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).


QwikSpec (2013, Bangalore), cloud-based site management solution for construction industry, raises $542k in Seed round of funding led by Brigade Innovations LLP. Link

Open (2016, Bangalore), a fintech startup, raises $250k in Angel round of funding from Amrish Rau and Jitendra Gupta. Link

Foom (2016, Bangalore), mobile-based membership to offers on alcoholic beverages, raises $46k in Seed round of funding from an undisclosed amount. Link

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

Amazon (1994, Seattle), international e-commerce website, invests an additional $20M into its digital payments entity, Amazon Pay India. Link

Infibeam (2007, Ahmedabad), online horizontal retail marketplace, and CCAvenue (2001, Mumbai), a payment gateway solution, announce merger. Link

IntelleGrow (2010, Mumbai), venture debt-financing to SMEs, looking to launch $31M debt fund. Link

Aurovine (2012, England), online open music streaming & sharing platform, launches in India. Link

Trip Tap Toe (2008, Gurgaon), online travel agent, signs an MoU with Avis Cars (2012, England), self-drive car rental company. 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

Geek+ (2015, Chaoyang), warehouse automation robots, raises $60M in Series B round of funding led by an affiliate of Warburg Pincus, and participated by including Volcanics Venture and others. 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

Stash (2015, NYC), micro investment app, raises $40M in Series C round of funding led by Coatue Management, Breyer Capital, Goodwater Capital, and Valar Ventures. 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

Bevi (2013, Boston), smart water cooler company, raises $16.5M in Series B round of funding led by Trinity Ventures, with participation from Horizons Ventures and Tamarisc. 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

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