Weekly Spotlight | 5 Indian Startups that raised funding this month!

Weekly Spotlight | 5 Indian Startups that raised funding this month!

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11209608_863554450379202_7736046998665601523_n1. Druva:
Pune based, Druva, is a company that provides cloud-based data protection and is trusted by over 3,000 global organizations with over 50 PB of data under management.

Druva’s award-winning solutions offer a single dashboard for backup, availability and governance, dramatically reducing the effort to manage multiple systems, eliminating associated risks and significantly lowering TCO. The company has raised a total of $67 Mn from investors including Sequoia Capital, Tenaya Capital, Nexus Venture Partners, along with Sharad Sharma as an angel investor.

The company raised a strategic investment from NTT Finance and Telephone Corporation. With the newly raised capital, the company plans to strengthen its presence in Japan.

Founder and CEO quoted “We see our Japanese market expansion as a way to sustain the continued doubling of our global business each year with the Japanese growth significantly in excess of this.”

Druva was founded in 2008 by Jaspreet Singh, Milind Borate and Ramani Kothandaraman and is headquartered in Sunnyvale, California, with additional offices in India, Germany, Australia, Singapore, Japan and the UK.

2. Advanced Structures India
Advanced Structures India was established with a motive to address the rising demand for better engineered products in Indian Automotive Industry. This need is addressed by their efforts in measuring and quantifying user experience in some cases or development of entire product from scratch in others. Focus on core engineering competence in the areas of design, simulation and testing enables us in meeting any engineering challenge and delivering results.

Advanced Structures India is part of GirnarSoft Group.

Advanced Structures India recently  received a strategic investment from GirnarSoft.. This investment will further help GirnarSoft to leverage ASI’s expertise to significantly improve car search experience on its portfolio of auto sites that will objectively showcase metrics and scores.

Founded in 2014 by Vaibhav Kumar and Rahul Ramola, ASI is an automotive engineering, testing and R&D solutions firm. The company is consumer, engineering and quality focused.

The company has worked with large OEMs to help them create lightweight yet durable and efficient structures, among other automotive products.

Founder Vaibhav Kumar stated “ASI was established with an aim to provide unbiased and scientific testing of cars to provide the most accurate results. Joining GirnarSoft will allow us to integrate our existing technical framework into its robust technological infrastructure and develop a repository of credible reviews for users.”

(Source)

12805735_1004442299617943_9124063950605192357_n3. m.Paani Solutions
m.Paani is the first loyalty & data company focused on the mass-market consumer. Their mobile-based coalition loyalty program allows members to be rewarded for their shopping at kirana and other local stores and on talktime while rewarded with gifts that are aspirational and help save money.

The company raised an undisclosed amount in a pre-series round of funding led by Blume Ventures.

The startup aims at giving its consumers direct access to brands, local shops, products, and offers. This is to reach out those individuals who are online.

The startup plans to utilise the funds to expand to other cities, for product development and hire talent across various departments like technology, product and sales.

Knowstartup_yufta4. Yufta:
Yufta is an exclusive Jaipur based brand, founded in 2014 by Ritesh Khandelwal, Ravi Khandelwal and Tarun Sharma, that’s only available online. Dedicated to the truly original fashion explorer, they bring to its customers all the right-on-trend apparels and accessories. The company is largely inspired by Today’s Youth and their frank, Free – Spirited & Un-Influenced mindsets.

The core idea of the company is “Let’s design as per international standard and provide high-quality fashion lifestyle products and exclusively offer at extremely reasonable prices only at online.”

Recently Yufta, has raised an undisclosed amount of Pre Series funding from Rajasthan Angel Investor Network founder members, Ajay Data (CEO, Data Infosys Ltd), and other HNIs. With this, Ajay Data will join the board at Yufta.

Ritesh Khandelwal, CEO and co-founder of Yufta, said, “We at Yufta are trying to solve basic ecommerce hurdles by combining technology and operation in efficient manner in an omni-channel model. Our core hypothesis is that, for ecommerce in India, we can grow big and fast by complementing offline rather than competing with offline.”

The startup will use the newly raised funds for building technology and scaling up its operations in top metro cities.

logos5. 1MG:
Bangalore-based Healthkart’s online drug search business 1MG raised $15 Mn (INR 100 Cr) in Series B funding led by Maverick Capital Ventures. Its existing investors Sequoia India and Omidyar Network also participated in the round.

Buying medicines may require an individual to try 5 medical stores which are miles apart. The basic aim of this startup is to provide its customers medicines with a click.
In addition to that they also aim at reducing the cost of the medicines. The company understand the consumers medicines which have the same composition as prescribed by your doctor but can be considerably cheaper.

Prashant Tandon, co-founder and CEO at 1MG said, “India has one of the highest populations of chronic patients in the world and yet access to quality and affordable healthcare is limited.”

The company has been backed by investors who’ve backed Apple, Google, Yahoo, Intel, eBay, inMobi etc.

The company plans to use the recently acquired investment to expand its digital health offerings and to launch products such as  ‘Smart Prescriptions’ and  ‘My Health Feed’; and engage more deeply with public and private healthcare programs.

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