A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Hacker Hive (2015, Bangalore), crowd sourced vulnerability management and bug bounty platform. Founders are ex-Flipkart, Campus Diaries, and Accenture. Local comparables are Safehats (2016, Bangalore) and Bugs Bounty (2016, Delhi). Global comparables are HackerOne (2012, SF, $74M) and Bugcrowd (2012, SF, $22M).
INDIA INTERESTING NEWS
Drivezy (2015, Mumbai), online self-drive car rental service provider, raises $10M in a part equity and part debt round of funding from Axan Partners, Das Capital, Mahindra Finance, ICICI Bank, Cholamandalam finance and Shriram Finance. Link
SlicePay (2015, Bangalore), EMI based purchase loans provider for students, raises $2M in Series A round of funding from Das Capital, Simile Ventures and Blume Ventures. Link
Fullerton India (2007, Mumbai), non-banking finance company, raises $76M in Conventional Debt round of funding from IFC. Link
Farm Taaza (2015, Bangalore), B2B supplier of farm produce, raises $8M in Series A round of funding from Epsilon and Tara India. Link
Oorjan (2014, Mumbai), domestic & commercial solar power systems provider, raises $450k in Seed round of funding led by Globevestor. Link
StoreHippo (2013, Gurgaon), provider of cloud based software for local stores to sell online, launches ShipKaro (2017, Gurgaon), e-commerce logistic solutions aggregation platform. Link
Future Retail (1997, Mumbai), private conglomerate operating FMCG, fashion & lifestyle retail stores, acquires HyperCity (2004, Mumbai), chain of supermarkets, for $100M. Link
Uber (2009, SF), online cab aggregator, expands its uberPOOL services to Ahmedabad, Chandigarh and Jaipur. Link
GLOBAL ROUNDUP
Secret Escapes (2010, London), membership-based discounted luxury hotel booking platform, raises $111M in Series D round of funding led by Temasek with participation from Indinvest Partners. Link
Visterra (2007, Cambridge), developer of monoclonal antibodies against infectious diseases, raises $46.7M in Series C round of funding from Bill & Melinda Gates Foundation, MRL Ventures Fund, Vertex Venture Holdings, Polaris Partners, Flagship Pioneering, Omega Funds and others. Link
Glovo (2014, Barcelona), hyperlocal on-demand courier service provider, raises $35M in Series B round of funding from Rakuten Capital, Cathay Innovation along with participation from existing investors Seaya Ventures, Entreé Capital, Caixa Capital Risk, and Bonsai Venture Capital. Link
Stellar Labs (2014, Palo Alto), online portal for booking private jets, raises $26.3M in Series A round of funding led by Columbia Equity Partners with participation from Global Jet Capital and Expa. Link
Quantic Mind (2011, Redwood City), advertising management platform, raises $20M in Series B round of funding led by Foundation Capital, with participation from Safeguard Scientifics and Cervin Ventures. Link
Slice (2015, NYC), on-demand insurance platform for sharing economy, raises $11.6M in Series A round of funding led by XL Innovate, with participation from Horizons Ventures, Munich Re / HSB Ventures, SOMPO, Plug and Play, and Tusk Ventures. Link
21Buttons (2015, Barcelona), platform connecting fashion enthusiasts, raises $10M in Series A round of funding led by Kibo Ventures and JME VC, with participation from existing investors Samaipata Ventures, Breega Capital, 360 Capital Partners, Banc Sabadell Venture Capital, Sputnik, and Mediaset. Link
Vestagen Protective (2009, Orlando), medical textile manufacturer and marketer, raises $9.5M in funding from Advent Life Sciences and HealthQuest Capital Greenline Ventures, Northwell Ventures and Mercy Health of Cincinnati. Link