Today, Hong Kong-based startup research platform, Oddup announced that it has raised US$6 million in Series A funding led by Times Group of India. Existing investors 500Startups and Click Ventures, an early investor of Spotify, also participated. New investors in this round include Silicon Valley-based investors Moneta Ventures and White Capital. The new investment brings Oddup’s total funding to US$7 million, after raising US$1 million in seed funding from Innotech Capital, Big Bloom Investment, Click Ventures, Bigcolors, Kima Ventures, Justin Dry and Andre Eikmeier(CEOs of Vinomofo).
“We are very proud to have The Times Group as a key strategic partner of Oddup. Their distribution networks and coverage will be instrumental to our growth and global presence. This funding allows us to strengthen our research and coverage on a global scale. Our core goal remains the same and that is to help our clients better understand the startups they are interested in", says Jackie Lam, co-founder and COO of Oddup.
Times Group of India
The Times Group, India’s largest media conglomerate, has also invested in Flipkart and Snapdeal. As strategic partner of Oddup, the conglomerate is committed to help Oddup succeed in setting up a truly innovative startup rating system for India. “Exactly 18 months ago we set up a team based in the Silicon Valley to facilitate, assist and showcase the India opportunity to global entrepreneurs. Oddup is such a fast growing global startup that we decided to back and lead their way into India. We look forward to working towards the success of Oddup in setting up a truly innovative startup rating system for India”, said Mr. Sivakumar Sundaram, CEO of Brand Capital, the investment arm of Times Group.
With a strong research and advisory team formerly from Goldman Sachs, Oddup rates startups from a score of 0 to 100 and delivers startup data, research, and media that cover this new asset class that is of core interest to angel investors, venture capital and now private equity. The financial industry is increasingly in need of reliable sources of data and expertise. Oddup’s platform transforms the traditional startup landscape into an environment with more transparency through a data-driven approach.
Oddup recently introduced an updated version of its website to allow users from around the world to tap into the startup landscape in Asia while bringing more news coverage and analysis to its users. Oddup is free to sign-up and use, with a subscription charge for premium access to the reports and in-depth analysis. The Oddup API is available to customers who seek to seamlessly integrate Oddup’s startup data into their existing workflows. Oddup is available on Apple iOS and will soon be available on Android. Oddup Mobile aims to help users find all key startup information on the go.