16 Indian Startups Making News This Week (09 April -15 April 2018)

16/04/2018
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Consumer Internet Industry

1) PoolToo founded by Aradhana Jha, Nancy Martin, Ranvijay Singh, and Sarita Mishra: Hyderabad-based city bike and car-pooling startup Pooltoo raised an undisclosed amount of funding from Devika Ganesh, a High network individual (HNI). The startup plans to deploy the funding to reinforce its tech infrastructure and build its operations and marketing.

2) FullOnWedding founded by Himanshu Jagwani, Khushbu Jagwani and Shalabh Jhalawad: Bengaluru-based wedding tech startup FullOnWedding secured an undisclosed amount in Pre-Series A round of funding led by a group of marquee investors. The startup plans to deploy this funding to expand geographically, grow the business verticals and support its partner network.

E-commerce Industry

3) Pipa+Bella founded by Shivani Pandya and Shuchi Pandya: Mumbai-based fashion accessories etailer Pipa Bella Accessories Pvt Ltd, which runs the brand ‘Pipa+Bella’, raised $1 million in a funding round from Fireside Ventures. The startup plans to use the funding to build the brand through innovative and continual marketing efforts, scale operations through new distribution channels and make key management hires.

Technology Industry

4) Elemential founded by Anil Dukkipatty and Raunaq Vaisoha: Mumbai-based blockchain startup Elemential raised an undisclosed amount of seed funding from Matrix Partners India. The startup plans to utilize the funding for team expansion to cater to its global demand.

5) Chariot founded by Nilay Mehrotra and Raj Garg.: New Delhi-based Internet of Things (IoT) startup Chariot secured $306K in a Pre-Series A round of funding from Gems Partners, a micro venture capital fund. The startup plans to deploy the funding to expand its customer base and develop its products.

Healthcare Industry

6) LetsMD founded by Prakhar Gupta: Delhi-NCR based LetsMD, which offers a platform to discover healthcare financing options secured $1 million in Pre Series A round of funding from SRI Capital with participation from existing investors Waterbridge Ventures and Thinkuvate. The startup plans to use the funding to scale up its pan-India operations.

Logistics Industry

7) LoadShare founded by Pramod Nair, Raghuram Talluri, Rakib Ahmed, and Tanmoy Karmakar: Bengaluru-headquartered logistics startup LoadShare raised an undisclosed amount in a Series A round of funding from Stellaris Venture Partners and existing investor Matrix Partners. The startup will utilize the funding to support its core leadership team, expand to new regions and invest in its logistics technology platform.

8) Mojro founded by Amit Kulkarni and Kishan Ashwath: Bengaluru-based urban logistics startup Mojro secured $650K funding led by 1Crowd and its investor community. The startup plans to use the funding for technology development, team expansion for marketing and building partnerships with fleet owners.

Fintech Industry

9) Ideal Insurance founded by Rahul Agarwal: Kolkata-based complete insurance management startup Ideal Insurance Brokers Pvt. Ltd raised $1 million in its seed round of funding from Venture Catalysts. The company plans to use the funding for building a strong infrastructural support for our operations and backend team as well as for marketing purposes.

10) Loanzen founded by Madhu Sudhan and Venkatesh Sankararaman: Bengaluru-based peer to peer lending marketplace startup, Loanzen, secured an undisclosed amount of pre-Series A funding led by venture capital firm Kae Capital Management. The startup will deploy the funding to expand its team in Bengaluru and grow its loan book.

11) Aye Finance founded by Sanjay Sharma and Vikram Jetley: Gurugram-headquartered online lending startup Aye Finance secured $4.6 million in debt funding led by Swiss impact investor BlueOrchard Finance Ltd. This funding will allow Aye Finance to further expand its lending portfolio, with the aim of reaching out to more MSMEs in India.

12) Kaleidofin founded by Sucharita Mukherjee: Chennai-based fintech startup Kaleidofin secured $2.8 million in seed funding from Omidyar Network. The startup plans to use the funding to accelerate its customer acquisition pan-India, expand the company’s network of strategic partners, and allow deep investments in technology and analytics.

Education Industry

13) Smartivity founded by Apoorv Gupta, Ashwini Kumar, ASHWINI KUMAR, Rajat Jain, Rajat Jain and Tushar A Amin: Delhi-based edtech startup Smartivity raised $53.8 K from Education-focused publishing house S Chand & Company Ltd.

Digital Industry

14) Kristal.AI founded by Asheesh Chanda, Vineeth Narasimhan and Vivek Mohindra: Kristal.AI, an AI-powered digital asset management platform raised $1.87 million in a Seed funding round led by IDG Ventures India. The startup plans to use the raised funding to strengthen its technology stack as well as accelerate the integration of machine learning capabilities for providing faster and more efficient financial advisory to its clients. It is also looking at expanding its reach beyond the three countries, mainly into South-East Asia, Middle-East and the US.

Travel Industry

15) TravelTriangle founded by Prabhat Gupta, Sanchit Garg and Sankalp Agarwal: Gurugram-headquartered travel marketplace TravelTriangle raised $12 million in a Series C round of funding led by growth-capital fund Fundamentum. The startup plans to utilize the funding to invest in building technology, in order to further strengthen the customer interaction layer using artificial intelligence and machine learning, while the data analytics will help build a recommendation engine. The company is also looking to expand to newer destinations and invest in brand building.

FMCG Industry

16) YumLane founded by Hitesh Ahuja: Mumbai-based FMCG startup QwikPik Technology, which owns and operates YumLane, raised $4 million in a Series A round of funding led by Singapore-based family office RB Investments. The company plans to deploy the funds to develop products, increase retail footprint, hire sales and marketing executives, and manage its backend operations.

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