A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
EvueMe (2016, Delhi), cloud based digital hiring bot. Founder is ex- Reliance Communications, Bharti Airtel, BPL Group and is an alumnus of IIM Bangalore. Local comparables are ePoise (2012, Bangalore, $500K) and Talview (2012, Bangalore, $100K). Global comparables are Kira Talent (2012, Toronto, $8M) and HireArt (2012, NYC, $6.7M).
INDIA INTERESTING NEWS
Paytm Payments Bank (2016, Noida), payments bank, raises $18.7M in funding from One97 Communications and its founder Vijay Shekhar Sharma. Link
BlackSoil Capital invests $771K in GoBolt (2015, Delhi), online marketplace for freight transport, WebEngage (2011, Mumbai), multi-channel predictive marketing automation suite and Truweight (2012, Bangalore), weight loss consultation service provider, in interim venture debt round of funding. Link
MiStay (2016, Gurgaon), timeslot based hotel booking platform, raises an undisclosed amount in Seed round of funding from Axilor Ventures and a group of angels. Link
Wirecard (1999, Aschheim), provider of payment processing and issuing product solutions, partners with Capital Float (2013, Bangalore), online lending platform for small businesses, to offer quick customised loans to small retailers. Link
Hike Messenger (2012, Delhi), mobile messaging and calling app, partners with Airtel Payments Bank for its wallet service. Link
ShopClues (2011, Gurgaon), ecommerce retail marketplace, launches electronic accessories private label Digimate. Link
Facebook (2004, Menlo Park), social networking site, launches digital & startup training hubs in India. Link
CX Partners, Mumbai based venture capital firm, raises $250M for its second sector-agnostic fund, as per reports. Link
UTI Capital, Bangalore based venture capital firm, closes its first maiden private debt fund, at $74M. Link
Tapaswi Group, Mumbai based venture capital firm, launches women centric billennium divas angel fund. Link
GLOBAL ROUNDUP
The Wing (2015, NYC), provider of co-working space for women, raises $32M in Series B round of funding from WeWork. Link
LeafLink (2015, NYC), online commerce platform for cannabis dispensaries, raises $10M in Series A round of funding led by Nosara Capital, Casa Verde and Lerer Hippeau Ventures. Link
Buildup (2013, Palo Alto), provider of mobile apps for construction field management, raises $7M in SerieFirst Round Capital, Tandem Capitals A round of funding from TLV Partners, UpWest Labs, 01 Ventures, Abstract Ventures, and Check founders Guy Goldstein and Ahikam Kaufman. Link
PacketZoom (2013, San Mateo), provider of faster cloud access for mobile apps, raises $5M in Series A round of funding led by Baseline Ventures, with participation from and Arafura Ventures. Link
Apple (1976, Cupertino), consumer electronics manufacturer, acquires Vrvana (2014, Montreal), developer of 3D immersive Virtual Reality headset, for $30M. Link
Seedcamp, London-based early stage venture capital firm, holds first close of fourth fund, at $54M. Link