A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
VideoTap (2016, Noida), Cloud-based interactive smart video platform, Founder is Ex-COO ITV Network, CEO Network18 & Pugmarks and alumnus of Harvard Business School. Global comparables are Viewbix (2011, Beit Shemesh, $6.1M) and Rapt Media (2011, Boulder, $4.23M).
INDIA INTERESTING NEWS
Travel Triangle (2010, Noida), Marketplace for traveler-agent communication for customized trip planning, raises $12M in Series C funding from Fundamentum, SAIF Partners, Bessemer Venture Partners, RB investments. Link
LoanZen (2015, Bangalore), Unsecured working capital loans platform, raises an undisclosed round of funding from Kae Capital. Link
Cycle Pure (1948, Mysore), Incense sticks brand, raises undisclosed amount of funding from Motilal Oswal Private Equity Investment Advisors Pvt. Ltd. Link
Mahindra Electric (1994, Bangalore), Manufacturer of Electric cars and commercial vans, partners with ZoomCar (2013, Bangalore), Online self-drive car rental service provider, to offer 100 electric vehicle ‘e20 plus’ on the Zoomcar platform in Delhi. Link
PayPal (1998, San Jose), Internet payment services provider, partners With Inc42 (2013, Delhi), Niche content production and digital publishing, to enable freelancers to leverage the global opportunity. Link
ICICI Venture, Mumbai-based venture capital & private equity, raises third real estate fund, at $77M. Link
GLOBAL ROUNDUP
Knotel (2015, NYC), Managed co-working space for startups, raises $70M in Series B funding from Newmark Knight Frank, The Sapir Organization, The Wolfson Group, The Moinian Group, and Wainbridge Capital. Link
The Access Group (1991, London), ERP solution provider for the manufacturing industry, raises $43.741M funding from HgCapital Trust PLC. Link
StackRox (2014, Mountain View), Provider of Cybersecurity solution for trusted computing, raises $25M in Series B funding from Redpoint Ventures, Sequoia Capital and Amplify Partners. Link
Expel (2016, Mclean), Cybersecurity solution to maintain security systems, raises $20M in Series B funding from Scale Venture Partners, Battery Ventures, Greycroft, Lightbank, New Enterprise Associates, Paladin Capital Group and Profile Capital Management. Link
Instapage (2011, SF), Landing Page Management Platform, raises $15M in Series B funding from Morgan Stanley Expansion Capital. Link
Huron Capital Partners, Detroit-based private equity firm, closes its 6th Investment Fund at $142M. Link