Welcome to the seventh 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:
Bengaluru and San Francisco-based social networking startup, Affimity announced on Wednesday that it has raised $1.2 million in angel funding from Silicon Valley angel investors and founders.
Founded by Venkata Ramana, Amar J Singh and Parveen Mittal in 2014, with offices in Palo Alto and Bengaluru, Affimity acts as an alternative social media platform for users to focus on their passions and specific interests, filtering out the background noise and only displays posts that are relevant to the users’ interest.
2. Living Local
Social discovery platform Living Local raised $200,000 in a seed round funding from Rattan Chadha, former CEO of Mexx clothing company.
Living Local was founded by Anubhav Anand along with Neeraj Vasudeva. The startup works on connecting people to restaurants, street food options, nightlife events and other neighbourhood events and activities. The business model going forward will be to bring on board the SME’s who cater to such services.
3. LenDen Club
LenDen Club, an online peer-to-peer lending platform, has raised undisclosed seed round of funding through Venture Catalyst, India’s first seed investment and innovation platform.
LenDen was founded in 2014 by Bhavin Patel and Dipesh Karki. At LenDen Club, the bank depositor directly becomes lender to borrowers. The transaction takes place without any bank interventions. Removing large institutions like bank, saves huge money for the borrower and increases earnings for the lender.
4. Mind Your Fleet
Mind Your Fleet, has secured an undisclosed amount in angel round of funding. The investors have expressed to remain anonymous as of now.
Based out of Noida, the startup was co-founded in 2014 by Malvinder Singh Rikhy and Jitender Arora. Mind Your Fleet’s path-breaking technology helps car rental companies in every step of the way, from booking to billing. It’s a complete end-to-end SaaS-based enterprise product, helping traditional car rental companies to challenge Uber, Ola and other car aggregator’s in the online and mobile domain.
Gurgaon-based RenewBuy, an auto insurance startup, has raised $1 Million in an angel round led by Mount Nathan Advisors Pte Ltd.
RenewBuy offers comprehensive solutions for car and bike owners. Currently, the startup has tie-ups with insurers including Bajaj Allianz, HDFC ERGO, Bharti AXA, Reliance General, and IFFCO Tokio. It also claims to have sold over 500 policies last month and plans to boost the number to 3,000 by the end of this financial year.
Delhi-based tech platform that simplifies legal and business related matters, LegalRaasta, has raised $1 Million (INR 6.7 Cr) in angel funding.
Started by former McKinsey employee Himanshu Jain and his brother Pulkit Jain, the company started in June 2015 helps the companies follow mandatory compliance norms by signing on any of their three verticals for registration, returns filing and marketplace for professional services such as lawyers and chartered accountants.