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

INTERESTING STARTUPS

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

Joveo (2015, Hyderabad), recruitment platform for enterprises, raises $5M in Series A round of funding led by Nexus Venture Partners, with participation from angels. Link

Healthi (2013, Chennai), personalized health checkup services provider at diagnostic centers, raises $3.1M in funding led by Montane Ventures, along with the Piramal family office. Link

Aviom India Housing Finance (2016, Noida), housing finance with focus on semi-urban areas, raises $2.3M in Series A round of funding from Insitor Impact Asia Fund. Link

Tyremarket (2015, Bangalore), online marketplace for buying car and bike tyre, raises $500k in funding from Blackcircles.com’s founder Michael Welch. Link

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

HEAL Institute (2012, Mumbai), physio & rehabilitation service provider, raises an undisclosed amount in funding from Standard Chartered ace banker Jaspal Bindra and Parth Jindal. Link

Propstack (2013, Mumbai), web platform for commercial real-estate information and analytics, raises an undisclosed amount in funding from undisclosed investors. 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

MobiKwik (2009, Gurgaon), mobile wallet, recharge and bill payments app, launches SaaS based corporate solution suite magic. Link

GLOBAL ROUNDUP

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

Mirror, on demand fitness classes provider, raises $13M in funding led by Spark Capital, with participation from Lerer Hippeau Ventures, First Round Capital, BoxGroup and others. Link

CloudBees (2010, Woburn), products based on Jenkins CI, acquires CodeShip (2011, Vienna), continuous delivery service provider, for an undisclosed amount. Link

Rubrik (2014, Palo Alto), De-duplicated storage based converged data management platform, acquires Datos IO (2014, San Jose), NoSQL data backup solution provider, for an undisclosed amount. Link

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