A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally
INTERESTING STARTUPS
iDelivr (2015, Mumbai) Mobile SDK provider for chat integration in mobile apps. Founders are ex-CSC, FoodPanda, McKinsey, BCG, Gobol, Flipkart, Letsbuy, Perella Weinberg Ventures, and IIT-KGP, IIM-A, IIM-C alumni. Local competitors include Helpshift (2011, Pune, $13M), HelpStack(2015, Chennai).
INDIA INTERESTING NEWS
Varthana (2013, Bangalore) NBFC providing loans to affordable private schools raises $14M in series B funding from Kaizen Private Equity, Zephyr Peacock India and others Link
LegalRaasta (2015, Delhi) Online legal services provider raises $1M in angel funding from Pravin Khandelwal and Yatin Kumar Jain Link
KredX (2015, Bangalore) Invoice discounting platform for SMEs raises $750K in funding from Prime Venture Partners Link
Hippily (2013, Mumbai) Mobile application for product discovery through social connection raises $250K in seed funding from Dr. Sridhar Ramaswamy, VP, Ads & Commerce at Google and Rakesh Mathur, Founder, Junglee Link
Blue Box Media (2014, Jaipur) Online media portals for news and leisure raises $150K in angel funding from Mahavir Pratap Sharma and Ajay Data Link
BeaconsTalk (2014, Mumbai) IoT based proximity marketing and ad-exchange raises $100K in pre-series A funding from Rajeev Agarwal and Prashant Gooty Link
Wedwise (2015, Gurgaon) Listings for wedding services affiliated vendors raises undisclosed amount of seed funding from StartUp Equity Partners Link
Leap Skill Academy (2013, Delhi) Chain of vocational training center raises undisclosed amount of funding from Menterra Social Impact Fund and others Link
Freshdesk (2010, Chennai) Customer service support helpdesk acquires Airwoot (2012, Delhi) Real-time social media customer support tool for an undisclosed amount Link
Deal4Loans (2007, Delhi) Online marketplace for B2C loans raises undisclosed amount of funding from Ram Shriram, Neeraj Arora, and Puru Vashishtha Link
GLOBAL ROUNDUP
Kala Pharmaceuticals (2009, Waltham) Nanoparticle based treatments developer for severe ophthalmic diseases raises $68M in series C funding round led by Longitude capital with participation from OrbiMed, Vivo Capital, CAM Capital, RA Capital Management, Wellington Management Company, Polaris Partners, Lux Capital, CVF Link
Nexthink (2004, Prilly) Machine learning based threat detection & monitoring solutions provider raises $40M in venture capital round led by Highland Europe with participation from Waypoint capital, Auriga Partners and Galeo Ventures Link
PoshMark (2011, Menlo Park) Mobile P2P Marketplace for fashion products raises $25M in a funding round led by GGV capital with participation from Mayfield, Menlo Ventures, Inventus Capital, Union Grove Venture Partners, Shea Ventures, AngelList and SoftTech VC Link
Toss (2013, Seoul) P2P money transfer service provider raises $23M from Goodwater Capital and Altos Ventures Link
Nauto (2015, Palo Alto) Intelligent Driver Monitoring & Collision Avoidance System raises $12M from Playground global and Draper Nexus Link
NanoMech (2002, Fayetteville) Patented nano-manufacturing platform developer raises $10M in series C from Saudi Aramco Energy Ventures Link
NodeSource (2014, SF) Enterprise Node.js solutions for performance and productivity raises $10M in series A funding round led by RRE Ventures with participation from Crosslink Capital and Resolute VC Link
Jalota (2012, Los Gatos) Real time network monitoring, analytics and performance optimization solutions provider raises $7M in a funding round from Spirent Communications, Ericsson and ATA Ventures Link
CloudEndure (2013, Tel Aviv) Enterprise cloud migration and business Continuity as a Service raises an additional $6M in series B round making a total of $13M in the round from undisclosed investors Link
OpenSpan (2005, Alpharetta) Activity intelligence and desktop automation solutions provider gets acquired by Pega Systems(1983, Cambridge) Business process and CRM applications provider for $52M Link