A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally
INTERESTING STARTUPS
LegUp (2016, Mumbai) Platform for financing career enhancing activities. Founder is from McKinsey and is an alumnus of National Law School of India University.
INDIA INTERESTING NEWS
Xpressbees (2015, Pune) E-commerce logistics startup has raised $12M in funding from SAIF Partners, IDG Ventures India, NEA, Vertex Ventures and Valiant Capital Link
Jaypore (2012, Delhi) Curated online retail store raises $4.3M in funding from social venture capital firm Aavishkaar Link
Advantage Club (2014, Gurgaon) Mobile first platform for corporate-employee benefits raises $400K in funding from Purvi Ventures, Mumbai Angels and other individual Angel investors Link
ArkRobot (2015, Bangalore) Warehouse automation startup gets $350K in equity funding for winning Qualcomm’s Qprize Make in India contest Link
CareOnGo (2015, Delhi) Online wellness platform and aggregator of pharmacy stores raises $300K in seed funding from a group of angel investors Link
AlmaConnect (2011, Gurgaon) Alumni networking-based social network raises undisclosed amount in pre-series A funding from Mohanadas Pai and Aspiring Minds co-founder Varun Aggarwal Link
Global private equity firm KKR acquires 10% stake in Max Financial Services for $140M Link
Paytm (2011, Noida) Mobile payment and e-commerce platform appoints former RBI executive Shinjini Kumar as Its Payments Bank CEO Link
GLOBAL ROUNDUP
Jana (2009, Boston) Mobile rewards platform raises $57M in series C funding led by new investor Verizon Ventures with participation from existing investors Spark Capital and Publicis Group Link
Aria Systems (2003, SF) Provider of subscription based billing & management software raises $50M in series E funding backed by existing investors Bain Capital Ventures, Hummer Winblad Venture Partners, InterWest Partners, Venrock and other Link
Pliant Therapeutics (2016, Redwood City) Company that aims to discover and develop new therapies to treat the pathologic process of fibrotic disorders raises $45M in series A funding led by Third Rock Ventures Link
Vera (2014, Palo Alto) Platform for securing and sharing all forms of business information raises $17M series B funding led by Sutter Hill Ventures with participation from existing investors Battery Ventures, Clear Venture Partners, and Amplify Partners Link
GridGain Systems (2007, Foster City) Provider of an enterprise-grade complete suite of in-memory computing technologies raises $15M in series B funding led by Sberbank and MoneyTime Ventures with participation from Almaz Capital and RTP Ventures Link
Micreos (1993, Wageningen) Biotechnology company raises approximately $13M in equity funding from unknown investors Link
Orion Labs (2013, SF) Platform connecting people through voice communication raises $9M in funding backed by Avalon Ventures and Motorola Solutions Venture Capital Link
Underground Elephant (2008, San Diego) Online performance based marketing company secured $9M in credit facilities from Silicon Valley Bank Link
Go-Jek (2010, Jakarta) has acquired 2 Indian startups namely C42 Engineering (2010, Bangalore) Distributed Agile software consulting firm and CodeIgnition (2013, Noida) Provider of Tech-Infrastructure automation software Link
Google (1998, Mountain View) Search engine Giant acquires Singapore based workplace chat app Pie (2013, Singapore) Provider of chat platform for workplace Link
Pivotal (2012, Palo Alto) Cloud software firm acquires Neo (2012, SF) Startup studio and consulting firm Link
Fox Technologies (2005, Mountain View) Provider of network security and access management software acquired GroundWork Open Source (2004, SF) Provider of unified monitoring solutions for IT operations management, performance analysis, and cloud monitoring Link
Instart Logic (2010, Palo Alto) Provider of application delivery solutions acquired Kwicr (2012, Waltham) Mobile application acceleration platform for Apple and Android platforms for an undisclosed amount Link
GIC, Bain Capital and Advent International have together invested $350M in Quest Global (1997, Singapore) Engineering outsourcing service provider for a minority stake formerly held by US private equity fund Warburg Pincus Link
Finstar Financial Group, Moscow based International private equity group acquired a 51% stake in Prestamos Prima (2013, Barcelona) Provider of a peer-to-peer lending platform Link