16 Indian Startups Making News This Week (11 September-17September)

18/09/2017
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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.

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