A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Bemo (2017, Bangalore), remote consultation and analytics-driven self-therapy for mental health. Founder is ex- Bridgei2i analytics, Tech Mahindra, and IBM. Local comparables areYourDost (2014, Bangalore, $1.6M) and JunoClinic (2016, Mumbai, $1.2M). Global comparables are Talkspace (2011, NYC, $59M) and Ieso Digital Health (2011, Swavesey, $24M).
INDIA INTERESTING NEWS
Furlenco (2010, Bangalore), online furniture rental platform, raises $300k in Debt round of funding from actor Aamir Khan. Link
Logic Roots (2011, Jaipur), activity based learning provider for primary students, and Project Mudra (2014, Vasco), mobile application and hardware for braille learning, raise $50k each in Seed round of funding from Village Capital. Link
Chai Break (2010, Kolkata), casual dining restaurant chain, raises $758k in funding from Venture Catalysts. Link
Fracktal Works (2013, Udupi), manufacturer of desktop 3D printers, raises an undisclosed amount in pre-Series A round of funding from Hyderabad Angels. Link
Cash Suvidha (2016, Delhi), micro business loans to families and SMEs, partners with HomeCapital (2017, Mumbai), provider of credit products, to bring credit to home buyers. Link
DHL Express (1969, Bonn), global logistics service provider, partners with BlueDart (1991, Mumbai), integrated express package distribution company, to start direct logistics operation. Link
Obopay (2005, bangalore), mobile payment solution provider, gets a wallet licence from the Reserve Bank of India. Link
GLOBAL ROUNDUP
Creditas (2012, Sao Paulo), online lending platform, raises $50M in Series C round of funding led by Vostok Emerging Finance, with participation from Kaszek Ventures, Quona Capital, QED Investors, International Finance Corporation and Naspers. Link
Menlo Security (2013, Berkeley), isolation platform for malware protection on endpoints, raises $40M in Series C round of funding from American Express Ventures, Ericsson Ventures and HSBC, along with JPMorgan Chase, General Catalyst, Sutter Hill Ventures, Osage University Partners and Engineering Capital. Link
Ouster (2016, SF), hardware & software provider for robotics and computer vision, raises $27M in Series A round of funding led by Cox Enterprises with participation from Fontinalis Partners, Amity Ventures, Constellation Technology Ventures, Tao Capital Partners, and Carthona Capital. Link
Avoka (2005, Sydney), digital sales enablement solution provider, raises $12M in funding from existing institutional and professional investors. Link
Billie (2016, Berlin), online invoice discounting services provider, raises $11.5M in Series A round of funding led by Creandum with participation from Rocket Internet, Speedinvest, Avala Capital and Picus Capital. Link