A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Bolt Lockers (2016, Chennai), IoT-based storage solutions provider. Founder is ex-General Electric. Local comparables are QikPod (2015, Bangalore, $9M) and OpenApp (2014, Bangalore).Global comparables are Hive Box (2015, Shenzhen, $441M) and Parcel Pending (2013,California, $1.3M).
INDIA INTERESTING NEWS
Matrimony (1997, Chennai), online matrimony service provider, raises $35.3M in pre-IPO from Smallcap World Fund, HDFC Trustee Company, Baring Private Equity Asia, BNP Paribas Arbitrage and Goldman Sachs India and DB International. Link
Farmizen (2016, Bangalore), developer and operator of digital application for community supported farming, raises an undisclosed amount in seed round of funding from Venture Highway, Alok Mittal, Anuj Gupta and Mohit Agarwal. Link
Smaaash (2009, Mumbai), virtual reality sports, leisure and entertainment company, acquires SVM (2009, Hyderabad), entertainment chain specializing in bowling & gaming, for an undisclosed amount. Link
Replimune (2015, Oxford), developer of oncolytic immunotherapies, raises $55M in Series B round of funding led by Foresite Capital with participation from Bain Capital Life Sciences, Redmile Group, Cormorant Asset Management and others. Link
Aras (2000, Andover), provider of open source PLM and PDM solutions to manufacturing firms, raises $40m in Series D round of funding led by Silver Lake Kraftwerk with participation from GE Ventures. Link
Talkspace (2011, NYC), online counseling and therapy provider, raises $31M in Series C round of funding led by Qumra Capital, with participation from existing investors Norwest Venture Partners, Spark Capital, SoftBank, Compound Ventures and FirstTime. Link
Meero (2014, Paris), platform that gives access to professional photography at an affordable price, raises $18M in Series A round of funding led by Alven Capital with participation from WhiteStar Capital and existing investors GFC and Aglae. Link
Evolving Systems (1985, Englewood), activation, enablement and management of services for mobile devices, acquires Lumata (2011, London), real-time customer lifecycle management, advertising and data monetisation software and services provider, for an undisclosed amount. Link