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


Svitch (2016, Bangalore), peer-to-peer intracity delivery service. Founder is ex-Druid Systems, saXam eArth, Consultant at Softcell Technologies and ex-Chairman at IndoGlobal Media. Local competitor ismShipper (2015, Delhi, $77k). Global comparable is Street Stream (2014, London, $209K). 


Ridlr (2010, Mumbai), smartphone app to plan intra-city transit, raises $6M in series B round of funding from Times Internet and existing investors Matrix Partners and Qualcomm Ventures. Link

BankerBay (2012, Bangalore), web-based deal origination tool for PE firms and investment banks, raises $2M in funding from a group of unnamed investors. Link

ShoppinPal (2011, Pune), mobile commerce platform for brick and mortar retail stores, raises $1.07M in series A round of funding led by Plug and Play Tech Center and Steelhead Ventures. Link

Transweb (2007, Delhi), educational technology firm, raises an undisclosed amount in series A round of funding from 500 Startups. Link

SatvaCart (2014, Gurgaon), online grocery store, raises an undisclosed amount in angel round of funding from Abhijit Avasthi, Karan Chellani and SP Vijay. Link

ShopClues (2011, Gurgaon), ecommerce managed marketplace, acquires Momoe (2014, Bangalore), smartphone application for payments at various outlets, in a bid to build payments business. Link

Travel Boutique Online (2005, Gurgaon), platform to manage bookings for travel agents, ties up withFxkart (2014, Bangalore), aggregator of forex rates. Link

Oyo (2013, Gurgaon) ties up with NYSE-listed travel platform Travelport (1971, Georgia), travel commerce company. Link

FreeCharge (2010, Mumbai), web and mobile platform to recharge mobile/data cards, partners withShuttl (2015, Gurgaon), app based bus-pooling for intra-city travel. Link

Muthoot Fincorp (1887, Thiruvananthapuram), financial services company, partners with MatchMove(2009, Singapore), cloud-based mobile payment card for securing e-commerce/payment process, to launch a wallet called Blue InnerCircle. Link

Yatra (2006, Gurgaon), online travel search engine and bookings platform merges with Terrapin 3 Acquisition Corporation at a valuation of $218M. Link

Zouk Loans (2015, Delhi), SME lending platform, shuts its online lending business pivots to Zouk Tech. Link

MobiKwik (2009, Gurgaon), mobile wallet, recharge, bill payments company’s cash pickup service completes 1M transactions. Link

Team Pumpkin (2012, Bangalore), digital marketing and social media agency launches its operations in NCR. Link

Startup Village, Kochi based startup incubator launches a digital incubator for students startups – Start In College. Link

Amazon India opens largest fulfilment centre in Sonipat. Link

Indian government working on $4482M corpus for venture capital funds in defence sector. Link


Unity Technologies (2004, SF), software to develop games or apps, and bring them across multiple platforms raises $181M in series C round of funding led by DFJ Growth with participation from FreeS Fund, Thrive Capital and others. Link

Kika Tech (2014, Sunnyvale), alternate keyboard app with Emoji, GIFs raises $33M in series B+ funding led by Cheetah Mobile with participation from QianKunHanHai, China Prosperity Capital and Five Stars Capital. Link

Endotronix (2007, East Peoria), digital health medtech company raises $32M in series C round of funding from BioVentures Investors, SV Life Sciences, Lumira Capital, Aperture Venture Partners and OSF Ventures. Link

Vertical Communications (2004, Santa Clara), provider of business communications solutions, closed $21.5M in funding from PNC Bank and Trinity Capital. Link

Grow (2014, Provo), provider of  BI dashboard software raises $11M in series A round of funding led by Toba Capital. Link

CyberGRX (2016, Denver), provider of a third-party cyber risk management platform, raises $9M in series A round of funding led by Allegis Capital with participation from Blackstone, TenEleven Ventures, Rally Ventures and others. Link

Amplero (2016, Seattle), predictive customer lifetime value management platform, raises $8M in series A round of funding led by Wildcat Venture Partners with participation from Globys/Trilogy Equity Partners, Salesforce Ventures and Seven Peaks Ventures. Link

Atlassian (2002, Sidney), enterprise collaboration software solutions provider, acquires StatusPage (2013, Mountain View), hosted white-label status pages provider, for an undisclosed amount. Link

DCM Ventures, Menlo Park based early stage venture capital firm closes its eighth flagship fund at $500M. Link

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