A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Chromo (2016, Bangalore), platform to capture mobile application usage pattern. Founders are ex-Citrus, RedCastle, OyeParty, BigPaa, Aloha technologies and are alumni of IIT Kharagpur. Local comparables are Cogknit (2009, Bangalore) and Appice (2015, Gurgaon). Global comparables are MixPanel (2009, SF, $77M) and Emma (2012, Barcelona, $5M).
INDIA INTERESTING NEWS
Doctor Insta (2015, Gurgaon), online video based multi-specialty telemedicine platform, raises $4M in funding from BIORx Venture Advisors. Link
Ziploan (2015, Delhi), online lending platform for small businesses, raises $3.06M in funding led by Matrix Partners, with participation from Waterbridge Ventures and Whiteboard Capital. Link
FYRE, herbal energy drink maker, raises $500k in Seed round of funding from Venture Catalysts and other angels. Link
Bharati Robotics (2013, Pune), developers of commercial robots, raises an undisclosed amount in funding from Society For Innovation & Entrepreneurship and other angel investors. Link
TagBox (2016, Bangalore), provider of smart tag for tracking location and various parameters for shipment, raises an undisclosed amount in angel round of funding from Indian Angel Network And IAN Fund. Link||
Locus (2015, Bangalore), provider of delivery automation solutions for on-demand businesses, raises an undisclosed amount in funding from Recruit Holdings. Link
LOGOS India, logistics investment and property development firm, raises $400M in equity capital from Ivanhoé Cambridge and QuadReal Property Group. Link
Reliance Mutual Fund (1995, Mumbai), asset management company, raises $71M in funding from ADIA and other anchor investors. Link
Jyoti Bansal, Indian-American tech entrepreneur and founder of Appdynamics, invests $50M in his venture BIG Labs – a startup studio. Link
GLOBAL ROUNDUP
Ninebot (2012, Beijing), developer of personal transportation robot, raises $100M in Series C round of funding from SDIC Fund Management Company and the China Mobile Fund. Link
HashiCorp (2012, SF), automation tools for data center management, application development, delivery, and maintenance, raises $40M in Series C round of funding led by GGV Capital, Redpoint Ventures, with participation from Mayfield and True Ventures. Link
iAdvize (2010, Nantes), customer engagement platform, raises $38M in Series C round of funding from Idinvest Partners, Bpifrance via Large Venture and Quadrille Capital. Link
ResMan (2012, Plano), provider of multi-family property management software solutions, raises $36M in funding from Mainsail Partners. Link
MassMutual Ventures, Boston based venture capital firm, closes its second fund, at $100M. Link