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

INTERESTING STARTUPS

Salestroopz (2016, Bengaluru), AI-enabled lead generation platform. Founders are ex-Saxon Global, Aricent and alumni of Manipal University. Local comparables are  Pipe Candy (2015, Chennai, $1.1M) and Clodura (2016, Pune).Global comparables are InsideSales (2004, Provo, $251M) and EverString (2012, San Mateo, $78.7M).

INDIA INTERESTING NEWS

Nazara Technologies (2000, Mumbai), mobile game developer, raises $51.1M in Series B round of funding led by IIFL Special Opportunities Fund. Link

Befikr (2015, Noida), online portal to book home services, raises around $2M in Series A round of funding from undisclosed investors. Link

Uniphore Systems (2008, Chennai), speech recognition, voice biometrics and virtual assistant solutions provider, raises an undisclosed amount in Series B round of funding led by John Chambers, executive chairman of Cisco Systems. Link

AEON Learning Pvt. Ltd (2010, Bangalore), parent company of Avagmah (2010, Bangalore), online distance learning platform, acquires Acadgild (2014, Bangalore), online professional courses platform offering technical certifications, for $10M. Link

Amazon India (2012, Bangalore), online horizontal marketplace, launches Amazon Saheli to help women entrepreneurs sell products online. Link

GLOBAL ROUNDUP

Uptake (2014, Palo Alto), machine learning enabled predictive platform for multiple industries, raises $117M in Series D round of funding led by Baillie Gifford, with participation from Revolution Growth and GreatPoint Ventures. Link

Farmers Business Network (2014, Davenport), net-hwork based big data analytics platform for farmers to increase productivity, raises $110M in Series D round of funding led by T.Rowe Price and Temasek, with participation from GV, Kleiner Perkins, and Campbell Soup’s Acre Fund. Link

H2O.ai (2011, Mountain View), provider of open source machine learning platform, raises $40M in Series C round of funding led by Wells Fargo and NVIDIA with participation from New York Life, Crane Venture Partners, Nexus Venture Partners, Transamerica Ventures and Aegon Group. Link

Mojio (2012, Vancouver), platform for connected cars, raises $30M in Series B round of funding led by Toronto’s Kensington Capital. Link

Dropbox (2007, SF), cloud-based file sharing and synchronization software provider, acquires Verst (2011, NYC), website publishing and blogging platform, for an undisclosed amount. Link

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