A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Nebulaa (2016, Jaipur), developer of crop quality assessment systems using computer vision and deep learning. Founders are ex-Trident group, Housing, Oyo rooms and are alumni of IIT Jodhpur and University of California . Local comparable is Inweon (2013, Noida). Global comparable is Next Instruments (2010, Sydney).
INDIA INTERESTING NEWS
Lendingkart (2014, Ahmedabad), online platform providing working capital for SMBs, raises $10.5M in bridge round of funding from Sistema Asia, Bertelsmann India Investment, Mayfield India, Saama Capital, India Quotient and Darrin Capital Management. Link
PlasmaGen BioSciences (2010, Bangalore), developer of plasma protein-therapy based products, raises around $25M in Series B round of funding from Eight Roads Ventures India, F-Prime Capital Partners and founders. Link
Ashish Kashyap – Ibibo Group founder & current MakeMyTrip president resigns. Link
Turo (2009, SF), peer-to-peer car rental marketplace, raises $92M in Series D round of funding led by Daimler, and SK Holdings along with participation from Liberty Mutual Strategic Ventures, Founders Circle Capital and others Link
MapR (2009, San Jose), hadoop enterprise grade platform, raises $56M in Series E round of funding from Lightspeed Venture Partners, CapitalG, Mayfield, NEA, Qualcomm Ventures and Redpoint Ventures. Link
Truveris (2009, NYC), healthtech analytics and validation platform, raises $25M in Series D round of funding from McKesson Ventures, Canaan Partners, New Leaf Venture Partners, Tribeca Venture Partners and New Atlantic Ventures. Link
Elastifile (2013, Herzliya), flexible cloud storage solutions provider, raises $16M in funding from Western Digital Capital, CE Ventures, and existing investors Lightspeed Venture Partners, Battery Ventures, Dell Technologies Capital and Cisco Investments. Link
Hello! Destination Management (2011, Orlando), destination management company, acquires The Event Team (1992, San Diego), hospitality and corporate events management company, for an undisclosed amount. Link
Yaana Solutions (2014, Milpitas), provider of data analytics products, acquires NeuString (2007, Dubai), predictive analytics software and consulting provider for mobile operators, for an undisclosed amount. Link