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


Mirai Tech (2016, Pune), Developer of drones and fuel cells. Founder is ex-KND Aviation and MKU. Local comparables are ideaForge (2007, Mumbai, $13M) and Asteria Aerospace (2010, Gurgaon, $4M). Global comparables are CyPhy Works (2008, Danvers, $32M) and SkySapience (2010,  Yokneam Illit).


PinkBlue (2014, Bangalore), online retailer of dental supplies for healthcare institutions, raises over $776k in pre-Series A round of funding from Orios Venture Partners, with participation from Anupam Mittal, Sakate Khaitan and HNIs. Link

Eduvanz Financing (2016, Mumbai), platform to avail education loans, raises $500k in funding from Blinc Advisors. Link

LIC (1956, Mumbai), state-owned life insurance company, acquires additional 2% stake in Indiabulls Housing Finance (2005, Gurgaon), provider of personal loan for purchasing home,car, for an undisclosed amount. Link

Be U Salons (2016, Delhi), online booking platform for salons, launches India’s first subscription model. Link

Omnivore Partners, Bengaluru based venture capital firm, raises $46M in funding from Sidbi, RBL Bank, Sorenson Impact Foundation, The Rockefeller Foundation, Dutch Good Growth Fund, Ceniarth, and KfW. Link


Japan Taxi (1977, Tokyo), online cab aggregator, raises $69M in funding from Toyota . Link

Everipedia (2014, Los Angeles), crowd sourced online encyclopedia, raises $30M in Series A round of funding led by Galaxy Digital’s EOS.IO Ecosystem Fund. Link

Grove, personalized financial advice provider, raises $2.1M in Seed round of funding led by First Round with participation from Lowercase Capital, SV Angel, Box Group and others. Link

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