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

INTERESTING STARTUPS

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

Vayana Networks (2009, Chennai), premier financial services company, raises $4M in Series A round of funding from IDG, Jungle Ventures. Link

Increff (2016, Bangalore), supply chain management solutions provider for fashion retailers, raises $2M in funding led by Sequoia Capital. Link

Chumbak (2009, Bangalore), manufacturing and product retail company, raises $1.7M in debt round funding from Blacksoil. Link

IONA Entertainment (2016, Bangalore), gaming and activity arena for adults and kids, raises an undisclosed amount in Angel round of funding from Chris Gayle. Link

Eatigo (2013, Bangkok), app based restaurant booking service, acquires Ressy (2015, Pune), provider of real-time location based deals from restaurants, for an undisclosed amount. Link

Square Capital (2014, Gurgaon), online loan aggregator, crosses $309.8M in loan disbursements. Link

Jugnoo (2014, Chandigarh), mobile-based autorickshaw hailing and hyperlocal delivery service, launches Bumbl, a workflow automation tool. Link

Facebook (2004, Menlo Park), social networking site, launches Messenger Lite App for android users in India. link

GLOBAL ROUNDUP

Vroom (2013, NYC), an online used car dealer, raises $76M in Series F round of funding from undisclosed investors. Link

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

Cover (2016, SF), Mobile first general insurance broker, raises $11M in Seed and Series A round of funding led by Social Capital. Link

Star Capital Partners, UK- based private equity firm, raises Third Private Equity Fund, at $912.9M. Link

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