A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Edvantics (2016, Hyderabad), performance assessment and insights platform. Founders are ex-Microsoft, ADP, Citi, Intel, Pinnacle, iTech, AIG, Merrill Lynch and are alumni of Indian School of Business. Local comparables are Gray Matters (2013, Hyderabad, $718k) and SchoolCom (2012, Bangalore, $106k). Global comparables are Civitas Learning (2011, Austin, $89M) and MasteryConnect (2009, Salt Lake City, $34M)
INDIA INTERESTING NEWS
BankBazaar (2008, Chennai), online loan comparison platform, raises $30M in funding from Experian – UK-based credit rating agency and information management company. Link
Blackbuck (2015, Bangalore), online portal for freight transport booking, raises $7.68M in debt round of funding from InnoVen Capital. Link
Capital Bank (1999, Jalandhar), small finance bank focused on rural areas, raises $4M in funding from SIDBI and other existing investors. Link
Lenden Club (2014, Mumbai), online marketplace for P2P lending, raises $500k in equity round of funding from Venture Catalyst, Anirudh Damani and others. Link
OHM Healthcare (2017, Delhi), home healthcare services provider, raises an undisclosed amount in pre-Series A round of funding from unknown investors. Link
Hasura (2013, Chennai), cloud-based app development platform, raises an undisclosed amount in funding from Nexus Venture Partners and GREE Ventures. Link
GLOBAL ROUNDUP
Magic Leap (2011, Miami), developer of an augmented reality content viewing device, raises $502M in Series D round of funding led by Temasek with participation from EDBI, Grupo Globo, Janus Henderson, Alibaba Group, Fidelity Management and others. Link
BlueVine (2013, Redwood City), online invoice factoring company, raises up to $130M in debt round of funding led by Silicon Valley Bank, SunTrust Bank, Bank Leumi and TriplePoint Venture Growth BDC Corp. Link
Vacasa (2009, Portland), professional rental management and booking platform for vacation rentals, raises $103M in Series B round of funding led by Riverwood Capital with participation from existing investors Level Equity, Assurant Growth Investing and new investor NewSpring. Link
Feedzai (2009, London), provider of fraud prevention software, raises $50M in Series C round of funding from Oak HC/FT, Capital One Growth Ventures, Citi Ventures, Sapphire Ventures and others. Link
Digital Asset (2014, NYC), provider of market level solutions based on blockchain, raises over $40M in Series B round of funding led by Jefferson River Capital. Link
Synopsys(1986, Mountain View), provider of EDA Software, acquires Sidense Corporation (2004, Ottawa), developer of one time programmable memory solutions, for an undisclosed amount. Link