Deals this week

Deals this weekAasaanjobs raises seed funding of $1.5 million

Aasaanjobs, a recruiting platform for entry level jobs, has raised $1.5 million (Rs 9.2 crore) of seed funding from Inventus Capital Partners and IDG Ventures India. The funds will be used to hire manpower and for product development.

Aasaanjobs was founded in 2013 by Dinesh Goel and a group of IIT-Bombay alumni. The firm bridges the gap between the employer and the job seeker emphasizing on entry level jobs such as data-entry operators and telemarketers.

“I am happy about the timing of this funding round as we can now ramp up and mobilize even more people, not just in Mumbai,” said Dinesh Goel.

Shaadi.com takes 25% in Thrill

Shaadi.com, online matrimonial platform owned by People Group has bought about 25% stake in dating app Thrill. The deal is actualized both in cash and stock for an appx of $ 1 million (about Rs 6 crore).

People Group owned dating platform Fropper has been merged with Thrill application as a part of this transaction. Currently, Thrill gets around 1,00,000 downloads of its app in India and will now get another 6 million members from Fropper.

CarDekho raises $50 million in fresh funding round

CarDekho, an online auto classifieds platform has raised $50 million (appx Rs 307 crore) in a fresh round of funding led by Chinese investment firm Hillhouse Capital and Tybourne Capital.

This round also saw participation from existing investor Sequoia Capital, which has a 20% stake in the company. Post this funding CarDekho has been evaluated at about $300 million (Rs 1,844 crore).

“We will be using the proceeds primarily towards brand building and marketing. We will consider acquisitions as well, and have held talks with other startups that we feel can enhance our technology platform,” said Amit Jain, co-founder and chief executive at CarDekho.

Grabhouse raises $2.5 million

Grabhouse, a community based online exchange for finding rented accommodation has raised $2.5 million in funding from Kalaari Capital and Sequoia Capital.

“The investment will be utilized to develop innovative products and improve the existing technology to enhance the end-user experience and to increase the company’s footprint across major cities in India,” said Pankhuri Srivastava, co-founder of Grabhouse.com.

The platform right now offers houses in Mumbai, Pune, Hyderabad, and Bengaluru and has a daily traffic of about 5,00,000 visitors.

Rocket Internet-backed Printvenue raises $4.5 mn

Rocket Internet-backed Printvenue has raised funding of $4.5 million from Asia Pacific Internet Group. The funds will be used to expand its presence in West Asia and Southeast Asia.

Also, through this funding, the company will join APACIG’s network which is operational in 15 countries, and Printvenue is active in two – Singapore and Australia. APACIG is a joint venture between Rocket Internet and Qatar-based telecom player Ooredoo.

Founded in 2012, Gurgaon-based Printvenue enables ordering stationery, business cards, letterheads, cardholder, and other customized printing and personalized gifts.

Zomato acquires Turkey’s Mekanist in all-cash deal

Zomato, an online restaurant search portal has acquired Turkey’s restaurant discovery platform Mekanist for an undisclosed amount.

“Mekanist has established itself as one of the heavyweights in the online restaurant search and discovery space in Turkey. It’s is one of the first and most successful tech startups to emerge from the Turkish startup ecosystem. We’re excited to be joining forces with them as we continue to grow in one of our most important markets,” said Deepinder Goyal, founder and CEO of Zomato.

Earlier, Zomato had acquired Urbanspoon for $52 million and made its entry to the US and Australian markets.

Tripda raises $11 million in series A funding

Tripda, a car pooling marketplace has raised $11 million in Series A funding from an undisclosed New York-based venture capital firm and German incubator Rocket Internet.

“A lot of this capital will be invested in India to get closer to our user base. We will also use funds to improve our product and consider expanding to other markets,” said Pedro Meduna, co-founder and CEO of Tripda.

Tripda started its Indian operations in last November, connects people who need rides with people who have empty car seats, and fills the important long-distance (often inter-state) travel market as an option to other transport via buses, trains, and flights. It also has marked its presence in Malaysia, Pakistan, Singapore, and Taiwan. It is focusing on penetrating the US market as well.