15 Indian Startups Making News This Week (02 September- 09 September 2018)

10/09/2018
funding-dsim

Consumer Internet Industry

1) Wunder Mobility founded by Gunnar Froh: German carpooling app Wunder Mobility secured $30 million in an extended Series B round of funding led by the KCK Group with participation from existing investor Blumberg Capital. The company plans to deploy the funds to push for aggressive growth in New Delhi and aims to double its numbers in India in the next five months.

2) DailyHunt founded by Virendra Gupta: Bengaluru-based news and ebooks mobile app Dailyhunt secured $6.39 million in an extended Series E round from Falcon Edge.

3) CloudCherry founded by Vinod Muthukrishnan: India and US-based customer experience management software provider Cloudcherry raised $9 million in Series A funding round from Pelion Venture Partners along with Cisco Investments, Vertex Ventures and IDG Ventures India. The startup plans to use these funds to grow its North American Sales and Marketing teams, build out its go-to-market capabilities, and also expand its technological lead through a laser focus on Data Sciences for CX.

4) ClearDekho founded by Saurabh Dayal and Shivi Singh:  Delhi-based budget eyewear brand raised an undisclosed amount of funding from SOSV-MOX China Accelerator, Asia’s leading mobile accelerator. It aims to use the funds to capture the budget Eyewear market in India and looks at a range of Industry first cross-border partnerships.

E-commerce Industry

5) Nykaa founded by Falguni Nayar: Mumbai-based online beauty marketplace Nykaa raised $15.72 million led by consumer-focused private equity manager’s Lighthouse India Fund III. It further aims to fuel its plans towards expanding its offline presence from 17 stores currently to about 55 stores by FY19-end.

6) Heelium founded by Prateek Sharma and Siddharth Jain: Heelium, a Pune-based startup that creates customized running-footwear products received an undisclosed amount of Seed funding from CIIE Initiatives, the tech incubator of IIM Ahmedabad. Heelium’s first product was premium and durable Bamboo athletic socks engineered to absorb more impact, provide odour control, and allow better perspiration. It plans to use the funds to fuel its sales, operations and business development efforts.

Technology Industry

7) Mad Street Den founded by Ashwini Asokan: India and US-based computer vision and artificial intelligence (AI) startup Mad Street Den raised an undisclosed amount of funding from KDDI via KDDI Open Innovation Fund 2. They plan to use the funds to improve its artificial intelligence capabilities and also to grow its sales and marketing workforce.

8) SignCatch founded by Sumit Duggal and Saurabh Dwivedi: Delhi and NCR-based retail tech startup SignCatch raised an undisclosed amount in a new funding round from ThinKuvate, a Singapore-based early-stage venture capital firm. The startup will utilize the funding to fuel its expansion plans and access the Southeast Asian markets.

9) ThinCl founded by Dinakar: ThinCI Inc., an AI hardware startup based in California with offices in UK and Hyderabad, India announced the successful closure of its $65 million Series C round. The company goals to expand the current team to more than 350 in India, by hiring talent for their engineering and customer operations groups.

10) GreyOrange founded by Samay Kohli and Akash Gupta: Gurugram-based Warehousing automation and robotics startup GreyOrange raised $140 million in a funding round from Mithril Capital, with participation from Flipkart co-founder Binny Bansal and Blume Ventures. Mithril Capital’s co-founder Ajay Royan will join the startup’s board.

11) Dream11 founded by Bhavit Sheth and Harsh Jain: Mumbai-based fantasy gaming startup Dream11 raised $100 million in a Series D funding round from Tencent. Existing investors, including Kalaari Capital and Multiples Alternate Asset Management, also participated in the funding round. The company will invest in technology, people and expand our product offering to offer the best-in-class sports experience to its users.

Fintech Industry

12) SlicePay founded by Deepak Malhotra: Bengaluru-based fintech startup SlicePay, which offers instant credit to the millennials, raised an undisclosed amount of funding as part of its ongoing Series A round. The startup plans to expand its current services to tier-2 cities this year.

Healthcare Industry

13) Netmeds founded by Pradeep Dadha and Bruce Schwack: Chennai-based online pharma chain Netmeds secured $35 million in a Series C funding round from its existing investors, and medicine distributor and importer Daun Penh Cambodia Group (DPCG). The company aims to influence the investment for expanding its reach and making quality medication and healthcare available and affordable to more Indians.

Food & Beverage Industry

14) Chaayos founded by Nitin Saluja: Delhi/NCR-based tea cafe chain Chaayos raised $12 million in Series B funding from marquee venture capital firm SAIF Partners, Integrated Capital, and Pactolus. The company plans to utilize the funding to further deepen its offline presence in the geographies it is currently present in.

Travel Industry

15) HappyEasyGo founded by Vivek Prabhakar: Gurugram-based online travel agency (OTA) platform HappyEasyGo secured an undisclosed amount of fund in a Series A+ round from South Korea-based Korea Investment Partners (KIP), Samsung and China-based CITIC Capital along with other investors. China-based venture capital firm Ganesh Ventures, a Jack Ma backed fund which invests in tech startups is among its existing investors.

Share Button
Masters in
Digital Marketing
for professionals & job seekers
Learn how to market a business online just like experts & agencies do it.
Learn from real practitioners not just trainers.

Watch DSIM Trainees Celebrating Last Day of Batch

Watch Demo

Leave a comment:


Call Us
Free Demo