A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Marax (2016, Bangalore), AI-enabled analytics tool to reduce customer churn rate. Founders are ex-Co-Founder Node0 Labs, Doublefret and Fitsome. Local comparable is MoEngage (2014, Bangalore, $5M).Global comparables are Gainsight (2009, Redwood City, $158M) and Totango (2010, Tel Aviv, $39.4M).
INDIA INTERESTING NEWS
Food Memories (2016, Ahmedabad), online platform for ordering food products, raises an undisclosed amount in Seed round of funding led by Bhavesh Manglani & Suraj Saharan and Darshan Upadhyay & Sanjay Notani. Link
Genie (2015, Chennai), bike-based smart logistics platform for both consumers and businesses, acquires Dinein (2011, Chennai), web platform to order for home delivery from restaurants and grocery stores, for an undisclosed amount. Link
ACV Auctions (2014, Buffalo), B2B marketplace for car leaders, raises $31M in Series C round of funding led by Bessemer Venture Partners, Tribeca Ventures, SoftBank NY and Armory Square Ventures. Link
Quizlet (2005, California), user-generated consumer learning platform, raises $20M in Series B Funding led by Icon Ventures, with participation from Union Square Ventures, Costanoa Ventures, Owl Ventures and Altos Ventures. Link