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


Clearfunds (2016, Mumbai), platform to invest in direct mutual fund plans. Founders are ex-Jefferies, Reliance Equities International,Macquarie Group and Credit Suisse.Local comparables are Coin (2010, Bangalore) and Invezta (2015, Mumbai). Global comparables are Aspiration (2013, Los Angeles, 67M) and Swanest (2014, London, 814k).


Samunnati (2014, Chennai), provider of a range of innovative financial products & services, raises $23.1M in Series C round of funding led by responsAbility Investments AG, with participation from existing investors Accel Partners and Elevar Equity. Link

Orb Energy (2006, Bangalore), installer of water heaters and solar products, raises $14.6M in Series B round of funding from FMO, Overseas Private Investment Corporation, African finance institution Pamiga and Germany’s development finance institution DEG. Link

NiYO Solutions (2015, Bangalore), employee benefits solution provider, raises $13.2M in Series A round of funding from Social Capital, JS Capital Llc, Horizon Ventures and Prime Ventures India. Link

IndianMoney (2008, Bangalore), web based platform for financial advice, raises $3M in Series A round of funding from Sri Capital & others. Link

Kinsane Entertainment (2017, Mumbai), entertainment & education content provider for kids, raises $2.5M in Angel round of funding from an undisclosed consortium of angel investors. Link

Bikxie (2015, Gurgaon), app to book bike taxis, raises $315k in funding from GEMs Partners and Sachin Khandelwal. Link

Satvacart (2014, Gurgaon), online grocery store, raises an undisclosed amount in pre-Series A round of funding from Keshu Dubey, the founder of startup database platform Xeler8, and Shishir Kumar, a former top executive at security solutions firm Symantec India. Link

ReNew Power (2011, Gurgaon), renewable energy developer, raises $352M via two NCDs . Link

Lendingkart Finance (2014, Ahmedabad), subsidiary of Lendingkart, raises $4.6M via NCDs from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV. Link

GolfLan (2013, Delhi), online subscription based golf tee-time packages and booking software for golf courses, acquires Golf Centra, for an undisclosed amount. Link

PhonePe (2015, Bangalore), UPI based payment app, partners with FreeCharge (2010, Mumbai), prepaid wallet and bill payment app, to allow customers access to PhonePe merchants. Link

ICICI Bank (1994, Mumbai), provider of banking services, partners with Ola (2011, Bangalore), app-based asset-light cab operator, to provide micro credit to Ola users. Link


DTT (1999, Los Angeles), video-based surveillance & loss prevention service provider for hospitality and retail industries, raises $80M in Debt round of funding led by Administrative Agent, Capital One and CapitalSource. Link

Alkami (2007, Plano), online & mobile banking solutions provider, raises $70M in Series D round of funding led by General Atlantic, with participation from MissionOG, S3 Ventures and Argonaut Private Equity. Link

Igloo Software (2008, Kitchener), provider of digital workplace solutions, raises $47M in funding from Frontier Capital. Link

Red Points (2011, Barcelona), brand protection and anti piracy solution provider, raises $12M in Series B round of funding led by Northzone with participation from previous investors Mangrove and Sabadell Venture Capital. Link

Sonoma Brands, Sonoma-based growth equity firm, closes its second fund, at $60M. Link

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