The round also saw participation from Hindustan Times Media Group. The company is also in a strategic tie-up with its business daily Mint which will collaborate and share content and resources across Singapore and India.
The startup has launched its operations in India in the month of September 2015. The platform provides deal-related (M&As, PE, VCs) information. Its research and analysis is used by executives in the financial sector, transaction industry practitioners, startups, accelerators, incubators and educational institutions.
The company will use the raised capital to strengthen its India and ASEAN (Singapore, Malaysia, Indonesia, Thailand, Vietnam, Philippines and Myanmar) teams. Besides, it will also expand its operations to Hong Kong and China, and work towards the launch of company’s deal analytics & data platform.
Currently, the portal has published more than 4,000 deal-related stories with an average of over 40 news and analysis stories daily, including the business of startups.
Speaking on the development, Joji Thomas Philip, founder & editor-in-chief at Deal Street Asia said, “We have made significant progress during the last 12 months, with editorial presence in ASEAN countries, and larger teams in India and Singapore. We plan to go to China next with outposts in Hong Kong, Shanghai and Beijing, and also expand to Japan and Australia, and become a pan-Asia player.”