A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
22bate7 (2017, Bangalore),QR code based classroom response system. Founders are ex-Jana Care,Oracle,PlayPower and are alumni of DA-IICT Gandhinagar. Global comparable is Plickers (2011,Oakland).
INDIA INTERESTING NEWS
Spectro Analytical Labs (1995, Delhi), testing and inspection services provider, gets acquired by Eurofins (1987, Luxembourg), laboratory testing and clinical research services provider, for an undisclosed amount. Link
UrDoorStep (2015, Bangalore), online hypermarket, partners with Sodexo (1966, France), food services and facilities management company, to home deliver fresh produce to Bengaluru based consumers of Sodexo. Link
StashFin (2016, Delhi), marketplace for personal loans, partners with Paisabazaar (2009, Gurgaon), online loan comparison platform, for an undisclosed amount. Link
MapmyIndia (1992, Delhi), provider of GPS based map data and India Post partners to map public addresses digitally. Link
Paytm (2010, Delhi), mobile wallet and payments bank, partners with ICICI Bank (1994, Mumbai), banking service provider, to give users short term digital credit. Link
Aavishkaar, social venture arm of Aavishkaar-Intellecap Group, closes impact investment fund at $95M. Link
GLOBAL ROUNDUP
Kabbage (2009, Atlanta), working capital financing service provider for SMBs, raises $200M in funding from Credit Suisse. Link
Logz.io (2014, Tel Aviv), enterprise grade ELK as a service provider, raises $23M in Series C round of funding led by venture capital fund OpenView, with participation from 83North, Giza and a new investor, Vintage Investment Partners. Link
TaskEasy (2011, Salt Lake City), online platform for ordering and delivery of home exterior services, raises $22M in Series C round of funding led by River Cities Capital with participation from Camber Creek, Moderne Ventures, Grotech Ventures, Access Venture Partners and Delta Electronics Capital. Link
Trocafone (2014, Sao Paulo), recommerce platform for consumer electronics, raises $15M in Series B round of funding from Callfort, MIT Castor Ventures Fund, FJ Labs, Rocketship, Mercado Libre Fund and other undisclosed investors. Link
Williams-Sonoma, Inc (1956, SF), multi-specialty retailer of home improvement products, acquires Outward (2012, San Jose), product visualization software tool for the home furnishing and décor industry, for $112M. Link