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