A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Spectral Insights (2016, Bangalore), hyperspectral medical imaging solutions provider. Founders are ex-IMEC, Broadcom, GE Global Research, and are alumni of University of Illinois and University of Ottawa. Global comparables are Web Microscope (2013, Helsinki, $1.7M) and PathXL (2004, Belfast, $1.48M).
INDIA INTERESTING NEWS
Kahaniya (2016, Hyderabad), platform connecting writers and readers, raises $200k in Seed round of funding from a group of US-based non-resident Indians (NRIs). Link
Perspectico (2017, Delhi), platform for career advice from industry experts, raises an undisclosed amount in Seed round of funding from the incubation cell of Delhi University, SSCBS Innovation. Link
StyleCracker (2012, Mumbai), personal stylist led fashion e-commerce portal, raises an undisclosed amount in pre-Series A round of funding from Alia Bhatt. Link
Ebix (1976, Atlanta) India, software & e-commerce solutions provider, acquires 50pc stake of VARA Technology (2016, Mumbai), IT software solutions provider, for an undisclosed amount. Link
Uber (2009, San Francisco) India, mobile app that connects passengers with vehicle drivers for hire, introduces 4 new features including Call to ride and Book for guest. Link
GLOBAL ROUNDUP
Deliveroo (2013, London), online platform to order food for delivery from partnered restaurants, raises $98M in Series F round of funding led by T. Rowe Price Associates and Fidelity Management & Research Company. Link
Kaseya (2000, Waltham), IT solutions for managed service providers, raises over $45M in funding from the Ireland Strategic Investment Fund. Link
Axios (2016, Commack), news and media startup, raises $20M in Series B round of funding from E.ventures, Greycroft Partners, Lerer Hippeau Ventures, WndrCo, NBCUniversal, Emerson Collective and Greg Penner. Link
Shippeo (2013, Paris), road freight booking and management platform, raises $11.8M in Series A round of funding led by Partech Ventures and Otium Venture. Link
Spotify (2006, Stockholm), global on-demand music streaming platform, acquires Soundtrap (2012, Stockholm), music co-creation & sharing platform, for an undisclosed amount. Link
BGF, UK-based venture capital firm, launches growth capital fund, at $295M for Irish Businesses. Link