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

INTERESTING STARTUPS

Pakit (2017, Guwahati), platform for crowdsourced delivery via travellers. Founders are alumni of IIT Guwahati. Local comparable is WEcarriers (2016, Pune). Global comparables are Grabr (2015, SF, $6M) and Airfrov (2014, Singapore, $500k).

INDIA INTERESTING NEWS

Five Star (1984, Chennai), non-banking finance company, raises $50M in Series C round of funding led by Norwest Venture Partners and Sequoia Capital with participation from Morgan Stanley and Matrix Partners. Link

StayAbode (2016, Bangalore), provider of managed rental accommodation, raises an undisclosed amount in Seed round of funding from Incubate Fund, Sanjay Shenoy, Mridul Upreti and others. Link

Doodhwala (2015, Bangalore), app for subscription based milk delivery, raises an undisclosed amount in Angel round of funding from Tom Varkey. Link

Healers at Home (2014, Delhi), at home physiotherapy services provider, raises an undisclosed amount from Let’s Venture, Chandigarh Angels Network and others. Link

WABCO (1869, Hillsdale), manufacturer of braking products for automotive industry, acquires AssetTrackr (2013, Bangalore), GPS based vehicle tracking and fleet management solution provider, for an undisclosed amount. Link

IDFC Bank (2015, Mumbai), private sector full stack bank, partners with Zeta (2015, Bangalore), employee tax benefits solution provider, for digital payments solution. Link

MakeMyTrip (2000, Delhi), online travel agency for booking flights, hotels, buses, posts wider YOY loss and 54.6% jump in revenue for Q1. Link

Merkel Haptic Systems (2012, Chennai), provider of haptic devices for multiple applications, receives an order valued at about $1M from a Singapore-based firm. Link

Yatra (2006, Delhi), online travel search engine and bookings platform, launches ‘Xplore’ advanced search option for budget travellers. Link

Bhavin Turakhia, has joined Unacademy (2010, Mumbai), free online learning platform offering crowdsourced courses on multiple subjects, joins board as a director. Link

GLOBAL ROUNDUP

Essential Products (2017, Palo Alto), consumer electronics company, raises $300M in undisclosed round of funding led by Access Industries with participation from Redpoint Ventures, Tencent Holdings Ltd., Altimeter Capital, Vy Capital and Amazon Inc. Link

Videology (2007, Baltimore), provider of technology platform to manage, measure, and optimize digital video, raises $80M credit facility from FastPay and Tennenbaum Capital Partners. Link

Appboy (2011, NYC), user analytics and engagement platform for mobile apps, raises $50M in Series D round of funding led by Iconiq Capital with participation from Battery Ventures, and others. Link

RedAwning.com (2010, Berkeley), vacation rental marketplace, raises $40M in Growth Equity funding led by growth equity firm Silversmith Capital Partners. Link

Super Evil Megacorp (2012, San Mateo), mobile game developer specializing in Core games, raises $19M in Series B round of funding from undisclosed investors. Link

Socure (2012, NYC), identity fraud detection, raises $13.9M in Series B round of funding led by Commerce Ventures, with participation from Flint Capital, Work-Bench, Santander InnoVentures and Two Sigma Ventures. Link

Fenwick Brands, Birmingham-based consumer packaged goods investor, closes first consumer packaged goods fund, at $30M. Link

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