A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Fulassure (2017, Bengaluru), platform enabling predictive maintenance for industrial IOT solutions. Founder is ex-Nokia Siemens network, Founder Institute and alumni of IIM Bangalore. Local comparables are Covacsis (2009, Mumbai, $452K) and Zasti (2017, Chennai).Global comparables are Augury (2012, Haifa, $24M) and Predikto (2012, Atlanta,$7.6M).
INDIA INTERESTING NEWS
NestAway (2014, Bangalore), marketplace for furnished shared rentals, raises $50M in Series D round of funding from UC-RNT Fund, an investment vehicle sponsored by Tata Sons chairman emeritus Ratan Tata and the University of California. Link
Graphic India (2011, Bangalore), character-based entertainment content provider, raises $5M in Series A round of funding from Liquid Comics with participation from Start Media LLC, 3One4 Capital, Julian Farrior, co-founder of Backflip Studios Inc., and Neeraj Bhargava, founder of Zodius Capital. Link
Holachef (2014, Mumbai), online curated marketplace for chef prepared meals, raises $1.3M in Series B round of funding from individual investors and and corporate entities, including Rajasthan-based software publishing and consultancy firm IPI Technolab Pvt. Ltd. and Innoven Capital. Link
Aaptiv (2016, NYC), audio-based fitness app, raises $38M in Series A and Series B both round of funding from led by Insight Venture Partners, along with existing investors Arena Ventures, Pear Ventures and Switch VC. Link
Canatu (2004, Helsinki), developer of transparent conductive films & touch sensors using carbon nanomaterial, raises $13.96M in funding from Denso Corporation and Ascend Capital Partners as well as existing investor Faurecia. Link
Edgewater, Chicago-based private equity firm, closes fourth growth fund at over $1B. Link