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

INTERESTING STARTUPS

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

Legasis (2006, Pune), legal support service provider, acquires Ethics India (2016, Mumbai), legal advisory and research solution provider, for an undisclosed amount. 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

Uber (2009, San Francisco), online cab aggregator, launches Uber India support centre in Bengaluru, and accidental insurance for its driver-partners. Link

WeWork (2010, New York City), co-working space community, opens a co-working space center in Mumbai. Link

91Springboard (2012, Delhi), managed co-working spaces provider, plans to launch co-working hub with the capacity of 300 work stations in Panaji. Link

GLOBAL ROUNDUP

FGI Worldwide (2013, NYC), commercial financial services provider, raises $140M of funding from undisclosed investors. Link

Absorb Software (2003, Calgary), provider of cloud learning and performance management software, raises $59M in Series B round of funding from Silversmith Capital Partners. 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

Pineapple Payments (2016, Pittsburg), provider of omni-channel payment processing technology solutions, raises $35M in Series A round of funding from Providence Strategic Growth. 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

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