A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Accelopt (2017, Bangalore), mobile edge intelligence solution provider. Founders are ex- Altiostar Networks, Ranzure Networks, Accenture and are alumni of IIT-BHU. Global comparables are Alef (2012, NJ, $5M) and Cloudstreet (2010, Helsinki, $1M).
INDIA INTERESTING NEWS
I2e1 (2015, Delhi), Wi-Fi hotspot provider for businesses, raises $3M in Series A round of funding from Omidyar Network, Auxano Ventures and 3one4 Capital, backed by Mohandas Pai and existing investors. Link
Sumeru (2016, Bangalore), cloud-hosted enterprise digitization platform, raises $900k in Angel round of funding from high-net-worth individuals based in the US and India. Link
ElderAid (2015, Bangalore), emergency and wellness assistance provider for elders, raises an undisclosed amount in Angel round of funding from Rugmini Menon, a Hong Kong-based entrepreneur. Link
Reniso (2017, Delhi), property management services provider, raises an undisclosed amount in seed round of funding from a consortium of high net-worth individuals. Link
Josh Talks (2014, Gurgaon), organiser of motivational & cause-oriented talk shows & conferences, raises an undisclosed amount in funding from angel investors Girish Mathrubootham, founder of Freshworks; Apurva Chamaria, global brand director at HCL; and Rohit Chanana, head of strategy & finance at Hero Corporation. Link
Avendus Capital, Mumbai based financial services firm, raises an undisclosed amount of capital from KKR and Co along with Gaja Capital. Link
Timex (2010, Brentford), watch manufacturer, partners with Blink (2014, Bangalore), developer of smart-watches, to launch a new activity tracker. Link
Mahindra (1993, Mumbai), automobile manufacturer, partners with Zoomcar (2013, Bangalore), online self-drive car rental service provider, to accelerate electric vehicle adoption. Link
GLOBAL ROUNDUP
Atomist (2015, SF), provider of a development automation platform, raises $22M in Series A round of funding from Accel and Matrix Partners. Link
Built (2014, Nashville), software solution provider for construction lenders, raises $21M in Series A round of funding led by Index Ventures. Link
Less (2017, Paris), real time cab aggregator platform, raises $19M in funding from Jean-Baptiste Rudelle, CEO of Criteo. Link
Goji (2007, Boston), auto insurance marketplace, raises $15M in Series D round of funding led by Hudson Structured Capital Management Ltd. Link
SAM Labs (2013, London), interactive device based learning kits for kids, raises $6.68M in Series A round of funding led by Touchstone Innovations and E15 Ventures. Link
Catalia Health (2014, SF), personal health assistant for medication adherence, raises $4M in pre-Series A round of funding from Ion Pacific and other investors. Link
Perkbox (2015, London), employee perks & customer engagement solutions provider, acquires Loyalty Bay (2013, London), software for increasing sales conversions, for an undisclosed amount. Link
K1 Investment Management, El Segundo based venture capital firm, acquires Actiance(1998, Belmont), provider of communication compliance & e-Discovery, for an undisclosed amount. Link