Photo credit: Pexels.
Ecommerce and location-based shopping deals make up half this list today, with a healthy peppering of edtech, SaaS, analytics, and healthcare finance.
Math Buddy
Photo credit: Pixabay.
The western coast city of Vadodara in Gujarat, India, is the base of Math Buddy, which develops interactive tools and games to help children navigate their way through the perils of elementary math. The startup has nabbed US$440,000 in fresh funding from the Menterra Social Impact Fund.
The equity funding will help the startup expand to more schools, build teacher engagement and training, and expand to low-income classrooms.
Founded in 2010, Math Buddy is present in 200 schools across 19 Indian states.
See: Math-teaching startup raises fresh funding to help kids fight their fear of numbers
Kloseby
Not to be punny, but tech startup Kloseby specializes in proximity. It’s just raised US$100,000 in seed funding from an undisclosed investor.
The funding will be split between user acquisition and merchant/client acquisition.
Founded this year by Rahul Sindhu and IIM-Kozhikode alum Gaurav Garg, Kloseby offers deals to users through its app. The deals depend on what stores are nearest the user.
Kloseby is present in Pune and Bangalore and downloadable from Google Play. Users may also sign up for the iOS app, which will be released soon, on the startup’s website.
See: The startup doing the splits on online and hyperlocal commerce in India
VideoVibe
Another Indian startup has received support from Facebook through the FbStart program – VideoVibe has gained US$40,000 in services and credits through the initiative that seeks to aid young mobile apps.
Founded in September this year, VideoVibe helps track YouTube analytics, giving users simplified graphs and charts. It tracks over 10,000 YouTube channels and currently has 30,000 users.
Recommerce fashion site Coutloot also received US$40,000 in tools and services through FbStart.
See: Facebook gets busier in India, inducts fashion startup into FbStart
ShopsUp
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Similar to Kloseby, location-based shopping app ShopsUp has raised nearly US$970,000 in seed funding from Anand Sankeshwar, managing director at VRL Logistics, and Taojinjia CEO Yang Shu.
Founded by Suhas Gopinath, the app lets users collect points (called shots) by walking into partner stores. These can then be redeemed for rewards that include free movie tickets, cab rides, spa vouchers, and gift vouchers.
The app targets millennials who want to be rewarded for their window-shopping, Suhas told ET.
See: In India, cashback is the new black
HandyTrain
SaaS corporate training platform HandyTrain has bagged US$1 million in funding from various investors.
The investors include Hong Kong-based Silver Range Investments, Bank of America managing director Shun Yoshida, SeedFund founder and managing partner Mahesh Murthy, former Sify CEO R. Ramaraj, Paragon Partners founder Siddharth Parekh, IDFC Bank COO Avtar Monga, Shoppers Stop vice chairman BS Nagesh, and Manipal Group managing director Gautham Pai.
HandyTrain got its start at Goa-based incubator Prototyze. Its customers include Uber, Cipla, Airtel, and Kotak.
See: Gamification startup raises series A to boost training and engagement at work
Affordplan
New Delhi-based startup Affordplan has bagged US$2.9 million in series A funding from venture capital firms Prime Venture Partners and Kalaari Capital.
Founded by former TaxiForSure employees Tejbir Singh and Hemal Bhatt, the startup is a member of Kalaari Capital’s KStart incubator. The company previously raised US$440,000 from KStart.
Affordplan helps patients undergoing non-emergency procedures to save up in advance. It lists pregnancy, eye care, dental care, and plastic surgeries as examples. The startup will look at the patient’s finances and medical needs with the hospital, then offer a monthly savings plan to help them save up for the treatment. It also offers discounts that cut 15 to 20 percent off procedures.
See: These fintech startups step out of incubator with series A funding of $3m each
Indofash Ethnic
Photo credit: fyletto / 123RF.
Bangalore-based Indofash sells heirloom products and embroideries from different parts of India. It’s raised over US$146,000 in funding from two angel investors: Shekhar Sahu and Nitesh Pant.
Shekhar and Nitesh are also the co-founders of HealthcareMagic, which was acquired in 2014.
Founded by IIM-Lucknow alum Pallavi Mohadikar and IIT-Bombay grad Rahul Gayakwad in April 2015, the startup sells ethnic women’s wear, children’s apparel, home decor, and jewelry.
See: In a crowded ecommerce market, artisans help a new startup stand out
Wholesalebox
Jaipur-based wholesale ecommerce portal WholesaleBox has gotten US$2 million in pre-series A funding from a group of institutional investors and angel investors. Participants in the round included Network 18 Digital CEO Manish Maheshwari and Contrarian Vriddhi Fund.
Founded last year by IIT-Roorkee grad Rohit Dangayach, former Citibank investment banker Chandan Agarwal, IIT-Delhi alum Madhur Bhaiya, and Sikkim Manipal University grad Rakesh Shekhawat, WholesaleBox provides doorstep delivery to retailers in unbranded and local-brand ethnic wear markets.
The startup uses tech to ease logistics, negotiation, and quality validation. It claims to sell goods for 25 to 30 percent less of what stores would normally pay.
Converted from Indian rupees. US$1 = INR 68.14
This post https://www.techinasia.com/8-rising-startups-india-dec-5-2016 appeared first on Tech in Asia.
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