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Apr, 27 2017

Hong Kong-based startup, Oddup aims to expand into India

With the freshly infused funds, Oddup aims to expand into India and complete its expansion throughout Asia.

Hong Kong-based startup focused research platform Oddup has secured $6 million in its Series A round of funding led by Brand Capital, the investment arm of Indian media conglomerate The Times Group.

The round also saw participation from existing investors including 500 Startups and Click Ventures and new investors including Moneta Ventures and White Capital.

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

With the freshly infused funds, the startup aims to expand into India and complete its expansion throughout Asia.

Jackie Lam, COO and co-founder, Oddup said, "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."

Sivakumar Sundaram, CEO, Brand Capital said, "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."

Oddup currently works on a freemium model, where users can view certain information without any additional charges, and has a subscription charge for premium access to the reports and in-depth analysis.

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