A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Primeauth (2016, Hyderabad), security application for user authentication. Local comparable is Innefu (2010, Delhi, $2M). Global comparables are Centrify (2004, Sunnyvale, $94M) andSynoIQ (2015, Offenburg).
INDIA INTERESTING NEWS
B9 Beverages (2008, Delhi), producer of Indian craft beer Bira, raises $3.8M in Debt round of funding from Anicut Capital. Link
Cash Suvidha (2016, Delhi), micro business loans provider to families and SMEs, raises $2.7M in Debt round of funding from undisclosed investors. Link
Finbucket (2014, Delhi), online microlending platform, raises $1.87M in Series A round of funding from Impanix Capital. Link
Purplle (2012, Mumbai), online platform for buying beauty products and booking salon and spa, raises $537K in Series A round of funding led by Mountain Pine Capital and Suncoast Investments with participation from individual investors. Link
The Bohri Kitchen (2014, Mumbai), online food delivery and home-dining experience provider for Bohri food, raises $233K in Angel round of funding from Anuj Puri, Abhishek Agarwal, Anirudh Damani, Riyaaz Amlani and Rahul Akerkar. Link
Dish TV (2003, Noida), direct-to-home television network service provider, completes its merger with Videocon d2h (2003, Mumbai), satellite based direct-to-home television operator, after approval from the Ministry of Information and Broadcasting. Link
Swiggy (2014, Bangalore), online platform for food delivery from restaurants, partners with Sodexo (1966, Issy-les-Moulineaux), quality of life services provider, to accept meal cards and coupons as payment option. Link
Axis Bank (1994, Mumbai), financial services provider, to launch ‘Axis Start-up Social’. Link
GLOBAL ROUNDUP
Jnana Therapeutics (2017, Boston), developer of drug discovery platform for targeting the solute carrier family of transporters, raises $50M in Series A round of funding from Polaris Partners, Avalon Ventures, Versant Ventures, AbbVie Ventures, and Pfizer R&D Innovate. Link
Splice (2013, NYC), music creation and collaboration platform, raises $35M in Series B round of funding led by DFJ Growth, with participation from True Ventures, Union Square Ventures and Flybridge. Link
Leadspace (2007, Hod Hasharon), B2B lead scoring platform, raises $21M in Series C round of funding led by Arrowroot Capital and Jerusalem Venture Partners with participation from Battery Ventures and Vertex Ventures. Link
nWay (2011, SF), video games developer targeting mobile and web platforms, raises $11M in funding from March Capital Partners, Ridge Ventures, Baseline Ventures, TransLink Capital and WI Harper Group. Link
Huddly (2013, Oslo), provider of intelligent collaboration video cameras, raises $10M in Series C round of funding led by Graham Williams. Link
Baker (2015, Denver), app platform to enable customers to order cannabis from dispensaries, raises $8M in Series A round of funding led by Poseidon Asset Management, with participation from Panther Opportunity Fund, Phyto Partners and other existing investors. Link
Reniac (2012, SF), distributed data engine provider, raises an undisclosed amount in funding led by Intel Capital with participation from Menlo Ventures, Divergent Ventures, Bullpen Capital, First Star Ventures and Phison Electronics Corp. Link
Andreessen Horowitz, CA-based venture capital firm, launches $450M in Second Bio venture capital fund. Link