Aamir Khan, Furlenco + Referrals again
Paper’s daily briefing — December 8, 2017
Once upon a time, I used to live on Carter road in Bandra, Mumbai.
I loved coming back at 11pm in the night to my pigeon-hole of an apartment. Sometimes, if my roommate was also in, we’d take a walk, then sit out on the steps off the promenade facing the sea. Two weary lawyers would share a smoke, as we discussed life, the universe and the art of catching the 8:27 am local to Churchgate on time. But my best memories from that time are from during the monsoons, of walking in the rain from Carter road to Pali Hill and back. To get money from the ATM.
Why are we reminiscing? Because we now notices that a certain other lesser known resident of Carter road (who also has a residence on Pali Hill) has recently invested in a startup. My precious! A certain Mr. Aamir Khan.
Yes.
Yes, indeed.
The Khan who doesn’t go to award functions invested in Furlenco, the Bangalore-based furniture rental startup. The company issued non-convertible debentures to Khan for a ₹2 Cr investment that closed in November 2017.
Furlenco, originally known as Rent Ur Duniya was founded by Ajith Karimpana in 2011. Furlenco has been backed by Lightbox Venture since its Series A and has amassed the largest war chest in the furniture rental space via the issuance of a mix of convertible and non-convertible securities. Things are changing, however, with Pepperfry’s entry into the rental space, but that’s for another story.
For now, Furlenco can rest easy.
With the Dangal man on your captable what more do you need?
Refer or Pay
I repeat, referral or pay!
For each person you invite, you get a day’s access to the pay-only portions of Paper.vc. Ain’t that cool? Also if certain smart users insist on inviting their other email addresses to Paper.vc (like you fooled us, duh) we will do something about their smartness (feels like a scene from Madam Secretary).
The previous day’s updates on financings, acquisitions, funds and people from around the globe.
Friday, December 8, 2017
India
FlexiLoans, a digital SME lending platform, has raised an institutional debt funding of about $7 million to expand its proprietary loans and supply chain financing segment. (Inc42)
Ultraviolette, a Bangalore-based electric vehicle startup, has raised a $700K from TVS. (Inc42)
MilkLane, dairy supply chain startup, has secured ~ $4.1 million in Series A round of funding from the Switzerland-headquartered VC firm, Pioneering Ventures and Schreiber Foods, the American dairy company. (IndianCEO)
China / Japan / Korea
AccutarBiotech, a biopharmaceutical firm, has raised an undisclosed sum in a Series A round led by IDG Capital and Yitu Technology. (DealStreetAsia)
Medlinker, a mobile community app for doctors, has raised $60 million in Series C round from China Electronics Corporation Data (CEC Data), China Renaissance and existing investors including Sequoia Capital China and Tencent Holdings also joined the round. (DealStreetAsia)
North America
MyVR, a vacation rental property management startup, has raised $6.1 million, led by True Ventures. (Skift)
Dosh, a fintech startup in the payments space, has raised an additional $4.9 million for its seed round from Goodwater Capital. (Skift)
TravelNest, a vacation rental adtech startup, has raised around $3-$4 million from Pentech, Mangrove Capital Partners, and Frontline Ventures in a seed round. (Skift)
Arrivedo, a travel discovery platform, has raised a seed round of $1 million from hoteliers and angels investors. (Skift)
Europe
Clear Flight Solutions, a drone startup that provides bird control solutions, has secured $3 million in a Series B round from AERIUM Analytics and the Cottonwood Euro Technology Fund. (EU-Startups)
Israel
Alside, a cybersecurity startup, has announced a $5.2 million funding round from Intel Capital and Elron. (eSecurityPlanet)
People
Sameer Chishty, Founder and Chairman of Streeton Partners has joined SparkLabs Global as Venture Partner for their new FinTech accelerator. (TheDailyTelescope)
Funds
VC firm TMT Investments has set up a new $60 million TMT Crypto fund to invest blockchain startups. (BlockTribune)
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