A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.


Minion Labs (2016, Chennai), Energy monitoring sensing device using load disaggregation and artificial intelligence. Founder is ex – Amazon and is an alumnus of Massachusetts Institute of Technology . Local comparable is Switchon (2016, Bangalore). Global comparables are Sense (2013, Cambridge, $19M) and Energybox (2013, Morristown, $300k).


Bigbasket (2011, Bangalore), online retail store for grocery shopping, raises $300M in Series E round of funding led by Alibaba Group with participation from Abraaj Group and Bessemer Venture Partners . Link

Zomato (2008, Gurgaon), online platform for food discovery and table booking at restaurants, raises $200M in funding from Ant Small and Micro Financial Services Group. Link

FabAlley (2012, Noida), online brand for fashion accessories & apparel, raises $784K in Venture Debt round of funding, from Trifecta Capital. Link

Tapits Technologies (2016, Mumbai), biometric-based payment platform for merchants, set to raise $154.8K in funding from ICICI Bank. Link

Infosys (1981, Bangalore), IT & IT enabled services provider, co-founder launches Edumentum, an offline incubator for education startups. Link


Joby Aviation (2009, Santa Cruz), electric aircraft with vertical take-off and landing, raises $100M in Series B round of funding led by Intel Capital, with participation from EDBI, JetBlue Technology Ventures, Toyota AI Ventures, Allen & Company, AME Cloud Ventures, and Ron Conway and others. Link

Partner Therapeutics (2017, Boston), developer of cancer medicine and combination therapies, raises $60M in Series A round of funding from Perceptive Advisors, Adams St. Partners and MidCap Financial. Link

Figma (2012, Palo Alto), collaborative interface design tool provider, raises $25M in Series B round of funding led by Kleiner Perkins Caufield Byers with participation from Greylock and Index Ventures. Link

Owl (1999, Palo Alto), developer of a security camera for cars, raises $18M in Series A round of funding from defy.vc, Khosla Ventures, Menlo Ventures, Sherpa Capital, Moment Ventures, Maniv Mobility, and CSAA Insurance Group. Link

Igneous Systems (2013, Seattle), provider of backup and archiving solutions, raises $15M in Series B round of funding from Vulcan Capital, Orca Bay Capital, Madrona Venture Group, New Enterprise Associates, and RedPoint Ventures. link

Joymode (2015, LA), online rental platform for recreation equipment, raises $14.4M in Series A round of funding led by Naspers through its Naspers Ventures division with participation from previous investors. Link

Source URL: Tracxn – Analyst Notes (India Practice) # 598

Source Website: Tracxn Blog (https://blog.tracxn.com/)