A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
HealthFin (2016, Pune), healthcare financing platform. Founders are ex- ICICI Lombard General Insurance and Sahyadri Hospitals and are alumni of Symbiosis and ICFAI. Local comparable is AffordPlan (2016, Delhi, $3.4M). Global comparables are Finrise (2015, San Mateo, $5.4M) and PrimaHealthCredit (2009, NewPort Beach, $1M).
INDIA INTERESTING NEWS
Climate Connect (2010, Delhi), AI enabled platform for power, gas and emissions market, raises an undisclosed amount in Series A round of funding from Miller Turner Group. Link
WittyFeed (2014, Indore), online platform for sharing stories and entertainment content, raises an undisclosed amount in funding from Sandeep Aggarwal. Link
Everstone Capital, Bangalore based venture capital firm, acquires Chemopharm (1975, Petaling Jaya), medical products and solutions distributor, for an undisclosed amount. Link
Ola (2011, Bangalore), app-based asset-light cab operator, partners with Tata Motors(1945, Mumbai), manufactures of cars and commercial automotive vehicles, to launch an electric version of Nano in Delhi. Link
Unilever Ventures, Mumbai based venture capital firm, invests $10M in IDG Ventures IndiaFund. Link
Yulu (2017, Bangalore), IoT enabled bicycle sharing platform, launched by InMobi’s (2007, Bangalore), co-founder Amit Gupta. Link
GLOBAL ROUNDUP
Supermetrics (2010, Helsinki), provider of excel based report automation tools for web and social media data, raises $4.1M in Series A round of funding led by OpenOcean. Link
GIZTIX (2015, Bangkok), marketplace for transporting freight through road, raises $1.65M in Series A round of funding from AddVentures, Wavemaker and 500 Tuktuks. Link
Fountain, investment advisory startup, raises an undisclosed amount in Seed round of funding from Deutsche Bank, Societe Generale, Goldman Sachs, Charlotte Street Capital, Patrick Day, Citigroup. Link
LINE (2011, Tokyo), messaging app with free voice calls, acquires TemanJalan (2015, Jakarta), ride sharing app, for an undisclosed amount. Link