Quick updates on Indian Startups
Indian Startup Quickies will cover a range of stories about Indian startups. There is so much happening around the world and we have so less time to focus on what is vital and what is trivial. So in this article you will get what you need. This article will cover short stories about various startups in India and their recent achievements.
So lets get started!!
Fashion discovery platform shopwati gets funding – Shopwati is fashion discovery platform. Shopwati is a Fashion Based Social Network connected with Stores in the cities it operates in. It was founded in 2015 by Mehak Suri and Ankit Bajaj. This app lets users discover fashion, find products and take a poll on what to buy. Users here share and tag their fashion choices through the app and access deals posted by brands. Various brands promote their products through users on the network. Recently Shopwati raised an undisclosed amount of seed funding from Sanjiv Rai of SRKK Advisors.
KhanaGaDi raises funding – KhanaGaDi is a food in train startup. It delivers food in trains. It offers simple, prudent and specific food delivery solutions across India for Train Passengers. They serve good quality and hygienic food during train journey to commuters right at their seat. It uses robust operating procedures and technology framework working at Six Sigma. It offers wide variety and assortment of Pre-portioned Meals and Ala-Carte menu to its consumers at around 105 Stations and in 6000+ Trains. This startup was founded in 2015 by Amar Deep Kumar, Naman Goswami and Sunil Kumar Awasthi. This Indian startup raised an undisclosed amount of funding from 50K Ventures.
HopCar merges with Spinny – HopCar is a Gurgaon based startup. It was founded by Arijit Biswas, Rahul Thakur, Anish Karan and Rahul Anand. Their aim is to skip the car dealership and connect sellers to buyers. However recently this Indian startup was in news because of its merger with Spinny, a used car marketplace. After the merger, the two startups will work under common name Spinny. The Co-founders of HopCar will join the core team at Spinny.
Yatra acquires mGaadi – Yatra is a leading provider of consumer-direct travel services in India. It has emerged as the most trusted travel brand in India. Over the span of 8 years, Yatra made 3 acquisition namely, ticket consolidator Travel Services International (TSI) in October 2010, global distribution system (GDS) provider MagicRooms.in, and Indian events and entertainment portal BuzzInTown.com in July 2012. It also acquired 100% stake in Travelguru.com in 2012. Now it has added to its feather, an auto rikshaw aggregator mGaadi. mGaadi is a Bengaluru based startup. It was founded in 2012. The acquisition was done for an undisclosed amount. As a part of the deal, mGaadi’s employee transportation platform, Cartr along with other technologies will be integrated into Yatra’s products.
Qonfuse raises seed funding – Qonfuse is an edtech startup which makes exam preparation dynamic and organized using its advanced technology. It was founded by Mahesh Gaur, Shivraj Dhusariya and Himanshu Srivastava. This startup provides an online exam interface so that students can prepare for competitive and other exams. It currently helps users to prepare for CAT, GATE, SSC, MBA, SBI PO among others. This education technology startup recently raised an undisclosed amountof seed funding from Hamraj Kumar, CureInstant founder.
Dipper raises angel funding – Dipper is an online platform that connects load providers (GTA) with load seekers (Truck Owners)- without commissions. It is an online truck aggregator and freight logistics marketplace. It was founded in 2015 by Suryansh Jalan and Ayush Syal. It gives real-time location of freight services to the users through a GPS-enabled dashboard. Recently, this New Delhi based Indian startup raised an undisclosed amount in angel funding from unnamed investors.
LendingKart raises $217 Crore – Lendingkart Group aims to make working capital finance available at the fingertips of entrepreneurs. is a It is fin-tech startup in the working capital space. The Company has developed technology tools based on big data analysis. This tool facilitates lenders to evaluate borrower’s credit worthiness and provides other related services. This financial services startup was founded in 2014 by Harshvardhan Lunia and Mukul Sachan. It has raised over $217 crore in Series B round of funding. This funding was led by Bertelsmann India Investments.
RBI allows startups to open foreign currency accounts – The Reserve Bank of India recently allowed startups with an overseas subsidiary to open foreign currency accounts with a bank outside India. The accounts will help the startups to credit foreign exchange earnings from exports and sales. RBI added that the balance in such accounts, to the extent they represent exports, should be returned to India.
PrettySecrets raises funding – PrettySecrets offers women and men the facility of seamlessly browsing through an exhaustive collection of high quality lingerie from the comfort of their own computer. PrettySecrets.com aims to provide a plethora of styles and sizes catering to every woman’s needs and wants. It is an online lingerie retailer startup. It was founded by Karan Behal in 2011. Recently this startup has raised $6 million funding from Singapore based VC fund RB investments. The Indian startup last raised $2 million in series A funding in 2014.
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