A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Uravu Labs (2016, Bangalore), developer of technologies for off-grid water supply. Local comparables are Decentrik Technologies (2015, Delhi) and Sarvajal (2008, Ahmedabad). Global comparables are Waterhealth (1995, Irvine, $93M) and Zero Mass Water (2014, Phoenix, $13.1M).
INDIA INTERESTING NEWS
Myntra Jabong India, B2B fashion retail arm of Myntra (2007, Bangalore), online retail store for fashion and lifestyle products, raises $31.1M in Debt round of funding from Yes Bank. Link
Snaptrude (2015, Hubli), 3D modeling software provider for real estate sites, plans to raise $35.8k in Seed round of funding from Brigade Group. Link
Kedaara Capital acquires 10% stake in Manyavar (1999, Kolkata), ethnic menswear brand, for $6.24M. Link
Narvar (2012, San Mateo), post-purchase experience platform for retailers, acquires GoPigeon (2015, Bangalore), on-demand first mile logistics service and courier aggregation marketplace, for an undisclosed amount. Link
Matrix Partners plans to increase investments in Delhi-based start-ups. Link
Indus OS (2008, Mumbai), developer of android-based mobile OS in Indian languages, partners with Ola (2011, Bangalore), app-based asset-light cab operator, to extend on-demand services to users of the smartphone operating system maker. Link
Karnataka government ties up with Amazon (1994, Seattle), international e-commerce website, to help local start ups with the Launchpad programme. Link
GLOBAL ROUNDUP
Armo BioSciences (2012, Redwood City), developer of immunomodulatory biologic therapeutics for cancer, atherosclerosis, fibrosis and inflammatory bowel disease, raises $67M in Series C-1 round of funding led by Qiming Venture Partners, Decheng Capital, Sequoia Capital, RTW Investments, KPCB, Orbimed, DAG Ventures, NanoDimension Management, HBM Healthcare Investments, Celgene, GV and Quan Capital. Link
Appier (2012, Taipei), reporting and analytics platform for cross-screen targeted advertising, raises $33M in Series C round of funding led by SoftBank Group Corporation, LINE Corporation, NAVER Corporation, Singapore-based EDBI and Hong Kong-based AMTD Group. Link
Alice (2013, NYC), cloud platform to serve the needs of staff, guests, and hotel management through an app, raises $26M in Series B round of funding from Expedia. Link
TravelBank (2015, SF), provider of cloud-based expense management app for SMBs, raises $25M in Series B round of funding led by DCM Ventures, Propel Venture Partners, NEA, Accel Partners, Silicon Valley Bank and Danhua Capital. Link
Homelike (2014, Cologne), managed properties provider, raises $4.8M in Series A round of funding led by Cherry Ventures with participation from Coparion. Link