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


Str8bat (2017, Bangalore), developer of sensor based wearables for cricket. Founders are ex-SAP, IBM, Cisco. Local comparable is Retisense (2014, Bangalore). Global comparables are Zepp (2011, San Jose, $20M) and PIQ (2009, Lausanne, $5M).


Flipkart (2007, Bangalore), online horizontal e-commerce marketplace, raises $2.5B in funding from SoftBank Vision. Link

Ola (2011, Bangalore), app-based asset-light cab operator, raises $36M in funding from Tekne Private Ventures. Link

Moong Labs (2012, Delhi), a mobile games developer company, raises an undisclosed amount of funding from Nazara Games. Link

Career Power (2010, Delhi), coaching institute for Government jobs, raises an undisclosed amount in bridge round of funding from existing investors. Link

BitBay (2014, Katowice), poland based bitcoin exchange, plans to launch a dedicated platform for trade and exchange of cryptocurrencies in India. Link

Aurobindo Pharma (1986, Hyderabad), generic FDF & API manufacturer, plans to increase stake in Tergene Biotech (2008, Hyderabad), developer of vaccines against bacterial infections. Link

Quess Corp. (2007, Bangalore), business services provider, plans to raise $179M via institutional placement. Link

Citibank (1812, New York), a financial services company, and MobiKwik (2009, Gurgaon), mobile wallet, recharge and bill payments app, to go for arbitration over reward programme payments. Link


Donuts (2011, Bellevue), registry for generic top-level domain names, raises $110M in debt round of funding led by Silicon Valley Bank with participation from Cadence Bank, N.A., Comerica Bank, Pacific Western Bank, and Umpqua Bank. Link

Coinbase (2012, SF), digital wallet and payment gateway for bitcoins, raises $100M in Series D round of funding led by Institutional Venture Partners, with participation from Spark Capital, Greylock Partners, Battery Ventures and others. Link

Apellis Pharmaceuticals (2008, Crestwood), biopharmaceutical company targeting complement system to treat autoimmune and inflammatory diseases, raises $60M in Series E round of funding led by Sectoral Asset Management with participation from Sofinnova, Vivo Capital, F-Prime Capital Partners, Clough Capital Partners and others. Link

Amplitude (2012, SF), mobile analytics and business intelligence platform, raises $30M in Series C round of funding led by Institutional Venture Partners, with participation from Benchmark Capital and Battery Ventures. Link

Auvik Networks (2011, Kitchener), network monitoring, configuration & management automation solution provider, raises $15M in Series B round of funding led by OpenView, with participation from Celtic House Venture Partners and Rho Canada Ventures. Link

HighBar Partners, CA-based an investment firm, raises Third Fund, at $208M. Link

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