A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
QzIP (2017, Noida), blockchain solution for the management of agricultural supply chain. Founder is an ex-executive from Oracle and Sun Microsystems. Local comparable includes Sofocle Technologies (2016, Noida). Global comparable includes InstaSupply (2014, London, $1.5M).
INDIA INTERESTING NEWS
Multiplier Solutions (2011, Hyderabad), healthcare marketing analytics service provider and ABI Health (2007, Bangalore), suite of healthcare solutions and services, raises $1.5M each from Norwest Venture Partners and the anticipated merger of both B2B ventures is expected to take place over the next 12-18 months. Link
Indus OS (2008, Mumbai), android-based mobile OS provider in Indian languages, partners with Digital Turbine (2011, Austin), mobile app advertising and recommendation company, for publishing ads on Indus OS supported devices. Link
IDG Ventures India Advisors, Bangalore-based VC firm, has launched Innovation Program, an initiative to invest up to $500k-$5M in Indian tech startups, in partnership with Unilever Ventures and Amazon AWS. Link
Illumio (2013, Sunnyvale), adaptive security platform based data center security for workloads, raises $125M in Series D round of funding led by by J.P. Morgan Asset Management with participation from Andreessen Horowitz, General Catalyst and others. Link
Coursera (2012, Mountain View), massive open online courses (MOOC) provider, raises $64M in Series D round of funding from GSV Asset Management, New Enterprise Associates, Kleiner Perkins Caufield Byers, Learn Capital and The Lampert Foundation. Link
Alta Motors (2010, SF), designer and manufacturer of lightweight electric motorcycles for both off-road and on-road usage, raises $27M in funding led by Grassy Creek Ventures with participation from Mountain Nazca and Bob Fox. Link