SoS Digest/ 18-12-16 to 25-12-16

Startup news
  1. FreeCharge Partners With Gaana To Strengthen Its Presence In The Entertainment Category

FreeCharge, India’s one of leading digital payments platform today announced its partnership with gaana.com as an e-wallet payment solution provider to strengthen its presence in the entertainment category. Gaana.com is the biggest music and content streaming service in India and offers a monthly subscription service with unlimited downloads and listings…

Ref: http://www.thestartupjournal.com/freecharge-gaana-com-partnership/

  1. How a nascent digital industry generated $1.5 billion of employee wealth in 5 yrs

Amit Somani, now a venture capital investor in Bengaluru, had spent more than a decade at IBM in the US before joining Google in 2007 as a product management head. By then, the publicly-listed search giant had captured techies’ mind space as much as was once Yahoo’s preserve. But Somani made an outrageous move in three years. He left Google to join an unlisted travel portal in India called MakeMyTrip as chief product officer. Somani was the first of his kind when Indian software engineers in America were still averse to returning home for work. What nobody could see: India was at the cusp of an internet boom in 2010.

Ref: http://timesofindia.indiatimes.com/trend-tracking/how-a-nascent-digital-industry-generated-1-5-billion-of-employee-wealth-in-5-yrs/articleshow/56117609.cms

  1. After Ola Cabs and Grofers, Snapdeal now delivers cash to your doorstep

Are you tired of queuing up at the bank or ATMs for cash? Now you can order cash and get it delivered at your doorstep. After Grofers and Ola Cabs, it’s now Snapdeal that has come up with the idea of cash delivery at home and launched ‘Cash@Home’ service, which allows users to order cash and get it delivered at their doorstep.

Ref: https://yourstory.com/2016/12/snapdeal-delivers-cash-doorstep/

  1. Snapdeal founders-backed Supr Daily raises seed funding from Venture Catalysts

Seed investment firm Venture Catalysts has invested an undisclosed amount in habit-forming app Supr Daily. The round was led by Venture Catalysts’ angel investors Apoorv Ranjan Sharma, Anil Jain, Anuj Golecha, Krishna Jhunjhunwala, and Anirudh Damani. With doorstep delivery and convenient subscription management, Supr Daily claims to have served half a million orders till date. Currently active in many parts of Mumbai, the platform will be using the funds raised through this round to scale up its pan-Mumbai operations in the next six months.

Ref: https://yourstory.com/2016/12/supr-daily/

  1. This startup is a curated marketplace selling non-mass produced items – Qtrove

In today’s era of assembly line mass production & consumption, curated and non mass produced products are either not easily available or very expensive. In such a scenario, Qtrove comes as a breath of fresh air & brings a sense of peace and calm by curating the best products from local entrepreneurs across categories.

Ref: http://knowstartup.com/2016/12/curated-marketplace-qtrove/

  1. VCs now show interest in biotech startups

Ezhil Subbian had worked on her company for a year in San Francisco before deciding to move to Bengaluru in 2013. Her startup, String Bio, was based in a state-of the-art incubation centre in San Francisco. String Bio needed a good home in Bengaluru quickly. The city had been generating biotech startups for a decade and a half, but it had only one incubator when Subbian moved, set up by the Department of Biotechnology in 2012. Not surprisingly, it was full.

Ref: http://timesofindia.indiatimes.com/trend-tracking/vcs-now-show-interest-in-biotech-startups/articleshow/56117519.cms

  1. Innoplexus Raises Pre-Series A Funding from Germany Based VC Fund HCS

Innoplexus, a Germany and India based DaaS (Data as a Service) startup has announced the closing of their Pre-Series A funding from HCS, a Germany-based Venture Capital Fund. With the capital raised, Innoplexus plans to file more patent applications, further develop their trademark platform, iPlexus, and invest in marketing.

Ref: http://www.indianweb2.com/2016/12/22/innoplexus-raises-pre-series-funding-germany-based-vc-fund-hcs/

  1. Agri E-Commerce Startup BigHaat Raises Funding From Ankur Capital

Ankur Capital, an early stage venture capital fund focused on backing innovations in agriculture, healthcare and education, has announced its investment in Bighaat, a Bengaluru-based pioneering agri eCommerce startup, for an undisclosed amount.

Ref: http://www.indianweb2.com/2016/12/21/agri-e-commerce-startup-bighaat-raises-funding-ankur-capital/

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