A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Primoface (2015, Delhi), face recognition-based customer engagement solution for retailers. Founders is alumnus of Delhi University. Local comparable includes Corseco (2016, Delhi, $225k). Global comparables include Brickstream (2000, Norcross, $36M) and Prism Skylabs (2011, SF, $24M).
INDIA INTERESTING NEWS
Segment (2011, SF), data integration software, raises $64M in Series C round of funding led by the Y Combinator Continuity Fund and GV with participation from Accel, Thrive Capital, Ron Conway’s SV Angel, and New Enterprise Associates. Link
Assent Compliance (2005, Ottawa), Web-based compliance management software, raises $40M in undisclosed round of funding led by Greenspring Associates with participation from Volition Capital, OpenText Enterprise Application Fund, Business Development Bank of Canada and others. Link
Pendo (2013, Raleigh), customer product engagement platform, raises $25M in Series C round of funding led by Meritech Capital Partners with participation from Battery Ventures, Contour Venture Partners, Core Capital Partners, IDEAFund Partners, Salesforce Ventures and Spark Capital. Link
Framebridge (2014, Washington D.C.), custom picture frames & online art framing, raises $16.7M in Series B round of funding from Gordon Segal and Beth Kaplan with participation from New Enterprise Associates (NEA), Revolution Ventures, and SWaN & Legend Venture Partners. Link
Bespin Global (2015, Seongnam), cloud IT solutions company, raises $15M in Series A round of funding led by Legend Capital with participation from Premier Partners, Altos Ventures, Hyosung ITX, and other investors. Link
Star Capital Partners, UK- based private equity firm, raises Third Private Equity Fund, at $912.9M. Link