A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
IdentifyMe (2017, Faridabad), Mobile and email based-OTP solution for the second factor authentication. Founder is ex-Amazon and is an alumni of IIT – Kharagpur. No local comparables. Global comparables are Payfone (2008, NYC, $67.76M) and Nok Nok Labs (2011, Palo Alto, $55.80M).
INDIA INTERESTING NEWS
Bottr.me (2016, Bangalore), SaaS platform to develop and deploy chatbots, raises an undisclosed amount in Seed round of funding from 500 Startups, Purvi Capital, Rajan Anandan, and Abhishek Gupta. Link
Rover.com (2011, Seattle), online pet sitting marketplace, raises $65M in Series F round of funding led by Spark Capital with participation from Bespoke Strategies, StepStone Group, Madrona Venture Group, Menlo Ventures, Foundry Group, OMERS Ventures and Technology Crossover Ventures. Link
Evelo Biosciences (2015, Cambridge), cancer therapeutics through the systematic understanding of cancer associated microbiome and bacterial immune activators, raises $50M in Series B round of funding from Flagship Pioneering, GV, Celgene, Mayo Clinic and Alexandria Venture Investments. Link
Flashpoint (2011, NYC), dark net monitoring based threat intelligence, raises $28M in Series C round of funding led by Georgian Partners with participation from Greycroft Partners, TechOperators, Leaders Fund, Jump Capital, Bloomberg Beta, and Cisco Investments. Link
Solera Health (2015, Phoenix), SaaS based population health management platform for chronic disease management, raises $18.3M in Series B round of funding led by Adams Street Partners with participation from Blue Cross Blue Shield Venture Partners, Sandbox Industries and social impact fund SJF Ventures. Link
Nosto (2011, Helsinki), SaaS-based personalized product recommendation solution for online retailers, raises $17M in undisclosed round of funding from Wellington Partners, Open Ocean Capital and The European Investment Bank. Link
Lightbend (2011, SF), high performance application builder, raises $15M in Series C round of funding from Bain Capital Ventures, Blue Cloud Ventures, IBM, Intel Capital, Juniper Ventures and Shasta Ventures. Link
Spotinst (2015, Hertzeliya), SaaS optimization platform for AWS and GCE, raises $15M in Series A round of funding led by Intel Capital with participation from Vertex Ventures and Springtide Ventures. Link