8 “New Business Ideas” For You This Week (22-28 Oct. 2018)

31/10/2018
funding-dsim
S.No. Startup Ideas Founded In Founder Funding Amount
1 Clensta International 2016 Puneet Gupta Undisclosed
2 TabSquare 2012 Anshul Gupta, Chirag Tejuja, Sankaran Sreeraman $10 million
3 VideoKen 2017 Ashish Vikram, Manish Gupta $1 million
4 Hiver 2011 Niraj Ranjan Rout, Nitesh Nandy $4 million
5 ClearTax 2011 Archit Gupta $50 million
6 Cube Wealth 2011 Jitendra Gupta, Satyen V Kothari $2 million
7 LetsShave 2015 Sidharth Oberoi Undisclosed
8 GuruQ 2017 Minal Anand $330K

Consumer Internet Industry

1) Clensta International

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Founded: 2016

Founder: Puneet Gupta

Funding raised: Undisclosed

Summary: Delhi-based biotechnology startup Clensta International helps soldiers cleanse themselves without water.

It has raised an undisclosed amount of seed funding from Indian Angel Network and its first venture capital (VC) fund, IAN Fund and other groups of investors.

Future Planning: The startup plans to use the funds to launch its products in the B2C space and develop newer products in the personal hygiene category.

Technology Industry

2) TabSquare

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Founded: 2012

Founder:  Anshul Gupta, Chirag Tejuja, Sankaran Sreeraman

Funding raised: $10 million

Summary: TabSquare, a leading provider of AI-Powered Smart In-Restaurant solutions has raised funding in its Series B funding. The Series B round was led by Kakaku.com with the support of Coca-Cola Amatil, Resorts World Inc. Existing investor Walden International also participated in this round of funding.

Working Model: TabSquare offers F&B digital ordering systems using AI to make personalized menu recommendations and boost revenues for restaurants.

Future Planning: The Company plans to use the raised funds to aim its threefold target: to enhance their AI-powered tech solutions, grow its geographic presence across Asia Pacific including Australia, Indonesia, Malaysia, Singapore and Thailand; and increase manpower to aid these efforts.

3) VideoKen

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Founded: 2017

Founder: Ashish Vikram, Manish Gupta

Funding raised: $1 million

Summary: AI-based video product solutions company VideoKen helps organizations deliver personalized learning at scale.

It has raised funding in its second round of seed funding from SRI Capital and Touchstone Equities, with Hyderabad Angels being the other major investor.

Future Planning: The Company plans to use the freshly raised funds for further expansion in the North America region.

4) Hiver

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Founded: 2011

Founder: Niraj Ranjan Rout, Nitesh Nandy

Funding raised: $4 million

Summary: Bengaluru-based SaaS platform Hiver (previously Grexit) turns your email inbox into a simple, powerful collaboration tool has raised funds in a new round of funding from venture capital firms Kalaari Capital and Kae Capital.

Future Planning: The startup will use the funding for product development, as well as expanding its global customer base.

Fintech Industry

5) ClearTax

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Founded: 2011

Founder: Archit Gupta

Funding raised: $50 million

Summary: Y Combinator-backed fintech startup ClearTax helps individuals prepare and e-file their Income Tax Return online.

It has raised new funds in its Series B round of funding from Hong Kong-based investment firm Composite Capital.

Future Planning: The startup is looking to use the fresh funds to further accelerate its growth and expand the suite of products and services on its platform.

Healthcare Industry

6) Cube Wealth

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Founded: 2011

Founder: Jitendra Gupta, Satyen V Kothari

Funding raised: $2 million

Summary:  Mumbai-based automated wealth tech app Cube Wealth helps manage investment portfolios and provides investment advice from registered advisers.

It has raised funds in its equity funding round. International angel and seed investors from Silicon Valley, Hong Kong, Europe, Singapore, and India including Beenext participated in the latest round of funding.

Future Planning: The startup will use the funding to add additional asset partners and develop a network of premium sales/marketing partners and IFAs across the country.

Beauty Industry

7) LetsShave

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Founded: 2015

Founder: Sidharth Oberoi

Funding raised: Undisclosed

Summary: Chandigarh-based men grooming company LetsShave has raised its fresh funding from Korean razor manufacturer Dorco Ltd against a 10% stake.

Future Planning: The Company plans to utilize the raised funds towards its online business and expanding the product portfolio to cater to men’s and women’s grooming needs more professionally.

Education Industry

8) GuruQ

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Founded: 2017

Founder: Minal Anand

Funding raised: $330K

Summary: Delhi-based edtech startup GuruQ aims to address the need for a single, simplified and cohesive ed-tech platform that provides online and offline tutoring. It has secured in its round of funding from a group of HNIs.

Future Planning: The startup will use these funds for expansion and marketing of the company.

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