A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Greenboard (2015, Gurgaon), data collection and environmental information monitoring company for aviation industry. Founders are ex-Cisco, Infosys, Aerobay and are alumni of IIT Kanpur. Global comparables are iJet (2010, Seattle, $24.7M) and 30Mhz (2014, Amsterdam, $56k).
INDIA INTERESTING NEWS
Zilingo (2015, Singapore), online marketplace for fashion, raises $17M in Series B round of funding from Sequoia Capital, Burda Principal Investments, Beenext, Venturra Capital, SIG, Wavemaker Partners, Tim Draper, Manik Arora and others. Link
WittyFeed (2014, Indore), online platform for sharing stories and entertainment content, raises an undisclosed amount in Pre-Series A round of funding from Anand Chandrasekaran, Apurva Chamaria and others. Link
BookMyShow (1999, Mumbai), online ticketing portal for movies, concerts and entertainment events, partners with SPI Cinemas (1997, Chennai), operator of multi brand movie theatre chain, to enable customers to book tickets on its platform. Link
Kae Capital, Mumbai-based venture capital firm, has closed its second fund with a corpus of $53M. Link
23andMe (2006, Mountain View), human genome research company, raises $250M in funding led by Sequoia Capital with participation from new investors Euclidean Capital, Altimeter Capital, Wallenberg Foundation, current investors Fidelity Investments, and Casdin Capital. Link
Aria Systems (2003, SF), subscription billing & management software provider, raises $18M in funding led by Madison Bay Capital with participation from Hummer Winblad Venture Partners, InterWest Partners and Venrock. Link