A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally
INTERESTING STARTUPS
DazHomes (2015, Delhi) Online platform for renting furnished apartments. Site is in beta stage as of March 2016. Founders are from IIT-D and IIM-A. Local comparables are NestAway (2014, Bangalore, $13M) and Homigo (2015, Bangalore, $200K). Global comparables are Qingke Gongyu (2012, Shanghai, $29M) and Uoko (2012, Chengdu, $26.5M)
INDIA INTERESTING NEWS
Flipkart (2007, Bangalore) Online marketplace infuses $50M into Myntra (2007, Bangalore) Online retail store for fashion and lifestyle products Link
Supplified (2015, Delhi) Online portal for building and construction materials raises $1M in funding from Mohit Goel, promoter and CEO of Omaxe Link
Nielsen (1922, NYC) Global Information and measurement company acquires Informate Mobile (2008, Mumbai) Mobile usage measurement & analytics startup for an undisclosed amount Link
Uber (2009, SF) Mobile based cab aggregator launches its engineering centre in Bangalore Link
Senseforth Technologies (2012, Bangalore) NLP based big data analytics firm for customer insights, Invite Referrals (2013, Delhi) Customer referral campaign tool, S2Pay (2010, Mumbai) QR based mobile wallet, BugClipper (2013, Mumbai) In-app feedback and reporting tool and Taptis Technologies (2016) Biometric payments solution provider won the top spot in HDFC bank’s Digital Innovation Summit Link
Government of India announces a 5 fold hike in budget for funding startups Link
GLOBAL ROUNDUP
WeWork (2010, NYC) Coworking workspace community platform raises $430M at $16B valuation in a funding round led by Legend Holdings and Hony Capital Link
Aspyrian Therapeutics (2010, San Diego) Clinical stage biotechnology company developing oncology and cancer drugs raises $40M in series B by Hiroshi Mikitani through his personal investment companies Link
Soothe (2013, LA) On-demand massage booking at home secures $35M in a funding round led by The Riverside Company Link
Attivio (2007, Newton) Data discovery and integration platform raises $31M in a funding round with participation from Oak Investment Partners, General Electric Pension Trust, Tenth Avenue Holdings, and Per-Olof Soderberg Link
fuboTV (2014, NYC) Cloud based TV service dedicated to soccer raises $15M in series B led by Sky and 21st Century Fox Link
Icertis (2009, Bellevue) Cloud based ERP solutions for contract and compliance management raises $15M in series B led by Ignition Partners with participation from Greycroft Partners and Fidelity Growth Partners India Link
Bustle (2013, NYC) Online media publication with a focus on women secures $11.5M in a funding round led by Saban Capital Group with participation from GGV Capital Link
Avametric (2012, SF) Fashion software platform raises $10.5M in series A led by Khosla Ventures Link
Waud Capital Partners, Chicago based middle market private equity fund raises $1.1B to invest focus on healthcare and technology services Link