A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
thingTronics (2016, Bangalore), IoT-enabled solutions provider for smart cities and agriculture.Founders are ex-Samsung and Alcatel-Lucent. Local comparables are WiSig Networks (2016, Hyderabad) and Mymo Wireless (2009, Bangalore).Global comparables are Telit (1986, London) and Filament (2012, Reno, $35.6M).
INDIA INTERESTING NEWS
Simply Braces (2017, Mumbai), chain of speciality clinics for braces, raises $1M in pre-Series A round of funding from undisclosed investors. Link
Stanza Living (2017, Delhi), managed accommodation provider for students, raises an undisclosed amount in funding from Matrix Partners and Accel. Link
AHA Taxis (2015, Kanpur), online taxi aggregator for one way outstation travel, raises an undisclosed amount in pre-Series A round of funding from Lead Angels and existing investor, ah! Ventures. Link
AuthBridge (2005, Gurgaon), employee background verification and risk mitigation services provider, launches VerifyMySchool (2017, Gurgaon), background verification services provider for schools, to create a safe environment for students by screening their staff. Link
Z Nation Lab (2016, Mumbai), startup investment fund provider, partners with 100 Open Startups to help Indian startups get access to a vast network of top global corporates. Link
Awfis (2015, Delhi), co-working space provider, launches new premium co-working space in BKC, Mumbai. Link
Amazon India (2012, India), online horizontal marketplace, partners with Kickstarter (2009, Brooklyn), online crowdfunding platform, and HAX, hardware accelerator, launches startup challenge “Startup C-Cube”. Link
GLOBAL ROUNDUP
Niantic (2010, SF), mobile game developer, raises $200M in Series B round of funding led by Spark Capital. Link
MoneyMe (2013, Sydney), lending platform for payday loans, raises $120M in funding from undisclosed investors. Link
Victoria Beckham (2010, London), online womenswear brand, raises $39M in PE round of funding from Neo Investment Partners. Link
ClimaCell (2015, Boston), weather forecasting tools provider, raises $15M in Series A round of funding led by Canaan Partners with participation from Fontinalis Partners, as well as existing investor Square Peg Capital. Link
Balderton Capital, London-based venture capital firm, closes new tech venture capital fund, at $375M. Link