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

INTERESTING STARTUPS

SocialWell (2016, Bhubaneswar), project management platform for NGOs. Founder is ex- IPE Global, Srijan Technologies, Abt Associates, and Globethics. Local comparables are SocialCops (2013, Delhi, $320k) and Dhwani IRS (2014, Gurgaon). Global comparables are Conserve (2012, Delray Beach) and Magpi (2003, Washington DC). 

INDIA INTERESTING NEWS

Wassup Laundry (2011, Chennai), on demand space, acquires Doormint (2014, Mumbai), mobile based platform for on demand laundry services, for an undisclosed amount. Link

Hero Enterprise chairman Sunil Munjal invests $15.4M in new Aavishkaar fund. Link

Freshdesk (2010, Chennai), cloud-based customer helpdesk solutions provider, partners with the Startup Village (2011, Bangalore), learning platform for entrepreneurs, to set up the ‘Freshdesk School of SaaS @ SV.CO’. Link

GLOBAL ROUNDUP

Getaround (2009, San Francisco), peer-to-peer carsharing marketplace, raises $45M in Series C led by Braemar Energy Ventures. Link

Gladly (2014, San Francisco), unified communications platform, raises $36M in Series C led by GGV Capital, with participation from Greylock Partners and New Enterprise Associates. Link

MakeSpace (2013, New York City), on-demand physical storage services provider, raises $30M in funding led by 8VC, Upfront Ventures, Harmony Partners and Summit Action. Link

ZappRX (2012, Cambridge), specialty pharmacy care coordination platform, raises $25M in Series B led by Qiming US Healthcare Fund. Link

DFJ Growth, US-based venture capital firm, closes its third fund with $535M. Link

Leave a Reply