than 400+ certified teachers on its platform across Hindustani, Carnatic, and Western Music, Spardha is one of the fastest-growing online music schools globally. Recently Spardha achieved one more milestone of crossing INR 10 Cr+ ARR in Sales and Renewals. More than 60% of the revenue comes from international markets, i.e., the USA, UK, UAE, Australia, and Singapore.

About Mumbai Angels Started in 2006, Mumbai Angels, India's premier platform for private investment holds an AUM of USD 130 Mn and a 200+ strong portfolio spanning a wide range of sectors, such as Technology, Consumer, Life Sciences, DefenseTech, SpaceTech, EV, AgriTech, FinTech, EdTech, Gaming and Content, etc. Of the overall portfolio, the platform has exited/secured the next round of funding for 100+ of them. The platform has 700 investors spread across 60+ Global and Indian cities.

Mumbai Angels, Hindustan Media Ventures Pvt Ltd, and others invest in pre-Series A round of Hemp Horizons

 

Mumbai Angels, Hindustan Media Ventures Pvt Ltd, and others invest in pre-Series A round of Hemp Horizons

Mumbai Angels, Hindustan Media Ventures Pvt Ltd, and others invest in pre-Series A round of Hemp Horizons    18th June 2022: Mumbai Angels, a premium platform for private investments, invests in Hemp Horizons, a vertically integrated, zero waste and carbon-negative pioneer in the domestic hemp industry. The undisclosed funding round that saw the participation from Hindustan Media Ventures Pvt Ltd, and others, will enable Hemp Horizons to build a robust offline distribution network, strengthen marketing strategies, promote its D2C brand 'Health Horizons,' and launch new products.

"With the recent regulatory amendment advancing the recognition of Hemp seed as a nutritional superfood product, the Hemp industry is upbeat about its growth prospects. I am confident that as an established vertically integrated player focused on driving a carbon-negative footprint, Hemp Horizons is set to capitalize on the Hemp revolution for the unabated future growth," said Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels

“With this renewed support from our previous investors, Mumbai Angels and Hindustan Media Ventures Pvt Ltd, we are all set to build a much larger organization at Hemp Horizons. We are excited to see how the hemp and cannabis industry has evolved since our inception five years ago. At Hemp Horizons, we don't just sell products but encourage a zero-waste ecosystem. We have created a sustainable foundation with an unbreakable supply chain, in-house GMP, and USFDA-registered manufacturing and packaging facility. Every product we sell comes right from the farm into the customers' hands, and Hemp Horizons is the only channel in between,” "With these fresh funds, we will be building our offline distribution network, which will allow us to create a true D2C system that is sustainable and has a relatively lower carbon footprint. For consumers, I would like to say, read the labels and do your research before buying the products. It's important to know the lifecycle of every product. The Indian hemp and cannabis industry is growing significantly, and soon we will be an exporter to the world" added Co-Founder & CEO of Hemp Horizons, Rohit Shah.

Founded in 2017, Hemp Horizons is the brainchild of Rohit Shah, Kartikey Dadoo and Kanishk Yadav. It was initially set out to be a vertically integrated company. Over the last five years, the company has witnessed significant growth. It currently operates a 20MT manufacturing facility for hemp seed and cannabis to develop health and wellness products. Hemp Horizons has already collaborated with more than 40 labeling companies to supply their products. Its brand 'Health Horizons' has also recently launched several avant-garde products in India and gained 7000+ D2C clients.

About Mumbai Angels Started in 2006, Mumbai Angels, India's premier platform for private investment holds an AUM of USD 130 Mn and a 200+ strong portfolio spanning a wide range of sectors, such as Technology, Consumer, Life Sciences, DefenseTech, SpaceTech, EV, AgriTech, FinTech, EdTech, Gaming and Content, etc. Of the overall portfolio, the platform has exited/secured the next round of funding for 100+ of them. The platform has 700 investors spread across 60+ Global and Indian cities.

Mumbai Angels and DLabs at ISB come together as Co-Investment Partners, Sign MoU

 

Mumbai Angels and DLabs at ISB come together as Co-Investment Partners, Sign MoU

With this collaboration, Mumbai Angels and DLabs will identify and back high-potential startups, offering them numerous benefits in the process

14, June, 2022: Building further on the success of its Co-Investment program, Mumbai Angels, a premier platform for private investments, has signed an MoU with DLabs Incubator Association (DLabs) at the Indian School of Business. The technology business incubator provides physical and virtual incubation support for startups across all domains. Supported by the Department of Science and Technology, Government of India, DLabs, through this partnership, is joining hands with Mumbai Angels to strengthen its offering as it provides the needed infrastructure for the entrepreneurs to interact, engage and collaborate with mentors, investors and academia.    Through the Co-Investment Program, launched in 2021, Mumbai Angels aims to partner with like-minded networks, individuals, family offices, and funds to facilitate faster access to capital for growth for the chosen startups. The partnership enables unrestricted access to Mumbai Angels’ Multiplier Program, an exclusive marketplace for its portfolio companies, for availing services like advertising, cloud storage, and marketing solutions, etc. The Program also enables the chosen startups to have an opportunity to raise their next round of funding from Mumbai Angels.

“DLabs offers the ideal platform to interact and engage with one another as startups, and with founders and academia. Their fostering infrastructure has enabled several student entrepreneurs and startups to rise, and there are yet many more ventures that need nurturing. We are pleased to partner with them for our Co-Investment program, as we’re certain that the association will be a fruitful one.” said Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels.

“This partnership enables us to further help the startups in our portfolio reach out to more investors and pitch their ideas to them, and also get more varied sector-specific mentorship. We are excited to join hands with a leading angel investment platform like Mumbai Angels and work with them to strengthen the ecosystem further,” said Saumya Kumar, I-Venture @ISB and CEO of DLabs

DLabs hosts a state-of-the-art space for entrepreneurs to interact, engage and collaborate with mentors, investors, and academia. The primary objective is to strengthen entrepreneurship and foster innovation among the young in India, including its student and alumni community, as the Government supported business incubator scouts, supports, and scales up innovations into successful ventures. DLabs encourages creativity and innovation in a shared work environment amidst a healthy startup community. Till date, DLab network includes 400+ mentors and Industry experts, has funded 70+ startups, and has conducted 12+ Theme-based Accelerator programs that have enabled 124+ startups to graduate.

About Mumbai Angels Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 200+ strong portfolio across sectors and cities across India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 100+ of them. Today the platform has 700+ investors spread across 60+ cities across the globe.