A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Mike Legal (2016, Delhi), AI-based legal research assistant for lawyers. Founders are ex-Fabence, 4thpointer Services. Local comparables are Mobley Technologies (2015, Pune) and Crux IQ (2016, Chennai). Global comparables are Casetext (2013, Palo Alto, $20.8M) and Ravel (2012, Palo Alto, $9.2M).
INDIA INTERESTING NEWS
EazyDiner (2014, Delhi), online platform for food discovery, ordering, and table booking at restaurants, raises $4.5M in funding led by its existing backers Deepak Shahdadpuri-led DSG Consumer Partners and Saama Capital. Link
Mapbox (2010, Washington D.C.), tools provider for building custom maps, raises $164M in Series C round of funding led by the SoftBank Vision Fund, with participation from existing investors including Foundry Group, DFJ Growth, DBL Partners, and Thrive Capital. Link
Bill.com (2006, Palo Alto), cloud-based payables and receivables payments solutions provider, raises $100M in Series G round of funding led by JPMorgan Chase and Temasek, with participation from August Capital, Scale Ventures, Napier Park, DCM, Icon Ventures, Emergence Capital, Silicon Valley Bank and American Express. Link
Petuum (2016, Pittsburg), distributed machine learning framework, raises $93M in Series B round of funding led by a subsidiary of SoftBank Group Corp. with participation from previous investor Advantech Capital. Link
Andela (2014, NYC), training and employment solutions provider, raises $40M in Series C round of funding led by pan-African venture firm CRE Venture Capital with participation from DBL Partners, Amplo, Salesforce Ventures, and Africa-focused TLcom Capital and existing investors Chan Zuckerberg Initiative, GV, and Spark Capital. Link