Home > Blog > Blog > 21 Indian Startups Making News This Week (11 December- 17 December)

21 Indian Startups Making News This Week (11 December- 17 December)

18/12/2017
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Consumer Internet Industry

1) HomeLane founded by Rama Harinath, Srikanth Iyer and Vivek Parasuram: Bengaluru-based online home interiors startup HomeLane secured $10 million funding from Accel Partners, Sequoia Capital and RB Investments. The Indian startup will use the funds to fuel growth and technology innovation to attract customers and designers alike, while also strengthening its operations in current markets in the country.

2) Houseome.com founded by Pradeep Singhvi: Home interior solutions provider Houseome.com raised an undisclosed amount of funding from an Angel Investor to scale up its operations in Pune. The funding will be used in improving its USP that leverages technology to provide a mock-up of the house to its end consumers, a 3D view of the house even before it is done along with furniture solutions, vaastu guidelines and theme based ideas.

3) Furlenco founded by Ajith Karimpana: Online Furniture Rental startup Furlenco secured an amount of $300K from Bollywood actor and producer Aamir Khan. The startup will utilize the raised funds to expand its record and footprint across the country. It currently has its presence in Bengaluru, Delhi – NCR, Mumbai and Pune.

4) Vacus Tech founded by Pratik Magar: Pune-based interior mapping startup, Vacus Tech, whose product Free Space Tech is based on RFID (Radio-Frequency Identification) technology received prize money of $16K during the Startups Club Demo Day Finale, which is a Pan India pitching event. The startup will further get an opportunity to participate in the events of Startups club and will receive mentoring from some of the top investors in the industry.

5) Simility founded by Kedar Samant, Rahul Pangam and Uttam Phalnikar: California and Hyderabad-based adaptive fraud prevention startup Simility secured $17.million funding from Accel Partners in a Series B round. Existing investors The Valley Fund and Trinity Ventures also participated in this investment along with the new strategic investor PayPal. The startup will deploy the funds to expand its partner network, sales, partnerships, customer success and data science teams.

6) MindTickle founded by Deepak Diwakar, Joydeep Bhattacharyya, Krishna Depura, Mohit Garg and Nishant Mungali: Also, San Francisco and Pune-based sales enablement platform MindTickle raised $27 million in a Series B funding round from Silicon Valley-based VC firm Canaan Partners. Existing investors Accel Partners, New Enterprise Associates (NEA), and Qualcomm’s investment arm, Qualcomm Ventures, also participated in the round. The freshly-secured financing will be used to smooth product innovation and global expansion.

E-commerce Industry

7) Purplle.com founded by Manish Taneja and Rahul Dash: Mumbai-based beauty products and services marketplace Purplle.com, raised $537K in a fresh funding round from a group of investors from Singapore-based Mountain Pine Capital and Suncoast Investments. With the newly raised funding, the firm further plans to widen its range of beauty products on its platform.

8) Shopholix founded by Hemant Upadhyay, Abhinav Midha and Chinmay Bhatt: Mumbai-based fashion & lifestyle couponing platform for brick & mortar stores, Shopholix raised an amount of $233K in a Pre-Series A round of funding from investor Munesh Khanna, with participation from other investors in India and abroad. The startup will use the funds to improve the product, reinforce its partner network, and organize overall operations by March 2018. The company plans to bring on board 10 Lakh total users, and achieve success with a valuation of $15.5 million by 2022.

Healthcare Industry

9) DocsApp founded by Enbasekar D and Satish Kannan: Bengaluru-based online medical consultation platform DocsApp secured $7.2 million in Series A round of funding led by Bessemer Venture Partners and Japanese investment firms Techmatrix Corporation and DeNa Networks. The round also saw the participation of existing backers, including Facebook’s early investors Anand Rajaraman and Venky Harinarayanan, and Japanese VC firm Rebright Partners. The newly-raised capital will go into product development, talent acquisition and expansion of its operational reach.

10) Curofy founded by Mudit Vijayvergiya, Nipun Goyal, Pawan Gupta, Pawan Gupya: Gurugram-based doctor networking app Curofy secured $250K in a fresh round of funding from existing US-based venture capital investor RoundGlass Partners LLC.  The Indian startup will use the raised amount in order to further improve its platform for doctors.

Travel Industry

11) Icanstay.com founded by Puneet Gupta: Delhi-based First Time Travellers Ltd, which operates luxury hotel aggregation startup Icanstay.com, raised $1.8 million from media company HT Media Ltd.  They also raised Rs 2.25 crore in equity funding from Manoj Prasad, an angel investor and founder of Singapore-based investment firm MP Morgan Pte Ltd. This investment will be used to increase their footprint and inventory. The company is targeting a turnover of $108 million by 2020.

Education Industry

12) Logic Roots founded by Gunjan Agrawal and Kunal Gandhi: Jaipur based edtech startup-Logic Roots which helps K-5 students to understand math, raised an investment of $50K from Village Capital through the Village Capital Education 2017, an exclusive platform for edtech startups to pitch their products/services. The startup will further expand its footprints and will improve its shared platform through the raised amount.

13) Project Mudra founded by Aman Srivastava and Sanskriti Dawle: Project Mudra, a startup that develops hardware that allows visually impaired students to read, write, and type Braille with minimal teacher intervention also raised an investment of $50K from Village Capital through the Village Capital Education 2017, an exclusive platform for edtech startups to pitch their products/services.

Fintech Industry

14) CapitaWorld founded by Jinand Shah: Mumbai based fintech startup CapitaWorld raised an undisclosed amount of funding through convertible instrument/equity. The raised funds will be deployed for its PAN India expansion as well as on-boarding and supporting Banks and NBFCs to go digital (contact-less) in their lending business. The funds have been importantly raised through high net-worth individual investors, corporate honchos and investors from Hong Kong and the Middle East.

15) FinBucket founded by Parit Garg and Heena Jain: FinBucket, a New Delhi-based online marketplace for loans raised $1.8 million from Impanix Capital, an early-stage venture capital firm. The startup plans to utilize the funds to quadruple its staff strength to 200 and expand operations. It also plans to start offering insurance products, including life and health insurance.

16) Cash Suvidha founded by Anoop Garg and Rajesh Gupta: Delhi-based online lending startup Cash Suvidha raised an institutional debt of $2.7 million from various financial institutions. The funds have been raised from six financial institutions and will be mainly used to smooth further lending to Small and Medium Enterprises (SMEs). The funding will also allow the Indian startup to strengthen its personal loan products, particularly in Delhi NCR, Bangalore, Pune, Hyderabad, and Mumbai.

Real Estate Industry

17) BuildSupply founded by Nipun Yadvinder and Sarit Sethi: Proptech startup BuildSupply secured an undisclosed amount for its Pre-Series A financing round from Gree Ventures, a premier Japanese Tech Venture fund, with participation from Venture Highway fund; Sonny Kalsi, Founder at GreenOak Real Estate and some industry leading names like Kalpesh Mehta, Rohit Srivastava and Sameer Brij Verma of Nexus Partners. The recent investment round will allow BuildSupply to expand their product and tech team and establish a base across all major metros.

Entertainment Industry

18) Clip App founded by Nav Agrawal: Bengaluru-based video sharing startup Clip App raised $6 million in Series A round of funding from Matrix Partners India. Existing investors Shunwei Capital and India Quotient also participated in the round. The startup plans to use the proceeds majorly for growth and team building.

19) Nazara Technologies founded by Nitish Mittersain: Seasoned investor Rakesh Jhunjhunwala invested $27.99 million in Mumbai-based mobile gaming startup Nazara Technologies. The startup will deploy the raised amount to strengthen its position further in the $360 million online gaming market.

Food & Beverage Industry

20) Teabox founded by Kausshal Dugarr: Siliguri and Bengaluru-based online premium tea brand Teabox raised $7 million in Series B round of funding from Singapore-headquartered VC firm RB Investments. The startup’s existing investors also participated in the round. With the freshly infused amount, the startup will bolster its cold-chain processing centres and it will introduce more resourceful, natural-nitrogen packaging and automate other processes in the supply chain to increase production by 3x to 4x.

21) Vahdam Teas founded by Bala Sarda: Online Tea brand Vahdam secured $1.4 million in a funding round from Fireside Ventures. The startup’s existing investors – Singapore Angel Network, Mumbai Angels and some HNI investors also participated in the round. Post the investment; Fireside Ventures founder Kanwaljit Singh will be joining Vahdam Teas as a board member. Vahdam Teas has picked up an additional $310K in a secondary transaction. The startup will be using the newly-raised financing to expand its product portfolio and introduce new categories of flavored tea and wellness tea.

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