A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
CrediFiable (2016, Bangalore), peer to peer lending platform for personal loans. Founder is from Sol Primero and is an alumnus of University of Pennsylvania – The Wharton School. Local competitors include Faircent (2013, Gurgaon, $8.25M) and i2i Funding (2014, Noida). Global comparables include Prosper (2005, SF, $353M) and Lending Club (2006, SF, $166M, Public).
INDIA INTERESTING NEWS
MyDermacy (2013, Delhi), curated marketplace of skin clinics and chain of co-branded dermatology clinics, raises an undisclosed amount in pre series A round of funding from Cyber Carrier and others. Link
Property Share (2015, Bangalore), online platform facilitating fractional ownership of residential properties, raises an undisclosed amount in funding led by Asuka Holdings with participation from Pravega Ventures and Beenext. Link
Blue Box Media (2014, Jaipur), operator of online news and leisure portals, acquires a majority stake in Connect Jaipur (2016, Jaipur), platform offering lifestyle content around Jaipur city, for an undisclosed amount. Link
Karnataka govt announces $1.5M fund for women entrepreneurs. Link
The Nasdaq Entrepreneurial Center, partners with Startup India to launch Milestone Makers India program in May 2017. Link
Z Nation Lab, Mumbai-based accelerator, announces Three Week Bootcamp Program in Silicon Valley for Indian Startups. Link
Canopy (2014, Lehi), tax resolution and practice management software provider, raises $20M in series B round of funding led by Pelion Venture Partners with participation from New Enterprise Associates (NEA), EPIC Ventures and Deep Fork Capital. Link