A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
ZestIOT (2017, Gurgaon), IoT and AI enabled solutions for asset tracking and passenger management applications in the aviation industry. Founder is Ex- Royal Bank of Scotland and is an alumnus of INSEAD and NIT – Kurukshetra. Global comparables are Cloudleaf (2014, SF, $13M) and CrowdVision (2007, London, Undisclosed). Local comparable is Airport Analytics(2015, Bangalore).
INDIA INTERESTING NEWS
Appario Retail, JV between Amazon and Patni Group, raises $18.8M in funding from Frontizo Business Services. Link
Emerald Media (2015, Mumbai), media & entertainment focused investment arm of KKR, acquires a controlling stake in Cosmos-Maya (2013, Mumbai), animated content provider, for an undisclosed amount. Link
Pepperfry (2011, Mumbai), managed marketplace for furniture and home products, partners with Quikr (2008, Bangalore), online classifieds portal to search, buy/sell/rent items and services, for its furniture exchange program. Link
Unbabel (2013, Lisbon), human-corrected machine translation service provider, raises $23M in Series B round of funding from Microsoft Ventures, Salesforce Ventures, Samsung Next, Scale Venture Partners, Notion Capital, Caixa Capital, and Funders Club. Link
Google (1998, Mountain View), multinational technology company with internet-based products & services, acquires Redux (2013, Cambridge), haptic feedback technology developer for smartphones, tablets, PC, for an undisclosed amount. Link
OurCrowd, Jerusalem, Israel-based global equity crowdfunding platform, launches tech focused global fund, at $100M. Link