A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Twelit (2017, Kolkata), smartphone based oral cancer diagnostic platform. Founder is Co-Founder Finovista, Founder & CEO Rootalpha ventures and ex-Cognizant. Global comparables are DeepInformatics (2017, Hangzhou, $2.2M) and Ibex (2016, Tel Aviv).
INDIA INTERESTING NEWS
Biryani By Kilo (2015, Noida), internet-first restaurant for Indian cuisine, raises $500k in pre-Series A round of funding from Rohit Chand and his son Ashish, new investors Kunal Khattar, Manish Vij, Harish Bahl, StartUp Equity Partners, Thapar Group and Myron Ferro,among others. Link
Hungry Foal (2016, Gurgaon), private label brand for nutritional snacks, raises an undisclosed amount in pre-Series A round of funding from GAIL (India) Ltd under GAIL’s startup initiative ‘Pankh’. Link
VDeliver (2011, Hyderabad), platform to book on-demand delivery services, acquires Townyapp (2014, Tirupati), mobile personal assistant application, for an undisclosed amount. Link
Nomura, Tokyo based global investment bank, selects six Indian startups to build products and solutions for capital markets and investment banking. Link
Swiggy (2014, Bangalore), online platform for food delivery from restaurants, launches ‘Access’ kitchen for restaurant partners. Link
GoWork (2016, Jakarta), managed co working space provider, opens a co-working space in Gurgaon. Link
GLOBAL ROUNDUP
Poshmark (2011, Menlo Park), mobile P2P marketplace for fashion products, raises $87.5M in Series D round of funding led by Temasek with participation from Mayfield, Menlo Ventures, GGV Capital, Inventus Capital, Uncork Capital, Union Grove Venture Partners and Cross Creek Advisors. Link
TrueAccord (2013, SF), provider of behavioral analytics based debt recovery solutions, raises $22M in Series B round of funding from Arbor Ventures. Link
Behavox (2014, London), provider of employee surveillance system, raises $20M in Series B round of funding led by Citigroup. Link
Quantum Circuits (2015, Connecticut), developer of circuits for quantum computing, raises $18M in Series A round of funding led by venture capital firms Canaan and Sequoia Capital . Link
Bossa Nova (2005, Pittsburg), developer of robots for retail stores, raises $17.5M in Series B round of funding led by Paxion Capital Partners. Link