A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Rezo (2017, Noida), AI powered customer support ticket management platform. Founders are ex-WNS Global services, Absolutdata, GlobalLogic, Spice Digital and alumni of IIT Delhi.Global comparable is answeriq (2017, Seattle ,$5M).
INDIA INTERESTING NEWS
CleanMax Solar (2011, Mumbai), solar power project developer, raises $15M in funding from World Bank’s IFC. Link
AutoNebula, connected vehicle accelerator and investment fund, raises $7M in alternate investment funding headed by Milestone Trustees along with Sanjay Puri, Chairman and founder of AutoNebula. Link
Passion Gaming (2015, Chandigarh), parent company of Rummy Passion (2015, Chandigarh), online game for Rummy, raises $3.75M in funding from Stride Gaming. Link
Qwikcilver (2008, Bangalore), multi-brand gift card store and B2B backend technology provider, partners with Samsung (1969, Seoul), multinational conglomerate company, to launch a gift card store on Samsung Pay. Link
Uber (2009, San Francisco), mobile app that connects passengers with vehicle drivers for hire, selects 10 Indian startups for its UberEXCHANGE programme. Link
Wadhwani Foundation launches Wadhwani Global Network for Entrepreneurs. Link
T-Hub, Hyderabad based accelerator, launches T-Fund, an early-stage venture fund. Link
GLOBAL ROUNDUP
Waddle (2015, Surry Hills), provider of lines of credit to businesses provider, raises $38M in Debt round of funding from an investment management firm. Link
Thrive Global (2016, NYC), wellbeing and productivity platform, raises $30M in Series B round of funding led by IVP, with participation from Chairman and CEO of Salesforce Marc Benioff, Marketo co-founder and former CEO Phil Fernandez and existing investors. Link
ReversingLabs (2009, Cambridge), cyber threat detection, file reputation and file analysis tools provider, raises $25M in Series A round of funding from Trident Capital Cybersecurity and JPMorgan Chase. Link
Spot.IM (2012, NYC), technology to increase customer engagement using social networking features, raises $25M in Series C round of funding from Insight Venture Partners. Link
Seebo (2012, Tel Aviv), cloud based platform for IoT products’ lifecycle management, raises $8M in Series A round of funding led by TPY Capital and Viola Ventures, with participation from Pritzker Group Venture Capital and Global IoT Technology Ventures, Inc. Link
NetDocuments (1998, Lehi), cloud-based enterprise content management platform, acquires ThreadKM (2014, Atlanta), project management tool for lawyers, for an undisclosed amount. Link