A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Xane (2017, Gurgaon), AI-enabled chatbot for employee engagement and feedbacks. Founder is Ex- Profformance Technologies, and is an alumnus of IIT Delhi 2017. Local Comparables are InFeedo (2013, Gurgaon, $200k) and Qlicket (2011, Delhi, $350k). Global comparables are Energage (2006, Exton, $15M) and Hello Team (2016, Boston, $2.7M).
INDIA INTERESTING NEWS
Go Fashion India (2010, Chennai), women bottom wear manufacturer and retailer, raises $15.6M in funding from ICICI Venture. Link
OptaCredit (2016, Chennai), tech-enabled NBFC offering loans to salaried employees, raises $4M in funding from DMI Finance and others. Link
Skillate (2016, Bangalore), AI-based candidate shortlisting platform, raises an undisclosed amount in funding from Incubate Fund India, and Director of Zyoin, Anuj Agrawal. Link
Goomo (2006, Mumbai), horizontal OTA platform providing accommodation and travel services, acquires WagonBee (2016, New Delhi), B2B marketplace to hire vehicles, for an undisclosed amount. Link
Torrent Pharma (1959, Ahmedabad), pharmaceutical manufacturer, acquires Bio-Pharm(2001, Levittown), generic pharmaceutical manufacturer, for an undisclosed amount. Link
Paytm (2010, Delhi), mobile wallet and payments bank, launches Paytm for business app for SMEs to accept digital payments. Link
Sports Flashes (2016, Mumbai), sports content platform, launches internet radio channel. Link
GLOBAL ROUNDUP
defi Solutions (2012, Grapevine), SaaS-based loan origination software for auto lenders, raises $55M in Series C round of funding from Bain Capital Ventures. Link
PacketFabric (2015, Los Angeles), software controlled interconnection network services provider, raises $25M in Series B round of funding from Nant Capital. Link
Restaurant365 (2011, Irvine), provider of ERP solution for restaurants, raises $20M in Series A round of funding from Bessemer Venture Partners. Link
Zayo (2007, Boulder), colocation and communication infrastructure services company, acquires Optic Zoo Networks (2011, Vancouver), provider of network solutions, for $24M. Link
Sequoia Capital, California based venture capital firm, raises Seed Fund, at $180M. Link