A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Datacogin (2016, Bangalore), low-cost AI based clinical decision support solutions. Founders are ex- Boeing, Motorola, IISC, and are alumni of IIT-Varanasi and Jawaharlal Nehru Medical College. Local comparables are Sigtuple (2015, Bangalore, $6.5M) and Artelus (2017, Bangalore). Global comparables are DeepMind (2011, London, $50M) and RGI (2011, Cornwallville, $1M).
INDIA INTERESTING NEWS
GarageOnRoad (2017, Noida), mobile-based aggregator for automobile service providers, raises an undisclosed amount in Seed round of funding from Jerry Gupta. Link
Olive Bar and Kitchen (2000, Delhi), fine dining restaurant chain, raises an undisclosed amount in funding from Rabo Equity Advisors. Link
SHEROES (2013, Delhi), web and mobile app based community and job portal for women, acquires Babygogo (2015, Bangalore), mobile based app for parents to connect with doctors for child care, for an undisclosed amount. Link
MonkeyBox (2015, Bangalore), online platform to book lunch-box delivery to school kids, acquires 75 In A Box (2015, Bangalore), internet first restaurant serving calorie counted healthy meals, for an undisclosed amount. Link
GLOBAL ROUNDUP
Tovala (2015, Chicago), smart appliance manufacturer and food subscription service provider, raises $9.2M in Series A round of funding led by Origin Ventures, with participation from Pritzker Group, Y Combinator, Joe Mansueto and Larry Levy. Link
Radar Relay (2017, Fort Collins), decentralized token exchange solution provider, raises $3m in Seed round of funding led by Blockchain Capital, with participation from SV Angel, Digital Currency Group, Reciprocal Ventures, Collaborative Fund, Kindred Ventures, Kokopelli Capital, Notation Capital, Sparkland Capital, V1.VC, and a group of private angels. Link
nOCD (2014, Chicago), mobile mental health app, raises $1M in funding from 7wire Ventures. Link
Elliott Management, Qatar-based venture capital firm, acquires Gigamon (2004, Milpitas), provider of traffic visibility fabric solutions, for $1.6B. Link