A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Chaintrail (2017, Hyderabad), blockchain platform for business transactions. Founders are Ex-Sutherland Global Services, ICICI Bank, GE Capital, HSBC Bank and alumni of London Business School and Delhi University. Local comparable is Records Keeper (2016, Gurgaon). Global comparable is Stampery (2014, Madrid, $500k).
INDIA INTERESTING NEWS
Faircent (2013, Delhi), P2P lending marketplace, raises $3.8M in Series B round of funding led by Incofin Investment Management, with participation from JM Financial, 3one4 Capital, M&S Partners Pte Ltd, Aarin Capital and others. Link
Livspace (2012, Bangalore), provider of online retail for in-home designs and furniture, raises $1.6M in Series B round of funding from Bennett, Coleman & Company Ltd. Link
9stacks (2017, Delhi), online platform to play poker, raises $1.5M in pre-Series A round of funding from undisclosed investors. Link
Axiscades (1990, Bangalore), engineering services company, acquires Mistral (1997, Bangalore), product engineering services & homeland security solutions provider, for $26.7M. Link
Ola (2011, Bangalore), app-based asset-light cab operator, acquires FoodPanda India(2012, Delhi), online food ordering and delivery from restaurants, for an undisclosed amount. Link
Univariety (2011, Hyderabad), web platform to get recognized by international universities and get scholarships, raises $1.9M in funding from Info Edge. Link
Imarticus Learning (2012, Mumbai), provider of professional courses focused on financial services, partners with Rise Mumbai (2008, Mumbai), finTech accelerator, to launch FinTech Prodegree. Link
Wheelstreet (2014, Bangalore), online motorbike rental aggregator, launches “Go”- providing dockless commute in the motorbike rental segment. Link
Kaaryah (2012, Gurgaon), online store for women’s formal wear, closes shop after being operational for over three years. Link
GLOBAL ROUNDUP
Lemonade (2015, NYC), online home and renters insurance provider, raises $120M in Series C round of funding from SoftBank Group Corp. Link
Hyperloop One (2014, Los Angeles), full scale hyperloop system provider, raises $50M in Series C round of funding from Caspian Venture Capital and DP World. Link
Daily Harvest (2012, NYC), ready-to-blend smoothie delivery service provider, raises $43M in Series B round of funding led by Lightspeed Venture Partners with participation from VMG Partners, M13, chef and restaurateur Bobby Flay, Olympic gold medalist Shaun White, and actress Haylie Duff. Link
Maana (2012, palo Alto), search engine for big data based applications, raises $28m in Series C round of funding from led by China International Capital Corporation, Eight Square Capital, with participation from Intel Capital; GE Ventures; Chevron Technology Ventures; Saudi Aramco Energy Ventures; and Shell Technology Ventures. Link
Anodot (2014, Raanana), provider of real time operational business insights using machine learning algorithms, Raises $23M in Series B round of funding led by Redline Capital Managementת with participation from existing investors Aleph Venture Capital and Disruptive Technologies Venture Capital. Link