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).
INDIA INTERESTING NEWS
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