Home > Blog > Blog > 19 Indian Startups Making News This Week (28 November – 04 December)

19 Indian Startups Making News This Week (28 November – 04 December)

05/12/2016
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Consumer Internet Industry

1) Crossahead founded by Gaurav Walia: Indian cricketer Mohit Sharma invested undisclosed amount of funding in a social networking-based discovery platform for artists, Crossahead. The company plans to increase the sub-categories offered to streamline users’ search and also plans to launch a host of user-friendly options for the website as well the Android app.

2) HandyTrain founded by Gourav Jaswal: Mobile-based SaaS platform HandyTrain raised around $1 million in funding from Silver Range Investments, Lumina Datamatics and Shun Yoshida, Managing Director, Merrill Lynch, Tokyo, and other angel investors. This is Yoshida’s maiden investment in India. The startup has also entered into a strategic partnership with Lumina Datamatics, a media company, to further increase the former’s reach to global clients as well.

3) Pulse founded by Prakhar Khanduja and Karthik Vaidyanath: Delhi-based hyperlocal social networking app Pulse raised $500K in Pre-Series A funding round from SAIF Partners. Earlier, the startup also raised $200K from angel investors like Rajan Anandan, Rajesh Sawhney, Anupam Mittal, Uday Shankar (CEO, StarTV), Anand Chandrasekaran, Amit Ranjan, etc. Pulse is a product of Instalively Livestreaming Pvt. Ltd.

4) Carcrew founded by Punit K Goyal: Mumbai-based car service startup Carcrew raised $500K in an angel round from TVS Group. Other investors who participated in the round were Punit Goyal, Rajesh Agarwal, Ketan Kothari. The startup will be using the money to fund growth and expansion to other cities.

5) SlideApp founded by Junaid Malik: Delhi-based SlideApp, a lock screen app that awards Android users for reading content, raised $3.6 million in Series A round of funding led by Songhyun Investment, a leading South Korean VC firm. The company will utilize the newly raised funding to scale its user base, develop products, and strengthen its brand presence in the market. It will also use part of the funding to further develop the platform in order to make it more and more innovative and user-friendly.

6) Streo founded by Pranav Trehan, Arush dhawan and Prerana Dhawan: Live music streaming app, Streo raised an undisclosed amount in Seed funding from GEMs Advisory and early-stage VC fund Quarizon. The startup will use the raised funds for expansion across Tier I cities in India.

7) Badiyajobs founded by Aditya Sriganesh and Nitesh Verma: New Delhi-based APN Recruitment Solutions Pvt Ltd, the company that runs and operates Badiyajobs.com, is planning to expand its footprint into new territories and hire aggressively after raising $100K in funding from IIT-Madras alumni in April.

E-commerce Industry

8) Indofash founded by Pallavi Mohadikar and Rahul Gayakwad: Bangalore-based online fashion marketplace Indofash raised $150K from angel investors, Shekhar Sahu and Nitesh Pant. The startup will utilized the raised funds to scale up its international presence and for developing its technology further.

9) WholeSaleBox founded by Madhur Bhaiya, Chandan Agarwal, Rohit Dangayach and Rakesh Shekhawat: B2B online marketplace in the fashion and lifestyle segment, WholeSalebox secured $2 million in its Pre-Series A round of funding from angel investors. The raised funds will be used to scale its technology and expand its operations in new markets. It’ll be also used to improve the supplier and customer experience.

10) Affordplan founded by Hemal Bhatt: Delhi-based Affordplan, a savings led platform for medical expenses raised $3 million as part of its Series A round of funding, led by Prime Venture Partners and Kalaari Capital as a co-investor. The startup plans to deploy raised funds to expand the current team, build the network, and scale the business to new cities across India.

11) ShopsUp founded by Suhas Gopinath and Anmol Vij: Location-based shopping app ShopsUp raised a Seed funding of about $963K from Anand Sankeshwar, managing director at VRL Logistics and Yang Shu, CEO of Taojinjia.

Technology Industry

12) Entropik founded by Ranjan Kumar and Bharat Singh: An emotion recognition startup Entropik raised $200K in angel funding from a group of angel investors. The angel investors who participated in the round included Dileep Bhatt, President of downstream operations, JSW Steel Ltd, and Milind Chaudhary, Director, Sea Global Services Pvt. Ltd. The raised funds will be utilized to ramp up its research and development efforts and get more customers on board.

13) MarianaIQ founded by Venkat Nagaswarmy, Soumyadeb Mitra and Abhishek Kashyap: US- and Indian-based, AI-driven B2B marketing startup MarianaIQ secured $2 million in a Seed funding round from Exfinity Venture Partners. The company aims to help marketers deliver the right content to enhance the sales of their respective products.

Education Industry

14) Math Buddy founded by Kannan Bharadwaj: Vadodara-based edtech startup Math Buddy raised $438K led by Menterra Venture Advisors, an early-stage impact fund that makes investments in startups working in the agriculture, energy, education, healthcare, and skill sectors. The funding will be utilized to expand operations to more schools and strengthen training modules for teachers.

Food Industry

15) MonkeyBox founded by Sanjay Rao: MonkeyBox Food Tech Pvt. Ltd, which delivers healthy food for children, secured an undisclosed amount in Seed investment from early-stage investor Blume Ventures and a clutch of high net-worth individuals (HNIs). The team plans to use the funds mainly for setting up of its kitchens.

Healthcare Industry

16) Sidqam Technologies founded by Fardeen Siddiqui and Rahil Qamar Siddiqui: Noida-based digital healthcare company Sidqam Technologies secured $1.2 million Seed funding led by SQue Capital. Grace Capital Ventures and Soham Vencaps, also participated in the round. The company will deploy the funds to expand its services beyond the NCR market, where it currently operates and for marketing visibility.

Financial Industry

17) IndiaLends founded by Gaurav Chopra and Mayank Kachhwaha: Financial technology startup IndiaLends, raised an undisclosed amount in a private equity round of funding led by consumer-focused venture capital firm DSG Consumer Partners and private equity investor Siddharth Parekh in his individual capacity. The startup plans to use the proceeds this funding to expand its footprint across the country and further build its technology.

Advertising Industry

18) Kloseby founded by Rahul Sindhu and Gaurav Garg: Proximity-based SaaS platform Kloseby secured $100K Seed funding from an undisclosed investor. The startup will use the funding to invest in building up the technology, hardware (beacons) and expanding the tech team. A chunk of the funding will be invested in user acquisition for mobile app (on B2C side) and merchant/client acquisition (on B2B side).

Logistics Industry

19) TYGR founded by Aditya Poddar: Transport and logistics app startup TYGR received $3 million in Pre-Series A round of funding from Franchise India and a group of fellow investors. This fund will be used for marketing, product development, and to expand the franchisee-led distribution network in India and globally.

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