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).


Backpackerpanda (2015, Pune), chain of backpackers hostels, raises $1.4M in Series A round of funding from 3737 North Capital. Link

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

Nazara Technologies (2000, Mumbai), mobile games developer, raises an undisclosed amount in funding from Electronic Sports League. 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

Travelyaari (2007, Bangalore), real time bus tickets booking service provider, launches latest mobility solution app ‘Maven’. Link

Menza (2016, Ahmedabad), electric vehicle developer, launches customisable e-bike Lucat. Link


E-Leather (2005, Peterborough), high tech leather maker, raises $95M in funding led by ETF Partners in partnership with funds managed by Hermes GPE. Link

Goat (2015, Los Angeles), marketplace to buy and sell sneakers, raises $60M in Series C round of funding from Index Ventures and merges with FlightClub (2009, NYC), one-stop sneaker destination. Link

Tilray (2010, Nanaimo), medical cannabis research, cultivation, processing and distribution company, raises $60M in Series A round of funding from undisclosed investors. 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

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