A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
AutomataPi (2017, Mumbai), cognitive business process automation engine.Founders are ex-Wadhawan TechSpaces and Mastek. Local comparable is Datoin (2014, Bangalore).Global comparables are Arago (1995, Frankfurt Am Main,$55M) and WorkFusion (2010, NYC, $71.3M).
INDIA INTERESTING NEWS
Chumbak Design (2009, Bangalore), brand of lifestyle products, raises $13.2M in funding from Gaja Capital. Link
MobieFit (2014, Panaji), fitness related mobile apps developer, raises $1.35M in pre-Series A round of funding led by NB Ventures with co-investment from MediAssist. Link
Hector Beverages (2009, Bangalore), manufacturer of beverages and energy drinks, raises an undisclosed amount in funding from a few existing investors. Link
Remitware (2014, Mumbai), online platform cross border money transfer, launches global payments platform MoneyOS. Link
Indigo (2006, Gurgaon), low cost airlines service provider, partners with Zoomcar (2013, Bangalore), online self-drive car rental service provider, and Savaari cabs (2006, Bangalore), online car rentals platform, to offer airport transfers to its passengers from the airport and other locations in the city. Link
Boeing (1916, Chicago), aircraft manufacturing company, launches ‘HorizonX India Innovation Challenge’ for startups. Link
National Skill Development Corporation and the Tourism and Hospitality Sector Skill Council partners with Airbnb (2008, San Francisco), marketplace for vacation rental accommodations, to upskill hospitality entrepreneurs. Link
GLOBAL ROUNDUP
1QBit (2012, Vancouver), hardware-agnostic platform for quantum computing, raises $45M Series B round of funding led by Fujitsu Limited, with additional strategic investment by Accenture, Allianz, The Royal Bank of Scotland, and CME Ventures. Link
Doctolib (2013, Paris), healthcare service appointment booking platform, raises another $42M in Series D round of funding from Eurazeo and existing investor Bpifrance. Link
InstaCarro (2015, Sao Paulo), online platform to buy and sell cars, raises $22M in institutional round of funding co-led by FJ Labs and new investor Lumia Capital. Link
Here (1986, Berlin), developer of maps, acquires ATS (2013, Berlin), software providers for telematics and connected car, for an undisclosed amount. Link
NFX, Silicon Valley and Israel based venture capital firm, launches $150M Venture Capital Fund. Link
