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

INTERESTING STARTUPS

Leena AI (2015, Gurgaon), AI & NLP based HR chatbot for employees. Founders are IIT Delhi alumni. Local comparable is QarmaBot (2015, Mumbai). Global comparables are Talla (2015,San Francisco, $12.3M) and Butter.ai (2016,San Francisco, $3M).

INDIA INTERESTING NEWS

Veeba Food (1983, Delhi), condiments and sauce manufacturer, raises $6M in series C round of funding led by Verlinvest with participation from DSG Consumer Partners and Saama Capital and others. Link

MyGubbi (2015, Bangalore), interior designing services provider, raises $2.7M in Seed round of funding from Vipul Parekh, Ananda Kallugadde and Rajesh K Murthy. Link

GridRaster (2014, SF), infrastructure layer to utilize computing power of devices and cloud to enable VR/AR experiences, raises $2M in seed round of funding from Exfinity and others. Link

LetsService (2015, Bangalore), automobile service solutions provider, raises an undisclosed amount in Seed round of funding from Aequs Group. Link

Agrowave (2017, Delhi), fresh agriculture produce supply chain management company, raises an undisclosed amount in Angel round of funding from Daffodil Software. Link

Ekart Logistics (2009, Bangalore), logistics arm of Flipkart, allocates $460.7M for investments, acquisitions and inter-corporate loans. Link

PhonePe (2015, Bangalore), UPI based payment app provider, introduces credit card bill payments. Link

GLOBAL ROUNDUP

Eventbrite (2006, SF), online ticketing platform, raises $25M in Strategic Investment from Square. Link

Spotcap (2013, Berlin), alternate lending platform providing credit lines to businesses, raises $25.8M in equity and debt round of funding from existing investors. Link

GitLab (2014, SF), code collaboration tool, raises $20M in Series C round of funding led by GV. Link

Forensic Logic (2003, Walnut Creek), search engine for law enforcement and homeland security, raises $20M in Series B round of funding from Mainsail Partners. Link

Ascendify (2012, SF), talent acquisition platform, raises $11M in Series A round of funding led by Canaan Partners with participation from GE Ventures and Cisco Investments. Link

Sight Sciences (2006, Menlo Park), ophthalmic medical device company, raises $10M in Series C round of funding led by Allegro Investment Fund, with participation from all existing investors. Link

BrickVest (2014, London), real estate investment platform, raises $9M in Series A round of funding led by Berlin Hyp. Link

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