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).
INDIA INTERESTING NEWS
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
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/)