A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
Systronika (2017, Delhi), Manufacturer of unmanned systems for security applications. Founder is Ex-DHL, Cairnserve, GE Capital and alumni of Lancaster University. Local comparable is ideaForge (2007, Mumbai, $13M). Global comparables are CyPhy Works(2008, Danvers, $32M) and Aeronautics Group (1997, Yavne, $28M).
INDIA INTERESTING NEWS
Shape India (2015, Pune), physical education and sports training provider for school kids, raises $200k in pre-Series A round of funding from a group of investors led by Sandeep Mathur, former managing director of business software and hardware firm Oracle India Pvt. Ltd. Link
Paisabazaar (2009, Gurgaon), online loan comparison platform, partners with Microsoft(1975, Seattle), multinational computer software developer, to bring in chatbots, voice analytics, image recognition and machine learning abilities for its consumers. Link
Icertis (2009, Seattle), cloud based contract management solutions provider, raises $50M in Series D round of funding led by Meritech Capital Partners, along with PSP Growth and Cross Creek Advisors. Link
B Capital Group, Singapore based venture capital firm, closes digital technology fund, at $360M. Link