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

INTERESTING STARTUPS

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

Paytm (2010, Noida), mobile wallet and payments bank, raises $1.4B in funding from SoftBank. Link

Ez Cred (2017, Bangalore), consumer credit marketplace platform, raises $1M in funding from Dheeraj Pandey, Rajesh Yohannan and Akash Garg. Link

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

Eatonomist (2014, Gurgaon), internet first restaurant serving healthy food, shuts down its operations and the founder joins UberEATS. Link

Qbera (2015, Bangalore), personal loans marketplace, expands its operations to New Delhi and Chennai. Link

Ola (2011, Bangalore), app-based asset-light cab operator, launches a lightweight mobile website targeted at tier 2 and 3 cities. Link

IIFL Mutual Funds (2010, Mumbai), asset management company, raises $250M for its latest IIFL special opportunities fund. Link

GLOBAL ROUNDUP

QASymphony (2011, Atlanta), online test management platform, raises $40M in series C round of funding led by Insight Venture Partners. 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

BritCo (2011, SF), online marketplace for creative do-it-yourself courses and tools, raises $15M in funding led by Verizon 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

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