A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Appneura (2016, Mumbai), cloud-based application performance management solution. Founder is Ex-Infosys Technologies and Microland.Global comparables are OneAPM (2008, Beijing, $38M) and Apteligent (2011, SF, $48.7M).
INDIA INTERESTING NEWS
Sahajanand Medical Technologies (1998, Surat), minimally invasive coronary stent systems developer, raises $36M in PE round of funding from Morgan Stanley Private Equity Asia and Samara Capital Management Ltd. Link
Tapzo (2010, Bangalore), AI powered content and commerce platform, raises $1.93M in Series C round of funding from RuNet and RB Investments. Link
SalesPro (2013, Bangalore), sales consulting service provider, raises an undisclosed amount in Seed round of funding from 37.37 North Capital. Link
Moneytor (2017, Mumbai), automated loan collection system, raises an undisclosed amount in Seed round of funding from 500 Startups, ISME ACE and others. Link
InMobi (2007, Bangalore), mobile ad network provider, acquires AerServ (2012, NYC), ad-serving and mediation platform, for $90M. Link
CBA Capital, Mumbai based venture capital firm, raises first close of the fund, at $15.4M. Link
BigBasket (2011, Bangalore), online retail store for grocery shopping, partners with Sodexo(2005, France), food services and facilities management company, for digital payments. Link
Swiggy (2014, Bangalore), online platform that delivers food from restaurants, expands its service in Chandigarh. Link
GLOBAL ROUNDUP
Cadre (2014, NYC), real estate investment platform, raises $250M in funding from Goldman Sachs’ private-wealth clients. Link
YieldStreet (2014, NYC), online lending platform for asset-backed loans, raises $113M in Debt and Equity round of funding from Greycroft, Raine Ventures and New York-based family office. Link
Ladder (2015, SF), online life insurance service provider, raises $30M in Series B round of funding led by RRE Ventures, with participation from Thomvest Ventures, as well as existing investors Canaan Partners, Lightspeed Venture Partners and Nyca Partners. Link
Skyword (2010, Boston), content marketing software and services provider, raises $25M in funding from Rho Acceleration. Link
Trianz (2000, Santa Clara), provider of integrated set of Consulting, IT and BPO services, acquires CBIG Consulting (2002, Chicago), big data and BI consulting services provider, for an undisclosed amount. Link