A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
TreatUp (2017, Bangalore), automated patient engagement platform. Founder is ex- MoEngage Inc., Co-Founder of Tuitor and is an alumni of Birla Institute of Technology & Science. Local comparables are DocTalk (2016, Mumbai, $5M) and Praktice (2016, Bangalore). Global comparables are OneView (2007, Blackrock, $16M) and LifeWallet (2014, Miami, $350K).
INDIA INTERESTING NEWS
Universal Sportsbiz (2012, Hyderabad), that operates brands like Imara, Wrogn, and Collectabillia, raises $15.2M in funding from Accel Partners. Link
Promoters of KIMS Hospitals (2005, Amalapuram), standalone tertiary care multi speciality hospital, raise $9.2M in structured debt round of funding from Avendus Finance. Link
Heritage Foods (1992, Hyderabad), Indian private sector dairy enterprise, to acquire Vaman Milk Foods, Punjab based dairy products manufacturer, for an undisclosed amount. Link
UrbanClap (2014, Delhi), marketplace for multiple local services, launches wedding planning services in India. Link
Terry Matthews, Chairman of Canada-based investment management firm Wesley Clover International, launches $10M Alacrity India Startup Fund. Link
Northeast-IAS, Guwahati based educational organisation, launches incubator to support Startup India. Link
Nasscom (1988, Delhi), constitutional body for India’s IT/BPM industry, selects Debjani Ghosh as first woman president. Link
GLOBAL ROUNDUP
Uber (2009, San Francisco), mobile app that connects passengers with vehicle drivers for hire, approves $10B investment offer from Softbank. Link
I.am+ (2012, LA), developer of a voice enabled smart-watch, raises $117M in Series C round of funding from Salesforce. Link
The Guarantors (2014, NYC), rental lease guarantee provider, raises $12M in Series A round of funding from White Star Capital, SilverTech Ventures, Global Founders Capital and Partech Ventures. Link
Ecological Service Partners (2016, Dallas), ecological restoration services provider, raises $250M in PE round of funding from undisclosed investors. Link
Barracuda (2002, Campbell), provider of network firewall solution for enterprise web & email, acquires Sonian (2007, Dedham), cloud based archiving as a service provider, for an undisclosed amount. Link
VerticalScope (1999, Toronto), internet media company, acquires VarageSale (2012, Toronto), online platform for pre-owned goods. Link
