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17 “New Business Ideas” For You This Week (10- 16 Dec. 2018)

17/12/2018
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S.No. Startup Ideas Founded In Founder Funding Amount
1 Housejoy 2014 Arjun Kumar, Sunil Goel $3.24 million
2 Wakefit 2007 Chaitanya Ramalingegowda $9 million
3 Wow Venue 2015 Ganesh Rai $1.5 million
4 FeedMyPockets 2017 Naveen Ramachandra, Prashant Janadri $625K
5 Flipkart 2007 Sachin Bansal, Binny Bansal $304 million
6 Plum 2013 Shankar Prasad Undisclosed
7 Roposo 2012 Avinash Saxena, Kaushal Shubhank, Mayank Bhangadia $10 million
8 LambdaTest 2017 Asad Khan, Jay Singh $1 million
9 Ambee 2017 Akshay Joshi, Madhusudhan Anand Undisclosed
10 Aye Finance 2014 Sanjay Sharma, Vikram Jetley $2.78 million
11 PerkFinance 2017 Vikas Kothari, Vivek Kandkur, Yogesh Keswani $900K
12 Ninjacart 2015 Ashutosh Vikram, Kartheeswaran K K, Sharath Loganathan, Thirukumaran Nagarajan, Vasu Devan $34.6 million
13 Licious 2015 Abhay Hanjura, Vivek Gupta $25 million
14 BYJU’S  2008 Byju Raveendran, Divya Gokulnath $328 million
15 MadGuy Labs 2015 Alok Katiyar Undisclosed
16 PlanetSpark 2016 Kunal Malik, Maneesh Dhooper $222K
17 MyNewCar.in 2014 Madhukar Manpuria $1 million

Consumer Internet Industry

1) Housejoy

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Founded: 2014

Founder:  Arjun Kumar, Sunil Goel

Funding raised: $3.24 million

Summary: Bengaluru-based hyperlocal home services startup, Housejoy, is a web platform that allows homeowners to browse and book quality service providers like electricians, plumbers etc.

It has raised funds in a bridge funding round led by Matrix Partners India. Vertex Ventures, RTP Ventures, Qualcomm Ventures, and Saama Capital also participated in the round.

2) Wakefit

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Founded: 2007

Founder: Chaitanya Ramalingegowda

Funding raised: $9 million

Summary: Bengaluru-based mattress and sleep-related products provider, Wakefit has raised funds in its first funding round led by Sequoia Capital in exchange for a 31.9% stake.

Future Planning: The startup plans to use the new funds to strengthen its manufacturing arm, introduce newer product ranges, and educate customers regarding the role of a quality mattress in human health and wellbeing.

3) Wow Venue

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Founded: 2015

Founder: Ganesh Rai

Funding raised: $1.5 million

Summary: Mumbai-based venue booking and events startup Wow Venue is an online platform to discover, compare, and book exclusively WOW Venues worldwide. It has raised from strategic investor Pranav Pathak.

Future Planning: The startup will use the new funds for growth and expansion, brand building, marketing, and hiring skilled resources.

4) FeedMyPockets

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Founded: 2017

Founder:  Naveen Ramachandra, Prashant Janadri

Funding raised: $625K

Summary: Bengaluru-based B2B on-demand staffing startup FeedMyPockets has raised seed funding from South Florida, US-based venture capital firm.

Future Planning: The fresh funds will be used for deeptech integration, business growth, scale, supply chain and operations.

E-commerce Industry

5) Flipkart

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Founded: 2007

Founder: Sachin Bansal, Binny Bansal

Funding raised: $304 million

Summary: Flipkart Singapore reportedly invested an amount in its wholesale arm, Flipkart India Pvt Ltd.

6) Plum

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Founded: 2013

Founder: Shankar Prasad

Funding raised: Undisclosed

Summary: Thane-based skincare products startup Pureplay Skin Sciences, the parent company of Plum, has raised funds in Series A funding from Unilever Ventures.

Future Planning: The startup plans to use the fresh funds to scale up its operations both in the online and offline spaces.

Technology Industry

7) Roposo

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Founded: 2012

Founder: Avinash Saxena, Kaushal Shubhank, Mayank Bhangadia

Funding raised: $10 million

Summary: Gurugram-headquartered video entertainment app Roposo has raised funds in a fresh funding round from existing investors Tiger Global and Bertelsmann India Investments.

Future Planning: The new funds will help the company hire new talent for machine learning for personalization, to build good content creation tools, marketing and get prepared for a much larger round in the following months.

8) LambdaTest

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Founded: 2017

Founder:  Asad Khan, Jay Singh

Funding raised: $1 million

Summary: San Francisco-headquartered with Noida-based subsidiary LambdaTest has raised funding in Pre-Series A round of funding from Leo Capital.

Future Planning: The startup will use the fresh funds to meet the growing demand for new and better products.

9)  Ambee

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Founded: 2017

Founder: Akshay Joshi, Madhusudhan Anand

Funding raised: Undisclosed

Summary: Bengaluru-based environmental intelligence startup Ambee has raised funding from Venture Catalysts, Amit Agarwal, Rahul Gugaliya and Rajan Anandan, MD, Google India participated in the round.

Future Planning: The funds raised will be used to strengthen its technology and introduce its product across markets.

Fintech Industry

10) Aye Finance

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Founded: 2014

Founder: Sanjay Sharma, Vikram Jetley

Funding raised:  $2.78 million

Summary: Gurugram-based digital lending company Aye Finance has raised funds in non-convertible debentures to grow its loan book and offer affordable and customized credit solutions to the credit-starved micro enterprises in India.

11) PerkFinance

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Founded: 2017

Founder:  Vikas Kothari, Vivek Kandkur, Yogesh Keswani

Funding raised: $900K

Summary: Bengaluru-based salary-linked loan provider PerkFinance has raised in seed funding from Fosun RZ Capital, Eric Bunting, Krishna Vinjamuri and Karan Virwani.

Future Planning: The startup will use the new funds to scale its model by increasing our technology and marketing.

Agritech Industry

12) Ninjacart

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Founded: 2015

Founder:  Ashutosh Vikram, Kartheeswaran KK, Sharath Loganathan, Thirukumaran Nagarajan, Vasu Devan

Funding raised: $34.6 million

Summary: Bengaluru-based agritech startup Ninjacart has raised funds in a Series B funding round from Accel US, Syngenta Ventures, Neoplux, ZIGxN founder Jo Hirao, HR Capital, and Trifecta Capital. All existing investors including Accel India, Nandan Nilekani, Mistletoe and Qualcomm Ventures also participated in this round.

Future Planning: The startup plans to use the funds for expanding to new geographies, strengthening its product and technology team. It is also looking to invest in improving the supply chain infrastructure.

13) Licious

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Founded: 2015

Founder: Abhay Hanjura, Vivek Gupta

Funding raised: $25 million

Summary: Bengaluru-based gourmet meat startup Licious has raised funds in a Series D funding round led by Japan-based Nichirei Corp. Existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, UCLA, and Sistema Asia Fund also participated in this funding round.

Future Planning: The startup will use fresh funds to expand to new cities, developing the value-added product category, and strengthen the supply chain.

Education Industry

14) BYJU’S

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Founded: 2008

Founder: Byju Raveendran, Divya Gokulnath

Funding raised: $328 million

Summary:  BYJU’S is India’s largest Edtech (Learning) Company that is reinventing how students learn through its learning app has raised funds in Series F funding from Canada Pension board’s investment arm CPPIB Investment Board Private Holdings, Naspers Ventures BV and General Atlantic Singapore TL Pvt Ltd.

15) MadGuy Labs

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Founded: 2015

Founder: Alok Katiyar

Funding raised: Undisclosed

Summary: Hyderabad-based online test-prep platform for government jobs, MadGuy Labs, raised funding from Gray Matters Capital under its edLABS initiative.

16) PlanetSpark

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Founded: 2016

Founder:  Kunal Malik, Maneesh Dhooper

Funding raised: $222K

Summary: Gurugram-based Edtech startup PlanetSpark raised funds in funding from FIITJEE.

Future Planning: The funds will be used to develop powerful, heuristic, gamified learn-tech products for a united instructional learning experience.

Automobile Industry

17) MyNewCar.in

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Founded: 2014

Founder: Madhukar Manpuria

Funding raised: $1 million

Summary: Mumbai-based multi-brand car marketplace, MYNEWCAR.in has raised funds in a pre-Series A funding round led by undisclosed angel investors.

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