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

INTERESTING STARTUPS

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

GoFro (2015, Delhi), online marketplace for international travel planning and booking, raises around $10M in Series B round of funding led by Japanese travel major HIS Co and MakeMyTrip. Link

Paytm Payments Bank (2016, Noida), payments bank, raises $9.3M in funding from One97 Communications founder Vijay Shekhar Sharma and other existing investors. Link

CreditVidya (2012, Mumbai), alternate credit scoring platform, raises $5M in Series B round of funding from Matrix Partners. Link

Ecotrail Personal Care (2011, Ahmedabad), developer of halal beauty products, raises an undisclosed amount in funding from GVFL Ltd. 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

HCL (2009, Noida), technology and IT enterprise solutions provider, acquires Datawave (2012, Edinburgh), automation platform for data integration, for an undisclosed amount. Link

Ashish Kashyap – Ibibo Group founder & current MakeMyTrip president resigns. Link

GLOBAL ROUNDUP

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

FiveAI (2015, Bristol), software stack provider for autonomous vehicles, raises $35M in Series A round of funding from Lakestar Capital, Notion Capital, Amadeus Capital Partners and Kindred. Link

Dataiku (2012, Paris), collaborative data science platform, raises $28M in Series B round of funding from Battery Ventures, FirstMark, Serena Capital and Alven. 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

Zipwhip (2007, Seattle), cloud texting platform for enterprises, raises $22.5M in Series C round of funding from OpenView, Voyager Capital and Microsoft Ventures. Link

Guild (2015, Palo Alto), offline and online vocational training provider, raises $21M in Series B round of funding from Bessemer Ventures, Redpoint Ventures, Harrison Metal and Cowboy 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

Leave a Reply