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13 Indian Startups Making News This Week (28 March – 03 April)

04/04/2016
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Indian startups raised around $1.73 billion in the first quarter of 2016, according to a research firm. Here is the list of startups that became able to grab the funding in latest round this week.

Consumer Internet Industry

1) Picsdream founded by Mahesh Nair: Photography marketplace Picsdream has raised an undisclosed amount in angel funding led by Raman Roy, Co-Founder of Indian Angel Network and Ankit Nagori, Ex-CBO Flipkart and Harish Natarajan, Former CEO Bausch & Lomb India. Nagori and Natarajan have also joined the company’s Board of Directors. Picsdream offers photographers a portal to share, showcase, monetize and securely store their work.

2) DilMil founded by KJ Dhaliwal: Dil Mil, a matchmaking app for South Asians has raised $2.7 million in its pre-Series A round from a clutch of investors. The DilMil app has generated over 1 million matches, and results in three marriages a week. The US-headquartered startup is currently working on facilitating video dates and will be rolling out VR dates shortly thereafter.

3) Qikship founded by Vikrant Pathak and Gaurav Tyagi: Qikship, an on demand logistics startup has raised $200K in angel round of funding. It is an App/web based on-demand logistics platform that enables users to ship anything anywhere from the comfort of home/office.

4) SwitchMe founded by Aditya Mishra: Mumbai-based loan comparison and switching platform SwitchMe has raised an undisclosed round of angel funding from Mohandas Pai, Hiro Mashita, Singapore Angels, and others. Currently available in Mumbai, Pune, Bengaluru, and Delhi, the funding will be used for market expansion and improving its technology.

5) Babygogo founded by Siddhartha Ahluwalia, Sowrabh NRS and Satyadeep Karnati: Healthcare startup Babygogo has raised Rs. 2 crores from 16 angel investors. The startup will use the funds to improve its technology and explore new channels in digital marketing. The Babygogo app connects parents with child healthcare experts.

6) FixNix founded by Shanmugavel Sankaran: Chennai-based FixNix, which operates a SaaS-based governance, risk and compliance platform for enterprises has secured $500K in its pre-Series A round of funding from US and Singapore-based investors. Its software is reportedly used by over 200 companies to streamline their internal audit and risk management practice.

7) HealthEminds founded by Ankita Puri: This healthcare start-up which focuses on providing instant and affordable online counseling programmes for mental and emotional health, has raised an undisclosed round of angel funding led by cricketer Robin Uthappa, through his fund Caffeine Ventures. The funding will be used to launch new products, increase reach and expand its operations team.

8) Housing.com: India’s most innovative real estate platform Housing.com has received an investment of an undisclosed amount from Vineet Singh, former business head of 99Acres.com. As part of Info Edge’s executive leadership team for a decade, Vineet built 99Acres.com and Naukri.com from start-ups to scaled companies with strong sales capabilities, and he will now closely work with the Housing.com management team in a senior advisory role.

Technology Industry

9) True Balance founded by Charlie Lee: This Gurgaon based startup has raised an undisclosed amount from Japan-based SoftBank Ventures Korea in a Series A funding. The funds will help True Balance accelerate its expansion plans and enhancing its product advantage. Launched in September 2014 by Charlie Lee, True Balance provides quick and intuitive balance check, call log; data pack assessment, and recharge service for prepaid Android smartphone users. The startup said that its app has seen 2.5 million downloads, and expects 10 million downloads in the next 9 months.

Healthcare Industry

10) Touchkin founded by Ramakant Vempati and Jo Aggarwal: Bengaluru-based predictive healthcare startup Touchkin has raised Rs. 2.65 crores in seed funding from a clutch of investors. Founded in 2015, the startup provides apps for iOS and Android, which uses a phone’s sensors to track user activity and identify potential health issues.

11) Transcell founded by Subhadra Dravida: This Hyderabad-based stem cell research firm has raised an undisclosed amount of investment from the Indian Angel Network. The investment round was led by Sanjay Jesrani, who will join the company’s board. The company will use the money to develop stem cell-based platforms in both therapeutic and non-therapeutic areas. Transcell provides stem cell banking and clinical research services.

E-Commerce Industry

12) Schoolkart founded by Nikhil Sareen and Deepika Gupta: Schoolkart, an online marketplace for school uniforms and other accessories has raised $300K from 12 angel investors. Founded in 2014, Schoolkart stocks about 25,000 products on its platform, and plans to use the funds to develop its technology and expand its reach.

Finance Industry

13) Veritas Finance founded by D Arulmany: The Chennai-based Veritas Finance has raised Rs 30 crore from Sarva Capital in A series funding. The funding will help the Tamil Nadu and Puducherry-focused Company to fuel their expansion plans and diversify their product and services. Founded in November, 2015, the company meets the short, medium and long term financial requirements of the financially excluded micro and small enterprises.

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