Home News Oddup raises US$6M from Times Group and Spotify to help VCs rate...

Oddup raises US$6M from Times Group and Spotify to help VCs rate startups before investing; to expand to India




- Advertisement -

Existing investors 500 Startups and Click Ventures and new investors Silicon Valley-based Moneta Ventures and White Capital have also joined the round

Oddup, a Hong Kong-based online research platform that provides transparency to startup investing using data and analysis, has raised US$6 million in Series A funding led by Brand Capital, the investment arm of India’s largest media conglomerate The Times Group.

Existing investors 500 Startups and Click Ventures, along with new investors Silicon Valley-based Moneta Ventures and White Capital, besides early investor in Spotify, have also joined the round.

This round brings Oddup’s total funding raised to date to US$7 million.

- Advertisement -

The financing will help Oddup to expand into India and complete its expansion throughout Asia. “Times Group’s 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 investors better understand the startups they are interested in,” said Jackie Lam, Founder and COO of Oddup.

Founded in 2015 by former Goldman Sachs executives James Giancotti (CEO) and Lam, Oddup is a data-driven research platform that focuses on startups. Known as The Startup Rating System, it provides data, trends, current and expected future valuations of startups. The company’s vision is to bring insight and transparency across the startup landscape to enable smart startup investing.

Also Read: Times Group’s Brand Capital backs online health aggregator Zoctr

Oddup rates startups with a rating score from zero to 100. It is based on the combination of analyst view points and the computed algorithm, the Oddup Score. The startup rating scores are then offered as views with expectation metrics and future valuations.

- Advertisement -

“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 Sivakumar Sundaram, CEO of Brand Capital.

Oddup has recently introduced an updated version of its website to allow investors from around the world to tap into the startup landscape in Asia and to bring more news coverage and analysis to its users. The platform continues to be 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 want to integrate Oddup’s startup data into their existing workflows and Oddup is currently available on Apple iOS and with Android coming soon, Oddup Mobile aims to help investors find key startup information on the go.

Image Credit: Oddup

- Advertisement -

Register for your Echelon Asia Summit access pass now! Enjoy additional 10% discount on Echelon Asia Summit Startup, Investor and Corporate passes just for being our favourite e27 reader: e27.co/echelon/asia/register/?code=EMPOWER10

The post Oddup raises US$6M from Times Group and Spotify to help VCs rate startups before investing; to expand to India appeared first on e27.

Source: e27
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Calvin Cheng: We have very little. We are a tiny city-state. Our existence depends on us being open.

Singapore — Former Nominated Member of Parliament (NMP) Calvin Cheng has taken to Facebook to speak about vaccinations and exiting Covid-19 restrictions in Singapore. He starts by saying that having an approved vaccine is better than not having a vaccine at all....

Lim Tean questions if Singapore’s foreign worker population will be larger than local labour force

Singapore — Lawyer and opposition leader Lim Tean posed a question on Facebook regarding the population of foreign workers in Singapore. Mr Lim put up a post with a short caption, "Will The Number Of Foreign Workers Soon Surpass Singaporean Workers?" In his...

Ex-PAP candidate accused of trying to smear Sarah Bagharib but shows the wrong woman

Singapore – Former People's Action Party (PAP) election candidate Shamsul Kamar is under fire for sharing a picture purportedly of Ms  Sarah Bagharib but that turned out to be of someone else. Ms Sarah has recently been embroiled in a controversy with...
Follow us on Social Media

Send in your scoops to news@theindependent.sg