A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Tippie (2015, Mumbai), video walkthrough creator for apps. Founders are ex-S1 Services, Godrej Consumer Products, Aker Solutions and are alumni of IIT Bombay & NITIE. Local comparable is Whatfix (2010, Bangalore, $4.9M). Global comparables are Chameleon (2015, SF, $1.91M) and Appcues (2013, Boston, $1.2M).
INDIA INTERESTING NEWS
Renew Buy (2014, Gurgaon), online motor insurance comparison provider, raises $9.2M in funding from Amicus Capital. Link
Kinara Capital (2011, Bangalore), collateral free funding provider to MSMEs, raises $15M in funding from Gaja Capital and others. Link
Vatsalya Dental (2003, Bangalore), oral healthcare solution provider, raises $3.06M in funding from S-Squared Capital. Link
Saif Partners acquires 1% stake in Bajaj Corp (1930, Delhi), manufacturer of personal care products, for $9M in an open market transaction. Link
Swiggy (2014, Bangalore), online platform that delivers food from restaurants, partners with Indifi (2015, Gurgaon), SME lending platform, to provide working capital loans to restaurants. Link
Philips HealthWorks, healthtech startup accelerator, shortlists 4 startups from its second cohort. Link
MobiKwik (2009, Gurgaon), mobile wallet, recharge and bill payments app, appoints Rukaiya Rangwala as head of its payment gateway business. Link
GLOBAL ROUNDUP
InflaRx (2008, Jena), developer of anti-inflammatory products based on monoclonal antibodies, raises $55M in Series D round of funding from Bain Capital, RA Capital Management and others. Link
Airtaskers (2012, Sydney), online marketplace for outsourced tasks, raises $33M in Series C round of funding led by Seven West Media, Exto Partners and Black Sheep Capital. Link
CastBox (2015, Chaoyang), free podcast and online radio aggregator, raises $16M in funding led by Qiming Venture Partners and IDG Capital with participation from SIG China, GSR Ventures and ZhenFund. Link
The Simpleshow Company (2008, Luxembourg), video summary platform, raises $15M in Series B round of funding from BIP Fund SCA. Link
IGN (1996, SF), video game & entertainment media company, acquires Humble Bundle(2010, SF), online retailer of digital goods, for an undisclosed amount. Link
M33 Growth, Boston based, venture and growth-stage investment firm, raises $180M for its debut venture and growth stage fund. Link
Wavemaker Partners, Los Angeles based early-stage venture firm, raises $66M for its second Southeast Asia fund. Link