Welcome to the twelfth edition of “Startups of the Week” and this week we feature 8 great and young startups which stole the show. This week in the list are:
1. PayTunes
Founded by Divya Pratap Singh and Rakesh Sehgal in 2015, PayTunes provides advertisers and brands a targeted medium to reach mobile consumers through audio visual ads. For users, the PayTunes app replaces their mobile ringtones with ad jingles from advertisers and at the end of the call, a visual for the same ad is also shown.
For every ad played, a user earns points which can be redeemed against mobile recharges and bill payments. PayTunes also provides offers to its users from e-commerce portals.
New Delhi-based Real Time Networks Pvt Ltd, which operates mobile advertising platform PayTunes, has raised $500,000 in pre-series A funding from Indian Angel Network (IAN) and CIO Angel Network.
2. ePaylater
ePaylater was founded in December 2015 by Aurko Bhattacharya, Prasannaa Muralidharan, Uday Somayajula, Shanmuhanathan Thiagaraja and Saxena. The company gives customers the option to ‘buy now and pay later’ on online portals with just one click.
The customers get 14 days to make the payment and within that period they can make many more transactions via single-click checkouts and can bunch them all together to make a single payment at the end of the period.
The startup which is the brainchild of Mumbai-based Arthashastra Fintech Pvt. Ltd, has raised $2 million in a seed round of funding from three high-net-worth individuals.
3. KrazyBee
KrazyBee, Founded in 2015 by Madhusudan E and Wan Hong, offers flexible instalment-based purchases exclusively to college students with no credit history or credit cards. The startup has more than 10,000 registered users within one month of operations.
It wants to focus on the student segment and is building a merit-based credit score system. The proprietary credit score will be used to asses a student’s capability to repay the instalments.
Bangalore-based startup has raised $2 Million seed funding from Chinese micro-loan/ecommerce player Fenqile (a micro-loan site) and Chinese mobile ad network YeahMobi.
4. ListUp
Founded by Sumit Gupta, Pulkit Gupta and Saurabh Jain, ListUp was launched in January 2016. The app allows users to buy and sell used items through their smartphone. Centred around geographical proximity, ListUp enables people to discover interesting goods being sold in their neighbourhood.
Mumbai-based startup ListUp has raised $500K (INR 3.3 Crore) in its seed round of funding led by Kae Capital, along with participation of Kunal Shah (FreeCharge, CEO) and Sandeep Tandon (Tandon Group). Sasha Mirchandani of Kae Capital will be joining the board with this round.
5. ExtraaEdge
ExtraaEdge was founded by Ballabh and Sushil Mundada in April 2014. The startup is a cloud-based sales and marketing automation software enabling educational institutes and course sellers take smart data-driven enrolment decisions.
The startup raised an undisclosed amount in angel funding from a group of investors including Ritesh Dwivedy, CEO of Petoo.in and Priti Padhy, global director of business intelligence and information management at Microsoft.
6. Shopwati
Shopwati was founded by Mehak Suri and Ankit Bajaj in the year 2015, and helps women shoppers find clothes and accessories with the help of 55,000+ community members that comprises of stylists, bloggers, private labels, designers, brands and many other users talking about fashion. The startup is growing at a very fast pace and addresses over 300 queries per day and has crossed a GMV of over INR 1.5 Cr, in just six months of its operations.
The startup based out of Gurgaon, has raised an undisclosed amount of seed funding from Sanjiv Rai of SRKK Advisors.
7. 6Degree
Founded in 2014 by Nikhil Hegde and Amit Bhardwaj, 6Degree offers a platform that brings together various members of the fashion and lifestyle sector, such as, fashion designers, bloggers, brands, models and photographers. The platform allows them to connect and collaborate with new business opportunities, launch brands and showcase their creations.
Indian Angel Network (IAN), has invested $200,000 in fashion talent and tech startup 6Degree.
8. SillyMonks
SillyMonks, a YouTube Multi Channel Network partner, was founded in September 2013 by Sanjay Reddy and Anil Pallala and is owned by SillyMonks Entertainment Pvt Ltd, it is a multi-channel network (MCN) delivering 100 million views a month through 650 channels on video-sharing website, YouTube.
Hyderabad-based digital and entertainment startup raised $448K (INR 3 crore) from HNI Sreenivasa Reddy Musani, CMD EKTHA Group.
