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6 “New Business Ideas” For You This Week (05-11 Nov. 2018)

12/11/2018
funding-dsim
S.No. Startup Ideas Founded In Founder Funding Amount
1 Meesho 2015 Vidit Aatrey, Sanjeev Barnwal $50 million
2 Dunzo 2015 Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, Mukund Jha $962.5K
3 Amazon Transportation Services (ATS) 2015 Jeff Bezos $16.7 million
4 Walmart India 2007 ‎Sam Walton $37.68 million
5 Mobile Premier League (MPL) 2018 Sai Srinivas Kiran G, Shubham Malhotra $5 million
6 iChamp 2011 Mohit Bansal, Anil Kumar Undisclosed

Consumer Internet Industry

1) Meesho

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Founded: 2015

Founder: Vidit Aatrey, Sanjeev Barnwal

Funding raised: $50 million

Summary: Bengaluru-based social commerce startup Meesho operates as an online marketplace, which connects resellers directly with raw material suppliers.

It raised its Series C funding round, with the entry of three new investors: Shunwei Capital, DST Partners and RPS Ventures. Existing investors including Sequoia India, SAIF Partners, Venture Highway, and Y Combinator (2017) also participated in the latest funding round.

Future Planning: The company plans to use the fresh funds to build a stronger product and scale its technology team.

2) Dunzo

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Founded: 2015

Founder: Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, Mukund Jha

Funding raised: $962.5K

Summary: Bengaluru-based daily tasks management app, Dunzo is an app that connects you with the nearest available delivery partner to pickup or deliver items for you.

It raised funds from venture debt firm Alteria Capital, by issuing secured non-convertible debentures.

Future Planning: The startup will use the capital to expand its services.

E-commerce Industry

3) Amazon Transportation Services (ATS)

Founded: 2015

Founder: Jeff Bezos

Funding raised: $16.7 million

Summary: Amazon had launched its logistics arm, Amazon Transportation Services (ATS), in March 2015. Amazon invested funds in ATS thereby taking the total funding raised so far to $92.4 million. To date, Amazon has established 67 fulfillment centres in the country, which cover an area of 20 million cubic feet of space in 13 Indian states.

4) Walmart India

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Founded: 2007

Founder: ‎Sam Walton

Funding raised: $37.68 million

Summary: Walmart India is a wholly owned subsidiary of Walmart Stores Inc., the world’s leading retailer famous for its efficiency and expertise in logistics, supply chain management and sourcing.

Walmart Investments Cooperatieve U.A, Amsterdam, invested funds into its Indian subsidiary Walmart India. Walmart opened its 23rd wholesale store in Visakhapatnam recently. It claims 19 of these centres have achieved break even.

Future Planning: The Company will plan to open another 47 stores by 2022 to take the total number of outlets to 70.

Gaming Industry

5) Mobile Premier League (MPL)

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Founded: 2018

Founder: Sai Srinivas Kiran G, Shubham Malhotra

Funding raised: $5 million

Summary: Digital gaming startup MPL is a gaming platform where users compete in live tournaments for skill-based mobile games to win money.

It raised its Series A round of funding led by VC firm Sequoia Capital. The startup is operated by Galactus Funware Technology Pvt. Ltd.

Future Planning: The funds will be used by MPL to expand its operations and build its product.

Education Industry

6) iChamp

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Founded: 2011

Founder: Mohit Bansal, Anil Kumar

Funding raised: Undisclosed

Summary: iChamp is India’s first LIVE and real-time gaming edtech platform aimed at improving understanding of concepts of Mathematics by games, quizzes and activities besides continuous practice.

New Delhi-based Adda52.com, an online poker platform, invested in edtech startup, iChamp in a seed funding round.

Future Planning: The capital will help iChamp in expanding operations, increasing user base and enhancing product features.

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