A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Techregis Solutions (2017, Ahmedabad), developer of environmental monitoring sensor boxes and smart street lighting systems.Local comparables are UtopiaTech (2017,Mumbai) and Wisys Technologies (2013, Bangalore). Global comparables are Sensity Systems (2010, Sunnyvale, $74M) and Petra Systems (2013, Trento, $54M)
INDIA INTERESTING NEWS
Future Supply Chain Solutions, logistics arm of Future Group, raises $29.6M in funding from HDFC Trustee Co., Reliance Capital Trustee Co. Ltd, L&T Mutual Fund and IDFC Mutual Fund ahead of its IPO. Link
Edelweiss Alternative Asset Advisors Ltd, private debt investment platform of Edelweiss Group, closes real estate fund, at $5B. Link
Anaplan (2006, San Francisco), corporate performance management platform, raises $60M in Series F round of funding led by Premji Invest, along with Salesforce Ventures, Top Tier Capital Partners and other existing investors. Link
Nexenta (2005, Santa Clara), software-defined storage solution provider, raises $20M in funding led by SoftBank Corp., with participation from Javelin Venture Partners, SV Booth Investments, SAB Capital, Lake Trail Capital, TRB Equity, and Tarkan Maner. Link