A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally

INTERESTING STARTUPS

Driveo.com (2015, Delhi), C2B e-commerce platform for used cars. Founders are ex-GE Money, General Motors & Maruti Suzuki and alumni of IIT- Delhi and IIM- Calcutta. Local competitor is Car24 (2015, Gurgaon, $8K) and global comparables include Auto1.com (Berlin, 2012, $100M), CarPrice (Moscow, 2015, $42M).

INDIA INTERESTING NEWS

RentoMojo (2014, Bangalore), online portal to rent furniture, raises $5M in series A round of funding from existing investors including Accel Partners and IDG Ventures India. Link

TripShelf (2015, Delhi), online marketplace for holiday packages, raises $250k in pre Series A round of funding from Delhi based GEMS Group. Link

Urban Tailor (2015, Bangalore), on-demand tailoring service for women apparels, raises an undisclosed amount in seed round of funding from Unitus Seed Fund. Link

IntensAquatica (2016, Bangalore), fish farming startup, raises $37k from Sharad Sharma. Link

Cisco Spark, cisco’s fully integrated cloud-based collaboration service, ties up with Gupshup (2006, Mumbai), messaging -bot development platform and API.ai (2014, Palo Alto), technology provider for speech controlling devices. Link

Jugnoo (2014, Chandigarh), mobile app for booking and hyperlocal delivery through Autorickshaws, ties up with Trainman (2014, Gurgaon), online platform to check and predict PNR status for Indian railways. Link

AppPoint (2005, Bangalore), an iPaaS and DPaaS product company delivering business management solutions, acquires US-based SaaS platform HireCanvas (2013, NYC), recruitment startup for an undisclosed amount. Link

GirnarSoft (2007, Jaipur), information technology company, acquires management consulting firm Valueserve. Link

Quikr (2008, Bangalore), online classifieds portal to search, buy/sell/rent items and services rebrands in-house beauty services, offering as AtHomeDiva. Link

Indian govt certifies 20 companies as incubators under Startup India. Link

SIDBI, indian independent financial institution, aimed to aid the growth and development of micro, small and medium-scale enterprises picks eight venture funds to invest in startups under the Startup India Action Plan with a corpus amount of $63.78M. Link

GLOBAL ROUNDUP

Siluria Technologies (2008, SF), technology developer for conversion of natural gas into ethylene directly, raises $45M in series E round of funding led by National Petrochemical Industrial Company with participation from Air Liquide Global E&C Solutions and Maire Tecnimont. Link

True Fit (2005,  Woburn), fit personalization software platform, raises $25M in series B round of funding from Jump Capital, Signal Peak Ventures and Intel Capital. Link

Bay Dynamics (2001, SF), provider of a cyber risk analytics platform, raises $23M in series B round of funding led by Carrick Capital Partners with participation from Comcast Ventures. Link

RedKix (2014, San Mateo), email productivity tool, raises $17M in seed round of funding from Salesforce Ventures, Wicklow Capital, Oren Zeev, Ori Sasson and others. Link

Docent Health (2015, Boston), healthcare experience technology and services company, raises $15M in series A round of  funding led by  Paul Roscoe- Founder of Decent Health, Bessemer Venture Partners, New Enterprise Associates and Maverick Ventures. Link

Caremerge (2010, SF), care Coordination Platform for senior citizens, raises $14M in funding led by Insight Venture Partners with participation from Grażyna Kulczyk, Cambia Health Solutions and others. Link

Indegy (2014, Haifa), industrial cyber security company, raises $12M in series A round of funding led by Vertex Ventures Israel with participation from Aspect Ventures and others. Link

8VC, San Francisco based venture capital firm launches $400M fund. Link

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