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

INTERESTING STARTUPS

Koinex (2017, Mumbai), platform to trade multiple cryptocurrencies. Founders are alumni of BITS Pilani, IIT Delhi and IIT Kharagpur alumni.Global comparables are Tech bureau Lab(2015, Osaka, $25M) and GDAX (2016,SF).

INDIA INTERESTING NEWS

Varthana (2013, Bangalore), provider of loans to affordable private schools, raises $3M in Series B round of funding from the Michael and Susan Dell Foundation. Link

SlicePay (2015, Bangalore), online lending platform for college students, raises $2M in Series A round of funding from Simile Venture Partners, Blume Ventures. Link

UCLID (2011, Noida), adaptive content provider for schools, raises $235k in Seed round of funding from US-Based Investors. Link

Lupin (1968, Mumbai), generic formulations, biosimilars and API manufacturer, acquires Symbiomix Therapeutics (2012, Newark), biopharmaceutical company developing antibiotics to treat gynecological infections, for $150M. Link

Zoomcar (2013, Bangalore), online self-drive car rental service provider, launches tech-enabled cycle sharing service PEDL. Link

Precision Camshafts (1992, Solapur), camshaft manufacturer, acquires MEMCO Engineering, for an undisclosed amount. Link

Sanctum Wealth Management partners with Equanimity Investments, venture capital fund, to help clients in investing in early stage start-ups. Link

GLOBAL ROUNDUP

Lalamove (2013, Hong Kong), on-demand logistics service provider , raises $100M in funding from undisclosed investors. Link

eShares (2012, Palo Alto), cap table management platform, raises $42M in Series C round of funding led by Menlo Ventures and Social Capital. Link

Open-Xchange (2005, Nuremberg), open source software solutions provider, raises $25M in Series C round of funding led by Iris Capital and included eCapital and other investors. Link

Attivo Networks (2011, SF), deception based threat detection solution provider, raises $21M in Series C round of funding led by Trident Capital Cybersecurity. Link

Brilliant (2015, San Mateo), developer of hub for controlling and managing smart home devices, raises $21m in Series A round of funding led by August Capital, with participation from Miramar Ventures, The Box Group, and the Stanford-StartX Fund. Link

Leave a Reply