22 Indian Startups Making News This Week (06 March- 12 March)

15/03/2017
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Consumer Internet Industry

1) Juno Clinic founded by Davesh Manocha, Anuraag Srivastava, Arun Kumar and Dr. Vishal Sawant: Mumbai-based Juno Clinic secured $1.2 million in Pre-Series A round of funding from Atul Nishar (founder of Hexaware Technologies & Aptech Computers) and other individual investors. The round also saw participation from the family office of Sunita and Neeraj Bhargava (founder of Zodius Capital), Vikas Khemani (President & CEO, Edelweiss Securities Ltd) and other individual investors. The startup will utilize the funds for geographical expansion and enhance the technology backbone of the organization.

2) SummerLabel founded by Apaksh Gupta and Vanya Mishra: Fashion and lifestyle discovery platform Summerlabel raised $150K in a Seed round of funding through multiple angel investors based out of Silicon Valley and India. The startup is looking to invest the funding in building technology infrastructure, expanding its team and build a more robust network of private labels, users and influencers.

3) BookServicing founded by Abhishek Rai: Online car servicing platform BookServicing raised $30K in seed funding from the National Science and Technology Entrepreneurship Development Board (NSTEDB), a government arm that promotes tech enterprises. The funds will be used for developing solutions for optimizing operational inefficiencies in the automotive aftermarket and enhancing the car owning experience for customers.

4) Parentune founded by Pottu Venugopal and Nitin Pandey: the Gurugram-based online community of verified parents and real-time trusted advice, Parentune raised an undisclosed amount of funding from Kae Capital and Singapore-based Segnel Ventures. The raised funds will be used towards building personalized support for parents, with technology, data and intelligence at the centre of Parentune’s scale up. Also, there are plans to launch the network in Hindi and other languages.

5) Property Share founded by Hashim Khan and Kunal Moktan: A Bengaluru-based startup that enables fractional property ownership, Property Share secured an undisclosed amount in a funding round from Japanese asset management firm Asuka, and existing investors Pravega Ventures, and Singapore-based venture capital fund Beenext. The startup plans to spend the funds mainly on technologically upgrading the product and recruitment across areas such as investment, operations and technology.

6) Easter Egg founded by Akshay Ananth, Sandeep Sangli and Arpita Bahuguna: Bengaluru-based Easter Egg a blockchain-enabled, global gifting platform has raised its initial round of funding from Wealthy Ideas. This funding will help them take the products to other geographies as well as hire talent.

7) LetsVenture founded by Shanti Mohan and Sanjay Jha: Former chief product officer at Snapdeal Anand Chandrasekaran invested in Bengaluru-based IndiePitch Solutions Pvt. Ltd, which runs online funding platform LetsVenture. In October 2015, LetsVenture had raised an undisclosed amount in Series A funding from Accel Partners, People Group’s Anupam Mittal, and 16 other investors.

E-commerce Industry

8) Supr Daily founded by Puneet Kumar and Shreyas Nagdawane: Seed investment firm Venture Catalysts has invested an undisclosed amount in habit-forming app Supr Daily. The round was led by Venture Catalysts’ angel investors Apoorv Ranjan Sharma, Anil Jain, Anuj Golecha, Krishna Jhunjhunwala, and Anirudh Damani. Supr Daily, which is currently operational in parts of Mumbai, will utilize the funds to scale up its pan-Mumbai operations in the next six months.

9) IOrderFresh founded by Nitin Sawhney and Abhishek Sharma: Delhi-based online fresh fruits and grocery store, iOrderFresh secured an undisclosed amount of funding from Singapore Angel Network Pte. Ltd. (SGAN), the angel investment arm of Singapore-based Thakral Group of Companies. The startup had earlier raised an undisclosed amount of funding led by Best Foodworks Pvt. Ltd, in August 2015.

Technology Industry

10) Data Resolve founded by Devesh Mittal, Nagarjun Kota, Dipanjan Biswas and Dhruv Khanna: Noida-based cyber-security startup Data Resolve secured $1 million from early-stage fund Parampara Capital. This is Parampara Capital’s first investment; post its announcement of a tie-up with IDFC Alternatives, the private equity arm of IDFC Group.

11) PipeCandy founded by Ashwin Ramasamy and Murali Vivekanandan: Chennai-based PipeCandy, an intelligent sales prospecting platform secured $1.1 million a Seed round of funding from IDG ventures, and Axilor Ventures. Emergent Ventures, Indian Angel Network along with a few more undisclosed startup investors also participated in the round. The startup plans to use the raised funds to deeply verticalize its analytical models and to build tools that make sales representatives follow best practices effortlessly. Also, the goal is to touch 100 paying customers by July 2017.

12) AppBrowzer founded by Sunny Gurnani and Venkatesh Rao: Bengaluru-based Roid Technologies Pvt Ltd, which operates instant mobile app store AppBrowzer raised $500K from Deepak Gurnani, a member of Singapore Angel Network. A group of angel investors also participated in the round. A significant amount of the capital was invested in building and launching the product and forming a team.

13) Lavelle Networks founded by Karthik Madhava and Shyamal Kumar: Early-stage venture fund Ideaspring Capital invested $600K in Lavelle Networks, a startup in the SDN (Software Defined Networking) space. The startup has offices in Bengaluru, Singapore, Dubai, and California.

14) Smartron founded by Mahesh Lingareddy: Hyderabad- and Bengaluru-based smartphone maker Smartron secured an undisclosed amount of funding from Sanjay Jha, CEO of GlobalFoundries, and the global contract manufacturers of semiconductors. The current round of funding has raised the total investment in the company to date to $15 million. Also, the company is further planning to raise another $30 million, primarily for research and development.

Digital Media Industry

15) Zapr founded by Deepak Baid, Sandipan Mondal, and Sajo Mathews: Television broadcast network STAR invested $8 million in Bengaluru-based Zapr Media Labs, against a minority stake. The two companies will work together to create a deep understanding of mobile audiences that can be leveraged by brands to create personalized communication and offers.

Healthcare Industry

16) PeeBuddy founded by Deep Bajaj: Female hygiene product maker PeeBuddy secured $443K Pre-Series A funding led by Indian Angel Network. Sanjay Mehta, Ishan Singh, and Vikas Kuthiala led this round of investment on behalf of Indian Angel Network. It will utilize the newly raised funding to focus on making investments in strengthening its market position as well as creating an innovative product portfolio mix and a strong team.

Logistics Industry

17) Blowhorn founded by Michael Strong, Mithun Srivatsa, and Nikhil Shivaprasad: Online marketplace for last-mile logistics Blowhorn secured $3.75 million in Series A funding from IDG Ventures India, together with the Michael & Susan Dell Foundation and existing investors, Draper Associates, and Unitus Seed Fund. For Tim Draper’s new fund ‘Draper Associates,’ Blowhorn is the first Series A bet in India. The startup plans to use the funds to expand operations to eight cities in the next 24 months, with over 25,000 daily active drivers.

18) Rivigo founded by Deepak Garg and Gazal Kalra: Gurugram-based logistics platform Rivigo secured $15 million in debt finance from undisclosed private sector banks. The startup will deploy the newly raised capitals to increase its fleet and for preparing to introduce new products, including a technology to automate its trucking operations.

Real Estate Industry

19) MagicBricks founded by Kalpana Viswanath: Online real estate portal MagicBricks raised $4.48 million from Times Internet Ltd. The company plans to use the freshly infused funds towards product development, brand building, and marketing initiatives.

Service and Repair Industry

20) PICKmE founded by Praful Wadyalkar and Wilbret D Raj: Mumbai-based PICKmE raised $1.79 million from the SIDBI Venture Capital Fund. SIDBI has bought 30,133 shares at INR 3,982.34 apiece. The gadget insurance and repair services startup will deploy the money for expanding its presence to 50 cities over the next two-quarters.

Agriculture Industry

21) AgroStar founded by Sitanshu Sheth: Pune-based agritech startup AgroStar raised $10 million Series B funding from Accel India. Existing investors IDG Ventures and Aavishkaar also participated in this round. The company will utilize the newly raised funding to solidify its leadership position in the agri-tech space and have a pan-India presence in the next two years. It also plans to build its leadership team and further strengthen its technology and data analytics platform.

Education Industry

22) myCBSEguide founded by Basant Pandey and Vinod Pandey: Delhi-based edtech startup myCBSEguide secured an undisclosed amount in an angel funding round from Rajesh Magow, CEO of MakeMyTrip. The platform aims to deploy the funds for new hiring and enhancing marketing spend and product technology. It aims to increase its employee strength from 18 to 40 in the next four months.

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