A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Algo360 (2016, Mumbai), credit scoring and analytics platform. Founder is ex- Vito, PwC, TCS and alumni of IIM Bangalore. Local comparables are CreditVidya (2012, Mumbai, $7.16M) and Shubhloans (2016, Bangalore, $1.6M). Global comparables are Zestfinance (2009, Los Angeles, $54M) and Demyst (2010, NYC, $16M).
INDIA INTERESTING NEWS
Frontizo Business Service, joint venture between Amazon and the Ashok Patni Group, raises $15M in funding from Zodiac Wealth Advisors, Amazon Asia Pacific Holdings and Zaffre. Link
Satin Creditcare (1990, Delhi), NBFC offering micro loans to businesses, raises $12.3M in funding from Hedge Fund Kora Management. Link
Simulanis (2013, Delhi), AR based simulation and games for engineering education, raises $500k in a pre-Series A round of funding from Education Catalyst Fund. Link
Hippo Video (2016, Chennai), online video platform for customer support, raises an undisclosed amount in pre-Series A round of funding from Kae Capital. Link
Kiran Energy (2010, Mumbai), developer and operator of solar farms, raises an undisclosed amount in funding from existing institutional investors. Link
Daaki (2013, Bangalore), sports nutrition brand, raises an undisclosed amount in angel funding from Rohan Agila and Capvent Advisors. Link
KivaShots (2016, Delhi), ayurvedic healthcare beverages maker, raises an undisclosed amount in funding from Max Life Insurance CEO Rajesh Sud, Max Healthcare MD Rajit Mehta, Ward Ferry Management CIO Vineet Mitera, MindTickle cofounder Mohit Garg, Zomato cofounder Pankaj Chaddha and Startup Buddy cofounder Amit Singal. Link
Nazara (2000, Mumbai), mobile games developer, acquires majority stake in NextWave Multimedia (2005, Chennai), mobile game development company. Link
GLOBAL ROUNDUP
Smava (2006, Berlin), comparison platform of consumer credit products, raises $65M in funding from Vitruvian. Link
Collibra (2008, Brussels), data governance solutions provider, raises $58M in Series D round of funding led by ICONIQ Capital and Battery Ventures. Link
Canva (2012, Surry Hills), online design platform, raises $40M in funding led by Sequoia China, with participation from Blackbird Ventures and Felicis Ventures. Link
Salesforce (1997, SF), cloud based CRM, social collaboration for the enterprise, acquires Attic Labs (2015, SF), decentralized database for structured data provider, for an undisclosed amount. Link
SolarWinds (1999, Austin), provider of network management software, acquires Loggly (2009, SF), cloud-based log management service provider, for an undisclosed amount. Link
