A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Ammras Software Solutions (2017, Bangalore), AI enabled cloud-based software solution for pharmaceutical sales representatives. Founder is alumni of University of Calicut. Local comparable is Swaas (2016, Chennai, $1M). Global comparables are Aktana (2008, SF, $25M) and Lathian Systems (2000, Plymouth Meeting, $14M).
INDIA INTERESTING NEWS
Smaaash Entertainment (2009, Mumbai), virtual reality sports, leisure and entertainment solution provider, raises $13.7M in funding from HNIs clients of Avendus Wealth Management Pvt. Ltd. Link
Indus OS (2008, Mumbai), android-based Mobile OS in Indian languages, raises $4M from Omidyar Network, Ventureast, and JSW Ventures. Link
EasyEcom (2014, Bangalore), provider of end-to-end solutions for offline merchants to sell online, raises $150k in Seed round of funding from Ambarish Gupta, founder and CEO of Knowlarity Communications; Aneesh Reddy, CEO of Capillary Technologies; Bold Ventures and Vona Investments. Link
IGP.com (2001, Noida), online retail gifting platform, raises an undisclosed amount in pre-Series A round of funding from Venture Catalysts. Link
Wellthy (2015, Mumbai), diabetes management platform, raises an undisclosed amount in funding from GrowX Ventures. Link
Quikr (2008, Bangalore), online classifieds portal to search, buy/sell/rent items and services, acquires HDFC Realty (2014, Mumbai), realty brokerage business arm of HDFC and HDFC RED (2010, Mumbai), residential property listing platform focused on property buying, for $54.6M. Link
Carlyle Group, US based venture capital firm, acquires majority stake in Visionary RCM(2006, Chennai), revenue cycle management services to the provider segment in the US, for an undisclosed amount. Link
Jugnoo’s (2014, Chandigarh), mobile-based auto rickshaw hailing and hyperlocal delivery service, click labs creates all-in-one operating system, Jungleworks. Link
GLOBAL ROUNDUP
Carbon (2013, Redwood City), CLIP technology based 3D Printer, raises $200M in Series D round of funding from Sequoia Capital, Silver Lake Kraftwerk, and Reinet Investments, the funding is supported by global financial institutions Baillie Gifford, Fidelity Management & Research Company, and ARCHINA Capital; strategic industry partners Hydra Ventures, GE Ventures, JSR Corporation and Emerson Elemental. Link
Common (2015, Brooklyn), online community living space provider, raises $40M in Series C round of funding led by Norwest Venture Partners. Link
Ripcord (2015, Hayward), provider of an all-inclusive records digitization and management service, raises $25M in Series B round of funding led by GV, with participation from Telstra Ventures and Icon Ventures, Kleiner Perkins, Lux Capital, and Silicon Valley Bank. Link
Daimler (1886, Berlin), conglomerate automotive service provider, acquires majority stake in Chauffeur Privé (2011, Paris), cab aggregator service provider, for an undisclosed amount. Link