14 Indian Startups Making News This Week (10 September- 16 September 2018)

18/09/2018
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Consumer Internet Industry

1) 91springboard founded by Pranay Gupta and Anand Vemuri: Tokyo-based marketing technology company FreakOut has invested in co-working space stratup 91Springboard, marking its first investment in India. The recent investment is part of the company’s new programme “Funding Initiative”. The company is eyeing to reinforce its position in India through its new initiative, as it helps Indian startups to scale their business across global markets.

2) BabyChakra founded by Naiyya Saggi: Mumbai-based online parenting platform Babychakra secured an undisclosed amount of new funding from a group of senior corporate leads including Equanimity Ventures Fund, Anand Chandrasekaran; Maninder Gulati; and Gideon Marks. The new capital will be used to further reinforce BabyChakra’s region- and language-specific content and communities and deepen personalization on the product platform.

3) MamaEarth founded by Varun and Ghazal Alagh: Gurugram-based mother and baby care startup MamaEarth raised $4 million in a Series A round of funding led by early-stage technology-focused venture capital (VC) firm Stellaris Ventures. The startup plans to use the secured capital to expand its team, invest further in product research and development, support its offline retail presence, and scale up direct consumer reach while building brand awareness.

4) Tappp founded by Sandy Agarwal: Mumbai-based prepaid platform Tappp raised $5 million in a Series A Funding round from global sports tech venture fund ADvantage in participation with Elysian Park (LA Dodgers fund), Accomplice, Go4it, Courtside VC and Sterling VC.

5) LeagueSX founded by Anshul Agrawal: LeagueSX, India’s first football fans engagement platform using Fantasy sports at its core secured an undisclosed amount of funding from marquee of Indian and International investors. The startup has seen traction of over 30000+ users from around 163 countries in Asia, Africa and South America.

Technology Industry

6) AutoGrid founded by Amit Narayan: Artificial intelligence-based energy optimization and control provider, AutoGrid raised $32 million in a Series D funding round from energy companies CLP Holdings Group, based in Southeast Asia, Innogy from Germany, Ørstead from Denmark, and Tenaska from the US. The company plans to use funds to accelerate commercial deployment of its AutoGrid Flex platform across North America, Europe, and Asia-Pacific.

Education Industry

7) Verzeo founded by Vungarala V Subrahmanyam: Bengaluru-based AI-focussed edtech startup Verzeo secured Series A funding of $5 million. The company plans to use the funds to improve marketing and expansion of the product as well as on research and development.

8) Vokal founded by Aprameya Radhakrishna and Mayank Bidawatka: Bengaluru-based vernacular knowledge sharing platform Vokal raised $6.5 million in a Series A round of funding from Bengaluru-based venture capital (VC) firm Kalaari Capital. The funding round also saw participation from Shunwei Capital, 500 startups, Accel India, and Mumbai-based Blume Ventures. The platform plans to deploy funds to expand to multiple languages and to reinforce its product and technology.

Fintech Industry

9) Bon founded by Bhasker “Bosky” Kode: Pune-based financial services company for gig economy workers Bon raised $1.08 million in a Seed Round from Omidyar Network in participation with Axilor Ventures and Better Capital’s AngelList India Syndicate. The startup plans to utilize the funding to further partnerships with banks and non-banking financial companies (NBFCs) as well as increase its presence to 25 cities across India over the next 18 months and kick off operations in other markets in Asia.

10) Kissht founded by Krishnan Vishwanathan: Mumbai-based fintech startup Kissht secured $30 million in a Series C round from Vertex Ventures Southeast Asia (SEA) and India and Sistema Asia Fund, with participation from existing investors Fosun RZ Capital, Ventureast, and Endiya Partners. The startup plans to deploy the funding to increase its base of both offline and online merchants, deepen its presence across categories, and further improve its data and analytics skills.

11) Upwards Fintech founded by Abhishek Soni and Nimesh Verma: Mumbai-based fintech startup Upwards Fintech secured $5 million in a Series A round of funding led by Chinese venture fund Shunwei Capital in participation with the existing seed investors, including Mumbai-based India Quotient and Mayfield. The startup plans to use the raised funds to reinforce its technology and data science capabilities and to expand to more cities.

Healthcare Industry

12) PharmEasy founded by Dr. Dhaval Shah: Mumbai-based healthtech startup PharmEasy raised $5.5 million in a venture debt funding round from Mumbai-based InnoVen Capital. The startup plans to use for strengthening inventory, developing the warehouse across the country and also receive better customer experience.

Food & Beverage Industry

13) Frubites founded by Bharat Kulkarni: Pune-based Rev Snack Pvt. Ltd., a real fruit snacks brand, secured an undisclosed amount of funding from Mumbai Angels Network (MA Network) alongside external investors. The startup will deploy the funding to build the brand, expand distribution, and widen their product offering across vegetables, nuts, and more fruits.

Logistics Industry

14) ShiftKarado founded by Atul Mithal, Sahil Mithal, Aulina Mithal Sood and Ashish Mullick: Gurugram-based tech-oriented packing and moving company ShiftKarado raised $693 K funding from Star WorldWide Group. The startup will use for more resources and upgrade its services, for a better customer experience.

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