A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
InspectWay (2017, Gurgaon), app-based platform for vehicle tracking & security. Local comparables are Nimble (2016, Mumbai) and CaRPM (2015, Gurgaon, $100K). Global comparables are GreenRoad (2004, Holon, $81.5M) and Zendrive (2013, San Francisco, $15M).
INDIA INTERESTING NEWS
CredRight (2016, Hyderabad), a platform for collateral free loans to chit fund subscriber MSMEs, raises $1.3M in pre-Series A round of funding led by Accion Venture Lab, YourNest Venture Capital. Link
CoinTribe (2015, Delhi), a lending marketplace offering business and personal loans, raises $10M in Series B round of funding led by Sabre Partners and Puneet Dalmia. Link
Gaana (2011, Delhi), music Streaming platform based out of India, launches voice assistant feature for its over 60 million monthly active users. Link
GLOBAL ROUNDUP
Paxos (2013, New York City), post settlement based blockchain solution provider, raises $65M in Series B round of funding led by existing investors including Liberty City Ventures, RRE Ventures and Jay Jordan. Link
Klaxoon (2014, Rennes), cross-device platform for collaboration and training in an organisation, raises $50M in Series B round of funding led by Idinvest Partners with participation from additional early round investors including Bpifrance, Sofiouest, Arkea and White Star Capital Fund. Link
Trilogy Education Services (2015, New York City), provider of alternative credentialing to students in partnership with universities, raises $50M in Series B round of funding led by Highland Capital Partners, Macquarie Capital, and Exceed Capital, with participation from existing investors Rethink Impact, City Light Capital and Triumph Capital LLC. Link
Alfred Club (2013, New York City), personal concierge service to handle your errands, raises $40M in Series B round of funding led by syndicate of strategic partners, including real estate developers Divco West and Invesco and early investors New Enterprise Associates and Spark Capital. Link
Ecobee (2007, Toronto), maker of a smart thermostat, raises $36M in Series C round of funding led by Caisse de depot et placement du Quebec, AGL Energy and Business Development Bank of Canada. Link
Kneron (2015, San Diego), provider of hardware and software solution for edge AI applications, raises $18M in Series A1 round of funding led by Horizons Ventures. Link