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


Reio Bikes (2016, Chennai), Developer of electric bicycles. Founders are ex-Goodwin engineering and TVS. Local comparables are LightSpeed Bikes (2016, Ahmedabad, $147K) and Volta Motors (2015,Chennai, $100K). Global comparables are TSINOVA (2014, Beijing, $29.3M) and Faraday Bicycles (2012, SF, $3.96M).


Lendingkart (2014, Ahmedabad), online platform that provides working capital for SMBs, raises $87M in Series C round of funding led by Fullerton Financial and others. Link

IMAX program (2009, Bangalore), personalized learning materials, educational tools and services provider, raises $13.5M in Series B round of funding from Michael & Susan Dell Foundation, LGT Impact Ventures and existing investor Aspada. Link

Ola (2011, Bangalore), app-based asset-light cab operator, invests $62M in it’s newly acquired food delivery arm FoodPanda India (2012, Delhi), online food ordering and delivery from restaurants. Link

Wydr (2015, Gurgaon), mobile first marketplace for wholesale transactions, raises an undisclosed amount in Series A round of funding from existing investors. Link

Zamroo (2015, Noida), online second hand listings platform, raises an undisclosed amount in Seed round of funding from RDS Bawa, ex Group CFO of Network18. Link

ePaylater (2016, Mumbai), checkout platform offering pay later option to users, partners with FidyPay (2017, Indore), micro digital payment service provider, to provide float wallet recharge to merchants. Link


Instacart (2012, SF), marketplace for same-day grocery delivery, raises $200M in Series E round of funding led by Coatue Management with participation from Glade Brook Capital Partners and existing investors. Link

XebiaLabs (2008, Boston), application release automation, raises $100M in Series B round of funding led by Susquehanna Growth Equity and Accel. Link

YapStone (1999, Walnut Creek), payment gateway provider, raises $70M in Series C round of funding led by Premji Invest with participation from Mastercard, Accel and Meritech Capital Partners. Link

DataVisor (2013, Santa Clara), big data analytics based fraud detection, raises $40M in Series C round of  funding led by Sequoia China, with participation from New Enterprise Associates and GSR Ventures. Link

Stash (2015, NYC), micro investment app, raises $37.5M in Series D round of funding led by Union Square Ventures, with participation from Breyer Capital, Coatue Management, Entree Capital, Goodwater Capital and Valar Ventures. Link

Outdoorsy (2014, SF), first fully insured peer-to-peer marketplace, raises $25M in Series B round of funding led by Aviva Ventures and Altos Ventures, with participation from Tandem Capital and Autotech Ventures. Link

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