16 Indian Startups Making News This Week (10 April – 16 April)

18/04/2017
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Consumer Internet Industry

1) Capital Float founded by Gaurav Hinduja and Sashank Rishyasringa: Bengaluru-based online lending platform for SMEs Capital Float secured $2.3 million led by Mahindra and Mahindra Financial Services. The funds have been raised against the allotment of non-convertible debentures (NCDs).

2) HackerEarth founded by Sachin Gupta and Vivek Prakash: Bengaluru-based professional talent management startup HackerEarth secured $4.5 million in an equity financing round from US-based DHI Group Inc. along with BEENEXT, BEENOS, Digital Garage, BizReach, and Prime Venture Partners also participating in the round. The startup will deploy the raised funds to strengthen product team and for international expansion.

3) Lendingkart Group founded by Harshvardhan Lunia and Mukul Sachan: Ahmedabad-headquartered fintech startup Lendingkart Group secured $4.65 million in the form of non-convertible debentures from alternative asset management firm Anicut Capital. The company will utilize the freshly raised capital to strengthen lending operations of its subsidiary NBFC, Lendingkart Finance Limited.

E-commerce Industry

4) Ninjacart founded by Thirukumaran Nagarajan, Vasudevan Chinnathambi, Kartheeswaran K K, Sachin Jose and Sharath Loganathan: Bengaluru-based B2B agri-marketing platform Ninjacart raised $5.5 million led by Accel Partners, Nandan Nilekani’s NRJN Trust, Mistletoe, Qualcomm Ventures, and M&S Partners. The startup will use the newly raised funding to expand its team and invest in supply chain automation, technology and data science.

5) Clovia founded by Neha Kant, Pankaj Vermani, Suman Choudhry: Noida-based online lingerie retailer Clovia secured $4 million in an extended Series A funding round led by Singularity Ventures and former BCCL CEO Ravi Dhariwal. The raised funds will be deployed for marketing, expanding sales channels, and to boost product and technology development.

6) SafetyKart founded by Vikas Bagaria: Gurugram-based Redcliffe Capital invested an undisclosed amount in SafetyKart Retail against a 10% stake and its private label brand and product PeeSafe. With this deal, PeeSafe has also been moved to a newly founded entity Redcliffe Hygiene Pvt. Ltd.

Technology Industry

7) Omnify founded by Manik Mehta and Kabandi Saikia: Bengaluru- and California-based SaaS platform for SMEs, Omnify raised $150K from Rajan Anandan (VP, Southeast Asia and India, Google), L.D Sharma (CEO, Shoogloo Group and MD, Optimise Media Group, India), and Saurabh Arora (founder and CEO, Airwoot). The round also saw participation from a few investors via LetsVenture’s platform. The startup will use the infused funds to develop its technology for small businesses.

8) MergerWare founded by Dharmendra Singh: Software solutions provider for post-merger and acquisition integration MergerWare secured $100K from Philippe Bouchet, former Vice President at Schneider Electric. The company will utilize the new capital for global expansion plans.

9) Squad founded by Apurv Agrawal, Kanika Jain and Vikas Gulati: Delhi-based Squad (earlier known as SquadRun) raised $2.1 million funding led by Blume Ventures, Contrarian Capital, 91springboard, Emergent Ventures, Abstract Ventures, Anthill Ventures, Axilor Ventures, angel investors Gokul Rajaram (Product Engineering Lead at Square) and Shamik Sharma (Senior Technology Advisor at Myntra). The funds will be utilized to expand its technology, product, and data teams in India and the sales team in the US.

Logistics Industry

10) Emiza Inc founded by Ajay Rao and Rajesh Sharma: Supply chain management and logistics startup Emiza Inc raised $4.5 million in a funding round from US-based VC firm Mayfield. The round also saw participation from Nishant Rao, Global COO at Freshdesk & Chairman, IAMAI and Dileep Nath, MD Aaroha Pte. Ltd. The investment has been facilitated by Mayfield’s India- focussed fund, Mayfield India II. The infused funds will be used by the startup to enhance its technological base and acquire talent for its senior leadership team.

Food & Beverage Industry

11) Kiji Foods founded by Vaibhav Sinha: Bengaluru-based, tech-driven FMCG startup Kiji Foods secured an angel round of $470K from HealthcareMagic co-founders Kunal Sinha and Shekhar Sahu. The startup has launched its first product ‘Fit-0-slim’ in the market six months ago.

12) TinMen founded by Mukesh Manda: Hyderabad-based food delivery startup TinMen secured an undisclosed amount of funding from MAPE Advisory Group, Sify co-founder R Ramaraj and Corvus Ventures along with existing investors. The startup will deploy the funds for marketing, team-building, and expansion to other cities.

Sports Industry

13) SportsFlashes founded by Raman Raheja: Delhi-based sports content app Sports Flashes raised an undisclosed amount of seed funding from Sushil Kumar, the wrestler and Olympic medalist and Sandeep Singh of Global Edusports Ventures. The startup will utilize the funds for marketing and expansion of operations.

Travel Industry

14) ScoutMyTrip founded by Deepak Ananth and Vineet Rajan: ScoutMyTrip Pvt. Ltd, which runs road-trip planning startup ScoutMyTrip, secured an undisclosed amount in seed funding from co-working space and accelerator Z Nation Lab. The startup will deploy the funds to expand the team and develop sales and marketing strategies.

15) WeAreHolidays founded by Deepak Wadhwa, Harkirat Singh and Mohit Piplani: NCR-based holiday planning startup WeAreHolidays raised $7.7 million in its Series B round of funding from Urrshila Kerkar, founder and promoter of Cox & Kings, against 50% stake in the company. The funding will be deployed to relaunch WeAreHolidays’ app on the Android and iOS and to develop the company’s social media-driven approach to travel.

Education Industry

16) Simulanis founded by Raman Talwar: Delhi-based e-learning and skills development startup Simulanis raised an undisclosed amount of funding from Village Capital. A consortium of angel investors including Pawanjit Ahluwalia (Chairman, India Skills), Apurva Chamaria (VP and Head – Corporate Marketing, HCL Technologies) and Mridul Upreti (CEO, Segregated Funds Group – Jones Lang LaSalle) also contributed in the current funding round. The company will use the raised funds to expand its sales team in the pharma and automotive sector while exploring other domains such as industrial goods.

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