A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
neuu (2017, Bangalore), marketplace for online interactive yoga sessions. Global comparables are Asana Rebel (2015, Berlin, $6.5M) and Yogaia (2013, Espoo, $3.63M).
INDIA INTERESTING NEWS
Lemon Tree Hotels (2002, Delhi), operator of a chain of hotels and resorts, raises $48M in funding from anchor investors including Scottish investment firm Aberdeen and a New York pension fund ahead of its initial public offering. Link
Auxilo Finserve (2017, Mumbai), NBFC providing education loans, raises $5.7M in funding from Balrampur Chini Mills. Link
Soulfull (2011, Bangalore), manufacturer and distributor of breakfast cereal, instant mixes and ragi grains, raises $5.36M in funding from impact investment fund Aavishkaar Bharat Fund. Link
i2iFunding (2015, Noida), P2P lending platform, raises $766k in funding led by SucSEED Venture Partners, serial entrepreneur and investor Manish Poddar and a group of Angel Investors. Link
Nuo Bank (2018, Mumbai), decentralised crypto banking platform, raises $250k in Seed round of funding from PayU India’s CEO Amrish Rau and MD Jitendra Gupta. Link
PhonePe (2015, Bangalore), UPI based payment app, has secured $79.3M in funding from it’s Singapore based parent entity Flipkart. Link
Infosys invests $1.5M in Waterline Data Science (2013, Mountain View), automated data cataloging in Hadoop and GDPR compliance. Link
GLOBAL ROUNDUP
Tempus (2015, Chicago), oncology platform for sequencing, analytics and informatics, raises $80M in Series D round of funding from New Enterprise Associates and Revolution Growth, as well as new investors Kinship Trust and funds advised by T. Rowe Price. Link
ServiceTitan (2012, Glendale),provider of field service management software for contractors, raises $62M in Series C round of funding led by Battery Ventures. Link
Samsara (2015, SF), IoT gateway & cloud solution to record and analyze machine data, raises $50M in Series D round of funding from Andreessen Horowitz and General Catalyst. Link
Blade (2014, NYC), on-demand helicopter to connect Manhattan with surrounding airport, raises $38M in Series B round of funding from Colony NorthStar and Lerer Hippeau, along with LionTree Ventures. Link
aXpire (2017, NYC), blockchain technology based spend management software company, raises $20M in Series A round of funding from undisclosed investors. Link