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13 Indian Startups Making News This Week (14 March – 20 March)

21/03/2016
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Consumer Internet Industry

1) Flipclass founded by Vineet Dwivedi: Bengaluru-based FlipClass which connects tutors and students through the platform, has raised $1million from S Chand and Company Pvt Ltd and early stage VC firm Blume Ventures. Founded in 2013, the startup had previously raised funds from online fundraising platform LetsVenture, and reportedly has 4,000 students and 10,000 tutors on its platform.

2) Withme founded by Ashutosh Pandey and Nithin Kaimal: Gurgaon-based WithMe, a social fashion discovery platform has raised $250K in angel funding. Founded in 2015, the startup has apps for Android and iOS, and is planning to add AI and personalization features.

3) Gapoon founded by Apoorva Mishra: Bengaluru-based home services provider Gapoon has raised Rs. 1.2 crores in angel funding. Founded in 2015, the company provides a Web and app-based bookings for home services like cleaning, electricians, plumbing, pest control, and carpentry, and has plans to use the funds to grow its subscription-based services.

4) WorkIndia founded by Ajay Kumar, Jatin Jakharia, Nilesh Dungarwal, and Moiz Arsiwala: Recruitment marketplace WorkIndia founded by a group of IIT/ IIM alumni has recently raised an undisclosed amount in funding from Beenext, a Singapore-based early stage technology fund. WorkIndia has developed a geo-positioning based technology product for automating recruitment in the blue/grey collar segment.

5) Wealthy founded by Aditya Agarwal and Prashant Gupta: Bengaluru-based Company has raised $250K in angel funding from a group of angel investors. The robo advisor’s investment algorithm in mutual funds is based on a process called Capital Asset Pricing Model, proposed by Nobel Prize-winning economists.

6) Qlivery founded by Karan Saharan, Chetan Agarwal, Rohit Pansari, Sonal Saraogi and Shivangi Agarwal: Gurgaon-based on demand concierge service Qlivery has raised $230K from Hong Kong-based Swastika Company Limited. The startup plans to use the funds to expand the team, geographical reach and add customers. A substantial amount of current fundraise will be used to improve the technology stack, including implementation of artificial intelligence.

7) HealthEnablr founded by Bamasish Paul: Mumbai-based healthcare player Healthenablr has secured $800K in a new round of funding from undisclosed investors. Currently operational in Mumbai, Kolkata and Bengaluru, the startup provides apps for Android and iOS which can be used to chat or have a video consultation with a doctor, or even book an appointment.

8) Liftiee founded by Ritvik Mathur and Rashid Khan: Car and bike pooling app Liftiee has raised $108K in a bid from MTV anchor Ranvijay Singh. The Mumbai based startup also saw participation from Anita Hassanandani. The app aims to become the biggest platform to aggregate private cars and bikes for travel. It’s more like a social media platform that connects commuters and private vehicle owners.

9) Appalert founded by Ashuvinder Ahuja: School bus tracking app AppAlert has raised $900K in its seed round of funding, led by Narinder Singh, a US-based serial investor. The funding secured will be deployed to build and enhance the core application and to expand its service offerings in markets of Singapore, Indonesia, Philippines, and Australia.

Healthcare Industry

10) Pramati founded by Jay Pullur: New Delhi-based healthcare services startup Pramati HealthCare, which provides caretakers for patients at home has reportedly raised $200K in Pre Series A round of funding. The startup is currently offering services in Delhi NCR region.

Technology Industry

11) Proximit founded by Yash Mutha and Kamlesh Sancheti: Pune-based Proximit Media, which runs a rickshaw-based proximity advertising network, has reportedly raised $150K in early-stage funding through crowd-funding platform 1Crowd. The startup plans to use the funds to expand its footprint in Pune and establish presence in other cities including Mumbai.

12) Avagmah founded by Karthik KS: Bengaluru-based Ed-Tech startup Avagmah has raised an undisclosed amount of funding from Kris Gopalakrishnan, Co-Founder and Former CEO of Infosys, and Atul Nishar, Founder of Hexaware, and existing investors. The startup provides a combination of cloud-based SaaS (software-as-a-service) technology to universities for increasing the reach and appeal of their programmes.

Food and Beverage Industry

13) Hellocurry founded by Raju Bhupati: This Hyderabad-based food chain has raised $1.5million in bridge funding. The round was led by entrepreneur-turned-investor Sashi Reddi, who has already pumped in Rs.3 crore through his seed stage venture fund, Sri Capital. A US-based high networth individual (HNI) also participated in the bridge round.

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