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Tag: Startup Funding News

  • Startups funded by Paytm

    Entrepreneurship is one of the growing professions in the recent years, and cohorts of entrepreneurs are working towards growing their own startups with unique solutions and actionable ideas. Startups with innovative ideas and a roadmap to build a fortune out of them are often funded by venture investment firms that offer private equity finances to startups in need of funds in return for a fraction of the company itself. While discrete firms  exist for such investment, larger corporations including Alibaba and Google haven’t held back from this either.

    Indian fintech giant Paytm, since the previous decade has also made about 17 investments and 11 acquisitions as of March of 2021, and has supported the startup ecosystem in India, and abroad. Other Indian corporations including giants like Reliance and Flipkart have made their share of investments as well, and have helped boost entrepreneurship in the country. In this article, we discuss the top 10 most recent and innovative startups funded by Paytm, and the solutions they have to offer.

    Rooter
    HungerBox
    Infinity Infoway
    Jugnoo
    Tap Chief
    CreditMate
    Unacademy
    LogiNext
    Nearbuy
    QorQL

    Rooter

    Rooter, India’s largest online sports community app has raised a total of $2.7 million over 4 funding rounds from 16 investors, with the latest investment raised in the May of 2020 in Series A funding. The sports community app endeavors to connect users and personalize sports related content for the 300 million Indian sports enthusiasts while also allowing them to curate sports related content in their own preferred language. Users can play and stream popular games such as Valorant, Free Fire, and PUBG, view live streams, switch languages, and avail a lot more amenities such as giveaways and more.

    HungerBox

    HungerBox is a full-stack B2B food and beverage tech company that offers corporate level food solutions through an online platform allowing employees to order food and avail delivery service from cafeteria. HungerBox has thus far raised over $44 million from 10 investors over 8 funding rounds. The technology driven food delivery service aims to boost employee productivity in the corporate world and offer a safe and healthy food experience. HungerBox offers a User App for seamless ordering, a Food Partner POS for user interaction along with an Admin Dashboard for detailed reports and monitoring cafeteria reports.

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    Infinity Infoway

    Founded in 2004 and primarily a travel focused technology company, Infinity Infoway is a software house that builds web, mobile, and software applications, offering digital solutions to business organizations. In the December of 2019, Infinity Infoway was funded by Paytm in the corporate round, where it raised an undisclosed amount. With an endeavor to create unique user experience, Infinity Infoway offers solutions ranging from CRM and SCM to travel and outsourcing to university resource planning. Inn 2011, it was awarded the Outstanding Entrepreneurship Award in MSEs, and currently has offices in both India and abroad.

    Jugnoo

    Jugnoo Startup Story – Founder, Business Model, Funding, Team
    Auto rickshaws are an essential medium of transportation in India, especially intier 2 and tier 3 cities. However, the sector is still unorganized. Owing tothis, many of the times, the auto-rickshaw drivers have to sit idle, while manycommuters have to face inconveniences finding auto rickshaw. T…
    StartupTalkyShubham Kumar

    Jugnoo Startup Story

    Founded in 2014, Jugnoo is India’s largest technology driven ride sharing platform and an on-demand auto rickshaw aggregator, that allows users spanning across 40 major cities to connect with drivers with reliable and convenient auto rickshaw for safe commute. Jugnoo has raised about $40 million in funding thus far over 4 funding rounds from 8 investors including Paytm and Snow Leopard Technology Ventures. Along with ride sharing, Jugnoo also offers various other services including trucking and delivery services, Employee transportation, carpooling, along with shuttle and towing services.

    Tap Chief

    Tap Chief, founded in 2016 and acquired by Unacademy as of now is a cohesive platform for finding experts in varying fields and scheduling calls with them to procure necessary advice. Tap Chief has garnered a sum of $2.5 million from 16 investors over 9 funding rounds, with the latest investment having taken place in December of 2019 in the Seed round. Tap Chief started out with a vision and as a group of college students, and has thus far helped 150K entrepreneurs to work with over 250 customers, and has driven over INR 20 Crore in income.

    CreditMate

    Founded in 2016, CreditMate is a platform that addresses the collection of bounced EMIs and bad debt through facilitated by SaaS. Powered by innovative tech and digital-first communications, CreditMate has thus far raised about $5.5 million from 2 investors over 3 funding rounds, and looks to empower borrowers with a better credit score as well as the lenders with an enhanced lending performance. With a focus on helping customers to pay their debt, CreditMate is working with various money lenders including Paytm and Kaarva to offer seamless payments and EMIs, along with a unique borrower experience.

    Unacademy

    Unacademy – EdTech Platform that Reshapes Education | Business Model
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Classroom learning is seen as a hindrance by many to discover new things, and alot of students ar…
    StartupTalkyHimaya Presthitha

    Unacademy Success Story

    Unacademy is one of India’s largest EdTech startups, and offers an online learning platform to both students and educators in the form of a plethora of video lectures and exam preparation courses. Unacademy has garnered a total funding of over $398 million, over 11 funding rounds from 36 investors including some tech giants such as Tiger Global and Nexus Ventures along with Paytm. It offers courses on various subjects for some popular and notoriously tough exams including UPSC, SSC, NEET, JEE, among others along with an intuitive interface for both, the mobile app and the website, allowing users to watch missed classes, and enroll with different instructors.

    LogiNext

    LogiNext is a logistics management software designing company, that helps users track and optimize field services such as shipments and carriers in real-time with a single map interface. LogiNext has garnered a total funding of about $49.6 million from 6 investors and over 3 funding rounds, including some big name such as Tiger Global and Paytm. While the latest funding round was closed in January of 2020, LogiNext had a post-money valuation between $100 ad $500 million, and has acquired Your Guy, a product delivery company in April of 2016.

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    Nearbuy

    Founded in 2011, Nearbuy is India’s first hyper-local E-commerce platform and a one-stop solutions to find and buy almost anything ranging from dinner reservations to salons and spas. Nearbuy has amassed a total investment of over $37 million over 3 funding rounds from 2 investors until it was acquired by Paytm in the December of 2017. Nearbuy also offers various cashbacks, promo codes, and giftcards on restaurant payments and movie tickets along with other discounts on popular brand and offerings such as Rapido, Myntra, and Oyo among many others.

    QorQL

    QorQL is a connected health platform and offers healthcare solutions using AI and big data algorithms advances. QorQL in 2017 raised an undisclosed amount in Corporate funding round from Paytm, and is looking to deploy the funds into digitizing healthcare by combining data from wearable healthcare and clinical devices, and the genome, and using Machine Learning algorithms to use the data and find solutions in the field of healthcare. QorQL has also acquired Raheja QBE, a general insurance service, in the July of 2020 for $76 million.

    Conclusion

    The startup Ecosystem in India has been around for over a couple of decades now, but has just recently received the boost that it needs. With larger corporations and investment firms pouring investments in innovative startups, the room for actionable ideas has expanded, and Paytm hasn’t backed out either. Even other tech giants have launched various incubator programs to help startups with funding and resources, and with all the support and investments from venture firms and big corporations, it is safe to assume that the future of startups in India is propitious to say the least.

  • Startups Funded by Flipkart

    Entrepreneurship is one of the growing niche in recent times, and the startup ecosystem is evolving as more individuals are gearing up to work on their own startups with unique and actionable ideas. Startups with a vision and a roadmap to make a fortune out of it are often funded by venture capital and investment firms. Such firms offer private equity finances to startups in need of funds, for a fraction of the company itself. Larger corporations including Google and Jio haven’t held back from this either.

    Flipkart has made quite some investments in the recent times, and has invested in startups both in India and abroad. As of now, Flipkart has made 24 investments along with 15 acquisitions including Scapic, Walmart India, eBay and others. Flipkart also has a separate program for Indian startup funding called the Flipkart Leap. Here we discuss and compare the top 10 startups funded by Flipkart, their solutions and funding amounts.

    Flipkart Online Shopping – Latest News, Subsidiaries, Owner, Business Model
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Don’t you think online buying and selling has become an essential part of ourlives? Youth and adu…
    StartupTalkyRishabh Rathi

    Flipkart Success Story

    PhonePe
    Mech Mocha
    Universal Sportsbiz
    Liv.ai
    Ninjacart
    ANS Commerce
    Entropik Tech
    Shadowfax
    Scapic
    Fashinza

    PhonePe

    PhonePe Success Story | UPI | Business Model | Revenue Model | Funding
    The emphasis is on comfort and ease in today’s world. Carrying currency hasbecome cumbersome with the advent of mobile wallets and other digital paymentmechanisms. Mobile apps are the preferred method for the payment of groceries,utility bills, phone recharge, etc. Even large transactions are now…
    StartupTalkyPurbalee Dutta

    PhonePe Success Story

    PhonePe is an Indian digital payments service founded in the December of 2015,  and has raised since $1.4 billion in 12 rounds of funding. Walmart and Flipkart are the most recent investors of PhonePe, and while its latest funding round closed in the December of 2020, PhonePe acquired Zopper back in 2018. PhonePe allows users to recharge their mobile phones, pay bills, find stores that accept digital payments and make digital transactions, and a lot more. PhonePe has recently rolled out a new solution for business called the PhonePe Switch, that furnishes users with access to over 273 million PhonePe users, while being cost effective.

    Mech Mocha

    Mech Mocha is India’s first real-time multi-player social gaming platform based in Bengaluru. It was founded in 2014 and has since raised about $9.9 million from 5 funding rounds and 8 investors including Blume Ventures and Flipkart. While their latest funding closed in the November of 2018, Shunwei Capital and Neoplux are its most recent investors. While its lead investors were Shunwei Capital and Accel, Mech Mocha was recently acquired by Flipkart, the E-commerce giant of India in November of 2020 for an undisclosed amount.

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    Universal Sportsbiz

    Universal Sportsbiz is an Indian youth-centric fashion brand house, and has so far raised over $33 million from 3 investors including Flipkart, Accel, and Alteria Capital over 4 funding rounds. Universal Sportsbiz has catered to the Indian Fashion Industry with trending products and celebrity tie-ups. Based in Bangalore, Universal Sportsbiz was quick to be recognized by the youth and fashion enthusiasts, and became a key player in its category with its portfolio including Wrogn and Imara. Moreover, with amenities such as order tracking, shipping, order cancellation, and return and exchange, it has made a firm grip in the Indian market, and is looking to expand further.

    Liv.ai

    Liv.ai is an AI based speech recognition startup founded in 2015, and was only funded by Astarc Ventures in the May of 2017 until it was acquired by Flipkart in the August of 2018 for an undisclosed amount. Liv.ai comprises of a team of innovative tech and AI enthusiasts who are committed to deploying and integrating Deep Learning with products that can easily manage routine and repetitive tasks with ease. Flipkart’s acquisition of Liv.ai would mean that it is keen to develop a competitor to one of its key rivals in the Indian markets, Amazon and Amazon Alexa.

    Flipkart’s 2GUD: An Ecommerce Marketplace For Refurbished Products
    2GUD is a hypervalue platform that focuses on bringing us brand new, affordableand refurbished products across different categories. 2GUD allows you to exploreproducts ranging from fashion, accessories, footwear, home décor, stationery andelectronics in addition to the certified products. This ec…
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    Flipkart for Refurbished Products

    Ninjacart

    Ninjacart is a B2B produce supply chain for farmers and manufacturers to connect to retailers, and has raised over $192 million in 11 funding rounds from 19 investors including 6 lead investors. While the investors of Ninjacart include some big names such as Walmart and Flipkart, its latest funding round was closed in the October of 2020. Through the use of innovation in technology, Ninjacart strives to offer solutions on supply chain problems, and delivers fresh produce from farmers to businesses within 12 hours. It helps farmers with faster payments along with a revenue hike by about 20%, along with doorstep delivery for retailers.

    ANS Commerce

    ANS Commerce, founded in 2017, is a complete solution for E-commerce business, connecting brands to their customers and allowing business owners to focus on the products. ANS Commerce has so far raised $25K in the Grant round from Flipkart leap, Flipkart’s accelerator for Indian startups, and offers a Brandstore, performance marketing, marketplace management, along with warehousing and fulfillment, as a complete suite of business and E-commerce solutions. Moreover, with its onboarding support, sales focused approach, along with omnichannel strategies help you enhance revenue growth seamlessly.

    Big Billion Flipkart | The Analysis of Flipkart’s Business Model
    Every Indian citizen is aware of the e-commerce site called Flipkart[/flipkart-success-story/]. It’s a company that grew tremendously over time,worked its way to the top, and got attention from big names like Walmart whoacquired the company for a whooping 16 billion dollars. In India, thesecond-…
    StartupTalkyVibhavari Madki

    Flipkart Business Model

    Entropik Tech

    Found in 2016, Entropik Tech is an AI powered emotional intelligence platform based in Bengaluru, and has so far raised $9.3 million over 4 funding rounds from 9 investors, including the likes of Flipkart Leap and Bharat innovation fund. With a humongous database of 16 million unique user emotion data, 20K testings, along with 100 million testers on panel, Entropik uses human emotions for displaying ads customized to your specific interests and connections, develops custom UI/UX designs, and offers an amazing shopping experience. A leader in EmotionAI, Entropik helps brands measure customers’ cognitive responses to their content and products.

    Shadowfax

    Shadowfax, founded in 2015 and based in Bangalore, is an on-demand logistics network and a one stop delivery solution, and has raised over $119 million from 13 investors over 6 funding rounds. With some industry giants as their investors including Flipkart and Qualcomm Ventures, Shadowfax exhibits 4 lead investors, with the most recent fund raised in December of 2019 in Series D funding round. The solutions offered by Shadowfax include Now, a hyperlocal service, Connect, the logistics service, along with E2E and Next, an integrated 3PL service with tracking and system monitored pickup and assisted task management.

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    Scapic

    Scapic is an augmented reality startup founded in 2016 and based in Bangalore, and had initially raised $500K from 3 investors until it was acquired by Flipkart in the November of 2020, for an undisclosed amount. Scapic started out as a simple and intuitive tool to build AR, VR, and 3D experiences without the use of code, and has since endeavored to offer immersive commerce to viewers and E-commerce customers with 3 dimensional view of products. With Scapic, customers will be able to virtually try out wearable products, create and view realistic images, and also view and monitor metrics to see growth and performance.

    Fashinza

    Fashinza, founded in 2020 is a Gurugram based B2B fashion and apparel manufacturing marketplace, and has since raised $2.6 million over 2 funding rounds and 6 investors including Flipkart Leap and Accel. Fashinza connects you to the best manufacturers in the industry, and takes complete ownership of tasks ranging from design to delivery, with users getting to choose the fabrics and the techstack. Moreover, Fashinza sets you up with with the right manufacturer based on your budget and requirements, and strives to offer solutions for global supply chain challenges with technology and sustainability.

    Conclusion

    Flipkart, a startup founded in 2007 by Binny and Sachin Bansal, has grown immensely since its conception, and has come a long way from raising funds to investing in other startups. This depicts an exemplary growth of a startup with a vision, and speaks volumes, suggesting the Indian startup ecosystem has evolved under percipient entrepreneurship, and the future of the Indian startup ecosystem, although full of room for improvement, is on the right track.

  • Startups funded by the Alibaba Entrepreneurs Fund

    Entrepreneurship and Business are some of the growing professions in the recent times, and cohorts of entrepreneurs are working on their own startups with unique and actionable ideas. Startups with innovative ideas, applicable solutions, and a roadmap to build a fortune out of them are often funded by venture capital and investment firms. Such firms offer private equity finances to startups in need of funds in return for a fraction of the company itself. While there are discrete firms for such investment, larger corporations including Google and Microsoft haven’t held back from this either.

    Alibaba Group is another such corporation that has taken to venture investment in startups, and has since invested in over 200 different funding rounds in smaller companies and startups. With the latest investment made in December of 2020, Alibaba Group has also made 4 diversity investments while also having acquired 32 organizations. So here we discuss 10 innovative and promising startups that the Alibaba Group has invested in, and the services they have to offer.

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    Quite often you would come across motivational and awe inspiring posts of howJack Ma dealt with his struggles. Jack Ma’s net worth is $44.3 billion, Jack Mais China’s richest man and one of the richest individuals in the world. Startinghis career as an English teacher, he co-founded one of the la…
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    Lynk
    Kloudless
    KKday
    Pickupp
    ZStack
    Qupital
    Aqumon
    Kneron
    Airwallex
    Prenetics

    Lynk

    Lynk, a knowledge network to seek and share information, has raised a mammoth $24 million in Series B funding by Alibaba Entrepreneurs Fund and 2 other investors. Lynk offers a global network of over 840K knowledge partners from every major sector, enables users to build a knowledge platform, as well as create their own profile to get discovered and consequentially rewarded. Be it the investment sector, the corporate world, or even professional services, Lynk Answers has insights on most of the topics you can ask for, and while it is quite comprehensive in itself, Lynk is coming up with a couple of more platforms including the Lynk Circle and the Lynk Infinity.

    Top Chinese Investors In The Indian Startup Ecosystem
    Chinese investors have had a significant presence in the startup ecosystem InIndia. After the recent dispute at the Indo-China border, the Indian public isactively participating in the #BoycottChineseProducts movement. This has alsoresulted in the boycott of the services and products offered by d…
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    Chinese Investors in Indian Startup Ecosystem

    Kloudless

    Kloudless, an API integration platform for software developers, has raised about $7.3 million in Series and Seed funding from 17 investors, including the likes of Alibaba Entrepreneurs Fund and Bow Capital. Kloudless strives to unify endpoints and data models across SaaS API to evade all the redundant hard work that goes into recurrent coding. Along with the unification, Kloudless also offers other functionalities including cloud storage, event scheduling, customer relationship management (CRM), email and chat, as well as incident management. Users can also avail real-time activity monitoring without any API maintenance.

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    KKday

    KKday is a travel experience platform that seeks to help others find and live their most ecstatic travel experience, and has raised about $107 million in different funding rounds from investors including the Alibaba Fund. When it comes to travel promotions, destinations, and trending products, KKday is one of the best platforms encompassing a variety of options, ranging from the adventure of deep sea to mesmerizing views from great heights. KKday also offers transportation including car rentals for local commute, as well as merchandise and commodities along with activities and also arranges for communication including sim cards and an internet connection.

    Pickupp

    Pickupp, an on-demand courier delivery service, has raised an undisclosed amount in 4 funding rounds and is backed by 10 investors including Cyberport Macro Fund and Alibaba. With its efficient door-to-door delivery service and delivery optimization, Pickupp helps online stores save up to 33% in the delivery costs. It offers on-demand service all seven days with real-time GPS tracking, drop off picture and e-signature, along with cash on delivery as well as API integrations. Moreover it also offers various plans including the Express Delivery service and the Same Day Delivery service, priced at different subscriptions so users can choose the better suited option.

    List Of All The Startups funded by Fireside Ventures
    Early-stage consumer brands investment. It’s a wonderful time in India to createbrands. Fireside Ventures [/tag/fireside-ventures/] was launched in 2017 and isan early-stage risk fund focused on consumer goods. The fund is expected toinvest in luxury brands in fields such as food and drinks, per…
    StartupTalkyMichelle D’souza

    Startups funded by Fireside Ventures

    ZStack

    ZStack, an open source Infrastructure as a Service (IaaS) software, and has been funded by 13 investors and 3 lead investors, and has raised an enormous $49 million over 3 funding rounds. Its productionized IaaS software offers users a unified cloud to manage data center resources for computation and storage along with an intuitive UI and quick installation of cloud on physical servers. It is also supported by a one-click cross version update for business continuity and resource reusability. Moreover, any devices employing the x86 architecture with a CPU can deploy the ZStack software enterprise seamlessly.

    Qupital

    Qupital is a fintech platform based in Hong Kong, and has raised about $8 million in funding from various investors including the Alibaba Entrepreneurs Fund. Qupital allows you to invest in some of the most promising E-commerce market with top notch digitized financing services by employing machine learning and data analysis. Qupital is known for the easy and straightforward application process with a data driven credit model without any mortgage. Moreover, with the quick loan and low cost financing, the complete process is streamlined and seamless.

    List of Angel Investors in Delhi [With Contact]
    Angel investors are sometimes marked as Private investors or Seed Funders.Though known by different names, their main aim is to invest in startups or newventures, thereby helping them to grow and create a presence in this dynamicenvironment. If you are looking to get an insight about Angel Invest…
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    Aqumon

    Aqumon, a Hong Kong based fintech company and digital wealth management platform, thus far has raised about $30 million from 6 investors including the likes of Alibaba and Cyberport. Aqumon is one of Hong Kong’s leading investment platforms and allows you the access of smart portfolios in a matter of minutes. Aqumon has a seamless investment procedure where all yo need to do is offer some insights about yourself in a short test, and Aqumon finds the perfect portfolio for you, so you can watch as your money grows. Also, even if you can’t monitor the markets on a daily basis, or can’t find the best investments, Aqumon does it for you, while you can sit back and relax.

    Kneron

    Kneron is an AI based solutions provider, and has raised over $73 million in funding in 4 funding rounds from 9 investors including Qualcomm and Alibaba. Kneron’s innovative and robust on-device Edge AI offers solutions to work seamlessly with cloud based AI systems, to simultaneously generate and infer data and results. Kneron offers Reconfigurable Artificial Neural Network (RANN), that adapts to recognize audio, 2D, and 3D inputs while also being compatible with AI frameworks and neural networks. Moreover,  it also enables users to customize and integrate total system hardware and software solutions to make it ideal for AI computing.

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    Airwallex

    Airwallex is a global payments fintech platform that empowers businesses to operate seamlessly, and has raised $402 million in 11 funding rounds backed by 8 lead investors and a total of 17 investors. Airwallex enables business across the globe efficient and seamless trading and reduces currency exchange friction while also introducing you to revenue streams in newer markets. You can also hold your funds in a foreign currency, and reduce fee when converting and withdrawing funds in your preferred currency. Moreover, Airwallex also allows for low fee international payments with faster methods along with batch payments.

    Prenetics

    Prenetics, a genetic and diagnostic health testing platform has raised $67 million in funding from 10 investors including Alibaba Entrepreneurs Fund and Venture Capital. In the wake of the pandemic, Prenetics was appointed and sponsored by Hong Kong’s government for COVID-19 testing, and with the help of Oxsed, Prenetics has helped over 200K staff of restaurants, supermarkets, and other services by identifying and isolating infected individuals. Prenetics has always strived to provide valuable and actionable health related information and has till date conducted 400K DNA tests worldwide and counting.

    Conclusion

    Alibaba Entrepreneurs Fund is a non-profit subdivision of the Alibaba Group, and is aimed at helping the Startup Ecosystem grow. While Alibaba offers a Youth and an Investment program that is more focused Hong Kong and Taiwan based entrepreneurs, it has also invested in Startups from India and other foreign countries with great upside potential. All in all, lately many industrial giants including Google and Microsoft have demonstrated interest in funding startups, and in the near future, revolutionary startup ideas will be more than welcome for investment capital and mentorship.

  • Startups Funded by the Microsoft Accelerator Program

    Entrepreneurship is one of the growing professions in the recent times, and more individuals are gearing up to work on their own startups with unique and actionable ideas. Startups with a practical solution, and a roadmap to build a fortune out of it are often funded by venture capital and investment firms. Such firms offer private equity finances to startups in need of funds, for a fraction of the company itself. While there are discrete firms for such investment, larger corporations including Google and Jio haven’t held back from this either.

    Microsoft offers an accelerator program, called the Microsoft Co-founder’s fund for venture capital to startups with great potential. Microsoft has so far made about 147 investments in different funding rounds along with over 200 acquisitions. The numbers place Microsoft in one of the top startup investors in the industry. So here we discuss 10 promising startups that Microsoft has invested in, and the solutions they have to offer.

    Bindwise
    HealthifyMe
    xCloud
    Springboard
    AppyWay
    Cloudflare
    Cognisess
    AppsFlyer
    The Fabulous
    Sentri

    Bindwise

    Bindwise is an E-commerce based platform, and has raised about $86K in a total of 5 funding rounds, with the latest round held in the May of 2020. Bindwise offers robust E-commerce solutions for online merchants and sellers assisting them in time, stock, and inventory management. Workflow is an ever changing regime, and Bindwise knows exactly how to eliminate most of the manual work and manage orders as well as the inventory. Bindwise keeps you posted in regards to the latest Amazon trends that are likely to impact your sales, while also warning you of the defects in listing, policy violations, and other important issues, hence giving you a head start.

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    HealthifyMe

    Co-founded by Tushar Vashisht, Mathew Cherian, and Sachin Shenoy, HealthifyMe was included in Microsoft’s Incubator program for its quality results in eating habits and fitness. With a user base of over 19 million, HealthifyMe has delivered and made its presence felt in the community of fitness enthusiasts, and helped users with weight loss, leading a healthy lifestyle, diet plans and other health sensitive issues. Users can communicate with certified fitness coaches, and monitor their progress by tracking food intake, workout routine and water intake, and witness the change steadily.

    HealthifyMe Success Story – Founders | Funding | Revenue | Business Model
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has been approved by the organization it is based on. Having a fit and healthy body is everyone’s dream, but it has somehow not beeneveryone’s cup of …
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    xCloud

    xCloud has raised a total of CN¥ 5M in 2 rounds of funding, including one lead by Microsoft Accelerator. xCloud is supposed to be a cloud-based gaming platform for web browsers, and will allow Xbox players to access their games through a browser. While currently, the xCloud works on android devices as well as tablets, the web version is in the works and will include a simple launcher with various functionalities including game recommendations, resume recently played titles, and more. The web version is currently supported by chromium browsers such as Google Chrome and Microsoft Edge, but is scheduled to be previewed soon.

    Springboard

    Springboard, the online workforce training and learning platform has secured funding from various investors, Microsoft Co-founder’s fund being one of them. Springboard offers part time bootcamps, that serve as a great help for professionals getting ready for their career within months. Once enrolled in a course offered by Springboard, users are assigned a mentor and are provided with the best in class curriculum, curated with diverse perspective by experts. All the lessons are taught to implement in the real-world with problems and project based assignments, while also offering the users valuable insights and feedback by the mentor on a weekly basis.

    AppyWay

    AppyWay, a kerbside management, mobility, and parking solutions provider, has secured an investment of over $12 million in different funding rounds from 12 investors, Microsoft being one of them. The parking solutions that AppyWay has to offer are meant to enable intelligent mobility and provide accurate off-street parking information. AppyWay also offers a traffic mapper, a traffic order tool meant for high performing authorities, as well as a traffic engagement tool for digitizing public consultation. It also furnishes users with Parking API and a Last Meter Navigation for enabling creaseless journeys with destination and drop-off data.

    Cloudflare

    Cloudflare is a web infrastructure and website security platform, and has raised about $332 million in funding up till its Series E funding from some big name in the industry including Google and Microsoft. Cloudflare offers an integrated global cloud network that users can deploy to boost and secure their websites. The security options that Cloudflare has to offer include advanced DDoS (Distributed Denial-of-Service) along with intelligent Web Application Firewall, along with performance boosting with intelligent routing and mobile optimizations. Moreover, its serverless platform and reliability has attracted investments from various venture firms.

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    Cognisess

    Cognisess, a market leading software provider, has been funded by 4 investors including the Microsoft Accelerator, and acquired Meet The Real Me in 2015. The solutions that Cognisess has to offer help businesses all over the world recognize, nurture, and retain talented individuals for a strong and productive workforce. Cognisess brings together the power of data science and the intelligence of machine learning, and helps make more informed and data driven decisions. It helps track employee performance and productivity and keeps them engaged with real-time feedback to manage the workforce.

    AppsFlyer

    AppsFlyer, a SaaS mobile marketing analytics and attribution platform, has raised over $290 million in various funding rounds and from 12 investors, including the Microsoft Accelerator. AppsFlyer is known for furnishing users with accurate data combined with a customer centric approach. Be it marketing analysis, cost aggregation, or even fraud protection and deep linking, AppsFlyer has all the solutions for industries including E-commerce, Entertainment, Finserv, Gaming and others. Moreover, the resources that AppsFlyer has to offer include Blogs, reports, podcasts, boards and a MasterClass with avant garde training for mobile attribution.

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    The Fabulous

    The Fabulous is a health, wellness, and fitness platform as well as your own personal coach, and has been funded by Microsoft Accelerator in the Venture Round. While some of us hardly find any time to hit the gym, The Fabulous helps us build and follow a strict and effective daily routine. Be it a coach that assists you throughout your transformation journey, or the discipline you need to endure it, The Fabulous is as good as the name suggests, and helps you achieve your set goals. One other perk that it has to offer is that you also get to connect with others with similar interest and hence become part of an organized community directed and motivated to the same goal.

    Sentri

    Sentri, an AI powered access governance control system, has secured a strategic investment by the Microsoft Accelerator along with some other investors, and has raised over $855K in 3 different funding rounds. Sentri offers enterprise grade security services that include detection and prevention of security breaches, digitization of employee onboarding and off-boarding, as well as monitoring data security risks. Sentri also allows users to automate access controls, customize workflows, monitor real-time risks, and all that with the most intuitive and efficient UI. Moreover, integrations such as Oracle, Google Apps, Salesforce, and Office make Sentri all the more seamless and viable.

    Conclusion

    Microsoft, for the next couple of years has pledged to invest about $500 million in visionary startup ideas through its Microsoft for Startups program, dedicated to helping B2B startups to scale their company. Likewise in the years to come, worth of revolutionary startup ideas is going to be recognized by larger corporations and investment firms. Hence, startups with high potential will be more than welcome in the time that lie ahead, and more investors will be inclined to empower entrepreneurship than ever.

  • Startups Funded by Amazon | Alexa Fund Portfolio Companies

    Investment in promising startups is one of the newer trends, one that tech giants are seemingly interested in since the last decade. Larger corporations including Google, Amazon, and Facebook are offering Startup Accelerator Programs in which startups can register and showcase their potential as a consumer service or other niche. If the startup idea is recognized as a promising investment, they are funded by these corporations accordingly.

    Like other tech giants, Amazon is not new to the investment game, and has been funding startups since the previous decade through the Alexa Fund. Amazon has invested in all kinds of startups, ranging from Fin-tech to online education platforms to healthcare startups, it found promising. Although not all, below is the list of top startups that Amazon has funded, in different domains, and the rounds they were funded in and the investment amount.

    Blutag
    Fiddler
    Amira
    Yourika
    Lightform
    Zoobean
    HelixAI
    Aspinity
    Aaptiv
    SmartRent

    Blutag

    Blutag is a startup in the field of Machine Learning and Artificial Intelligence, and aims to develop voice shopping and integrate it with brands. Blutag has raised $1.5 million in 2 funding rounds, with Alexa Fund participating in the seed round. While it allows natural language conversation between users and the voice assistant, Blutag also helps sellers enhance sales through simple voice searches. It even makes personalized recommendations through AI, and creates an overall better and more convenient shopping experience.

    Fiddler

    Fiddler offers an explainable AI platform and helps you deploy robust AI solutions. Fiddler has recently secured a strategic investment from Alexa Fund, and is looking to expand its horizons and advance actionable AI insights to help businesses. Fiddler helps businesses by offering them complete transparency into the production AI systems so robust and high-performance AI solutions can be deployed. As of now, Fiddler has raised a total of $14 million which includes a funding of $3 million in the seed round.

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    Amira

    Amira Learning, the first AI powered learning assistant that uses speech recognition to help young readers, has secured an investment from the Amazon Alexa Fund. Amazon Alexa and Amira will work together to assist kids by tutoring them to read and learn via different devices and platforms. Amira was founded by the product and engineering team at Renaissance learning, and exhibits and demonstrates the ability to help children read and grow with an experience close to having a dedicated private tutor.

    Yourika

    Yourika, an AI assisted learning solution has been funded by top investors across North America including Amazon through the Alexa Fund. Yourika was founded by AI and EdTech experts with the idea that ‘anyone should be able to learn and discover anything, anywhere and at any time.’ Yourika has a lot to offer including live transcriptions, ORBITS, an efficient study tool, along with AI based learning APIs. The team of researchers at Yourika Labs is constantly working towards deploying newer methodologies to transform learning experience.

    Lightform

    Lightform, an augmented reality hardware company has recently secured a strategic investment from Amazon’s Alexa Fund and other investors including Lux Capital and CrunchFund among others. The products manufactured by Lightroom include LF2, the first sound sensitive AR projector, LFC kit for mounting and adjusting configurations, and a content creation software with a perpetual license. Lightform allows you to create immerse designs, map complex and organic forms, create content through adaptive visuals, and deploy content in the form of an immersive AR experience.

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    Zoobean

    EdTech company Zoobean has secured investment by Amazon through the Alexa Fund, and looks to incorporate voice technology into its reading software through the raised capital. Be it educators, librarians, or families, Zoobean helps every willing individual to participate in and gain insights with reading challenges. Zoobean offers Beanstack for school districts, Beanbright for classrooms and school buildings along with badge books for high quality reading logs. With over a thousand clients so far and regular webinars co-hosted by clients, Zoobean is one of the leading EdTech companies when it comes to smart and efficient reading.

    HelixAI

    HelixAI, a voice powered digital assistant manufacturer, after participating in the Amazon Alexa Accelerator program has secured an investment from the Alexa Fund. The digital assistant for scientific laboratories build by HelixAI responds to regular queries in real-time and revolutionizes hands-free information access. While it can function as the laboratories voice activated search engine, its knowledge base can be customized to alter its response system for the information to be more scientifically relevant. It also helps researchers manage their inventories and effortlessly go through the protocol of their experiments.

    Aspinity

    Aspinity is a pioneer in ultra-low power analog edge processing, and has recently $5.3 million Series A funding round led by Anzu Partners and Amazon’s Alexa Fund. The power efficient analog machine learning chip is based on neuromorphic and computational electronics along with bio-inspired always-on sensing for high-octane power supply. The chips developed by Aspinity sort and filter out the irrelevant data resulting in lesser data processing, hence saving both time and energy and offering the device a longer battery life by about 10 times.

    Relevant Read:

    Aaptiv

    Aaptiv is a fitness app for anyone who isn’t able to plan out a day, and has raised $22 million in Series C funding round led by Amazon’s Alexa Fund with a current valuation of over $200 million. Aaptiv offers users access to thousands of workout classes every week, and has been an ever expanding community of over 200K fitness enthusiasts. Users can avail fitness programs tailored to their specific needs and routine, along with the guidance of expert trainers for the workout sessions. With just the right techniques, tips, encouragement and music, Aaptiv is striving to transform workout sessions more gratifying.

    SmartRent

    SmartRent, a smart home automation solution provider, has recently raised $60 million in Series C funding led by Amazon’s Alexa Fund. SmartRent has a lot to offer including self guided tours, parking management, access controls along with smart apartments. The smart home solutions are developed by multifamily operators for efficiency, convenience, and asset protection. The contactless property access management coupled with remote controls of doors, thermostats, and lights make it a trusted and reputed brand among operators and homebuilders.