Tracxn – Analyst Notes (India Practice)

Originally Published on Tracxn Blog

A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.


AffectLab (2016, Bangalore), provider of technology solutions for in-video cognitive research. Founder is ex-Citrus, RedCastle, Aloha, ITC, ONGC and is an alumnus of IIT Kharagpur. Part of Entropik Technologies.Global comparable is Neuro Applied (2016, Hadera).


MarketsandMarkets (2001, Pune), market research and consulting company, raises $56M in funding led by FTV Capital with participation from Zodius Capital. Link

Ixigo (2006, Gurgaon), online travel search engine, raises $15M in series B round of funding led by Sequoia Capital with participation from Fosun Kinzon Capital. Link

The Moms Co. (2016, Gurgaon), private label brand providing personal care products for pregnant women, raises an undisclosed amount in seed round of funding from Shripad Nadkarni – Co-founder of Fingerlix & PaperBoat, Nandu Nanda Kishore and senior partners from McKinsey. Link

Westbridge Capital, private equity fund acquires stake in tyre maker Ceat (1958, Mumbai), manufacturer of tyres for passenger and commercial vehicles, for $28M. Link

Qualcomm (1985, San Diego), multinational semiconductor and telecommunications company, partners with T-Hub, Hyderabad-based startup incubator, to foster startups. Link

Vuukle (2011, Delhi), User engagement toolkit for online content, ties up with Google to help combat online trolls and hate mongers. Link

Baxi (2015, Gurgaon), on-demand bike taxi hailing app, launches cab aggregating services. Link

Mukesh Bansal – Founder & CEO of Cure Fit & Cult Fitness steps down from Swiggy board of directors as Cure Fit enters food delivery market. Link

Pi Ventures, Bangalore-based early stage fund focused on investing on disruptive ideas leveraging machine learning, AI and IoT, gets investment from Accel Partners, a leading venture capital fund. Link


HotelTonight (2010, SF), online platform for last-minute hotel booking, raises $37M in series E round of funding led by Accel Partners with participation from RSC Capital, Aspect Ventures and others. Link

Boom Supersonic (2014, Denver), developer of passenger supersonic jets for commercial use, raises $33M in series A round of funding from e8VC, Caffeinated Capital, Palm Drive Ventures, RRE Ventures and YC’s Continuity Fund. Link

BioClin Therapeutics (2010, San Ramon), developer of monoclonal antibody therapies for bladder cancer & achondroplasia, raises $30M in series B round of funding led by Sofinnova Ventures and Ysios Capital with participation from HealthCap, Life Sciences Partners and Tekla Capital Management. Link

Casetext (2013, Palo Alto), online knowledge sharing community for attorneys & lawyers, raises $12M in series B round of funding led by Canvas Ventures with participation from Union Square Ventures, 8VC and Red Sea Ventures. Link

Mythic (2012, SF), developer of microchip technology for localized artificial intelligence, raises $9M in series A round of funding led by DFJ with participation from Lux Capital, Data Collective and AME Cloud Ventures. Link

NYSHEX (2014, NYC), provider of digital forward freight contracts for global container shipping, raises $8.5M in series A round of funding led by Goldman Sachs Principal Strategic Investments and GE Ventures with participation from Blumberg Capital, Tectonic Capital and others. Link

Altice (2001, Woerden), fixed line, mobile, content and media services provider, acquires Teads (2011, Montpellier), video advertising platform, for $322M. Link

Lyft (2012, SF), on-demand taxi hailing app, acquires Finite Paths (2016, SF), mobile-based knowledge sharing Q&A social platform for an undisclosed amount. Link


Affect Lab