Consumer Internet Industry

1) Cube Consumer Services founded by Satyen Kothari: Mobile banking portal operator Cube Consumer Services Pvt. Ltd, which was launched by the co-founder of online payments company Citrus Pay, Satyen Kothari, secured its first external funding.

2) Nivesh founded by Anurag Garg and Sridhar Srinivasan: Noida-based mutual fund investment platform Nivesh secured a seed round of funding from VCCircle founder PV Sahad, former Head of Investor Relations at Infosys Sandeep Shroff, and Right Global Infosolutions CEO Rahul Gupta. With the raised funds, the startup aims to work with a network of partners across cities and is also looking make the platform available in multiple languages.

3) SimpliLend founded by Puneet Gupta: Delhi-based yet-to-be-launched online lending platform SimpliLend secured an undisclosed amount in an angel funding round from two HNIs based out of Singapore and India. The startup will deploy the funds to ramp up its technology platform.

4) Supr Daily founded by Puneet Kumar and Shreyas Nagdawane: Subscription-based micro delivery startup Supr Daily secured $1.5 million funding from a clutch of Silicon Valley investors – including Y Combinator partners Paul Buchheit and Jared Friedman. The round also saw the participation of Soma Capital, Great Oaks Ventures, 122 West Ventures, and RedMart founder Roger Egan. Supr Daily was a part of Y Combinator’s mentorship programme W’17 batch.

5) Cozee Homes founded Ajay Kumar and Balaji Varadharajan: Bengaluru-based Cozee Homes, a managed home rental platform secured $155K in a seed round of financing from angel investors. The startup funding round was led by Ramaswamy Varadharajan, ex-MD of Gulfspic, Naveen Kumar, Partner, MBM Constructions, and Balan of Udhayam group of hotels. The company will deploy the money raised to continue its expansion into Bengaluru and Chennai, as well as ramp up its offering for home-owners and tenants.

E-commerce Industry

6) SastaSundar founded by BL Mittal: Japan-based pharmaceutical company Rohto Pharmaceutical invested $5 million in online pharmacy SastaSundar Healthbuddy Limited – an Indian startup. With this funding, Rohto will assist SastaSundar in scaling its operations pan-India.

7) Magicpin founded by Anshoo Sharma and Brij Bhushan: The third-biggest Indian startup funding of the week was Magicpin’s $7 million Series B round of funding led by existing investor Lightspeed India Partners, Waterbridge Ventures, and two global family offices. The round also saw participation from Srivatsan Rajan, (Chairman of Bain and Co India) and Sahil Barua (CEO of Delhivery). The startup will deploy the newly raised funds to enhance the product, strengthen the leadership team, and to expand across categories and geographies.

Technology Industry

8) WowFlux founded by Akash Verma: WowFlux is an image processing company based out of New Delhi raised an undisclosed amount of a seed funding from undisclosed investors.

9) LeadSquared founded by Nilesh Patel, Sudhakar Gorti, and Prashant Singh: Silicon Valley-based tech entrepreneur Jyoti Bansal made an undisclosed amount of Pre-Series A investment in Indian startup LeadSquared. The startup is into sales and marketing execution and Bansal is also likely to float a venture fund as well.

Healthcare Industry

10) Collateral Medical founded by Nikhilesh Tiwari: Mumbai-based healthtech startup Collateral Medical raised $3.5 million its Series A round of funding from PE fund, Carpediem Capital. Intellecap’s Investment Banking Group acted as advisors for the deal. The Indian startup will use the raised funds towards scaling distribution capabilities, expansion of its service network, and further enhancing IT infrastructure.

Logistics Industry

11) LoadShare founded by Raghuram Talluri, Tanmoy Karmakar and Rakib Ahmed: Bengaluru-based logistics startup LoadShare raised an undisclosed amount of Pre-Series A funding from Matrix Partners India. The startup funding will be utilized for the expansion of engineering and operations, apart from improving its technology.

Food & Beverage Industry

12) Swiggy founded by Sriharsha Majety, Nandan Reddy and Rahul Jaimini:  The online food delivery startup raised $80 million Series E funding from South African Internet and media conglomerate Naspers. Existing investors Accel India, SAIF Partners, Bessemer Venture Partners, Harmony Partners, and Norwest Venture Partners also participated in the round. The current round pegged the valuation of the Indian startup at about $400 million.

Travel Industry

13) Tripeur founded by Thiagarajan Rajagopalan and Sajit Chacko: Bengaluru-based travel ERP startup Tripeur raised an undisclosed amount of funding from Grace Techno Ventures LLP, Rajul Garg and a few other undisclosed angels. The startup will use the secured funds for product development, ramping up its technology infrastructure and sales and marketing teams.

Beauty & Wellness Industry

14) Adesaa Wellness founded by Samidha Rasaikar, Juned Khan, Amjad Waghu: Indian startup Adesaa Wellness raised an undisclosed amount of funding led by angel investors. The startup plans to use the funds for growth and is planning to hire certified yoga teachers as well as nutritionists.

15) Zooty founded by Shantanu Jha: Mumbai-based beauty service app Zooty raised an undisclosed follow on startup funding round from existing and new ventures.

The post 15 Indian Startups Making News This Week (29 May- 04 June) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1)FtCash founded by Vaibhav Lodha, Deepak Kothari, and Sanjeev Chandak: Mumbai-based mobile payments platform for micro merchants, FTCash secured an undisclosed amount in startup funding in its Pre-Series A round of funding from 500 Startups. Existing investors IvyCap Ventures also participated in the round. The startup will use the raised funds for product development, acquiring new talent and merchant acquisition.

2) BHIVE founded by Shesh Paplikar, Prashant Reddy, Monnappa Bayavanda, Shesh Paplikar, Ravindra M.K., Ravindra M.K and Sridhar Venkataraman: Bengaluru-based coworking space BHIVE Workspace raised $1.2 million in a fresh round of funding led by Blume Ventures, along with investors including actor-director Ramesh Aravind, Meera Reddy (MD of SKCL), and other high-net-worth individuals. The recently raised funds will be utilized to fuel its pan-India and international expansion.

3) Hungry Foal founded by Rishi Kaushik and Vivek Kaushik: Gurugram-based Hungry Foal, a for-profit social venture secured an undisclosed amount of debt from SBI under the Standup India Scheme. With this funding, the company will increase its presence to 1000 stores in next 3 months. To supply to the growing demand, the company will launch its product SKUs targeting the middle and upper middle class.

4) Stockal founded by Sitashwa Srivastava, Vinay Bharathwaj and Rajan K Natarajan: Bengaluru-based investment advisory provider Stockal raised $350K in the second round of angel funding from Mohan Alexander, Vikrant Varshney of SucSEED Venture Partners and New York-based investment banker and portfolio manager Amit Sinha. The raised funds will be used to upgrade the product, penetrate the market further and expand its network of experts.

5) eSahai founded by Hari Bharadwaj: Hyderabad-based ambulance aggregator and medical taxi provider eSahai.in raised $250K in a seed funding. The investment came from Dr. Ramesh Ayyala, professor of ophthalmology and director of glaucoma residency and fellowship programmes at Tulane University in the US, and Satya Muthyala, senior director of enterprise apps, sales, and supply chain at US video game publisher Activision. The Indian startup will deploy the raised funds to increase its medical taxi fleet and add more ambulances onto its platform in addition to spending on marketing and technology.

E-commerce Industry

6) RentOnGo founded by Nikhil Chhabra and Vikash  Jalan: A Bangalore-based online marketplace for renting bikes, electronics and appliances ‘RentOnGo’ secured an undisclosed amount in angel funding from Snapdeal’s chief product officer Anand Chandrasekaran, GSF India founder Rajesh Sawhney, TrendIn head Shiva Pare and Interweave Consulting Partner Kalpana Tatarvati. The company plans to deploy the capital to enter new cities and focus in expanding the bike rentals category by garnering more supply and providing value-added services to customers.

7) Spinny founded by Niraj Singh: Gurugram-based used car marketplace Spinny raised $1 million angel round of funding from Blume Ventures, Indian Angel Network, and FreeCharge co-founders Kunal Shah and Sandeep Tandon. The startup will deploy the funds to reinforce its technology platform and for the expansion of its hubs.

Technology Industry

8) Tagos Design founded by GBS Bindra, Sushant Panda, and Tripat Preet Singh: Bengaluru-based video discovery portal Tagos design raised $2.5 million led by Zee Entertainment Enterprises Ltd, against 12.5% stake. With this deal Zee expects that Tagos platform will help scale up revenues of its OTT business.

9) Riversand Technologies founded by Upen Varanasi and Anil Kini: Master data management company Riversand Technologies secured $35 million in Series A round of funding from Crestline Investors. The company will deploy the newly raised funding to accelerate global expansion and, for further investment, in its disruptive MDM 2.0 (Master Data Management) platform. And, the funding will be used for strengthening its core verticals.

Travel Industry

10) Goomo founded by Varun Gupta: Mumbai-based Goomo Holdings raised $50 million funding from PE firm Emerging India. With this move, Emerging India will pick up a majority stake in the Indian startup. Goomo was formed by the merger of Orbit Corporate and Leisure Tours in November 2015. It was launched in March 2017.

11) Guiddoo founded by Nidhi Varma and  Vineet Budki: Mumbai-based In-destination app brand Guiddoo secured $300K in Pre-Series A round of funding from existing investors Pawan Borle and Nirmal Singh. New Investors including Manish Prasad, Vineet Varma, Nick Haulkoury, and Abhai S. Rao also participated in the round. Guiddoo will use the funds to support product and technology development through their newly opened Technology & Data Unit based in Pune as well as focus on building pan-India distribution for its tours & activities & holidays products.

Health & Fitness Industry

12) MaxMyWealth founded by Vinay Chauhan: London and India-based fintech platform MaxMyWealth secured an undisclosed amount of startup funding from the US-based Global Advisors (Jersey) Ltd and Horseferry. The raised funds will be utilized to build the team, enhance its offering and grow its customer base.

13) Healthbuds founded by Anupam Shukla and Somnath Dasgupta: Kolkata-based healthtech startup Healthbuds secured an undisclosed startup funding from angel investors Arun Patodia and Bharat Kedia. The Indian startup will utilize the funds to upgrade technology, make the platform more robust, and implement digital marketing strategies.

14) WayForward founded by Ritvik Singh, Navya Singh and Stan Miroshnikov: Mental healthcare solutions provider wayForward secured $1 million in seed funding from a group of individual investors. The startup will utilize the funds to build its technology and the US sales team.

15) Growfitter founded by Sanmati Pande: Mumbai-based health and fitness discovery platform Growfitter raised $600K in a Pre-Series A round of funding led by San Francisco-based VC SQue Capital. With this round, Karan Chellani, Partner SQue Capital will join the Board of the company and Mukesh Makhija, the Managing Partner of Grace Capital Venture, will join Growfitter as an Advisor. The company will use the raised funds towards enhancing its technology infrastructure.

16) Stratfit founded by Daniel McKee:  Indian startup Bodhtree Consulting Limited (BCL) invested $232K in Stratfit Technologies Pvt. Ltd – a New York-based fitness technology platform via FundPitch funding platform. The investment is done through changeable debentures at a valuation of $12.4 million. With the raised funds, Stratfit plans to expand its presence in the US and other international markets.

17) Multiplier Solutions founded by Vikram Kumar: Hyderabad-based healthtech startup Multiplier Solutions raised $1.5 million led by Norwest Venture Partners. The startup works with hospitals diagnostics chains, clinics. It offers a product platform to integrate artificial intelligence and machine learning for improved diagnostics as well as calculating clinical outcomes.

18) ABI Health founded by Balaji Sundarajan and Ajit Veerappan:  Bengaluru-based healthtech startup ABI Health raised $1.5 million led by Norwest Venture Partners.  It is an image management cloud software provider and works on a SaaS-based revenue model.

Finance Industry

19) GyanDhan founded by Jainesh Sinha and Ankit Mehra: Chennai’s Sundaram Finance Group (SFG) made an equity investment in Indian startup GyanDhan, a Delhi-based overseas education loan payment platform. With the raised funds, GyanDhan targets to invest in building data science capabilities in the education loans market.

20) ZipLoan founded by Shalabh Singhal and Kshitij Puri: Online lending platform ZipLoan, which is operated by Delhi-based Blue Jay Finlease Ltd., secured $650K in its Pre-Series A funding round from WaterBridge Ventures. The startup will deploy these funds to further develop its credit scoring capabilities, enhance automation in their sourcing/ monitoring processes, expand to new cities and strengthen their team.

21) Loanmeet founded by Sunil Kumar: Mumbai-based digital lending platform Loanmeet secured an undisclosed amount of funding from Chinese financiers and entrepreneurs Cao Yibin and Huang Wei, and MadhuSudan, CEO of KrazyBee plans to use the funds to an aggressive expansion of its customer base.

22) Market Pulse founded by Hiral Jain and Amit dhakad: Mumbai-based fintech startup Market Pulse raises an undisclosed amount of seed funding led by Lead Angels Network and Chatur Ideas platform. The company plans to utilize the funding to expand its product analysis to other financial markets and build a strong technical team.

The post 22 Indian Startups Making News This Week (05 June- 11 June) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Ola founded by Bhavish Aggarwal: Cab-hailing firm Ola, operated by ANI Technologies Pvt. Ltd, secured $50 million from New York-based hedge fund Tekne Capital Management LLC Earlier, in May 2017, Ola raised $104 million from RNT Capital and US-based hedge fund Falcon Edge Capital.

2) LendingKart founded by Harshvardhan Lunia and Mukul Sachan: Ahmedabad-based SME lending startup Lendingkart Finance Limited raised $7.7 million debt funding from YES Bank. The Indian startup will deploy the raised funds to further expand its reach to SMEs operating in Tier 3 and below cities facing a lack of formal credit facilities.

3) VanityCask founded by Tarun Joshi: VanityCask secured an undisclosed amount in seed funding from Singapore-based angel and venture capital firm RB Investments. The startup funding will be deployed to cover its fixed costs and logistics and advertising spend.

4) EazyDiner founded by Vir Sanghvi: Cricketer Yuvraj Singh financed an undisclosed amount in Indian startup EazyDiner an online restaurant reservation platform via his VC fund YouWeCan. With this move, Yuvraj will also be the brand ambassador of the app.

5) PortDesk founded by Pushpit Pallav: Noida-headquartered integrated maritime solutions company PortDesk raised $2 million in a Seed funding round led by Alphard Maritime Group, a Singapore-based maritime services company. The company will utilize the funds to strengthen its tech capabilities and to expand its global footprint.

6) MoneyTap founded by Bala Parthasarathy, Anuj Kacker, and Kunal Varma: Consumer lending startup MoneyTap secured $12.3 million funding from Sequoia India. Existing investors New Enterprise Associates and Prime Venture Partners also participated in the startup funding round. The startup will deploy the recently raised funds to drive the expansion of its app-based consumer credit line in India. The funds will help strengthen leadership position by improving credit accessibility for other segments of customers.

E-commerce Industry

7) Shopmatic founded by en Ti Lim, Anurag Avula, and Kris Chen: Indian startup Shopmatic raised $5.7 million in Series A round of funding from tech-focussed VC firm ACP Pte Ltd. The round also saw participation from Singapore-based fund Spring Seeds Capital Pte Ltd. As a part of the startup funding round, Sameer Narula, ACP Managing Partner joined Shopmatic’s board.

8) Goodbox founded by Abey Zachariah, Mayank Bidawatka, Anand Kelaginamani, Nithin Chandra, Mohit Maheshwari, Charan Shetty, and Mahesh Herle: Bengaluru-based m-commerce app Goodbox raised $1 million in Series A round of funding led by Nexus Venture Partners and Mekin Maheshwari, founder of Udhyam.org and former Chief People Officer at e-commerce firm Flipkart.

Technology Industry

9) Boxx.ai founded by Ajay Kashyap, Prakhar Raj, and Shitiz Bansal: Bengaluru-based artificial intelligence-backed analytics startup Boxx.ai raised $500K funding led by Unicorn India Ventures. Angel investors Venky Krishnakumar (former COO and CFO, Citibank APAC); Suresh Shankar (Founder and CEO, CrayonData); and Vivek Bhargava (CEO, DAN Performance Group) also participated in this round. The startup funding will be used to upgrade its technology and algorithms platforms and to expand the product portfolio.

10) HyperTrack founded by Kashyap Deorah and Tapan Pandita: US and India-based HyperTrack secured an undisclosed amount in Series A round of funding from Nexus Venture Partners and Founders Fund. With the funding, Naren Gupta of Nexus Venture Partners has joined the HyperTrack Board which already has Ashish Gupta, co-founder of Helion Venture Partners.

11) Goodera founded by Abhishek Humbad and Richa Bajpai: Bengaluru-based Goodera (formerly NextGen), a CSR and sustainability management platform raised $5.5 million Series A round of funding led by Nexus Venture Partners and Omidyar Network. Former Head of Global Operations at Airbnb, Varsha Rao, also participated in the startup funding round. With this move, Naren Gupta, co-founder of Nexus Venture Partners will join the Goodera Board.

Healthcare Industry

12) PeeSafe.in founded by Vikas Bagaria and Srijana Bagaria: Redcliffe Hygiene Pvt. Ltd, which manufactures toilet seat sanitizer spray PeeSafe, secured $1 million in pre-Series A funding from a clutch of investors including Mumbai-based Venture Catalysts, Detroit- and Mumbai-based Alfa Capital, Green Shots Capital and Real Time Ventures. The funding will be utilized to expand the product line of the parent company Redcliffe Hygiene and to expand to global markets starting with the US, Europe, Middle East, and Southeast Asia.

13) Healthintel founded by Sameer Bhalla, Jay Karkar, and Aseem Sharma: Delhi-based healthtech startup Healthintel Services raised an undisclosed amount of growth capital from BLIP Initiatives. The Indian startup is merging its presence in Uttar Pradesh and Delhi NCR. It also has strategies to expand to Haryana, Punjab, and Gujarat.

Hotel Industry

14) Vista Rooms founded by Ankita Sheth, Pranav Maheshwari and Amit Damani: Mumbai-based budget hotel aggregator Vista Rooms secured $776K in Pre-Series A round of funding led by some prominent names in the Indian startup ecosystem such as seed-stage investor Artha India Ventures, Singularity Holdings, online startup funding platform LetsVenture, Google India head Rajan Anandan, Freshworks CEO Girish Mathrubootham and Singapore Angel Network. The funds will be utilized to run the fully-managed property business of the venture along with ramping up the technology team and marketing.

Insurance Industry

15) CoverFox founded by Devendra Rane, and Varun Dua: Mumbai-based online insurance brokerage platform Coverfox secured $15 million in Series C round from US insurer Transamerica, along with the participation of existing investors. Coverfox’s existing investors include SAIF Partners, Accel India and Catamaran Ventures­, the family office of Infosys co-founder, NR Narayana Murthy.

16) Digit founded by Vijay Kumar, V Philip, Jasleen Kaur, Sandeep Komaravelly, and Sriram Shankar: Bengaluru-based tech-driven insurance startup Digit raised an undisclosed amount of funding from Canadian billionaire Prem Watsa’s Fairfax Holdings, which has partnered with former Allianz executive Kamesh Goyal for the venture.

Fintech Industry

17) Fincash founded by Gaurav Perti: Mumbai-based fintech startup Fincash secured an undisclosed amount in startup funding from a number of industry stalwarts and HNI investors. Fincash.com focuses on the money market space in India for retail investors. Till date, Fincash has raised $100K in angel funding deployed towards team expansion and technology. The angel investors include names like Mohammed Khan (founder of Rediffusion), Sameer Narayan (ex- Fund Manager BNP Paribas), and couple of other industry stalwarts from financial services.

Food Industry

18) MrNeeds founded by Hitashi Garg, Ravi Wadhwa, Ravi Verma, and Yogesh Garg: Noida-based daily needs micro delivery startup MrNeeds secured $500K in Pre-Series A funding from a clutch of investors. The startup funding will be utilized to expand its operations to other parts of Delhi-NCR region, including Dwarka, Indirapuram, and Gurugram.

Education Industry

19) Edgefx founded by Kamini Gupta: Hyderabad-based Edtech startup Edgefx secured an undisclosed amount in a bridge funding round led by international angel network Cross Border Angels & Experts, Rajasthan Angel Innovators Network, and The Chennai Angels. The company funding will be used for international expansion, upgrading the company’s product portfolio, and making crucial hires in marketing.

The post 19 Indian Startups Making News This Week (12 June- 18 June) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Insider.in founded by Shreyas Srinivasan: Vijay Shekhar Sharma-led mobile wallet firm Paytm is in talks to invest up to $30 million for a majority stake in Mumbai-based curated events platform Insider.in.

2) OneAssist founded by Subrat Pani, and Gagan Maini: Mumbai-based startup OneAssist secured $18 million in Series C round of funding from Sequoia Capital, Lightspeed Ventures, and New York-based insurance provider Assurant. New investor Moonstone Investments also participated in the round. The company will deploy the newly raised funds for enhancing technology, service and focus on customer experience.

3) Kissht founded by Krishnan Vishwanathan: Fintech startup Kissht has raised $2 million from early-stage technology-focused fund Endiya Partners and Ventureast. Kissht app provides collateral-free loans to users.

4) Explore Life traveling founded by Vikram Kumar: Bangalore- based a Local homes booking platform, Explore Life traveling secured $500K in a seed funding led by Mekin Maheshwari, Bharat Vijay, Krish Seshadri, and Amar Arsikere.

5) VoxWeb founded by Yash Mishra: Mumbai-based social networking platform VoxWeb Pvt. Ltd secured $1 million in its third round of external funding from a clutch of undisclosed individual investors. The fresh capital will be used to strengthen its backend technology infrastructure, besides adding innovative and engaging front-end features. It will also use a part of the money to scale up marketing efforts and increase its user base.

E-commerce Industry

6) ForeverShop founded by Martin Tan, Shathyan Raja and Li Chong: Bangalore- and Beijing-based Team Leaf Software Pvt. Ltd—which runs ForeverShop, a mobile platform connecting individual and small-time sellers with customers secured $300K seed funding from Chinese early stage investor 91maker.com. The company aims to boost customer-to-customer (C2C) e-commerce using the social network, SaaS tools, Big Data and artificial intelligence.

7) Fynd founded by Harsh Shah, Sreeraman MG, Farooq Adam: Mumbai-based e-commerce fashion platform Fynd raised $500K in a follow-on Series A funding round from Silicon Valley-based Rocketship. With the newly raised funds, the startup plans to strengthen its tech backbone, optimize its operations, and further enhance customer offerings as well as strategies.

8) MaxWholesale founded by Samarth Agrawal and Rohit Narang: MaxWholesale, a mobile-based B2B grocery supply chain, has raised $1 million in Pre-Series A round of funding from Indian Angel Network (IAN) and Maple Capital Advisors. The startup will deploy the fresh funds to fuel growth and tech innovation.

Technology Industry

9) Unbxd founded by Pavan Sondur, Prashant Kumar:  Unbxd, a cloud-based product discovery platform for e-commerce, secured $12.5 million in a Series C round of funding led by Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd. The company will use the funds to strengthen its product offering and accelerate its go-to-market play by expanding its sales and marketing team.

10) DarwinBox founded by Jayant Paleti, Chaitanya Peddi, Rohit Chennamaneni: Darwinbox, a human resources software-as-a-service startup, has raised $4 million in a series-A round of funding from Lightspeed India Partners, the India-dedicated fund of California-based Lightspeed Venture Partners. The company plans to leverage the new infusion of capital for product innovation and market expansion.

11) Fabulyst founded by Raj Parakh: Fabulyst Pvt. Ltd, which operates an artificial intelligence-based platform emulating a personal stylist, secured $216K in seed funding from iB Hubs, a launchpad-cum-accelerator for startups. The startup will utilize the funds for technology ramp-up, global customer acquisition, and product development.

12) mSwipe founded by Manish Patel: Mswipe Technologies, a Mumbai-based independent merchant acquirer and network provider, raised $31 million in Series D funding. UC-RNT fund, a joint venture between Ratan Tata’s RNT Associates and University of California along with existing investors Matrix Partners India, Falcon Edge Capital, and DSG Consumer Partners participated in the round. The company will use the funds to develop a network of merchants accepting digital payments in the country.

13) Julia Computing founded by Viral Shah, Deepak Vinchhi, Keno Fischer, Stefan Karpinski, Alan Edelman, and Jeff Bezanson: Bengaluru-based Julia Computing, the creator of open source programming language Julia, has raised $4.6 Mn in another round of funding. The startup’s funding was led by US-based General Catalyst and Founder Collective.

Healthcare Industry

14) Grow Fit founded by Krishnan Ganesh and Meena Ganesh: Bengaluru-based healthtech startup Grow Fit secured $4.5 million in Series A round of funding led by Manipal Education and Medical Group (MEMG), the PE arm of Manipal Group. With the freshly raised funds, the startup plans to integrate different sources of data from wearable technology and medical reports.

Food Industry

15) Wegan Foods founded by Kinjal Darukhanawala: Mumbai-based foodtech startup Wegan Foods secured an undisclosed amount of funding from a member of the royal family of Sharjah and Ras Al Khaimah – Her Highness Sheikha Arwa Al Qassimi. The funding will be deployed for scaling the commercial kitchen, inventory, and brand building.

Finance Industry

16) LoanTap founded by Vikas Kumar and Satyam Kumar: LoanTap Financial Technologies Pvt. Ltd, an online platform that offers loans and overdraft products to salaried professionals, raised $4 million in equity and debt from Kae Capital, India Quotient, IFMR, and MAS Financial Services Ltd. The startup plans to deepen its presence in the salaried segment and eventually lend to small and medium-sized businesses with an average loan size of INR 2 lakh by expanding to the top 10 cities of the country.

The post 16 Indian Startups Making News This Week (19 June- 25 June) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) V Resorts founded by Aditi Balbir: Noida-based V Resorts, an asset-light resort management startup has raised $4 million in its third round of funding led by Seedfund and RB International. The company plans to utilize the funding raised to invest in consumer and operator interfaces. There are also plans to double its inventory by the end of this year.

E-commerce Industry

2) Flipkart founded by Binny Bansal‎, and ‎Sachin Bansal: South African Internet and media conglomerate Naspers has invested an additional $71 million in Flipkart. This investment takes its holdings in the company to 16.5%. Naspers had first invested in Flipkart in 2012 during its Series D round and then in its $1 billion Series G round raised in July 2014.

3) Spares Hub founded by Tapas Gupta and Arijit Chakraborty: Pune-based Iradium Automobiles Private Limited, which owns SparesHub.com, secured an undisclosed amount in Pre-Series A round of funding led by Hyderabad Angels and Singapore-based M&S Partners. The company will use the funds to expand its operations, improve technology infrastructure and enroll more participants in its marketplace.

Technology Industry

4) Hug Innovations founded by Raj Neravati: Hyderabad-based HUG Innovations secured $5 million in Series A funding round during a live instant funding event organized by TiE Hyderabad – The Guardian Angel. The round was led by Mohit Srivastav (NRI Startup India), Kishore Ganji (Angel Investor), Venkat Vallabhaneni (Parampara Capital), and Rajeev Menon (Anthill). The newly raised fund will be used to develop four different application areas including fitness, virtual reality, industrial automation, and drones.

5) Formcept founded by Suresh Srinivasan and Anuj Kumar: Data analytics startup, FORMCEPT Technologies and Solutions Pvt. Ltd secured an undisclosed amount of Series A funding from VC fund GVFL (Gujarat Venture Finance Ltd). The startup will use the newly raised funds to accelerate global growth.

6) Quantta Analytics founded by Ritesh Bawri: Data analytics startup Quantta Analytics has raised an undisclosed amount of funding in its Pre-Series A round of funding from undisclosed entrepreneurs and investors from India and Silicon Valley. The company will deploy the funding in enhancing its tech stack, strengthening the core technology team, and expanding its presence across various cities in India. Also, the startup is in the process of setting up Quantta Labs in Silicon Valley.

7) ZineOne founded by Debjani Deb, Manish Malhotra, and Arnab Mukherjee: Hyderabad-based data analytics startup Zino secured $2.5 million funding led by Hyderabad Angels. New York Seed Angels and a few HNI’s also participated in this funding round. The startup funding will be deployed to strengthen its offering in the fields of streaming analytics and machine-learning models.

8) Baadshah founded by Madhav Gupta, Rajat Mukesh Gulati, Rahul Khetrapal and Balakrishna Panduranga Nayak: OceanKing Software Solutions LLP, the Mumbai-based company that owns and operates online gaming startup Baadshah Gaming secured an undisclosed amount of funding from Casino Pride against a 30% stake in the company. As part of the deal, the Indian startup will launch its ‘Baadshah Gaming Live’ property at Casino Pride.

9) Tagos Design founded by GBS Bindra, Sushant Panda, and Tripat Preet Singh: Bengaluru-based in-video discovery platform Tagos Design Innovations Pvt. Ltd secured $5 million Series A round of funding with participation from a leading venture capital fund and two large global corporations. The name of the investors are undisclosed. Zee Entertainment is an investor in the Indian startup.

Fintech Industry

10) Stashfin founded by Tushar Aggarwal: Delhi-based fintech startup Stashfin secured $5 million Pre-Series A funding from Snow Leopard Ventures and Singapore-based Alto Partners. Snow Leopard Ventures is the VC arm of the Kirloskar Group. Other investors in the startup include Vibhav Dhawan and Praveen Malhotra, managing partners at executive search firm Positive Moves, Avendus Capital founder Ranu Vora, commodities trading firm Trafigura’s chief executive Raoul Bajaj, and senior executives from KKR.

11) ZingHR founded by Prasad Rajappan: Bhavin Turakhia-backed fintech startup Zeta invested an undisclosed amount in ZingHR, a Chennai-based cloud services provider. With this move, India startup ZingHR will now offer Zeta’s digital employee benefits solutions such as meal vouchers, paperless claims for medical, LTA, fuel, mobile and so on. This deal will promote reinforce equity infusion along with existing investors Triton.

12) Rubique founded by Manavjeet Singh and Sandeep Nambiar: Mumbai-based fintech startup Rubique raised $3 million in a bridge round of funding from existing investor Kalaari Capital and Udayan Goyal, Managing Partner at Apis Partners. Earlier, Rubique also raised about $3 million in funding from Kalaari Capital, YourNest Angel Fund, Globvestor & Dexter Angel Circle, and Globevestor.

Sports Industry

13) Time of Sports founded by Yashraj Singh: Delhi-based Sports Company specializing in sports consultancy service secured an undisclosed amount of funding led by Sandeep Arya Chairman and Managing Director of Amtrak Technologies Pvt Ltd, Presto Infosolutions Pvt Ltd, and Sanvei Overseas Pvt Ltd. The Indian startup will invest the raised funds in expanding the existing Sports Consultancy Leg of the company and to develop a sports mobile app to reach 100 million school kids and their parents. Also, a part of the funding will be deployed to launch the World’s Largest STEM Based Technology Challenge – F1 in Schools™ in India.

Health and Fitness Industry

14) Fitraq founded by Siddharth Rampal, and Rouzbeh Pasha: Delhi-based fitness centre discovery platform Fitraq secured an undisclosed amount of funding in a bridge round from Aparup Sengupta, operating partner at Singapore-based investment firm Capital Square Partners, and Devendra Reddy, a sales and marketing veteran who has previously worked at EXL, WNS Global Services, and HCL. The company will utilize the funds for product development and to penetrate the market.

15) Fitpass founded by Akshay Verma and Arushi Verma: Delhi-based healthtech startup Fitpass raised $1 million from venture fund Shooting Star, backed by Olympic gold medalist and Indian ace shooter, Abhinav Bindra. The startup funding will be utilized to expand the network of gyms and fitness studios on the platform to 10 cities in the next six months.

Food Industry

16) Authenticook founded by Ameya Deshpande: Mumbai-based food startup Authenticook raised $231K from Booking.com. The Indian startup targets to extend its presence to 35-40 cities from current nine cities by the end of 2018. Also, the company plans to break even by 2019.

The post 16 Indian Startups Making News This Week (26 June- 02 July) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Cashify founded by Nakul Kumar and Mandeep Manocha: Gurugram-based pre-used gadgets seller Cashify (formerly known asReGlobe) raised a Series A round from new and existing investors.

2) Billionloans founded by Rangan Varadan: Reliance Capital made an investment of $1 million in Bengaluru-based alternative digital lending startup Billionloans. The seed funding round was routed through its wholly-owned subsidiary Reliance Corporate Advisory Services Limited. With the raised funds, Indian startup Billionloans goals to focus on providing loans to SMEs and to the individuals for affordable housing, education, and personal loans, etc.

3) Mycity4kids founded by Vishal Gupta: Gurgaon-based parenting platform mycity4kids secured an undisclosed amount of a seed round of funding from undisclosed investors.

4) Clip App founded by Nav Agrawal: Bengaluru-based digital media video startup Clip App raised $1 million in an angel round of funding from India Quotient and Chinese investment firm Shunwei Capital. The startup will use the recently raised capital to enhance features for the video only app.

5) UrbanClap founded by Abhiraj Bhal: The biggest Indian startup funding of this week was raised by urbanclap-startup fundingGurugram-based mobile services marketplace UrbanClap. The startup secured $21 million Series C funding from Internet investment fund Vy Capital. Existing investors SAIF Partners, Accel Partner, Bessemer Venture Partners also participated in the round. The startup will use the recently raised funds ‘to expand to more cities, invest in technology, and add new vendors.

6) Refabd founded by Rahul Varma, Vineeth Kumar and Durai Gowardhan: Bengaluru-based pre-used home appliances and furniture seller Refabd raised $92.5K in seed funding from Athamus Venture. The startup will deploy the funds to expand its team and to grow to four more cities. Refabd presently operates only in Bengaluru.

E-commerce Industry

7) Droom founded by Sandeep Aggarwal: Gurugram-based startup Droom, an automobile marketplace raised $20 million Series C round from Integrated Asset Management and Japan’s Digital Garage. The round also saw participation from existing institutional investors including Lightbox Ventures, BEENEXT, Beenos. Apart from this, a number of prominent institutional investors and family offices from China, Hong Kong, and Taiwan participated in the round.

8) Moglix founded by Rahul Garg: B2B e-commerce startup Moglix secured $12 million Series B funding making it the third largest Indian startup funding of this week. With this round, the total amount of funding raised by Moglix stands at $18 million. The round saw participation from International Finance Corporation (IFC) and Rocketship. Existing investors Accel Partners, Jungle Ventures, Shailesh Rao (ex-VP Twitter & Google), and Venture Highway advised by Neeraj Arora of WhatsApp also participated in the round. The startup will deploy the newly raised funds to support the demand for its robust technology solution in the supply chain and manufacturing domain. Apart from this, the funds will be utilized for infrastructure growth and geographical expansion plans.

9) Timesaverz founded by Lovnish Bhatia and Debadutta Upadhyaya: Mumbai-based online home services marketplace Timesaverz secured $1 million from media conglomerate Bennett, Coleman, and Co. Ltd (BCCL), in an Ad for equity deal.

Technology Industry

10) Ecolibriumenergy founded by Chintan Soni and Harit Soni: Indian startup Ecolibrium Energy raised $2.6 million in funding from Infuse Ventures Inc, JLL Technology Ventures, and an anonymous angel investor. The investment will be deployed to expand the company’s international presence and also enhance customer engagement. A portion of the newly-raised funds will go into developing advanced deep machine learning algorithms to ensure the better performance of electrical equipment.

11) Minjar founded by Vijay Rayapati: Bengaluru-based cloud computing startup Minjar raised an undisclosed amount of funding in a round from Blume Ventures. The round also saw participation from early-stage funds Contrarian Capital and Emergent Ventures. Individual investors include Pallav Nadhani, founder of FusionCharts; Ashish Gupta, co-founder Helion Ventures; Indus Khaitan of SirionLabs, and Sharad Sharma of iSPIRT. The startup funding will be used in scaling up its US-based business operations and in reinforcement product R&D.

12) ZanDeal founded by Lucy Meihan Lin and Ming Chou: ZanDeal, a stealth-mode Sino-Indian online marketing analytics startup raised $150K from US-based investor Sean Chan. The company will deploy the capital to develop its tech and for marketing initiatives so that it can accelerate the process to launch its services by the end of July.

Food & Beverage Industry

13) Jumbotail founded by Ashish Jhina and Karthik Venkateswaran: Food and grocery wholesale marketplace Jumbotail secured $8.5 million Series A funding from Kalaari Capital and Nexus Venture Partners. Nexus had previously invested $2 million in Jumbotail. The company plans to use the funds for building technologies and enhance operational capabilities.

Finance Industry

14) Upwardly founded by Prateek Mehta, Prithvi Raj Tejavath, Shashank Agrawal, and Vivek Agarwal:  Bengaluru-based financial services startup Upwardly.in raised an undisclosed amount of a seed round of funding from led by Sreeram Iyer of ANZ Bank, Suvo Sarkar of Emirates NBD, and Anita Gupta of Emirates NBD and Likemind Ventures. The startup will deploy the funds to expand services, develop its platform to provide holistic advisory, build technology, and augment the team.

The post 14 Indian Startups Making News This Week (03 July- 09 July) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Design Café founded by Gita Ramanan and Shezaan Bhojani: Design Cafe, an online interior design company secured a multi-million-dollar round of funding from Fireside Ventures founded by Kanwaljit Singh, former managing director of Helion Ventures. The startup plans to deploy the raised funds to expand to other cities, including Mumbai and Delhi.

E-commerce Industry

2) Chumbak founded by Subhra Chadda: Bengaluru-based lifestyle brand Chumbak raised $1.2 million in debt funding. The startup will utilize the funds to meet its working capital requirements and to expand its stores. Earlier, in November 2016, it also raised an equity funding from Bengaluru-based private equity firm Gaja Capital’s Partner Narayan Ramachandran.

Technology Industry

3) Autorox.co founded by Vijay Gummadi and Venu Donepudi: Hyderabad-based Smart Auto Systems Private Ltd, which operates a workshop management software platform for passenger cars, raised $3 million in a Series A funding round from Japanese business conglomerate Mitsui & Co. The company will deploy the funds to ramp up technology and expand its services across the country.

4) Innoviti founded by Rajeev Agrawal: Bengaluru-based fintech start-up Innoviti Payment Solutions raised $18.5 million Series B funding from Singapore-based SBI-FMO Fund. The round also saw participation from Bessemer Venture Partners and existing investor Catamaran Ventures. The company funding will be utilized to aggressively market its uniPAY Next digital payments platform experience to gain customers.

5) Bottr.me founded by Abhimanyu Godara: Chatbot creation tool Bottr.me founded an undisclosed amount of seed funding from 500 Startups, Purvi Capital, Google India’s managing director Rajan Anandan, and Abhishek Gupta from TLabs. The startup will utilize the fresh funds for team expansion and product improvement.

6) Arcatron Mobility founded by Laxmikant Banjarey, Ganesh Sonawane, Dewaj Baruah, and Kunal Kamble: Delhi-based ‘Assisted Living Technology’ startup Arcatron secured an undisclosed funding from Sudhir Mehta, Harish Mehta, and Ketan Dalal from the Indian Angel Network. The company funding will be used for the production launch of Frido, an innovative self-driven shower and commode wheelchair which fits in a suitcase. In addition, the Indian startup will also deploy the funds to set up online and offline sales channels across major cities in India and for the filing of IP for future products like the Frido Lite.

7) Stellapps founded by Venkatesh Seshasayee, and Ranjith Mukundan: Bengaluru-based IoT startup Stellapps secured an undisclosed amount of Series A funding from Blume Ventures, Flipkart Group CEO Binny Bansal, and Venture Highway. Earlier, the startup received an undisclosed amount of funding from venture capital firm Omnivore Partners in 2013.

Health and Wellness Industry

8) Fabogo founded by Prasanjeet Roy, and Mohammad Ali Akmal: Pune-based beauty services and wellness aggregator Fabogo raised $2.25 million from Dubai-based early-stage investor Dunamis Ventures. The Indian startup will deploy the recently-raised funds towards reinforcement technology and to increase its user base. The remaining amount will be utilized for geographical expansion.

Digital Media Industry

9) Flickstree founded by Saurabh Singh, Nagender Sangra, and Rahul Jain: Former Indian Cricketer Sourav Ganguly financed an undisclosed amount in Flickstree, a Mumbai-based, curated video platform. Apart from Ganguly, the startup funding round also saw participation from Venture Catalysts, Anirban Aditya & Ankit Aditya (Aditya Group, Kolkata), and Moksh Sports Ventures. The Indian startup has over 20+ categories that users can currently follow.

10) Charlie Chatter Adrian Marafioti and Ruchir Punjabi: Bengaluru-based full-service digital-first agency Langoor made an undisclosed investment in Charlie Chatter – a TV Chat application. The patented technology controls secure overlay messaging and notifications to different displays via its server, providing real-time and relevant content to viewers on demand. Using this technology, the Charlie Chatter TV Chat application creates a fun, immersive, and pleasing experience for people in their homes when they are watching and chatting about their favorite TV shows with their friends.

Logistics Industry

11) VDeliver founded by Chaitanya Reddy, Srinivas Madhavam, and Prashant Patalay: Indian startup VDeliver secured an undisclosed amount in a Pre-Series A funding round from Corvus Ventures and Mumbai-based MAPE Advisory Group. Sify Technologies co-founder R. Ramaraj and Managing Director of Microsoft India (R&D) Pvt. Ltd Anil Bhansali also participated in the startup funding round. The Hyderabad-based company will utilize the investment to develop new products and services as well as to support its present portfolio.

Real Estate Industry

12) QwikSpec founded by Ajith Alexander: Bengaluru-based construction site operations and analytics platform QwikSpec secured $540K in a Pre-Series A funding round from Brigade Innovations LLP. TV Mohandas Pai, Asset Builders Director Suhail Rahman, Bobby Reddy of Indus Group, and UAE-based private investor M George Oommen also participated in this round. The Indian startup will deploy the funds to reinforce its technology infrastructure, business development, and customer acquisition initiatives.

Education Industry

13) EduGorilla founded by Rohit Manglik: Lucknow-based edtech startup EduGorilla raised an undisclosed amount of funding from London and Dubai-based investors. The startup funding will be used for business development, strengthening the core technology team, and expanding its presence across various cities in India. The Indian startup is eyeing expansion in three states namely Uttar Pradesh, Haryana and Delhi.

Food & Beverage Industry

14) Blue Tokai founded by Matt Chitharanjan, and Namrata Asthana: Delhi-based specialty coffee e-tailer Blue Tokai Coffee Roasters secured a bridge round of funding from one of its undisclosed existing investors. The startup targets to deliver handpicked brands from all over the country to coffee lovers of India.

15) Foom founded by Lokesh Bevara: Bengaluru-based startup for drinks Foom raised $46K in seed funding led by a Delhi-based investor. The company would be investing major part from the funds for its subscription-based app ‘Foom App.’ The service is currently available in more than 40 resto-bars and pubs in Bengaluru.

Fintech Industry

16) Open founded by Anish Achuthan and Mabel Chacko: PayU India CEO Amrish Rau and Managing Director Jitendra Gupta together invested $250K in Bengaluru-based fintech startup Open. The Indian startup is set to offer digital banking, bookkeeping, invoicing and other services to micro-entrepreneurs. The startup funding will be utilized for branding and expansion of the 12-member team.

The post 16 Indian Startups Making News This Week (10 July- 16 July) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

The growing ubiquity of the Internet and social media has given rise to new ways of information sharing and communication. The effect can be positive as well as negative.

To achieve the best results with your campaigns, you need to target the channels most suitable to your audience, your industry, and your goals.

This Infographic details the pros and cons of social media marketing channels for a better understanding of how to build a relationship with your audience on social media.

The post [INFOGRAPHIC]- The Pros & Cons of Social Media appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Ambee founded by Jaimon Jose and Rohit Kumar: Hyderabad-based ambulance aggregator startup Ambee secured a seed round of funding to expand its business. The investment was from Uber Technologies Inc, Ahmedabad-based early-stage investor Amaya Capital LLP, a domestic family office and some angel investors.

2) AirCTO founded by Atif Haider: AirCTO, a human and artificial intelligence powered recruitment platform secured an undisclosed amount in angel investment from former Nokia director Francesco Cara. The startup plans to invest the seed capital in building an AI chatbot to help human resource departments automate the initial screening process. In addition, the company is also planning to spend considerably on expanding its sales and marketing teams.

3) FableStreet founded by Ayushi Gudwani: Delhi-based FableStreet, a premium work-wear brand, secured an angel round of funding from angel investors — Kanwaljit Singh (MD, Fireside Ventures), Harmeet Bajaj (founding member, NIFT), Pameela P (Senior Director, Unilever), Fusiontech Ventures and others. The company aims to use the money to scale up operations and its team. It will also open international shipping and pilot a concept store model, FS Studio.

4) Savarochi: IBahn Illumination Pvt. Ltd. secured its first institutional round of funding from undisclosed investors. The company markets its home lighting products under the Savarochi brand.

E-commerce Industry

5) Rentomojo founded by Ajay Nain and Geetansh Bamania: Bengaluru-based consumer leasing startup RentoMojo raised $10 million in Series B round of funding led by Bain Capital Ventures and Renaud Laplanche. Existing investors Accel Partners and IDG Ventures also participated in the round. With this move, Salil Deshpande (MD at Bain Capital Ventures) and Renaud Laplanche will join the RentoMojo board. The company will utilize the freshly raised capital to further strengthen the product and finish building a stellar leadership team. It will also use the capital to expand into new categories and geographies.

6) Brick2Wall founded by Nishant Garg: A Delhi-based online marketplace for sourcing construction material and hiring construction related services secured $200K in its angel round of funding from a series of angel investors. Investors include Lazada founder Sundeep Sahni; Mayank Mittal, VP at Germany-based Bank, Wazoku founder Simon Hill and a few other high-net worth individuals. The startup will utilize the funds for technology upgradations increasing customer reach and developing new business lines in Delhi NCR.

Technology Industry

7) Increff founded by Romil Jain, Rajul Jain, Nirmal Jain, and Anshuman Agarwal: Bengaluru-based supply chain startup Increff raised $2 million in a funding round from Sequoia Capital. Warehouse management company Grey Orange Robotics and other angel investors also participated in the round. Other investors that joined the round were CareerNet co-founders Rishi Das and Anshuman Das; PremjiInvest’s Rajesh Ramaiah; and Jasbir Juneja, Director of research and advisory firm RedSeer Consulting. The funds will be utilized to expand Increff’s customer base and product portfolio. A portion of the funding will also go into hiring new people for the technology team.

8) MobiQuest founded by Vineet Narang: Noida-based startup MobiQuest Mobile Technologies secured an undisclosed amount of funding from digital wallet Paytm. The investment was focused on MobiQuest’s loyalty platform m’loyal. Through m’loyal, online sellers on Paytm will be able to design customized, multichannel, loyalty programs which will allow them to retain and engage their consumer base, thereby generating more business.

Gaming Industry

9) Hypernova Interactive founded by Mayur Bhimjiyani and Huzaifa Arab: Bengaluru-based online gaming startup Hypernova Interactive raised an undisclosed amount of seed funding from Kae Capital. The funding happens to be Kae Capital’s first deal in the gaming category. With the raised funds, the Hypernova Interactive team goals to build an Esports ecosystem for mobile. The online gaming startup also plans to scale their current games in markets like China and the US.

E-learning Industry

10) PlayAblo founded by Dheeraj Sharma: Bengaluru-based gamified learning solutions provider PlayAblo raised $600K from ABI-Showatech (India) Ltd. The ed-tech startup will deploy the capital to upgrade its technology platform and optimize product development initiatives, besides investing in infrastructure to increase sales.

Fintech Industry

11) Monsoon CrediTech founded by Ashwini Anand: Monsoon CreditTech, a fintech startup raised an undisclosed amount of funding from marquee investors. The investors include independent angel investors Sunil Kalra and Aditya Singh, former senior Microsoft executive Rishi Srivastava, and Rajan Anandan.

12) Trupay founded by Rahul Gochhwal, Vivek Lohcheb, and Narender Kumar: Gurugram-based fintech startup, Trupay has launched a mobile payment app, based on Unified Payment Interface (UPI). It claims to be India’s first private sector company in India to do so. RBI, in unification with the National Payments Corporation of India (NPCI), recently launched the UPI payments platform in India.

13) Vayana Network founded by Ramaswamy Iyer and H Srikrishnan: Pune-based financing network for businesses and trade partners, trade Fintech Company Vayana Network, raised about $4 million Series A round of funding from venture capital firms IDG Ventures India and Jungle Ventures. The startup will use the freshly raised funds to further reinforce its B2B trade financing network both in India and abroad.

Food & Beverage Industry

14) RainCan founded by Mahendra Singh and Abhijeet Kumar: Pune-based subscription services startup for delivery of fresh and fragile items RainCan raised $272K in Pre-Series A round of funding from Prabodh Agarwal, group CFO, IIFL Holdings Ltd., and existing investor Dr. Aniruddha Malpani. The Indian startup plans to deploy the funds to expand its delivery operation centers and set up a logistics platform to facilitate deliveries at a low cost.

15) MonkeyBox founded by Sanjay Rao: MonkeyBox, which provides nutritious food to school children in Bengaluru, raised an undisclosed amount in its Pre-Series A round of funding from Blume Ventures, NB Ventures, Nspira, and some angel investors. The Indian startup will deploy the raised funds for expansion, marketing campaigns, and to hire more employees.

Insurance Industry

16) Ideal Insurance founded by Rahul Mohan: Kolkata-headquartered Ideal Insurance Brokers raised an undisclosed amount from Xelpmoc at a valuation of $15.54 million. The funding is directed to promote its online platform 121policy. The company expects to sell 10K policies a month over the next 3 years. The platform plans to add a motor, life, and other products in the coming months.

Home Services Industry

17) Flytta founded by Gokulavasan Murali and Rahul Kanuganti: Hyderabad-based online relocation platform Flytta raised an undisclosed amount in a seed funding round from Corvus Ventures. The startup will use the funds to form alliances with more corporates and create targeted relocation offerings.

The post 17 Indian Startups Making News This Week (17 July- 23 July) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Noticeboard founded by Vishal Gahlaut, Vishesh Dahinwal and Sarath Chandran: Bengaluru-based staff communication platform Noticeboard secured $1.2 million in a funding round from Stellaris Venture Partners, BlackBuck founder Rajesh Yabaji, and Jayant Kadambi, co-founder of digital advertising company YuMe. With this venture, Alok Goyal, Partner at Stellaris Venture Partners, will join Noticeboard’s Board of Directors. The startup funding will be used to reinforce the design team, and to develop new products & technologies.

2) Creator’s Gurukul founded by Abhinav Tandon: Yuvraj Singh financed an undisclosed amount in Delhi-based coworking startup Creator’s Gurukul. He has also come onboard as a partner and brand ambassador for the Indian startup.

3) Thinkerbell Labs founded by Aman Srivastava, Saif Shaikh, Dilip Ramesh and Sanskriti Dawle: Bengaluru-based assistive tech and edtech startup Thinkerbell Labs secured $202K from Indian Angel Network’s Rajesh Navaneetham, Manjunath Nayak, and Anand Mahindra, Chairman and MD at Mahindra Group. Rajesh Navaneetham will sit on the board of ThinkerBell Labs representing IAN. The Indian startup will deploy the funds to run pilots in the UK, setting up a product, sales and content teams.

E-commerce Industry

4) 1mg founded by Sameer Maheshwari and Prashant Tandon: 1mg, the Gurugram-based healthtech startup raised $15 million in Series C round of funding The new funds were powered in by HBM Healthcare Investments along with existing investors Sequoia India, Maverick Capital Ventures, Omidyar Network, and Kae Capital. With the freshly raised funds, the 1mg team aims to further expand its online diagnostics and consultation services in India, specifically in smaller towns and cities. A part of the funding will be used in building new lines of business, introducing corporate wellness offerings for their workforce, outpatients’ insurance assistance for insurance companies, and patient support and loyalty programmes with pharma companies.

Technology Industry

5) Jhakaas founded by Jeetendra Sanjeeva and Bharat Mandot: Mumbai-based technology platform Jhakaas raised an undisclosed amount led by US-based investor Amen Dhyllon. The startup funding will be used for technological improvement and upgradation of the application and expansion of the network throughout India.

Education Industry

6) BYJU’S founded by Byju Raveendran: Bengaluru-based edtech startup BYJU’S secured $40 million in funding from China-based Tencent Holdings Limited. This latest round of funding will help BYJU’S accelerate product development for new markets and allow inorganic growth through acquisitions.

Hotel Industry

7) FabHotels founded by Adarsh Manpuria and Vaibhav Aggarwal: Budget hotels brand FabHotels secured $25 million in a Series B round of funding from Goldman Sachs and existing investor Accel Partners. The company will utilize the newly-raised funds from Goldman Sachs to double the number of hotel rooms on its platforms. It is also looking to reinforce its presence in select cities.

Beauty Service Industry

8) BigStylist founded by Anurag Srivastava, Chinmaya Sharma and Richa Singh: Mumbai-based beauty services marketplace BigStylist raised $1.2 million in a new funding round from Info Edge. The startup funding has been raised via compulsorily convertible debentures (CCD). With the newly-secured funding, the Indian startup is looking to set up shop in Delhi NCR and is also hoping to break even in the two cities it currently operates in, Mumbai and Pune.

Fitness Industry

9) Gympik founded by Ajay Pandey and Amaresh Ojha: Gympik.com, an online marketplace for discovering fitness centers and gyms, secured $1 million in funding from existing investor RoundGlass Partners. The startup funding will be utilized to expand its operations network to five more Tier II cities and to build up its technology team.

Advertising Industry

10) Fork Media founded by Samar Verma and Upen Rai: Agnus Capital, the family office of promoters of pharma firm Strides Group invested an undisclosed amount in incubatee firm Fork Media.

The post 10 Indian Startups Making News This Week (24 July- 31 July) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Zepo founded by Nitin Purswani: Although a small ticket size funding, it was an important Indian startup funding of the week. Mumbai-based DIY e-commerce platform Zepo raised $501K led by LetsVenture and FreeCharge co-founder Kunal Shah. People Group founder and CEO Anupam Mittal and Hetal Sonpal, former Head of Strategic Alliances at Intel India, also participated in the round.

2) MobiKwik founded by Bipin Preet Singh and Upasana Taku: Gurugram-based digital payments company MobiKwik will be raising $35.2 million from Bajaj Finance Ltd (BFL) by selling 11% stake. Bajaj Finance has entered into a subscription agreement with One MobiKwik Systems. The strategic tie-up with one of the largest non-banks in India will enable MobiKwik to launch India’s first debit and credit wallet. Through this association, Bajaj Finance Ltd will extend credit facilities via MobiKwik’s mobile app catering to the wide customer base of both the companies.

3) STICHIO founded by Vivek Aalok and Rajan Bhuyan: Hyderabad-based social networking platform STICHIO got nominated by Facebook to get incubated in its coveted FBStart programme. As a part of this programme, STICHIO would receive benefits worth $40K.

4) BoxMySpace founded by Pratyush Jalan: Mumbai-based on-demand warehousing startup BoxMySpace secured an undisclosed amount of Pre-Series A round of funding from a group of logistic players and other investors. The startup funding was from R. Jayakumar, (founder & MD, Jayem Group), along with Vaibhav Vohra, (Director, Continental Carriers), Aditya & Rhea Vazirani (Directors, Robinsons Global), AVN Business Solutions, Dreamweaver Investments and Business Solutions and other individual investors. Existing investor Satveer Singh Thakral (Singapore Angel Network) has also participated in the current round. The profits will be utilized for scaling of operation, upgradation of the technology platform and strengthening the back end infrastructure for building the network of warehouses and supporting logistics services across multiple cities.

E-commerce Industry

5) CoutLoot founded by Mahima Kaul and Jasmeet Thind: Delhi-based fashion recommerce platform raised an undisclosed amount in a Pre-Series A round of funding assisted by Venture Catalysts. The funding round was led by investor Anuj Puri and also saw participation from Artha India Ventures, Sidharth Kothari, VCats President Dr. Apoorv Ranjan Sharma, Dheeraj Jain of Redcliffe Capital and others. The startup funding will be deployed towards scaling up, hiring consumer-driven talent and marketing, as well as to build a bigger buyer-seller fashion community in the country.

Technology Industry

6) Touchkin founded by Jo Aggarwal and Ramakant Vempati: Bengaluru-based predictive healthcare startup Touchkin raised $1.3 million in an angel funding round from Kae Capital. A consortium of undisclosed angel investors also participated in Indian startup Touchkin’s latest seed funding round. The startup funding will go into improving Touchkin’s AI chatbot Wysa.

7) Pi Datacenters founded by Kalyan Muppaneni: Andhra Pradesh-based enterprise class data centre and cloud service provider Pi Datacenters secured $90 million in a Series B funding round from existing and new investors. The startup funding will be used to support the second phase of the new Pi Amaravati facility. The company will also be spending a portion of the funding for the proposed construction of data centres in Kochi and Naya Raipur.

8) LimeTray founded by Akhilesh Bali: Delhi-based SaaS solutions provider, LimeTray raised an undisclosed amount of funding from JSW Ventures. The startup funding will be used to further develop the company’s ‘restaurant OS,’ a product suite that was launched in 2015. The startup will also spend funding on expanding LimeTray’s reach in the international market.

Digital Marketing Industry

9) Ethinos founded by Siddharth Hegde: Mumbai-based full-service digital marketing firm Ethinos Digital Marketing Pvt. Ltd raised an undisclosed amount of private equity funding from Triton Investment Advisors.

Education Industry

10) Leverage Edu founded by Akshay Chaturvedi and Rajiv Ganjoo: Delhi-based Leverage Edu, an online platform for higher education services, secured an undisclosed amount of seed funding from a clutch of investors. Angel investors include Kashyap Deorah, founder of HyperTrack; VRL Logistics MD Anand Sankeshwar; Sadashiva NT, the former chief financial officer of Babajobs; and Arjun Mehta, former CFO at American Express India, among others participated in the round. The startup funding will be deployed to grow its nine-member team and invest in product development.

Healthcare Industry

11) Click2Clinic founded by Sujeeth R. Punnam and Murali Bharadwaj: Hyderabad-based healthtech startup Click2Clinic, raised $850K in Seed funding from a group of angel investors in the US and Malaysia. Narottam Thudi and Shireesh Palle, both US-based doctors, participated in the funding. The startup funding will be utilized to reinforce its product offering and expand its services to new markets.

12) Docwise founded by Rahul Gupta and Sarthak Handa: Indian startup Docwise, a doctor consultation platform, secured an undisclosed amount from former Flipkart executives Mekin Maheshwari and Gaurav Bhalotia. A group of other undisclosed investors also participated in this round.

Fintech Industry

13) Lendingkart founded by Harshvardhan Lunia and Mukul Sachan: Ahmedabad-based fintech startup Lendingkart Group raised $10 million debt funding from Aditya Birla Financial Services, Kotak Mahindra Bank, Tata Capital and a few other undisclosed investors. The company will utilize the debt investment to expand the SME lending platform’s presence to more than 700 cities around the country.

The post 13 Indian Startups Making News This Week (1 August-6 August) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) MyForexEye founded by Anand Tandon: Noida-based Forex solutions provider MyForexEye raised $220K in Pre-Series A round of funding from a consortium of high net-worth individuals and senior bankers. The funding will sanction MyForexEye to expand its reach to around 15,000 B2B and 500K B2C customers by the end of 2021.

2) Doodhwala founded by Ebrahim Akbari and Aakash Agarwal: Bengaluru-based e-grocery subscription start-up Doodhwala raised an undisclosed amount in Pre-Series A round of funding from Tom Varkey, a partner at Stonehill Capital, USA. The Indian startup is digitizing milk delivery. It claims to be the first in Bengaluru to provide fresh farm milk directly to houses. This startup has expanded operations to Pune while other cities are in its pipeline. The company targets to be operationally profitable by the end of 2017.

3) StayAbode founded by Viral Chhajer, Devashish Dalmiya and Varun Bhalla: Bengaluru-based, a startup that is building co-living spaces, StayAbode, secured an undisclosed amount of funding from Incubate Fund. The startup will utilize the funds to scale the business by supporting technology and team. The startup presently provides over 260 units spread over five properties across Bengaluru.

4) Ola Cabs founded by Bhavish Aggarwal and Ankit Bhati: Ola secured $36 million in a funding round led by New York-based hedge fund Tekne Private Ventures. Ola is planning for expansion in neighboring countries like Sri Lanka and Bangladesh. Also, the company is also looking for expansion in other countries in Asia and North Africa.

E-commerce Industry

5) Flipkart founded by Binny Bansal and Sachin Bansal: Flipkart raising an undisclosed amount in a round from SoftBank Vision Fund at a valuation of $11.6 billion. Flipkart claims this round to be the biggest round raised by an Indian technology startup.

6) Moong Labs founded by Sai Srinivas Kiran G and Shubham Malhotra: Mumbai-headquartered mobile gaming studio Nazara Games allotted an undisclosed amount of funding in Moong Labs, a developer of 3D simulation games. The two companies earlier entered into a partnership to launch 4D simulation mobile cricket games Virat Super Cricket and Epic Cricket. The freshly raised funding will be consumed on improving Moong Labs’ core game engine and developing realistic simulation cricket games that have a global appeal.

Technology Industry

7) Newcastle Technologies founded by Swaminathan Raman: Chennai-based hospital management software development company, Newcastle raised $243K in an angel funding led by undisclosed tech industry veterans based in India and abroad. The company will deploy the funds to expand its footprint to 1,000 hospitals over the next three to five years.

8) Teknophile founded by Saathwik Yadavalli: Hyderabad-based Teknophile, a technology startup promoted by a team of young students secured $25K in an angel funding from a group of NRIs. Their app, titled ProblemBolo and a social empowerment application, will be launched worldwide for different cities in India, the US and Sri Lanka over the next few months.

Healthcare Industry

9) Curatio founded by Nima Kaviani, Lynda Brown, and Alireza Davoodi- Venture capital firm Sequoia Capital is picking 33.36% stake in Curatio Healthcare Pvt Ltd, a Chennai-based healthcare venture. This would be one among a dozen odd deals by the VC firm in the larger healthcare domain but one among a handful in the products or pharma space.

10) Surgeri Technologies founded by Ziv Tamir and Moti Sholev: Digital healthcare startup, Surgeri Technologies Pvt. Ltd is raising an angel round of funding. The startup funding will be from a group of resident and non-resident Indians.

Logistics Industry

11) Truxapp founded by Manmohan Agarwal: Delhi-based logistic service mobile app Truxapp raised $3.1 million in a Pre-Series A round of funding. Presently, the startup has the pan-India presence, with operations in 150 cities across 21 states. An official statement claims that the company also reached its operational break-even point in 2016.

Agriculture Industry

12) EM3 Agri Services founded by Rohtash Mal and Adwitiya Mal: Noida-based EM3 Agri Services raised $10 million in a Series B funding round from Global Innovation Fund (GIF). The investment will be deployed to expand the startup’s geographical reach, build new technologies, and boost ecosystem capacity.

13) Crofarm founded by Varun Khurana: Gurugram-based agritech startup Crofarm raised $783K in Pre-Series A round of funding led by a clutch of investors. The list included US-based Factor[E] Ventures; Rajan Anandan, VP of Google Southeast Asia and India; and Jitendra Gupta, MD of PayU India. The LetsVenture platform will sanction the startup to gain a stronghold in the country’s initial agricultural technology industry.

The post 13 Indian Startups Making News This Week (7 August-13 August) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Instamojo founded by Sampad Swain: Bengaluru-based micro products and digital payments platform for SMEs, Instamojo secured an undisclosed amount of Pre-Series B funding led by Japanese payments firm AnyPay. The startup funding will be deployed to expand its suite of offerings and introduce e-commerce supporting services such as cataloguing, logistics, shipping and GST compliance assistance.

2) RentOnGo founded by Nikhil Chhabra and Vikas Jalan: Condivision, the parent firm of the Bengaluru-based online marketplace for renting bikes RentOnGo, secured $233K led by TVS Motor Company. TVS acquired a 24% stake in the company against this investment.

3) Redfox Protection Services founded by Rajendra Shekhavat: Ahmedabad-based Red Fox Protection Services Private Limited, a security services company, raised an undisclosed amount of funding from Sunil Rawtani against a minority stake. Sunil also joins as a strategic advisor to the Indian startup.

E-commerce Industry

4) GoZefo founded by Arjit Gupta, Rohit Ramasubramanian, Himesh Joshi and Karan Gupta: Second-hand goods marketplace GoZefo secured an undisclosed amount in a new round of funding.

Technology Industry

5) DeTech Technologies founded by Daniel Raj David: IIT Madras incubated IoT startup DeTect Technologies raised an undisclosed amount of funding led by IIM Ahmedabad’s CIIE, Axilor Ventures, angel network Keiretsu Forum, AJ Ventures and Investments of the Refex Group. The startup funding will be utilized for R&D and expansion to cater to international clients.

6) Simpl founded by Nitya Sharma and Chaitra Chidanand: Mumbai-based payments startup Simpl raised an undisclosed amount in a Series A round of funding from US-based venture fund Green Visor Capital LP II. The startup funding round also saw participation from other investors, including IA Venture Strategies Fund II LP, Boillot Family Trust, Russell M Byrne, The Oliver R. Grace Jr. Millennium Trust, SF Capital Investments LP and DIA Investments LLC.

7) Liv.Ai founded by Subodh Kumar, Sanjeev Kumar and Kishore Mudra: Bengaluru-based artificial intelligence startup Liv.Ai secured an undisclosed amount of funding led by venture capital firm Astarc Ventures. Liv.Ai’s speech-to-text software is being used across e-commerce enterprises and government utilities, besides companies with a consumer interface.

Finance Industry

8) DigiLend founded by Hemang Dattani: Mumbai-based fintech firm DigiLend Analytics & Technology Pvt Ltd secured $312K from InCred Finance and Temasek-owned Fullerton India Credit Company Ltd. The startup funding will be deployed to pilot its product in the personal loan segment.

9) KNAB Finance founded by Mandeep Chaudhary, Vineet Gupta, and Thomas Varghese: Bengaluru-based online lending startup KNAB Finance raised $389K in funding led by InCred and other individual investors including Mindtree executive chairman Krishnakumar Natarajan and Sharjah Islamic Bank’s senior Vice President Ravi Bhardwaj.

Logistics Industry

10) Rivigo founded by Deepak Garg and Gazal Kalra: Gurgaon-based logistics services provider TrucksFirst Services Pvt. Ltd, which operates Rivigo, is in preliminary talks with Softbank for a new round of funding at a valuation of over $1 billion.

Sports Industry

11) Sports Flashes founded by Sanjay Bhattacharya: Times Group invested an undisclosed amount in Delhi-based Sports Flashes, a multi-sports content app. The Indian startup will use the freshly raised funds to expand its audience base with “impactful marketing initiatives.”

The post 11 Indian Startups Making News This Week (14 August- 20 August) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Flochat founded by Prateek Lal: Mumbai-based instant messaging platform Flochat raised an undisclosed amount led by iSquare Global, the venture capital arm of Apex Advisors.  The startup will use the capital to launch its operations in Dubai and for audio and video product development.

2) GoMechanic founded by Amit Bhasin and Kushal Karwa: Delhi-based car repair and automobile servicing startup GoMechanicsecured seed funding from Orios Venture Partners and Dhianu Das, one of the leading angel investor. The startup funding will be utilized for expanding partnerships with car service centers and customer acquisition.

3) Ezetap founded by Abhijit Bose, Bhaktha Keshavachar and Sanjay Swamy: Bengaluru-based mPOS solutions provider Ezetap raised $16 million in a funding round from JS Capital Management, the VC arm of Jonathan Soros. As part of the round, the startup’s existing investors, Social Capital and Hong Kong-based Horizons Ventures, also increased their stake in the digital payments company. The startup will be utilizing the funding to innovate further and expand its payments platform. It is also currently looking to increase its sales and operations across most cities in India as well as overseas. Post the funding round, Salil Seshadri, the Chief Information Officer at JS Capital Management, will be joining Ezetap’s Board.

4) Websites.co.in founded by Kartik Raichura:  Mumbai-based Websites.co.in got selected by social media giant Facebook Inc. for its early-stage startup mentorship programme FbStart. The startup received credits worth $40K and free tools and services from Facebook and its more than 30 partners including Amazon, UserTesting, Dropbox and MailChimp. Besides partners, startups get free access to more than 25 services including open source tools like React Native, FB Login and Account Kit and App Analytics.

E-commerce Industry

5) Rootefy founded by Nitish Gupta and Manish Kishore: Rootefy International Pvt. Ltd, which runs building material megastore rootefy.com, raised $187K in a seed funding from Abhinav Gupta, director at Gurgaon-based real estate firm BNB Group.  The startup will deploy the funds for infrastructure building, product portfolio enhancement, technology development, and team expansion.

6) Bombay Shaving Company founded by Shantanu Deshpande, Raunak Munot, Deepu Panicker and Rohit Jaiswal: Delhi-based male grooming startup Bombay Shaving Company raised $2.3 million in Pre-Series A round of funding from Fireside Ventures. Existing investors S Ramadorai, former CEO at TCS; Pankaj Gupta, supply director at USL Diageo, and senior executives at McKinsey & Co. also participated in the round. The startup will use the newly raised funds to fuel its branding efforts, new product development and expansion into offline sales channels like salons and supermarket chains.

7) Milk Basket founded by Anant Goel, Ashish Goel, Anurag Jain and Yatish Talvadia: Gurugram-based online grocery startup Milkbasket secured an undisclosed amount in a Pre-Series A round of funding led by Blume Ventures. Lenovo Capital and Incubator Group (LCIG) also participated in the round. The startup funding will go into expanding the company’s operations in Gurugram. A portion of the funding will be used to acquire new talents in technology, supply chain, and operations.

8) Inkmonk founded by Isaac John Weasley and Surya Sankar: Chennai-based Inkmonk, an online printing marketplace for customized products secured $750K in an angel round of funding led by VAMM Ventures, which invests in seed and early stage startups. Two Japan-based companies, Raksul and Dena, also participated in the startup funding round. The startup aims at expanding categories from 30 to 100, in the next four months and further increases their marketing activities, with the freshly raised funding.

Technology Industry

9) Uniphore founded by Umesh Sachdev and Ravi Saraogi: Uniphore Software Systems Pvt. Ltd, a Chennai-based speech recognition startup, raised $6.8 million in a Series B round of funding to further business expansion.

10) EasyGov founded by Amit Shukla: Noida-based SaaS startup EasyGov raised an undisclosed amount in angel funding round led by Social Alpha, a Tata Trusts initiative. Other angel investors including Rajan Anandan, Rajeev Ahuja (Navayuga Group), Kshitij Arora and other investors on LetsVenture also participated in the round. The startup funding will be deployed to develop local language support and also use a part of the money towards product enhancement and research and development.

11) Indiez founded by Nitesh Agrawal, Ishan Shrivastava, Archit Kejriwal, and Amrose Birani: Bengaluru-based software development talent platform Indiez raised $500K in an angel funding from veteran investor Haresh Chawla. The startup funding will be deployed to invest the freshly raised funds towards technology and expanding into the US market.

12) Druva founded by Jaspreet Singh, Milind Borate and Ramani Kothandaraman: California and India-based cloud data protection and management firm Druva secured $80million in growth equity funding in a round from Riverwood Capital. The round also saw participation from Sequoia Capital India, Nexus Venture Partners, Tenaya Capital and its existing venture investors. This round gets the total funding raised by Druva to closely $200 million.

13) Crowd4Test founded by Ranganadh Damera: Smart Software Testing Solutions Inc. (SSTS), invested in Crowd4Test, a Bengaluru-based startup building SaaS platform for managed crowd testing and user experience testing. SSTS is a company behind pCloudy.com, one of largest mobile device cloud platform. As part of the arrangement, Avinash Tiwari, Co-founder & Director of SSTS will join the board of Crowd4Test.com.

Education Industry

14) Cerebroz founded by Vijay Kantharia, Nikhil Adroja, Nilesh Suryavanshi, Vikas Tiwari, Sadariya Hiral and Dipika Kher: Vadodara-based ed-tech stratup, Cerebroz Edutree LLP, which manufactures a device with customized educational content, raised $734K in seed funding from Dubai-based high net worth individuals. The startup will use the money to scale up its manufacturing capacity and expand its footprint across Gujarat.

FinTech Industry

15) Capital Float founded by Sashank Rishyasringa and Gaurav Hinduja: Bengaluru-based online SME lending platform Capital Float raised $45 million in Series C round of funding from Silicon Valley-based Ribbit Capital. The round also saw participation from existing investors SAIF Partners, Sequoia India and Creation Investments. It currently has an active loan book of $109 million and plans to grow these assets under management to $234 million.

The post 15 Indian Startups Making News This Week (21 August- 27 August) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Canvera founded by Dr.Dhiraj Kacker and Peeyush Rai: Mumbai-based online classifieds platform Info Edge invested $1.3 million in Canvera Digital Technologies. The transaction was made through a wholly-owned subsidiary, Smart Web Internet Services Limited.

2) DAZL founded by Aditi Chadha and Anu Chadha: Gurugram-based DAZL which builds connected devices for women’s safety secured $100K from SOS Ventures, which runs the HAX Growth program, against a minority stake in the company. The startup has been selected to participate in HAX Growth, an eight-week boot camp for hardware startups based in San Francisco.

3) Mobikon founded by Samir Khadepaun: Pune and Singapore-based restaurant solutions provider Mobikon raised $7 million in a Series B funding round from Sistema Asia Fund, C31 Ventures and Qualgro. Existing investors, Spring Singapore and Jungle Ventures also participated in the startup funding round. The startup will deploy the fund to scale up its operations in India, Southeast Asia, and the Middle East in the next 12-18 months, as well as setting up operations in the UK and Australia by January 2018.

E-commerce Industry

4) FieldAssist founded by Peeyush Jain, Divir Tiwari, and Apurv Gupta: Gurugram-based retail tech startup FieldAssist raised undisclosed funding amount in a successive round of debt funding from SIDBI. The fund will be used for the R&D of introducing AI and ML in the existing FieldAssist platform.

5) Aahaa Stores founded by Asokan Sattanathan: Online office supplies platform Aahaa Stores secured $1 million in pre-series ‘A’ round of funding from investor group from YourNest Angel Fund. The startup plans to use the funds for expanding the business across new verticals and geographies, and also aims to realize its long-term vision by reinforcement its technology platform iPOS, mobilizing top talent and reaching out to new customers across verticals via the funds received.

Technology Industry

6) Sapience Analytics founded by Hemant Joshi, Swati Deodhar, Shirish Deodhar and Madhukar Bhatia: New York and Pune-based People Analytics Solution Company Sapience Analytics secured an undisclosed amount of funding led by Credit Suisse Asset Management’s NEXT Investors. The fund will be mainly utilized to accelerate Sapience Analytics’ expansion into the US market.

7) Snaptrude founded by Altaf Ganihar: Intelligence-enabled 3D rapid modeling solution for real estate projects, Snaptrude raised an undisclosed amount of funding led by Brigade Enterprises Ltd.

8) Medgenome founded by Sam Santhosh: Bengaluru-based genomics research and Diagnostics Company MedGenome raised $30 million in Series C financing from Sequoia India and Sofina s.a. The startup funding round also saw participation from Zodius Capital, Kris Gopalakrishnan of Infosys, and Lakshmi Narayanan, former CEO of Cognizant. The Indian startup will deploy the funds to accelerate development of its affordable diagnostics tests and will hold market penetration by increasing customer awareness on the importance of genetic tests. Also, the funding will be used to broaden biomarker discovery programmes.

Fitness Industry

9) CureFit founded by Ankit Nagori and Mukesh Bansal: Bengaluru-based fitness startup CureFit raised $25 million in Series B round of funding led by existing investors Accel Partners, IDG Ventures, Kalaari Capital and UC-RNT fund. The startup funding will be utilized to expand the company’s geographical footprint in the country and scale-up its business verticals.

Healthcare Industry

10) Doxper founded by Randeep Singh, Pawan Jain, and Shailesh Prithani: Healthtech IoT startup Doxper raised $750K in a Seed round of funding led by Vidal Health and Growx ventures. Other investors who participated in the startup funding round include Capier Investments, Globevestor as well as private individuals in the medical space. The startup funding will be utilized to scale up operations and improve the technology platform.

11) Mfine founded by Ashutosh Lawania and Prasad Kompalli: Mfine, a new on-demand doctor consultation start-up by two former Myntra executives secured $1.5 million from VC firm Stellaris Venture Partners. The company will launch its app in Bengaluru this month. It will offer remote, on-demand consultation with doctors at hospital chains and single hospitals in the city.

12) Medinfi founded by Ravi Shankar Mishra: Bengaluru-based Medinfi Healthcare Pvt Ltd, a platform for searching doctors and hospitals through web and mobile app, secured $100K in an angel round of funding. The startup will utilize the funding to expand its user base to 50 cities in India.

Hotel Industry

13) Treebo Hotels founded by Rahul Chaudhary, Sidharth Gupta and Kadam Jeet Jain: Bengaluru-based budget hotel chain Treebo Hotels raised $34 million in its Series C round of funding led by Hong Kong-based investment firms Ward Ferry Management and Karst Peak Capital. Existing investors SAIF Partners, Matrix Partners India and Bertelsmann India Investments also participated in the funding round of the startup. The startup funding will be deployed in improving customer experience, building a stronger brand, support its technology team and expanding its footprint in existing and new cities.

The post 13 Indian Startups Making News This Week (28 August- 03 September) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Shubh Loans founded by Anand Barua, Monish Anand, Mudit Tyagi, Rahul Sekar and Tushar Patel: Bengaluru-based Datasigns Technologies Pvt. Ltd that runs the fintech platform Shubh Loans secured $1.5 million Pre-Series A funding led by SRI Capital, BeeNext and Pravega Ventures. The startup funding will be to build its technology team and for expansion into 18 new markets. The company is also planning to onboard 1 million customers in formal credit.

2) LendingKart founded by Harshvardhan Lunia and Mukul Sachan: Ahmedabad-based SME lending platform Lendingkart Technologies raised $10.9 million funding round, in the form of equity funds from Sistema Asia Fund, others. Existing investors Bertelsmann India Investment, Mayfield India, Saama Capital, India Quotient and Darrin Capital Management also participated in this round. The fresh funding will allow the company to increase its loan book and strengthen its technology & analytics capabilities. Also, the startup funding will be used to expand reach to the underserved markets.

3) TailsLife founded by Balaji Ramesh: Bengaluru-based pet care startup TailsLife secured an undisclosed amount in a bridge round of funding from existing investor Exfinity Ventures chairman V Balakrishnan. The startup will use the fresh funding to add more value to its services and products line-up. It is also refurbishing its user interface to make the user experience more unified.

E-commerce Industry

4) Power2SME founded by R. Narayan: Gurugram-based Power2SME, a ‘Buying Club’ for SMEs in India raised $10 million in equity funding led by the International Finance Corporation (IFC), the private investment arm of the World Bank. In addition to the investment, IFC will also advise the Indian startup on expanding beyond its current reach in 14 states. The funding will also help Power2SME improve its ability to offer working capital to SMEs by adding more banks as partners.

5) Mamaearth founded by Varun Alagh and Ghazal Alagh: Mamaearth, a baby care products startup, which sells its products only through Amazon India and FirstCry.com secured an undisclosed amount in seed round of funding from Fireside Ventures and some HNIs The fresh funding will be deployed to fund the brand’s innovation pipeline for entering into more categories with safer & healthier products for mother & child starting with the launch of ‘Traditional Recipes’ by Mamaearth a range of wellness solutions for mothers including herb teas & supplements.

6) Seniority founded by Kanchan Tiwari: The venture-capital arm of Indian industrial conglomerate RPG Group invested $1 million in Pune-based Seniority, an e-commerce portal for senior citizens and elderly-care products.  Seniority presently imports most of its 3,000 products. The funding will be utilized to start a private label soon, and there are also plans to manufacture some of the products in-house.

Technology Industry

7) PrimaryIO founded by Lorenzo Salhi: Storage management startup PrimaryIO raised $5.6 million Seed round of funding led by Accel, Exfinity Ventures and Partech Ventures. The Indian startup will deploy the freshly raised funds to expedite its product development efforts. And, also help to accelerate product development to bring innovation to the enterprise IT customers.

8) ORBO founded by Manoj Shinde: Artificial Intelligence (AI) allowed facial technology and computer vision startup ORBO came out of stealth mode and raised an undisclosed amount of funding from Bollywood singers The Meet Brothers (Harmeet Singh & Manmeet Singh) and AJ Ventures.  Part of the funding has gone into retaining and hiring computer vision scientists and deep learning experts.

Hotel Industry

9) OYORooms founded by Ritesh Agarwal: OYO, the Gurgaon-based hospitality platform raised $250 million in Series D round of funding led by SoftBank through SoftBank Vision Fund. Existing investors Lightspeed Ventures, Greenoaks Capital, and Sequoia India participated in this round. Hero Enterprise also joined this round as an investor.

Education Industry

10) NEST Education founded by K.Ravindran: Gurugram-based edtech company, NEST Education (Naandi Education and Support Training) secured $600K in follow-on funding from the Michael and Susan Dell Foundation and Anand Mahindra, Chairman and MD of the Mahindra Group. With this round of funding, the startup aims to grow its outreach to a larger number of students and accomplish its goal of educating 10,000 students by FY 2022.

Travel Industry

11) GoFro founded by Amitabh Misra: GoFro, an online holiday deals marketplace secured $10 million Series B funding from H.I.S. Co. Ltd, along with participation from the existing investor, MakeMyTrip. With the recent round of funding, the online holiday deals marketplace will look to reinforce its technology platform, supply and agent network. Apart from this, the partnership with Japan-based HIS will allow the startup to expand into international markets.

Healthcare Industry

12) OncoStem founded by Manjiri Bakre: OncoStem Diagnostics, an oncology-focused cancer diagnostics startup raised $6 million in a funding round from Sequoia India. Existing investor Artiman Ventures also participated in the startup funding round.  The startup will deploy the funds to deepen its R&D efforts, develop effective tests for oral, brain and colon cancer and automate these tests. Also, the startup will focus to expand its presence across the country and introduce the test in new markets in Asia as well as Europe.

Fintech Industry

13) CreditVidya founded by Rajiv Raj and Abhishek Agarwal: Mumbai-based fintech startup CreditVidya secured $5 million in a round from Matrix Partners India. The Indian startup funding round also saw participation from existing investor Kalaari Capital.

14) AYE Finance founded by Sanjay Sharma and Vikram Jetley: AYE Finance Pvt. Ltd secured $6.9 million in debt financing from Triodos Investment Management, the global impact investment manager and asset management arm of Netherlands-headquartered Triodos Bank. It plans to utilize the money to increase its asset book and bolster expansion plans, AYE Finance said in a statement.

15) EarlySalary founded by Akshay Mehrotra: Pune-based fintech startup EarlySalary raised $782K in a debt financing round from IFMR capital. The newly raised startup funding will offer an impetus for further accelerating the company’s exciting growth plans.

Agri-tech Industry

16) Farmizen founded by Shameek Chakravarty, Sudaakeran Balasubramanian, and Gitanjali Rajamani: Farmizen Solutions Pvt. Ltd, which runs an eponymous organic farming platform, secured an undisclosed amount in an angel round. Investors included venture capital firm Venture Highway, former Canaan Partners managing director and Indifi co-founder Alok Mittal, founders of gaming portal adda52.com Mohit Agarwal and Anuj Gupta, and a few other angels.

The post 16 Indian Startups Making News This Week (04 September-10 September) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) OYO Rooms founded by Ritesh Agarwal: Online Budget hotel booking marketplace OYO secured $10 million from China Lodging Group Limited. The investment is part of a MoU between both the firms to facilitate and strengthen collaboration to build a global hospitality business.

2) Get My Parking founded by Chirag Jain: Cloud-based mobile parking startup Get My Parking raised $3 million in Series A round of funding led by IAN Fund, BEENEXT and Indian Angel Network. The startup will utilize the raised funding to advance their product transformation and business impact.

3) WittyFeed founded by Vinay Singhal, Shashank Vaishnav, and Parveen Singhal: Content marketing platform WittyFeed raised an undisclosed amount of funding in a Pre-Series A round from a group of  marquee investors including Anand Chandrasekaran, former Snapdeal CPO; Apurva Chamaria, VP & Head Corporate Marketing , HCL Technologies; Ritesh Malik, co-founder, Innov8; Ashish Toshniwal , CEO, Y Media Labs; angel investor Ajeet Khurana; Aneil Mahajan, Ex COO, Bhaskar Group; Piyush Goel, founder and CEO Beyond Key Systems; Singapore Angel Network, and Harsh Mani Tripathi, founder Pyoopil Education Technologies. The company plans to deploy the fresh funding to reinforce its technology infrastructure, enhance its distribution platform, as well as for augmenting its product portfolio. The funding will also be used for the expansion of its sales team to dive deep into the content-driven platforms and video making for brands while exploring other domains as well.

4) GlowRoad founded by Sonal Verma: Indian startup GlowRoad, a customer-to-customer (C2C) reseller network, raised $2 million in its Series A round of funding led by Accel Partners. The startup funding will be deployed for scaling up and enhancing the technology.

5) Creator’s Gurukul founded by Abhinav Tandon and Mohammed Sirajuddin: New Delhi-based coworking space provider Creator’s Gurukul raised an undisclosed amount in another round of funding from group of investors. The list includes Rohit Nanda, a well-known banker, and equity investor; Rajit Nanda, CIO of ACWA Power Dubai; Smarak Bhuyan, an investor based out of the Bay Area, California. Apart from this, Sashwat Brahma, Senior Banker and an environmentalist based out of Singapore also participated in this round. The coworking space is looking to open its first centre, a 500-seater space in Gurugram. It will be launching another two centres by the end of this year and total of over 15,000 seats across India in the first 18 months.

6) Wheelstreet founded by Pranay Shrivastava and Moksha Srivastava: Bengaluru-based online bike rental platform wheelstreet raised $120K in Seed funding from Silicon Valley-based startup accelerator Y Combinator. The startup plans to use the fund to expand its presence in more Indian cities, besides establishing its footprint in select South Asian countries.

E-commerce Industry

7) Sattviko founded by Prasoon Gupta: Delhi-based health food startup Sattviko secured an undisclosed amount in Pre-Series A funding round from a bevy of angel investors led by Raman Roy, Chairman of Nasscom. Angels who participated in this round for the foodtech startup include Arvind Uppal, Chairman, Whirlpool; Sonu Bhasin, founder Families and Business (FAB); G Karthik- Partner, Global Holdings; G Ravishankar, former CEO Jet Airways and others.

Technology Industry

8) Tonbo Imaging founded by Arvind Lakshmikumar: Bengaluru-based defence startup Tonbo Imaging secured $17 million in Series B funding from WRV Capital. Qualcomm Ventures and Edelweiss Private Equity also participated in this round. The startup will use the freshly raised capital to scale up international operations and invest in R&D and product development on commercial businesses.

9) Hetrogenous Communications Technologies founded by Anush Gopalan: Chennai-based Machine to Machine integration platform Hetrogenous Communications Technologies secured $779K funding from The Chennai Angels, Keiretsu Forum and other individual investors. With this, the startup aims to fund its ambitious growth plans in remote asset management, industrial automation and IoT.

10) Smaaash founded by Shripal Morakhia: Sachin Tendulkar backed virtual reality gaming and Entertainment Company Smaaash secured $44 million in a round from Edelweiss Group’s non-banking finance unit, ECL Finance. Smaaash has been looking to set up centers in the US and in the Middle East.

Logistics Industry

11) Ecom Express founded by T. A. Krishnan: Delhi-based logistics solution provider Ecom Express secured $30 million from existing investor Warburg Pincus. The investment was done through Warburg Pincus’ unit Eaglebay Investment. Over the next two years, the company will look to expand its reach to 20,000 pin codes covering more near 3,000 towns and cities.

12) Freight Tiger founded by Swapnil Shah: Mumbai-based logistics solutions startup Freight Tiger raised $1.09 million led by Shriram Transport Finance Company Ltd against a 17% stake. The Indian startup operates a mobile app for truck-owners, brokers and logistics companies, helping them increase their truck use and get efficient loads.

Healthcare Industry

13) CallHealth founded by Sandhya Raju and B. Ramalinga Raju: Sachin Tendulkar, badminton player PV Sindhu, her coach and former badminton player Pullela Gopichand capitalized in a $6.2 million funding round in Hyderabad-based healthcare services aggregator startup CallHealth.

14) 3Hcare founded by Ruchi Gupta and Ravinder Pal Malhotra: New Delhi-based healthcare services provider 3Hcare secured $100K in a funding round from undisclosed investors. The startup funding will be deployed to plan their expansion in diagnostics, surgery and boosting medical tourism. The initial focus will be on expanding their collaborations with over 500 hospitals across the country with NABL and JCI accreditation for improving the accessibility in the interest of common people.

Education Industry

15) Unacademy founded by Gaurav Munjal: Bengaluru-based edtech startup Unacademy raised $11.5 million in its Series B round of funding from Sequoia India and SAIF Partners. Existing investors and angels including Nexus Venture Partners and Blume Ventures also participated in the round. The startup funding will be deployed to grow 10X and onboard more than 10,000 educators across the globe in 18 months.

16) XPrep founded by Mukul Rustagi and Bhaswat Agarwal: Delhi-based edtech platform XPrep raised an undisclosed amount of funding from Netherland-based venture fund Rising Stars. The Indian startup funding round also saw participation from Manish Amin (co-founder & CIO – ‎Yatra Online), Pallav Pandey (co-founder Knowlarity, Broex), Chavi Jafa (Head-Business Solutions, S. Asia, Visa) and a group of other angels. The startup will deploy company will use the freshly raised capital to strengthen technology, expand product offerings and fill up key positions in the team.

The post 16 Indian Startups Making News This Week (11 September-17September) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Yatra founded by Sabina Chopra, Dhruv Shringi, and Manish Amin: Mumbai-based venture debt fund InnoVen Capital invested about $15.4 million in online travel company Yatra. InnoVen Capital India had earlier extended a $4 million venture debt facility to Yatra in 2013.

2) GamingMonk founded by Abhay Sharma and Ashwin Haryani: E-sports startup GamingMonk, run by GamingMonk Entertainment Pvt. Ltd, secured an undisclosed amount from venture capital firm AdvantEdge. The startup will use the funds to launch its subscription-based eSports portal, and focusing on organizing online gaming tournaments.

3) 91Springboard founded by Pranay Gupta: Coworking space provider 91springboard secured the funding round from Sandway Investment Ltd, Pearl Brook Holdings, AMA Holdings, Silo Holdings and Al Nour. The coworking space will use the funding for expansion in existing and new markets. This funding takes the total funds raised by the firm to over $20 million.

E-commerce Industry

4) The Moms Co. founded by Mohit Sadaani and Malika Datt Sadani: Amishi Consumer Technologies Pvt. Ltd, which runs pregnancy and baby care products firm The Moms Co., secured $1 million in a Series A round of funding from DSG Consumer Partners and Saama Capital. The startup will deploy the funds to add more products across categories, expand its offline presence, invest in technology, and building the team.

5) Homergize founded by Vinod R. Kaushik: Bengaluru-based services marketplace Homergize secured $1 million in Pre-Series A funding. The Indian startup brings professionals like architects, interior designers, landscape architects and contractors onto a single platform to cater to all construction and remodelling needs of customers and businesses. The startup funding was raised from LG Chandrasekhar, founder and Chairman of medical device company, Sutures India. The funding will be used to improve its technological capabilities, enabling geographical expansion and tapping new service revenue streams.

6) Mamaearth founded by Varun Alagh: Baby and mother care brand, Mamaearth raised $1 million in a funding round from VC firm Fireside Ventures and a few other investors. This marks the company’s second round of funding. The latest investment will go into launching ‘Traditional Recipes’, a new range of wellness solutions for mothers including herbal teas and supplements. The startup will deploy a portion of the financing to add categories with safer & healthier products for babies and mothers and also planning to use the funding to fuel innovation.

Technology Industry

7) Noticeboard founded by Vishesh Dahinwal, Vishal Gahlaut, and Sarath Chandran: Bengaluru-based staff communication platform Noticeboard raised an undisclosed amount of funding from former Myntra CTO Shamik Sharma and TaxiForSure founder Aprameya Radhakrishna. With this funding, Sharma and Radhakrishna will join the company as advisors/mentors.

8) HighRadius founded by Sashi Narahari: Hyderabad-based HighRadius, a player in cloud-based integrated receivables software space, secured $50 million in growth funding from Susquehanna Growth Equity. The company aims to leverage it to grow its global footprint and also expand the team.

9) Ace Turtle founded by Berry Singh, and Nitin Chhabra: Omnichannel web commerce solutions provider, Ace Turtle raised an undisclosed amount of venture debt from InnoVen Capital. The startup funding will be utilized to bolster Ace Turtle’s expansion plans in Southeast Asia, particularly Malaysia and Singapore. The funding will finally enable the Indian startup to develop new omnichannel solutions for brands across the globe.

10) Securonix founded by Sachin Nayyar, and Tanuj Gulati: Cyber-security firm Securonix secured $29 million Series A funding from Volition Capital and Eight Roads Ventures. With this investment, Roger Hurwitz of Volition Capital will be joining the Securonix Board of Directors. The Indian startup will use the funds to accelerate growth and leadership in the user behavior analytics, next-gen security information & event management (SIEM), and log management market spaces. The freshly raised funding will also be used to extend its investment in technology innovation and expansion in domestic and global markets.

11) iauro founded by Nilesh Ratnaparkhi, and Anupam Kulkarni: Pune-based technology product development company iauro Systems Pvt. Ltd secured an undisclosed amount of funding from a seed-stage fund Special Invest. The funding will fuel iauro’s next phase of growth.

12) Typeset founded by Shanu Kumar and Saikiran Chandha: Bengaluru-based consumer SaaS firm Typeset, which provides an academic writing platform for researchers, secured $850K in a Pre-Series A funding round from Haresh Chawla, a partner at True North (previously, India Value Fund), in his personal capacity. The startup funding will be utilized towards expanding the platform features across the research communication workflow. The Indian startup is also in the process of setting up the US entity.

Healthcare Industry

13) HWell24 Plus founded by Jyoti Kumar Singha and Harddik K Patel: HWell24 Plus Healthcare Pvt. Ltd, which operates home healthcare aggregator under the brand HealWell24, secured an angel funding from three high-net-worth individuals. The company will deploy the funds to set up technology, infrastructure, and the team.

Finance Industry

14) Save Solution founded by Ajeet Kumar Singh: Gaya-based rural financial services provider Save Solutions Pvt. Ltd (SAVE) secured $6 million in a series A round of funding from international impact investor Incofin Investment Management. The company plans to use the funds to capitalize and expand its two subsidiaries, operating as non-banking finance companies, which offer loans to small and medium enterprises and microfinance products.

15) Shortlist founded by Paul Breloff and Matt Schnuck: Mumbai-headquartered talent management and recruitment startup Shortlist raised $1 million in an angel funding from the US-based private equity firm University Ventures and Indian angel investor Samir Shah of Sattva Capital. Kenya-based seed fund Zephyr Acorn, global impact investor FARM Ventures, and the US-based investor Bodley Group also participated in the latest funding round. The startup funding will be used to improve its data-driven talent screening product, which automates applicant screening using online competency-based assessments.

Education Industry

16) Chimple founded by Srikanth Talapadi: Bengaluru-based edtech startup Chimple won $1 million funding from Global Learning XPRIZE. The foundation is looking to create scalable solutions to allow children to teach themselves basic reading, writing and arithmetic within 15 months.

The post 16 Indian Startups Making News This Week (18 September-24 September) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Inclov founded by Kalyani Khona and Shankar Srinivasan: Inclov, a matchmaking app for people with disability and health disorders secured an undisclosed amount of Pre-Series A round of funding. The funding round of Indian startup saw participation from angel investors Rajan Anandan, Jamil Khatri, Ravi Iyer, Debjani Ghosh and Quintillion Media’s founder Raghav Bahl. The startup will utilize the funds towards product development and geographical expansion in the coming years.

2) Multibashi founded by Devendra Agarwal, Anuradha Agarwal and Aadesh Jain: Jaipur and Bengaluru-based language learning startup Multibashi secured an undisclosed amount of an angel funding from angel investor Aniruddha Malpani and Startup Oasis. The Indian startup will spend the funding to strengthen its team, scale up the core technology and add new courses.

3) Vogo Automotive founded by Anand Ayyadurai, Padmanabhan Balakrishnan and Sanchit Mittal: Bengaluru based scooter rental startup Vogo Automotive secured an undisclosed amount in a Seed funding round from Murugappa Group. Formula One racer Karan Chandhok, A. V. Thomas Group, Thiagaraja Group and a group of other investors also participated in the round. The startup will use the capital for building its automated technology platform, expanding the technology team and for marketing.

4) Synup founded by Ashwin Ramesh: Digital marketing solutions startup Synup secured $6 million Series A round of funding led by Vertex Ventures also saw participation from existing investor Prime Venture Partners. The startup will deploy the freshly raised funds to expand its sales and marketing efforts as well as accelerate product development.

5) Rapido founded by Pavan Guntupalli, Rishikesh S R and Aravind Sanka: Bengaluru-based bike taxi startup Rapido secured $422K in a new funding round from US-based Battery Road Digital Holdings LLC. Existing investor Astarc Ventures and an undisclosed Indian technology fund also participated in this round.

E-commerce Industry

6) Fashalot founded by Amit Koshal: Gurugram-based Fashalot, a location-based O2O fashion discovery platform, raised an undisclosed amount of Pre-Series A funding from Capillary Technologies and saw participation from Whiteboard Capital and existing investors YourNest Angel Fund, Rajul Garg. The startup funding will be deployed to update its technology, hiring more talent and to scale its user base.

Technology Industry

7) Transerv founded by Sandeep Ghule, Aditya Gupta, and Anish Williams: Goa-based Transerve Technologies, a startup that offers geospatial technology-based SaaS solutions secured $1.6 million Series A funding from IL&FS Investment Managers and Omidyar Network. Transerve was incubated at the Center for Innovation, Incubation and Entrepreneurship (CIIE) – IIM Ahmedabad. This Indian startup is also supported by the Centre for Incubation & Business Acceleration (CIBA), Goa.

8) Pitstop founded by Shiva Bhardwaj: Bengaluru-based car repair and servicing startup Pitstop secured $1 million Series A funding from Blume Ventures and Singapore-based Goldbell Group. Angel investors Anurag Srivastava, Shailesh Rao, Amiya Pathak, Rajesh Yohanan and Rahul Garg also participated in the round. The startup will focus on doorstep services and will invest in adding vehicles. It will also utilize the new funding to develop its technology.

Agriculture Industry

9) CropIn founded by Krishna Kumar: Bengaluru-based agritech startup CropIn secured an undisclosed amount of Pre-Series A funding from Singapore-based Beenext. Existing investors Ankur Capital, Boston-based organization Invested Development also participated in the round.

Finance Industry

10) CrediFiable founded by Presha Paragash: Consumer lending platform CrediFiable raised an undisclosed amount of Seed funding from Kae Capital. The Bengaluru-based company is observing to use the newly-secured Seed funding to increase its monthly disbursal to over $765K.

Food & Beverage Industry

11) TinMen founded by Mukesh Manda: Zomato invested an undisclosed amount in the Hyderabad-based foodtech startup, TinMen. Post this investment, Zomato and TinMen will work together to expand its services, primarily in Hyderabad, and then the rest of the country.

Sport Industry

12) Sportobuddy founded by Sandeep Madhavan and Sunil Kukadia: Sports and fitness discovery portal Sportobuddy raised $1.5 million in a seed round from former IPL team owner Mehul Shah. The startup will deploy the money to push the brand’s digital initiative and reach out to its expanding user-base.

The post 12 Indian Startups Making News This Week (25 September-01 October) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Ola founded by Bhavish Aggarwal and Ankit Bhati: Bengaluru-headquartered cab aggregator Ola secured $2 billion in a fresh funding round from the investment arm of Chinese Internet giant, Tencent. Existing investor, Softbank Group Corp, also participated in the round.

2) CollPoll founded by Hemant Sahal, Siddharth Das, and Sanjeev Gupta: Bengaluru-based CollPoll, a communication and collaboration platform for educational institutes secured $306K in funding led by seed-stage investor Sprout Angels LLP. Other investors who participated in the funding round are Chenraj Jain, Moloy Kumar Bannerjee, and Pallab Bandyopadhyay.

3) PhonePe founded by Rahul Chari, Burzin Engineer and Sameer Nigam: PhonePe Pvt. Ltd, the unified payments interface-based payments app from homegrown e-tailer Flipkart, secured 38.7 million in a fresh round of funding from its Singapore-based group entity, Flipkart Payments Pvt. Ltd.

4) Little Black Book founded by Suchita Salwan: Delhi based online platform for local recommendations and discoveries Little Black Book (LBB) raised $1 million from Blume Ventures, and existing investors – IDG Ventures and IAN. The total investment raised by LBB now stands at $2.5 million. The startup will utilize the funding to scale up the user-base.

5) Drivezy founded by Amit Sahu, Abhishek Mahajan, Hemant Sah, Vasant Verma, and Ashwarya Pratap Singh: P2P car and bike sharing platform Drivezy raised $10 million in part equity and part debt funding. The equity investment totaling $5 million has been made by American and Japanese investors, including Das Capital, Axan Partners, Das Capital and IT Farm. With the launch of its private Initial coin offering (ICO), focussed on the expansion of their peer-to-peer marketplace for cars and bikes. The fund also will be utilized to fast track their expansion into newer markets in India and also globally.

E-commerce Industry

6) Elanic founded by Abhilash Narhari, Palkush Rai Chawla and Aditi Rohan: Bengaluru-based Elanic, a peer to peer platform to sell used fashion clothing online, secured an undisclosed amount of funding from a Tokyo-based incubator and venture capital investor Digital Garage. The funding was routed through DG Incubation, the investment subsidiary of Digital Garage which emphases on investments in Japan and Asia.

7) Zefo founded by Arjit Gupta, Karan Gupta and Himesh Joshi: Bengaluru-based e-commerce portal for used goods, Zefo raised $9.2 million in Series B funding from existing investors Sequoia India, Helion Venture Partners and Singapore-headquartered fund Beenext. The startup will use the newly raised funds to strengthen its core operations including warehousing and logistics. The funds will be used to expand its product and technology team as well as to ramp up its newly launched mobile phones business.

8) Yaantra founded by Jayant Kr. Jha, Ankit Saraf and Anmol Gupta: On-demand mobile repair and refurbishment startup, Yaantra (formerly known as Gadgetwood) secured $3.1 million funding. The recent round of funding took the startup’s total funding to about $10 million.

Technology Industry

9) Oorjan founded by Roli Gupta and Gautam Das: Mumbai-based rooftop solar platform, Oorjan Cleantech raised $450K in seed funding led by Globevestor. A group of senior directors in banks and financial services companies, including Sayandev Chakravartti, Aditya Sharma, Nisha Pillai and Mayur Bhat, also joined the round. The company already has operations in four cities, namely Mumbai, Pune, Bengaluru, and Chennai, and has completed around 70 projects till date.

Fintech Industry

10) Chqbook founded by Vipul Sharma and Rajat Kumar: Gurugram-based fintech startup Chqbook raised an undisclosed amount of funding from YouWeCan-backed Startup Buddy. Apurva Chamaria, Global head of corporate marketing at HCL; Sachin Arora, ex-CTO at Myntra; Bharat Gupta, founder of Net Asset Consulting LLP; and Amit Manocha, a private equity professional based out of Singapore, also participated in the round. The startup will utilize the raised funding to expand to over 50 cities and increase its product portfolio to credit cards and personal loan services.

11) HomeCapital founded by Lalit Menghani: Delhi-based fintech startup which helps home buyers with down payment, HomeCapital raised an undisclosed amount in a Seed funding round from Venture Catalysts. The funding was from VCats angels Anuj Golecha, Apoorv Ranjan Sharma, Gaurav Gandhi and others. The startup plans to use the funds raised to develop its brand, scale up its current infrastructure and enhance its product.

12) SlicePay founded by Deepak Malhotra and Rajan Bajaj: Bengaluru-based fintech startup SlicePay raised $2 million as part of its ongoing Series A funding round. The investment in the Indian startup was led by Japan-based Das Capital, Simile Ventures from Russia and few undisclosed angel investors. Existing investor Blume Ventures also participated in the round. The startup funding will be used to expand in three more cities, as well as make some senior-level hiring.

Agri-tech Industry

13) Farm Taaza founded by Kumar Ramachandran: Bengaluru based B2B agritech startup, Farm Taaza raised $8 million Series A funding in a round led by Epsilon Venture Partners. The round saw participation from IL&FS Investment Managers’ Tara India Fund IV and other angel investors. The startup funding will be deployed for expansion across the southern part of India. The financing will also allow the startup to further develop its tech stack.

The post 13 Indian Startups Making News This Week (02 October- 08 October) appeared first on Delhi School of Internet Marketing- Digital marketing blog.