A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Sofocle Technologies (2016, Noida), blockchain based smart contract and supply chain solutions provider.Founder is ex-Prolitus Technologies and alumni of ICFAI University. Local comparables are QzIP (2017,Noida) and Chainflux (2017, Bangalore). Global comparables are InstaSupply (2014, London, $1.5M) and trakti.com (2013, Trento).
INDIA INTERESTING NEWS
ADIA, Abu-Dhabi based sovereign wealth fund, acquires a minority stake in KKR India Financial Services, for an undisclosed amount. Link
Contentful (2011, Berlin), content management platform API for web and mobile apps, raises $28M in Series C round of funding led by General Catalyst Partners, with participation from Benchmark Capital, Balderton Capital, and Point Nine Capital. Link
Simplus (2014, Sandy), salesforce implementation & consulting firm, raises $9.3M in Series B round of funding led by Epic Ventures with participation from existing investor Salesforce Ventures, newcomer Cross Creek Advisors, and others. Link
United Ventures, Italy-based venture capital firm, launches second tech venture fund; holds first close at $87.3M. Link