19 Indian Startups Making News This Week (29 January- 04 February 2018)

06/02/2018
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Consumer Internet Industry

1) The Wedding Brigade founded by Sanna Vohra: Mumbai-based online wedding startup secured $1 million in Pre-Series A round of funding from Blume Ventures. The also saw participation of Czar Capital, Mountain Pine Capital, Lets Venture investors and the Keiretsu Forum. The company plans to utilize this funding to expand the team and business verticals, strengthen its community, and introduce an array of new products and services to the market.

2) Creator’s Gurukul founded by Abhinav Tandon and Mohammed Sirajuddin: New Delhi-based co-working chain Creator’s Gurukul raised an undisclosed amount of funding led by Sandeepan Senapati, and existing investors namely Rohit Nanda and Smarak Bhuyan. The startup is also going live with the first center in Gurugram. With the team expansion and launch of new centres, Creator’s Gurukul looks to establish a differentiated and unique proposition in managed rental spaces.

E-commerce Industry

3) FabAlley founded by Shivani Poddar and Tanvi Malik: New Delhi-based online fashion platform FabAlley raised $780K from Trifecta Capital in venture debt funding. The startup plans to deploy this funding mainly to augment its offline growth.

4) BigBasket founded by Hari Menon, Abhinay Choudhari, VS Sudhakar, Vipul Parekh and VS Ramesh: Alibaba Group, Chinese e-commerce giant was seen participating in a $300 million Series E round of funding of BigBasket. The round also saw the participation of Abraaj Capital, Sands Capital, and IFC. The company will use the funds raised towards improving its technological, analytical, and infrastructural ability.

Technology Industry

5) BrowserStack founded by Nakul Aggarwal, and Ritesh Arora: Web testing platform BrowserStack secured $50 million Series A round of funding from Accel Partners valuation of about $400 million-$500 million. The investment will fuel BrowserStack’s continued guarantee to being the testing infrastructure for the Internet and allows the company to expand its world-class team and raise global brand awareness.

6) 6Degree founded by Nikhil Hegde: Mumbai-based fashion tech startup 6Degree raised $400K from IAN and TAN Advisors. The funds will be used in expanding the team, upgradation of the technology and in expanding the reach of the company.

7) Groww founded by Lalit Keshre: Data science-based mutual fund investing platform Groww secured an undisclosed amount of seed funding from Y Combinator, Curefit founders Mukesh Bansal, and Ankit Nagori. Bengaluru-based Groww’s mission is to make investing simple for the next 100 million people to successfully grow their wealth by moving towards digital financial products.

8) SCAPIC founded by Ajay Ponna Venkatesh and Sai Krishna V K: Virtual and Augmented Reality platform Scapic raised a seed round of funding led by Axilor, Speciale Invest and Newfort Capital. The startup looks to use the funds towards product development and research.

Entertainment Industry

9) SuperMOM Mitali founded by Mitali Jakatdar: An experiment started as a YouTube channel, SuperMOM Mitali raised and an undisclosed amount of funding from private investors. The platform will be using this funding to reinforce the tech – infrastructure, scale and expand its national reach. The startup will also be aiming at the quality of the content and pay emphasis to high-quality videos to include Interviews, Comedy, Sketches and Product integrations amongst other things.

Fintech Industry

10) MoneyOnMobile founded by Jolly Mathur, Rajat Sharma, Ranjeet Oak and Shshank Joshi: Mumbai-based fintech startup MoneyOnMobile raised $7.6 million in a Series F round of funding through preference shares. The company plans to utilize these funds to perform its business plan and drive growth across its product lines.

11) Continual Engine founded by Mousumi Kapoor: Bengaluru-based artificial intelligence-enabled education startup, Continual Engine secured $500K in a Seed funding round from the majority stakeholders of learning design company ansrsource. Continual Engine is working to use automation, machine earning and natural language processing/generation (NLP, NLG) techniques to make the process of learning content discovery, extraction, curation, and consumption more detailed and efficient.

Healthcare & Fitness Industry

12) CureFit founded by Ankit Nagori and Mukesh Bansal: Bengaluru-based fitness startup CureFit raised $10 million in debt financing from HDFC Bank and Axis Bank. The latest fundraising is part of an earlier round, wherein it secured $3.2 million debt funding from Trifecta Capital and Kris Gopalakrishnan-founded Prathithi Investment Trust in August 2017.

13) eKincare founded by Dinesh Koka, Kiran Kalakuntla and Srikanth Samudrala: Hyderabad-based healthcare startup eKincare secured $1.5 million in Series A funding from a group of investors, including Ventureast, Endiya Partners, Eight Roads, Touchstone Equities and former NASSCOM Chairman B.V.R. Mohan Reddy. The new funding will be deployed to grow and expand the startup’s core technology platform as well as its sales team.

14) PeeSafe founded by Vikas Bagaria: O2O global brand for toilet hygiene PeeSafe raised $1 million in a fresh round of funding by issuing forcibly convertible debentures (CCD) to its existing and new investors. The funds will be used to accelerate its growth by expanding into international markets of the US and South Africa. With this round, the company onboard an array of new investors and existing investors including Alfa Universal Ventures, Green Shoot Capital, Venture Catalysts among others also participated in this funding round.

Education Industry

15) iNurture founded by Ashwin Ajila and R Lakshminarayanan: Bengaluru-based edtech company iNurture raised $4.3 million in its Series C round of funding from Ventureast along with existing investors Bertelsmann India Investments and Ascent Capital. The company plans to use these funds to expand its unique e-Learning platform for Skill Centers and Distance Learning and to expand its managed campuses business.

16) Mahindra First Choice Wheels Ltd founded by Nagendra Palle: The company raised $15 million in a fresh funding round from its existing investors. The edtech company will be using the funds to expand its franchise dealer network and to invest further in new technology-enabled products and services for online customers.

17) Chrysalis founded by Chitra Ravi: Chennai-based education startup Chrysalis raised Pre-Series A funding round from Impact Investor Gray Matters Capital. The amount raised will be utilized by Chrysalis to build on its research and development and to support its multichannel approach to take its Education for Human Potential movement to every child in the country.

Food Industry

18) Zomato founded by Deepinder Goyal and Pankaj Chaddah: Food ordering and restaurant discovery platform Zomato Media Pvt. Ltd secured $200 million from Ant Small, the payments affiliate of Chinese e-commerce giant Alibaba and Micro Financial Services Group, valuing the company at about $1.1 billion.

Logistics Industry

19) XpressBees founded by Amitava Saha and Supam Maheshwari: Alibaba invested $35 million in Pune-based logistics company XpressBees. Owned by Busybees Logistics Solutions, Xpressbees aims to fulfill complete supply-demand needs of India’s online industry through best in class solutions and domain proficiency.

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