A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Dishq (2015, Bangalore), AI-enabled food recommendation engine. Founders are ex- Myntra, Zomato, Just Eat and alumni of IIT Madras and Aston University.Global comparables are Vivanda (2014, Baltimore , $4M) and AVA (2016, Boston, $3M).
INDIA INTERESTING NEWS
Smaaash Entertainment (2009, Mumbai), virtual reality sports, leisure and entertainment, raises $3.87M in Series B round of funding from Sixth Sense Ventures. Link
TempoGO (2015, Goa), software and hardware solutions for fleet management and asset tracking, raises 250K in Seed round of funding from Javelin Startup-O Victory Fund. Link
KrishiHub (2016, Bangalore), online platform for B2B sales for vegetables, raises an Undisclosed amount in Seed round of funding from IIT Kanpur INVENT Accelerator and Villgro Innovation Fund. Link
Zoomcar (2013, Bangalore), online self-drive car rental service provider, partners with Mahindra Electric (1994, Bangalore), manufacturer of electric cars and commercial vans, for e-vehicle in Hyderabad. Link
SBI (1806, Mumbai), public sector banking & financial services company, launches digital lifestyle and banking services platform YONO. Link
GLOBAL ROUNDUP
Bond Collective (2012, NYC), provider of managed co-working spaces, raises $50M in funding from undisclosed investors. Link
HydroEdge (2012, McMurray), industrial goods & manufacturing firm, closes $8M in Debt round of funding from undisclosed investors. Link
DiliTrust (2010, Paris), Software solutions provider for corporate governance and secure data sharing, raises $8M in Series A round of funding from Calcium Capital. Link
LabGenius (2012, London), Developer of new materials using synthetic biology, raises $3.66M in Seed round of funding led by Kindred Capital and Acequia Capital with participation from Backed VC, Beast Ventures, Berggruen Holdings, System.One and others. Link
Aday (2015, NYC), direct to consumer brand of activewear clothing for women, raises $2M in Seed round of funding from H&M Co, H&M’s venture capital arm, ADG, and SoGal Ventures. Link
Cloudflare (2009, SF), provider of website security & performance solutions, acquires Neumob (2014, Sunnyvale), app acceleration SDK for undisclosed amount. Link
NextWorld Capital, SF -based venture capital firm, raises $135M for Second Venture Capital Fund. Link