A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Algo360 (2016, Mumbai), credit scoring and analytics platform. Founder is ex- Vito, PwC, TCS and alumni of IIM Bangalore. Local comparables are CreditVidya (2012, Mumbai, $7.16M) and Shubhloans (2016, Bangalore, $1.6M). Global comparables are Zestfinance (2009, Los Angeles, $54M) and Demyst (2010, NYC, $16M).
INDIA INTERESTING NEWS
Frontizo Business Service, joint venture between Amazon and the Ashok Patni Group, raises $15M in funding from Zodiac Wealth Advisors, Amazon Asia Pacific Holdings and Zaffre. Link
Kiran Energy (2010, Mumbai), developer and operator of solar farms, raises an undisclosed amount in funding from existing institutional investors. Link
KivaShots (2016, Delhi), ayurvedic healthcare beverages maker, raises an undisclosed amount in funding from Max Life Insurance CEO Rajesh Sud, Max Healthcare MD Rajit Mehta, Ward Ferry Management CIO Vineet Mitera, MindTickle cofounder Mohit Garg, Zomato cofounder Pankaj Chaddha and Startup Buddy cofounder Amit Singal. Link