A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally
INTERESTING STARTUPS
The Money Club (2016, Delhi) Mobile first peer to peer lending platform. Founder is from ex-Intellicap and Schlumberger and is alumnus of INSEAD and IIT-Kharagpur. Local competitors are Faircent (2013, Gurgaon) and iLend (2015, Hyderabad). Global comparables include Lufax (2011, Shanghai, $1.7B) and Lending Club (2007, SF, $392M).
INDIA INTERESTING NEWS
PinkBlue (2014, Bangalore) Online retailer of dental supplies for clinics and providers raises $156K in seed funding from TermSheet.io Link
JollyFood Fellow (2015, Ahmedabad) Online platform for restaurants to get discovered and run loyalty programs has raised an undisclosed amount in pre-series A round of funding led by angel investor Janak Parikh, MD of Malibu Group Link
Paytm (2011, Noida) Mobile wallet, e-commerce platform and payment bank borrows $45M for working capital from ICICI Bank Link
UpGrad (2015, Mumbai) Online platform for higher education programs for working professionals has tied up with the online deal making platform LetsVenture to offer angel investing course Link
Paytm (2011, Noida) Mobile wallet, e-commerce platform and payment bank partners with PVR and INOX to offer ticket booking services Link
Ola (2011, Bangalore) App-based asset-light cab operator appoints ex-Goldman Sachs exec as VP of engineering Link
Campden Wealth, a UK based family wealth management company joins hands with Amit and Arihant Patni, sons of Gajendra Patni, co-founder of Patni Computer Systems to launch a JV Campden Family Connect Link
GLOBAL ROUNDUP
Future Finance (2013, Dublin) Lending platform for education loans raises $171M from QED Investors, Blackstone Strategic Opportunity Fund, Colchis Capital and others Link
Justworks (2012, NYC) Online payroll and benefits platform raises $33M in series C funding from Redpoint Ventures with participation from existing investors Bain Capital Ventures, Thrive Capital and Index Ventures Link
EZBob (2011, London) Online lending platform raises $28M in series C funding from Leumi Partners and existing investor Oaktree Capital Management LP Link
Delair-tech (2011, Toulouse) Provider of professional drones that support corporate decision-making raises $14.5M in funding from Andromède, and BPI Link
Inmoji (2014, SF) Platform that connects brands with consumers on mobile messaging with branded interactive emojis raises $5M in series A funding from a group of angel investors Link
Facebook (2004, Menlo Park) Social network platform acquires Masquerade (2015, Wilmington) App to add live filters for video chat for undisclosed amount Link
Tableau Software (2003, Seattle) Business intelligence platform acquires HyPer (2010, Munich) Provider of high performance DBMS for undisclosed amount Link
Booker (2010, NYC) Cloud-based Booking and Business Management SaaS platform acquires
Frederick (2014, SF) Marketing automation platform for appointment and class-based service businesses for undisclosed amount Link
Cisco (1984, SF) Designer and manufacturer of networking equipments acquires Synata (2012, SF) Provider of cloud enabled search across enterprise apps for undisclosed amount Link