Home > Blog > Blog > 19 Indian Startups Making News This Week (06 August- 12 August 2018)

19 Indian Startups Making News This Week (06 August- 12 August 2018)

13/08/2018
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Consumer Internet Industry

1) ZipGo founded by Jitender Sharma, Gaurav Agarwal, Neeraj Paliwal, and Pritesh Gupta: New Delhi-based intra-city bus services provider ZipGo raised a Series B investment of $29.14 million led by the Subhash Chandra-led Essel Group. The startup plans to deploy the capital to expand its fleet and route network and to transition to a 100% electric bus fleet.

2) Lenskart founded by Peyush Bansal: Faridabad-based eyewear solutions provider Lenskart secured an undisclosed amount of funding led by Epiq Capital. The funding round also saw investment from TR Capital and Hong Kong-based hedge fund Steadview Capital.

3) Wishup founded by Neelesh Rangwani and Vivek Gupta: Delhi-based virtual employee provider startup Wishup closed its pre-Series funding round from Inflection Point Ventures. The startup plans to use the funds to accelerate its growth to reach out to its startup clients and self-employed professionals.

4) Try & Buy Fashions founded by Nitin Vats:  Virtual trial room provider Try & Buy Fashions raised $1 million led by Venture Catalysts. The startup plans to deploy the funds to bring online shopping as close to the offline experience and it will be next launching a full video version where user’s video with the dress will be generated promptly.

E-commerce Industry

5) ShopX founded by Amit Sharma and Apoorva Jois: Bengaluru-based assisted e-commerce startup ShopX raised $35 million funding led by Frung Strategic Holdings. It plans to expand to lakhs of small merchants, strengthen its product and technology and build new offerings covering multiple product verticals.

Technology Industry

6) Hansel.io founded by Varun Ramamurthy Dinakar: Bengaluru-based real-time mobile management application Hansel.io raised $4 million in a funding round from Vertex Ventures along with the participation from IDG Ventures and Endiya Partners. The startup plans to use the funding to accelerate its expansion to international markets, especially the US.

Education Industry

7) Quizizz founded by Ankit Gupta: Bengaluru-based e-learning platform Quizizz secured $3 million in a funding round from Nexus Venture Partners along with the participation from Prime Venture Partners and Nexus Venture Partners. The startup plans to use the funds to develop new products that help students master standards specific to their grade level, school, and state.

Fintech Industry

8) PhonePe founded by Sameer Nigam, Burzin Engineer and Rahul Chari: Bengaluru-based fintech startup PhonePe raised $65.8 million led by its parent company Flipkart.

9) Mswipe founded by Manish Patel: Mumbai-based mobile point-of-sales provider Mswipe technologies raised an undisclosed amount of funding from Epiq Capital.

10) Prest Loans founded by Ashok Mittal: New Delhi-based digital lending platform Prest Loans secured $100K led by its promoters. The platform plans to use the capital to further strengthen the technology and meet the growing demand for credit.

11) Olly Credit founded by Ashwin Bhambri: Delhi-based early-based startup Olly Credit raised an undisclosed amount in funding from China-headquartered JadeValue and Lead Angels Network. The startup plans to utilize the funds to introduce credit card loans for students.

12) HappyEMI founded by Suhas Gopinath: Bengaluru-based consumer fintech startup HappyEMI raised a seed funding of $1 million from AJ Ventures and Jain international Trade Organizations. The startup plans to deploy the new funds to credit offering to sectors such as education, healthcare services, and to start offering loans at interest-free equated monthly installments (EMIs).

Healthcare Industry

13) Guardian Healthcare founded by Joe Owen: Mumbai-based chain of health, wellness and beauty stores raised an undisclosed amount by selling its minority stake to Bollywood actor John Abraham. The company aims to offer cures, care, and convenience to its customers and has manned its pharmacies with qualified and highly trained pharmacists who advise patients on their health and wellness problems.

14) Carmesi founded by Tanvi Johri: Gurugram-based all natural sanitary pad startup Carmesi in its pre-Series A round of funding $497K from Samarth Bedi, managing director at Forest Essentials. The round also saw participation from other prominent investors including Satveer Thakral from the Thakral Group, Mahesh Patel, Rohit Reddy, and Samir Saran along with other existing investors. The startup plans to deploy the raised funds to further reinforce the brand’s marketing, expanding the product line to introduce more supportable period-care products, and establish a stronger and well-penetrated distribution strategy.

Logistics Industry

15) Shadowfax founded by Abhishek Bansal: Bengaluru-based online-to-offline (O2O) Logistics Company raised $22 million Series C funding round from NGP Capital. The company plans to use the new funds for a concentrated 360° scale-up and, by 2021, it aims to connect four lakh new businesses and delivery partners to its platform, up from the current 40,000 connections.

Real Estate Industry

16) Nestaway founded by Deepak Dhar, Jitendra Jagadev, Amarendra Sahu, and Smruti Parida: Bengaluru-based online home rental network Nestaway technologies secured an undisclosed amount of funding from Epiq Capital.

Automobile Industry

17) Metro Bikes founded by Vivekananda HR, Varun Agni and Anil G: Bengaluru-based bike rental startup Metro Bikes raised $12. 2 million in Series A funding round from Sequoia Capital India Advisors and Accel Partners. The startup plans to deploy the funds to scale up its networks in Bengaluru and to work on improving its delivery models and expand to other major cities across India by 2020.

Travel Industry

18) MakeMyTrip founded by Deep Kalra: Gurugram-based online travel aggregator MakeMyTrip raised $10 million investment from its Mauritius-based parent company MakeMyTrip Limited.

Entertainment Industry

19) Lokal founded by Jani pasha: Bengaluru-based fledging hyperlocal video news platform Lokal secured an undisclosed amount of funding from venture capital firm India Quotient. The startup plans to utilize the funds to reinforce its team and expand in key geographical areas. It is also building a local news platform across India in native languages, leveraging freelancers, and on-ground journalists.

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