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

INTERESTING STARTUPS

PoshaQ (2016, Ahmedabad), sales and customer engagement platform for fashion retailers. Founders are ex-Co-founder of OpenFuel and are alumni of IIFT and NIT Surat. Local comparable includes Talespin (2016, Gurgaon). Global comparables include Ecrebo (2010, London, $23M) and Perch (2012, NYC, $2.12M).

INDIA INTERESTING NEWS

AgroStar (2010, Pune), m-commerce startup for agri-inputs, raises $10M in series B round of funding led by Accel Partners with participation from IDG ventures and Aavishkar ventures. Link

PICKmE (2011, Mumbai), web platform to book gadget repair services, raises $1.79M in funding from SIDBI Venture Capital Fund. Link

Juno Clinic (2016, Mumbai), online counselling platform, raises $1.2M in pre series A round of funding from Atul Nishar and others. Link

Data Resolve (2008, Noida), content policy based data loss prevention solutions, raises $1M in funding from IDFC-Parampara Capital JV. Link

MyGreens (2015, Delhi), private label subscription based cold-pressed juice, acquires JusDivine (2014, Mumbai), manufacturer of cold pressed juices, for an undisclosed amount. Link

Star India (1995, Mumbai), television broadcaster, picks up a minority stake in Zapr (2012, Gurgaon), TV viewership data repository, for an undisclosed amount. Link

CherishX (2015, Delhi), provider of dating activities for couples, Touchkin (2015, Bangalore), mobile-first predictive healthcare app and mShipper (2015, Delhi), crowd sourced local delivery service provider, are selected for Facebook’s FbStart programme. Link

ShopClues (2011, Gurgaon), e-commerce retail marketplace, launches e-commerce enablement initiatives like mobile point-of-sale system, QR code-enabled digital payments and business credit card as part of its offline strategy. Link

IDG Ventures India, Bangalore-based VC firm, made the final close of its third fund meeting its target of $200M. Link

pi Ventures, Bangalore-based early stage fund focused on investing on disruptive ideas leveraging machine learning, AI and IoT, announces the first close of their fund at $13M. Link

Amrita University’s Technology Business Incubator (TBI) and its Center for Cybersecurity Systems and Networks (CCSN) have come together to set up India’s first startup hub to focus exclusively on cybersecurity. Link

IDG Ventures India, Bangalore-based VC firm and Axilor Ventures, Bangalore-based accelerator, idea incubator and early stage VC fund, launches program to attract new age startups. Link

GLOBAL ROUNDUP

InGeneron (2005, Houston), regenerative medicine and cell therapy company, raises $20M in series D round of funding from Sanford Health. Link

Peerspace (2013, SF), marketplace for creative spaces, raises $11M in funding led by Foundation Capital with participation from Carthona Capital, Red Bridge Partners, and Mitsui Fudosan. Link

Blueface (2004, Dublin), unified communication solutions provider, raises $10.6M in funding from BDO Development Capital Fund. Link

Airway Therapeutics (2011, Cincinnati), developer of protein therapeutics for respiratory disorders, raises $6.3M in bridge round of funding from Cincinnati Children’s Hospital Medical Center, CincyTech and Queen City Angels. Link

Mass Appeal (1996, NYC), content and media company that covers music, art and style, raises $6M in series A round of funding led by Universal Music Group with participation from Evolution Media, Jon Jashni, Charles King and others. Link

Isotropic Systems (2015, London), developer of satellite antenna technology for mobile and high throughput satellite applications, raises $5M in venture capital funding from Waterlow Management. Link

Amazon’s AWS (2006, Seattle), cloud hosting platform services from Amazon, buys Thinkbox Software (2010, Winnipeg), content creation and publishing tools developer, for an undisclosed amount. Link

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