A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Trial Run (2016, Mumbai), cloud-based idea management and scenario analysis platform. Founders are ex-ICICI Bank, ANZ Investment Bank, CSO Olenick & Associates, EIC Solutions, Advanta, Coopers & Lybrand and are alumni of Drexel University, IIM Ahmedabad and IIT Delhi. Local comparable is Penser Analytics (2014, Bangalore). Global comparable is Anaplan (2006, SF, $240M).
INDIA INTERESTING NEWS
Arohan (2006, Kolkata), provider of micro-loans to vendors and entrepreneurs who are typically involved in non-farm related business activities, raises $24M from Maj Invest, Tano Capital, Swaminathan Anklesaria Aiyar and others. Link
Franchise India (1999, New Delhi), integrated franchise solution company, picks up 51% stake in RE/MAX India, Indian arm of US-based RE/MAX (1973, Denver), real estate networking company for $9.34M. Link
Wandera (2012, SF), mobile threat prevention and compliance solutions provider, raises $27.5M in series C round of funding led by Sapphire Ventures with participation from Bessemer Venture Partners and 83North. Link
Yopa (2015, London), marketing solutions provider of real estate property sellers, raises $19.4M in series B round of funding led by the Daily Mail and General Trust Plc with participation from Grosvenor Hill Ventures. Link
Affinity (2015, Redwood City), provider of relationship insights for enterprises, raises $13.5M led by 8VC with participation from Sway Ventures, Pear Ventures, Great Oaks Venture Capital, Western Technology Investment and others. Link
Aporeto (2015, San Jose), cybersecurity startup developing a trust centric security solution for large distributed systems, raises $11.2M in series A round of funding led by Norwest Venture Partners. Link
Menlo Ventures, Menlo Park-based venture capital firm, closes its fourteenth fund, at $450M. Link