A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
WOW Parenting (2016, Pune), Online platform offering parenting content and videos. Founder is also co-Founder Life School. Local comparables are India Parenting (1999, Mumbai, $4.97M) and Momspresso (2010, Gurgaon, $4M). Global comparables are BabyCenter (1997, San Francisco, $10M) and Mommy Nearest (2013, New York City, $2.5M).
INDIA INTERESTING NEWS
HealthifyMe (2012, Bangalore), online fitness tracker and marketplace for fitness coaches, raises $12M in Series B round of funding from led by Sistema Asia Fund, Samsung NEXT, Atlas Asset Management, Japan based Dream Incubator, along with IDG Ventures India, Inventus Capital, Blume Ventures and Dubai based NB Ventures. Link
MedTel (2016, Bhubaneswar), developer of software and hardware solutions for telemedicine, raises an undisclosed amount in pre-Series A round of funding led by a programme jointly run by the British and Indian governments. Link
AnotherBrain (2017, Paris), embedded artificial intelligence solution provider, raises $13.5M in funding from Alpha Intelligence Capital, Daphni, Global Founders Capital, Cathay Capital and Aglae Venture. Link
Honest Buildings (2012, New York City), cloud-based project management and procurement platform, raises additional $8M in Series B round of funding led by Oxford Properties Group, The Durst Organization and DivcoWest Real Estate Investments. Link
AT&T (1876, Dallas), mobile, fixed telephone, internet and TV service provider, acquires FiberTower Corporation (2000, SF), provider of spectrum and fixed wireless services, for an undisclosed amount. Link
Visa (1958, Foster City), provider of alternative payment platform, placing targeted promotions around transactions, acquires Fraedom (1999, London), cloud based expense/payment management solution provider, for an undisclosed amount. Link