Photo credit: dasha11 / 123RF.
Today’s list includes a startup headed by Ola and Flipkart execs.
InstaCar
Taxi app Instacar has secured US$1 million in seed funding from Hong Kong-based Swastika Company.
Located in Indore in the central Indian state of Madhya Pradesh, the startup aggregates cars and tests drivers with a 15-point check, background verification, and a monthly audit of cars. Riders get snacks, water bottles, and tissues, shares co-founder Priyanshi Choubey.
Priyanshi, along with Ishan Vyas and Anurag Gupta, founded Instacar. Priyanshi has her MBA in ecommerce. Instacar is Ishan’s second venture – he also runs Indore mobile app development firm Aspricot. Anruag is an IIM Kolkata grad and runs the Shear Genius salon chain.
Swastika has invested in a number of Indian startups in the past year, including used book site AbeRuk, online property rental company SimplyMoveIn, deals startup PocketIn, personal services app DoneThing, on-demand laundry service HelloDhobi, edtech firm Makkajai, and beauty and wellness startup Stylofie.
Fastudent
Photo credit: Pixabay.
Noida-based education ecommerce marketplace Fastudent has raised pre-series A funding from Fireside Ventures founder Kanwaljit Singh, former Vertex Venture Director Ajay Lakhotia, and former SoftBank Director Pavan Ongole.
Ashoka University trustee Ashish Gupta, who is also the former COO of eValueServe, also participated in the round. Ashish previously contributed to the startup’s angel round.
Founded by Gaurav Barman and Geetanjali Khanna, Fastudent has education supplies on sale online. It will put the funding toward expanding the tech, as well as moving into Mumbai, Bangalore, Pune, and other locations. It currently serves the Delhi NCR and oversees deliveries from order to last-mile delivery.
The startup claims to have a consumer base of 1.2 million students and to have serviced over 90,000 orders. Its supplies cover 32 categories – 100,000 products across 500 brands – including books, stationery, digital learning, branded merchandise, augmented reality, uniforms, and shoes.
Pianta
Photo credit: rmarmion / 123RF.
Transport company Go-Jek has acquired Bangalore-based home healthcare services startup Pianta for an undisclosed amount. Pianta will be integrated into Go-Jek’s Indian arm, Go-Jek Engineering India.
The acquisition marks the Indonesian company’s third acquisition of an India-based business, having previously acquired Bangalore-based C42 Engineering and Delhi-based CodeIngition.
Run by SLX Logistics, Pianta helps customers discover and book appointments with healthcare providers. Its home services include physical therapy, nursing, and lab sample collection. Former Ola and Flipkart executives Swaminathan Seetharaman, Ganesh Subramanian, and Nitin Agarwal founded the startup last year.
Pianta also runs its own software, Pianta+, that helps manage and track workers in real time, as well as keep customer records.
In May, Pianta raised seed funding from Freecharge founders Kunal Shah and Sandeep Tandon.
In Indonesia, Go-Jek’s services extend to home cleaning, massages, and shopping assistance.
Promon
Delhi-based Now Capital has invested over US$180,000 in bridge funding in local commerce startup Promon. The money will go toward launching the startup’s MTV marketing campaign.
As part of the deal, Now Capitals’s Sahil Baweja and Ankit Gupta have joined Promon as directors. The startup aims to market itself, its sponsors, and its location partners by launching a series of MTV shows.
Sarabjeet Singh founded Promon while working as senior city planner at Groupon, where he realized a problem in the deals industry was irregular and extreme discounts offered by merchants. Ultimately, the deals weren’t fruitful due to a lack of marketing. Promon assumes content sharing is more productive than discounts and loyalty programs.
Canvs
Photo credit: Pixabay.
Designer and artist community Canvs has raised an undisclosed amount of funding from former Housing chief marketing officer Pratik Seal. Pratik will also join the company as an advisor, concentrating on business and community expansion.
Founded by three IIT-Bombay alumni – Debprotim Roy, Vikash Choudhary, and Ankit Agarwal – Canvs helps professionals in the advertising, marketing, and entertainment industries exhibit their work and network with others in their fields.
The startup has a network of over 6,500 designers.
Converted from Indian rupees. US$1 = INR 66.56
This post 5 rising startups in India – Oct. 2, 2016 appeared first on Tech in Asia.
from Tech in Asia https://www.techinasia.com/5-rising-startups-india-oct-2-2016
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