Home > Blog > Blog > 15 Indian Startups Making News This Week (21 August- 27 August)

15 Indian Startups Making News This Week (21 August- 27 August)

28/08/2017
funding-dsim

Consumer Internet Industry

1) Flochat founded by Prateek Lal: Mumbai-based instant messaging platform Flochat raised an undisclosed amount led by iSquare Global, the venture capital arm of Apex Advisors.  The startup will use the capital to launch its operations in Dubai and for audio and video product development.

2) GoMechanic founded by Amit Bhasin and Kushal Karwa: Delhi-based car repair and automobile servicing startup GoMechanicsecured seed funding from Orios Venture Partners and Dhianu Das, one of the leading angel investor. The startup funding will be utilized for expanding partnerships with car service centers and customer acquisition.

3) Ezetap founded by Abhijit Bose, Bhaktha Keshavachar and Sanjay Swamy: Bengaluru-based mPOS solutions provider Ezetap raised $16 million in a funding round from JS Capital Management, the VC arm of Jonathan Soros. As part of the round, the startup’s existing investors, Social Capital and Hong Kong-based Horizons Ventures, also increased their stake in the digital payments company. The startup will be utilizing the funding to innovate further and expand its payments platform. It is also currently looking to increase its sales and operations across most cities in India as well as overseas. Post the funding round, Salil Seshadri, the Chief Information Officer at JS Capital Management, will be joining Ezetap’s Board.

4) Websites.co.in founded by Kartik Raichura:  Mumbai-based Websites.co.in got selected by social media giant Facebook Inc. for its early-stage startup mentorship programme FbStart. The startup received credits worth $40K and free tools and services from Facebook and its more than 30 partners including Amazon, UserTesting, Dropbox and MailChimp. Besides partners, startups get free access to more than 25 services including open source tools like React Native, FB Login and Account Kit and App Analytics.

E-commerce Industry

5) Rootefy founded by Nitish Gupta and Manish Kishore: Rootefy International Pvt. Ltd, which runs building material megastore rootefy.com, raised $187K in a seed funding from Abhinav Gupta, director at Gurgaon-based real estate firm BNB Group.  The startup will deploy the funds for infrastructure building, product portfolio enhancement, technology development, and team expansion.

6) Bombay Shaving Company founded by Shantanu Deshpande, Raunak Munot, Deepu Panicker and Rohit Jaiswal: Delhi-based male grooming startup Bombay Shaving Company raised $2.3 million in Pre-Series A round of funding from Fireside Ventures. Existing investors S Ramadorai, former CEO at TCS; Pankaj Gupta, supply director at USL Diageo, and senior executives at McKinsey & Co. also participated in the round. The startup will use the newly raised funds to fuel its branding efforts, new product development and expansion into offline sales channels like salons and supermarket chains.

7) Milk Basket founded by Anant Goel, Ashish Goel, Anurag Jain and Yatish Talvadia: Gurugram-based online grocery startup Milkbasket secured an undisclosed amount in a Pre-Series A round of funding led by Blume Ventures. Lenovo Capital and Incubator Group (LCIG) also participated in the round. The startup funding will go into expanding the company’s operations in Gurugram. A portion of the funding will be used to acquire new talents in technology, supply chain, and operations.

8) Inkmonk founded by Isaac John Weasley and Surya Sankar: Chennai-based Inkmonk, an online printing marketplace for customized products secured $750K in an angel round of funding led by VAMM Ventures, which invests in seed and early stage startups. Two Japan-based companies, Raksul and Dena, also participated in the startup funding round. The startup aims at expanding categories from 30 to 100, in the next four months and further increases their marketing activities, with the freshly raised funding.

Technology Industry

9) Uniphore founded by Umesh Sachdev and Ravi Saraogi: Uniphore Software Systems Pvt. Ltd, a Chennai-based speech recognition startup, raised $6.8 million in a Series B round of funding to further business expansion.

10) EasyGov founded by Amit Shukla: Noida-based SaaS startup EasyGov raised an undisclosed amount in angel funding round led by Social Alpha, a Tata Trusts initiative. Other angel investors including Rajan Anandan, Rajeev Ahuja (Navayuga Group), Kshitij Arora and other investors on LetsVenture also participated in the round. The startup funding will be deployed to develop local language support and also use a part of the money towards product enhancement and research and development.

11) Indiez founded by Nitesh Agrawal, Ishan Shrivastava, Archit Kejriwal, and Amrose Birani: Bengaluru-based software development talent platform Indiez raised $500K in an angel funding from veteran investor Haresh Chawla. The startup funding will be deployed to invest the freshly raised funds towards technology and expanding into the US market.

12) Druva founded by Jaspreet Singh, Milind Borate and Ramani Kothandaraman: California and India-based cloud data protection and management firm Druva secured $80million in growth equity funding in a round from Riverwood Capital. The round also saw participation from Sequoia Capital India, Nexus Venture Partners, Tenaya Capital and its existing venture investors. This round gets the total funding raised by Druva to closely $200 million.

13) Crowd4Test founded by Ranganadh Damera: Smart Software Testing Solutions Inc. (SSTS), invested in Crowd4Test, a Bengaluru-based startup building SaaS platform for managed crowd testing and user experience testing. SSTS is a company behind pCloudy.com, one of largest mobile device cloud platform. As part of the arrangement, Avinash Tiwari, Co-founder & Director of SSTS will join the board of Crowd4Test.com.

Education Industry

14) Cerebroz founded by Vijay Kantharia, Nikhil Adroja, Nilesh Suryavanshi, Vikas Tiwari, Sadariya Hiral and Dipika Kher: Vadodara-based ed-tech stratup, Cerebroz Edutree LLP, which manufactures a device with customized educational content, raised $734K in seed funding from Dubai-based high net worth individuals. The startup will use the money to scale up its manufacturing capacity and expand its footprint across Gujarat.

FinTech Industry

15) Capital Float founded by Sashank Rishyasringa and Gaurav Hinduja: Bengaluru-based online SME lending platform Capital Float raised $45 million in Series C round of funding from Silicon Valley-based Ribbit Capital. The round also saw participation from existing investors SAIF Partners, Sequoia India and Creation Investments. It currently has an active loan book of $109 million and plans to grow these assets under management to $234 million.

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