16 Indian Startups Making News This Week (18 September-24 September)

25/09/2017
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Consumer Internet Industry

1) Yatra founded by Sabina Chopra, Dhruv Shringi, and Manish Amin: Mumbai-based venture debt fund InnoVen Capital invested about $15.4 million in online travel company Yatra. InnoVen Capital India had earlier extended a $4 million venture debt facility to Yatra in 2013.

2) GamingMonk founded by Abhay Sharma and Ashwin Haryani: E-sports startup GamingMonk, run by GamingMonk Entertainment Pvt. Ltd, secured an undisclosed amount from venture capital firm AdvantEdge. The startup will use the funds to launch its subscription-based eSports portal, and focusing on organizing online gaming tournaments.

3) 91Springboard founded by Pranay Gupta: Coworking space provider 91springboard secured the funding round from Sandway Investment Ltd, Pearl Brook Holdings, AMA Holdings, Silo Holdings and Al Nour. The coworking space will use the funding for expansion in existing and new markets. This funding takes the total funds raised by the firm to over $20 million.

E-commerce Industry

4) The Moms Co. founded by Mohit Sadaani and Malika Datt Sadani: Amishi Consumer Technologies Pvt. Ltd, which runs pregnancy and baby care products firm The Moms Co., secured $1 million in a Series A round of funding from DSG Consumer Partners and Saama Capital. The startup will deploy the funds to add more products across categories, expand its offline presence, invest in technology, and building the team.

5) Homergize founded by Vinod R. Kaushik: Bengaluru-based services marketplace Homergize secured $1 million in Pre-Series A funding. The Indian startup brings professionals like architects, interior designers, landscape architects and contractors onto a single platform to cater to all construction and remodelling needs of customers and businesses. The startup funding was raised from LG Chandrasekhar, founder and Chairman of medical device company, Sutures India. The funding will be used to improve its technological capabilities, enabling geographical expansion and tapping new service revenue streams.

6) Mamaearth founded by Varun Alagh: Baby and mother care brand, Mamaearth raised $1 million in a funding round from VC firm Fireside Ventures and a few other investors. This marks the company’s second round of funding. The latest investment will go into launching ‘Traditional Recipes’, a new range of wellness solutions for mothers including herbal teas and supplements. The startup will deploy a portion of the financing to add categories with safer & healthier products for babies and mothers and also planning to use the funding to fuel innovation.

Technology Industry

7) Noticeboard founded by Vishesh Dahinwal, Vishal Gahlaut, and Sarath Chandran: Bengaluru-based staff communication platform Noticeboard raised an undisclosed amount of funding from former Myntra CTO Shamik Sharma and TaxiForSure founder Aprameya Radhakrishna. With this funding, Sharma and Radhakrishna will join the company as advisors/mentors.

8) HighRadius founded by Sashi Narahari: Hyderabad-based HighRadius, a player in cloud-based integrated receivables software space, secured $50 million in growth funding from Susquehanna Growth Equity. The company aims to leverage it to grow its global footprint and also expand the team.

9) Ace Turtle founded by Berry Singh, and Nitin Chhabra: Omnichannel web commerce solutions provider, Ace Turtle raised an undisclosed amount of venture debt from InnoVen Capital. The startup funding will be utilized to bolster Ace Turtle’s expansion plans in Southeast Asia, particularly Malaysia and Singapore. The funding will finally enable the Indian startup to develop new omnichannel solutions for brands across the globe.

10) Securonix founded by Sachin Nayyar, and Tanuj Gulati: Cyber-security firm Securonix secured $29 million Series A funding from Volition Capital and Eight Roads Ventures. With this investment, Roger Hurwitz of Volition Capital will be joining the Securonix Board of Directors. The Indian startup will use the funds to accelerate growth and leadership in the user behavior analytics, next-gen security information & event management (SIEM), and log management market spaces. The freshly raised funding will also be used to extend its investment in technology innovation and expansion in domestic and global markets.

11) iauro founded by Nilesh Ratnaparkhi, and Anupam Kulkarni: Pune-based technology product development company iauro Systems Pvt. Ltd secured an undisclosed amount of funding from a seed-stage fund Special Invest. The funding will fuel iauro’s next phase of growth.

12) Typeset founded by Shanu Kumar and Saikiran Chandha: Bengaluru-based consumer SaaS firm Typeset, which provides an academic writing platform for researchers, secured $850K in a Pre-Series A funding round from Haresh Chawla, a partner at True North (previously, India Value Fund), in his personal capacity. The startup funding will be utilized towards expanding the platform features across the research communication workflow. The Indian startup is also in the process of setting up the US entity.

Healthcare Industry

13) HWell24 Plus founded by Jyoti Kumar Singha and Harddik K Patel: HWell24 Plus Healthcare Pvt. Ltd, which operates home healthcare aggregator under the brand HealWell24, secured an angel funding from three high-net-worth individuals. The company will deploy the funds to set up technology, infrastructure, and the team.

Finance Industry

14) Save Solution founded by Ajeet Kumar Singh: Gaya-based rural financial services provider Save Solutions Pvt. Ltd (SAVE) secured $6 million in a series A round of funding from international impact investor Incofin Investment Management. The company plans to use the funds to capitalize and expand its two subsidiaries, operating as non-banking finance companies, which offer loans to small and medium enterprises and microfinance products.

15) Shortlist founded by Paul Breloff and Matt Schnuck: Mumbai-headquartered talent management and recruitment startup Shortlist raised $1 million in an angel funding from the US-based private equity firm University Ventures and Indian angel investor Samir Shah of Sattva Capital. Kenya-based seed fund Zephyr Acorn, global impact investor FARM Ventures, and the US-based investor Bodley Group also participated in the latest funding round. The startup funding will be used to improve its data-driven talent screening product, which automates applicant screening using online competency-based assessments.

Education Industry

16) Chimple founded by Srikanth Talapadi: Bengaluru-based edtech startup Chimple won $1 million funding from Global Learning XPRIZE. The foundation is looking to create scalable solutions to allow children to teach themselves basic reading, writing and arithmetic within 15 months.

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