A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally
INTERESTING STARTUPS
freshSupply (Delhi, 2015) B2B platform connecting farmers, wholesalers to businesses. Founders are from Walmart, Metso Paper and are alumnus of Northwestern University – Kellogg School of Management and IIT Roorkee. Local competitors include Ninjacart (2015, Bangalore, $3M) which also supplies groceries to retailers and Truce (2015, Mumbai, $370K). Global comparables include Meicai (2014, Beijing, $158.5M) and Provendor (2013, Montreal, $1.42M)
INDIA INTERESTING NEWS
Dil Mil (2014, SF) Curated mobile dating platform raises $2.7M in pre-series A funding from Nelstone Ventures, Transmedia Capital, Maiden Lane Ventures, CSC Upshot and other Link
Housing (2012, Mumbai) Verified real estate listing platform receives an undisclosed investment from Vineeth Singh – the former business head of 99Acres.com and the current MD of building materials startup Buildzar Link
Intgrea Partners (2015, Bangalore) Platform for M&A solution raises $100K seed funding from angel investors David A. Whitehorn and Philippe Bouchet Link
Process Nine Technologies (2015, Gurgaon) Provider of online translation and transliteration from English to Indian languages via a cloud-based application programming interface (API) raises an undisclosed amount in a pre-series A round of funding Link
Pics Dream (2015, Gurgaon) Online marketplace for photographs raises an undisclosed amount in an angel funding round led by chairman and managing director of Quatrro Global Services Raman Roy Link
Entrepreneurship and Venture Capital (EVC) Chicago based investment firm announces the launch of its maiden India-focused $50M early stage investment fund that will focus mainly on enterprise software, internet and mobile-focused startups Link
IIIT-Hyderabad launches its first accelerator program to nurture startups related to the world of technology by joining hands with 50K Ventures, T-Hub and Co-Creation Consulting for the program Link
GLOBAL ROUNDUP\
Slack Technologies (2009, SF) Team communication platform provider raised $200M in venture capital funding in a round led by Thrive Capital with participation from GGV Capital, Comcast Ventures, Sherpa Ventures and existing investors Link
Juicero (2013, SF) Smart kitchen appliance maker has raised $70M in series B funding from Artis Ventures, Kleiner Perkins Caufield & Byers, GV (formerly Google Ventures) Link
ManagedbyQ (2013, NYC) Smart Office cleaning and management service raises $25 million in series B funding GV and Kapor Ventures Link
Home24 (2009, Berlin) Online furniture Marketplace raises $23M in venture capital funding from new and and existing shareholders Link
Trustlock (2013, San Jose) Provider of Mobile and IOT security solutions raises $14M in venture capital funding from a group of undisclosed investors Link
Blispay (2014, Baltimore) Mobile based credit product provider raises $13M in seed funding in a round led by FirstMark Capital, with participation from Accomplice, New Enterprise Associates and TriplePoint Capital Link
LoanLogics (2004, Trevose) Provider of mortgage loan quality and performance management software raises $10M in funding from Blue Cloud Ventures with participation from existing investors Volition Capital Link
Berkshire Partners, a Boston, MA based investment firm, closed its ninth private equity fund with total equity commitments of $5.5 billion Link