Home > Blog > Blog > 17 Indian Startups Making News This Week (26 February- 04 March 2018)

17 Indian Startups Making News This Week (26 February- 04 March 2018)

05/03/2018
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Consumer Internet Industry

1) Trilyo founded by Abhishek Moharana and Gaurav Gambhir: A Bengaluru-based B2B hospitality industry SaaS startup, Trilyo that offers AI driven Voice and chat-based solutions for providing next-generation customer experience secured $250K funding led by Startup Buddy, Pulse Venture Capital, Amit Manocha and others. The capital will be mainly deployed to scale the operations in India and Southeast Asia.

2) Gegadyne Energy founded by Jubin Varghese: Indian startup Gegadyne raised an undisclosed amount in a funding round from Mumbai Angels Network. With its patent-pending battery technology, the startup will allow recharging batteries in a rapid manner without the need for fast charging.

3) MintClean founded by Arunabh Sinha: Faridabad-based home cleaning venture MintClean, a subsidiary of united laundry services providing startup UClean raised $1 million in initial funding from UClean’s existing backer Franchise India, and Anubhav Chopra. The startup plans to use these funds to create a tech platform for the business, which mainly is B2B and B2C in nature. It also targets to use these funds to beginner suitable franchises and leads them through marketing.

E-commerce Industry

4) Urban Ladder founded by Ashish Goel and Rajiv Srivatsa: Bengaluru-based online furniture retailer Urban Ladder secured $12 million from Sequoia Capital, SAIF Partners and Kalaari capital in Series E1 funding round. The startup will utilize the funding to further its omnichannel expansion, online and offline.

5) Furlenco founded by Ajith Karimpana: Bengaluru-based online furniture rental startup Furlenco secured $773.1K led by Mumbai-based Signet Chemical Corporation.

6) Myntra founded by Ashutosh Lawania, Raveen Sastry and Vineet Saxena: Indian e-commerce giant, Flipkart has infused $176 million in its fashion arm Myntra Jabong Private Limited. The funding was routed through Flipkart’s Singapore-based subsidiary FK Myntra Holding Private Limited.

Technology Industry

7) Qandle founded by Chayan Mukhopadhyay and Himanshu Aggarwal: HRTech startup Qandle raised $1.2 million in a Pre-Series A funding from Hong Kong-based venture capital firm Redwood Internet Ventures Ltd. Arun Chandra Mohan, former managing director at fashion e-tailer Jabong and ex-venture partner at Rocket Internet, had also participated in the round.

8) Survaider founded by Madhulika Mukherjee and Tushar Mishra: SaaS-based customer experience management startup Survaider secured $500K in a funding round co-led by The Chennai Angels and Axilor Ventures with participation from other angels. With this round of funding, the startup aims to focus on product enrichment, expanding to other verticals, in India as well as internationally.

9) Planys Technologies founded by Tanuj Jhunjhunwala: Chennai-based submersible robotic inspection startup Planys Technologies raised $2.16 million in Series A round of funding from Oil and Natural Gas Corporation Limited (ONGC) Start-up Fund and Ranjan Pai’s MEMG Family Office. Kris Gopalakrishnan’s (Co-Founder, Infosys; Chairman, Axilor Ventures) Pratithi Trust, Keiretsu Forum (Chennai and Singapore) and other individuals also participated in the round.

Fintech Industry

10) Credy founded by Harshit Vaishnav and Pratish Gandhi: Online lending platform Credy raised $1.4 million in Seed funding from prominent investors including Y Combinator, Khosla Ventures, Vy Capital, and a bunch of Silicon Valley-based angel investors. The startup will utilize the incomes to expressively ramp up the loan book, forge partnerships with institutional lenders, hire talent for operations, and further build the technology to underwrite the customer.

Healthcare Industry

11) Predible Health founded by Suthirth Vaidya: Artificial Intelligence-based cancer radiology platform Predible Health raised an undisclosed amount of funding led by Unitus Seed Fund, an impact venture fund investing in early-stage startups. The startup will use the funds to scale its cancer AI platform as well as invest in regulatory approvals for its existing products.

12) PharmEasy founded by Dharmil Sheth, Dhaval Shah and Mikhil Innani: Mumbai-based health tech startup PharmEasy raised $30 million in Series C funding round led by existing investors: Bessemer Venture Partners and Orios Venture Partners, and new investors: JM Financials and MEMG. The startup will utilize the funds to boost up its geographical expansion and in hiring tech talent.

Entertainment Industry

13) Gaana founded by Avinash Mudaliar: An online music streaming service provider Gaana revealing $115 million fundraise from Tencent and Times Internet in order to enhance the user experience on its platform and strengthen its tech. The company plans to use AI to personalize music experiences for each consumer, to further develop its subscription product for paying users, and to develop aligned music experiences for Gaana consumers.

Digital Industry

14) Lollypop founded by Anil Reddy: Bengaluru-based digital design startup, Lollypop raised angel funding from Dr. Devi Shetty and Family. The funding will be utilized by the startup for expansion into multiple cities with an aim to be able to serve the clients better.

Real Estate Industry

15) NestAway founded by Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Parida: A home rental startup NestAway secured $51 million funding from Goldman Sachs, UC-RNT Fund and the University of California.Apart from that, existing investors including Tiger Global and IDG India also participated in the financing round.

Education Industry

16) Avishkaar Box founded by Tarun Bhalla: Edtech startup, working on creating an ecosystem to create immersive learning experiences that encourage innovation, secured $767K in Pre Series A round of funding from Auxano Deals. The startups plan to utilize these funds to strengthen its presence pan-India and for a rapid expansion in Asia.

17) Buddy4Study founded by Ashutosh Burnwal: Noida-based online scholarship providing platform Buddy4Study raised around $3 million in Series A round of funding round led by existing investor CBA Capital through its $15.6 million Education Catalyst Fund or ECF. The startup will use the freshly raised funding to scale up in a major way and expand its operations significantly.

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