INDIA’s Startup News
~ In May 2018 ~
= India at a glance =
Population: 1BN 311.051M
Internet users: 462,124,989
Internet penetration: 34.80%
Without internet: 864,676,587
- Qtrove curated marketplace secures $52M with focus on small entrepreneur products
- China’s Xiaomi set to disrupt TV market in India, just like it did for smartphones
- Toffee digital insurance platform raises $1.5M to grow offerings in data science, AI and machine learning
- ToneTag fintech raises near $10M from Amazon, Mastercard and others for contactless mobile payments services
- ICICI Bank launches 2 innovation labs in move towards digital-first
- China’s Xiaomi rolls out ‘Mi Credit’ for instant loans
- Milkbasket ‘micro-delivery’ grocery startup secures $7M for last-mile services
- Open data ecosystem set to boost India’s GDP by $22BN boost by 2022
- India’s Oyo Rooms launches in China after Dubai, Malaysia and Nepal
- NASSCOM launches Digital Collaborative Opportunities Plaza platform in China for IT market access
- An intro to 3 winning startups from Andhra Pradesh state’s StartAP awards
- LifeSight AI-powered location intelligence platform raises $2M for business decision services
- Government considering establishing regulator for $500BN startup funding market
- Smartivity Labs, STEM toys startup, gains $2M backing
- ICICI Bank, country’s largest, sets $14M for investing in tech startups
- An intro to Brigade REAP real estate-focused accelerator and its 4th cohort
- NewsDog news aggregator app backed by China’s Tencent
- Smart City Mission projects set to draw from $30BN funding pool across 99 cities
- India set to establish approximately 700 ‘digital villages’ by end of 2018
- Paytm m-commerce giant acquires online ticketing platform TicketNew for US$40M
- Betterplace background verification startup using AI secures $3M for ‘semi-formal’ HR focus
- OPEN ‘neo banking’ startup secures circa $2M; eyes lending and wealth management move
- AI could soon be in place to manage Delhi’s traffic chaos
- 6 startups shortlisted for Essel Group accelerator’s first batch
- ImpactGuru healthcare, nonprofit and cause donation crowdfunding platform raises $2M
- Startup India partners the Netherlands for ‘Startup Link’ project
- Raw Pressery organic drinks startup raises $10M for SE Asia expansion
- Mfine healthcare app raises $4.2M
- An intro to 9 of India’s promising startups, spanning ecommerce, health, fintech and more
- IoT market value in-country expected to hit $15BN by 2020 (pdf)
- A look at the 9 startups competing at the Seedstars Delhi event
- $25M Bharat Inclusion Initiative launched to back early and seed-stage startups
- Audience Bay blockchain startup aims to beat ad fraud and bring transparency to adtech
- IoT devices set to increase from 200M units in 2016 to 2.7BN by 2020
- By 2020, Indian government will have a national disaster database to help target aid
- SpringRole blockchain-backed networking and recruitment startup backed to $1.3M
- An intro to Gastrotope agtech startup catalyst and ‘farm to fork’ accelerator
- Vizag police mandate hotels use of blockchain/AI platform for criminal identification
- Siemens announces plan to launch 4 IoT-focused innovation centres
- PaisaDukan P2P lending platform raises $225K
- BigBasket aiming to raise $300-500M as warchest preparation for Amazon and Walmart market entry
- Toppr exam prep startup secures $2.3M
- T-Hub announces 2nd edition of accelerator program for international startups
- Amazon sees groceries accounting for over half of India business inside 5 years
- Suki, voice assistant for doctors that aims to reduce time spent on medical paperwork, secures $15M
- A look at the UNDP project to make Indian land records more reliable using blockchain
- A look at the tech solutions for Kerala’s local challenges
- Bizongo B2B marketplace for packaging materials raises $22M
- A brief overview of Global Super Angels Forum Accelerator
- Government launches deep tech innovation and commercialisation program
- Wonder Legal tech startup launches with on-the-fly documents system
- Nykaa online beauty products retailer raises $11M
- Goa Startup Policy launched with 2025 goal
- Samco startup raises $7.5M for online broking
- Unitus Ventures impact investor hits 2nd fund close at $15M, aiming for 25-30 startups
