Welcome to the fifth edition of “Startup of the Week” and this week we feature 6 great and young startups which stole the show. This week in the list are:
Mumbai-based SwitchMe has secured an undisclosed amount of funding from a group of investors including Mohandas Pai, Hiro Mashita and Singapore Angel Network.
SwitchMe services that currently are available in Mumbai, Pune, Bangalore and Delhi, helps customers switch their home loan to a lower rate of interest from the comfort of their home. A switch to lower rate can save lakh of rupees but many customers struggle to achieve it because of paperwork and the leg work involved. SwitchMe’s technology finds the best match of lender for the customer as per multiple parameters. This leads to a quicker process and higher success rate which keeps both the customer and lender happy.
Touchkin, a predictive care startup has raised $400,000 in seed funding from a group of angel investors.
Touchkin was started by Jo Aggarwal and Ramakant Vempati in 2015. The startup makes use of sensors in the smartphone to determine the time when a person may be in need of care. Its machine learning platform identifies potential health issues through changes in communication, sleep patterns and activity as tracked passively from a person’s phone.
New Delhi-based child healthcare startup Babygogo has raised $300,000 in seed funding from a clutch of angel investors.
Babygogo is a startup that aims at providing all vital information about baby care. They bring in ideas and experiences from all experts, parents, service providers on a common platform and hence make the information exchange much easier. They equip parents with access to right information, tools and experts at right time.
An online marketplace in the school and education products domain Schoolkart.com, has raised $300,000 (around Rs 2 crore) in funding from 12 angel investors.
Founded in December 2014 by Nikhil Sareen, Schoolkart is a marketplace for school uniforms, shoes, stationery, sporting goods, reference books, etc. It works directly with vendors of school supplies and stocks around 25,000 products on its platform. Schoolkart also has an inventory-led model for some products.
Chennai and Silicon valley-based SaaS GRC (governance, risk management, and compliance) platform, FixNix raised Pre-series A funding of $500,000 led by Jay Vijayan, CIO of Tesla Motors.
The company, which has operations in Chennai and US, has been bootstrapping for close to three years and this is its first major round of funding. Jay Vijayan said it was his belief that B2B GRC products need handholding to break into the market that led him to invest in the startup.
Qikship, an on demand logistics startup has raised $200,000 in angel round of funding.
The Delhi-based startup was founded by Vikrant Pathak, Ex IES (IIT Delhi & HEC Paris) and Gaurav Tyagi, Ex Zomato Sales head India in September 2015. It is an App/web based on-demand logistics platform that enables users to ship anything anywhere from the comfort of home/office.