Flipkart founders, Anil Kumble and our daily briefing
Daily Briefing — December 16, 2017
The technology behind Paper.vc picks up new entities that have been set up by interesting people in the private investment ecosystem. We make no judgment about the why or how — just popping up the data dots for you to connect any way you want. Here’s a couple that popped up in recent weeks -
The founders of Flipkart (yes, that e-commerce company) have set up a new entity called Sabin Advisors Private Limited. We’re as yet unclear about the purpose of this venture but we can tell you that it relates to the two founders — Sachin and Binny. :)
Then there’s cricket legend and former Indian test and ODI captain Anil Kumble who appears to be setting up his next innings with a new venture. Kumble who quit as the coach of the Indian cricket team earlier this year, recently set up a new venture called Maakscom Technologies. Mr. Kumble set up the venture as an LLP with erstwhile General Counsel (GC) of Infosys, Nithyanandan R as a partner.
Trivia dots:
Anil Kumble previously collaborated in a venture called TENVIC Sports set-up along with former table tennis champion, Vasanth Bhardwaj.
Nithyanandan (also known as Nithya) who worked as GC during the tenure of Infosys founder N R Narayana Murthy, appears to have continued working with NRN in their respective post-Infosys lives — he is a member of the board of Directors of Cloudtail India, the joint venture between NRN’s Catamaran Ventures and Amazon.
Over the course of 2017, Nithya has helped set up two other LLPs — High Serve (a venture with Vasanth Bhardwaj and the founder of a badminton academy, Shiva Prakash) and White Peacock (a venture with Shiva Prakash and former international player and coach, Arvind Bhat).
Vasanth Bhardwaj, who made a successful transition from being a table tennis player to a corporate career in HR, worked for a few years at Roamware, a telecom software company (now known as Mobileum).
Nithya also worked at Roamware for a short period of time, although it appears that their stints at Roamware did not overlap.
Daily briefing
Saturday, December 16, 2017
India
Cash Suvidha, a microlending platform, has raised $2.7 million in debt funding from six financial institutions. (Inc42)
HomeLane, a home interiors startup, has secured $10 million in a funding round led by Accel Partners, with participation from Sequoia Capital and RB Investments. (EconomicTimes)
WeDoSky, a drone data analytics startup, has raised an undisclosed amount of funding from Mumbai Angels. (VCCircle)
Purplle, a beauty products and services marketplace, announced raising $537K from Mountain Pine Capital and Suncoast Investments, with participation of a few angels. (VCCircle)
North America
Manticore Games, a gaming startup, has raised a Series A round of $15 million led by Benchmark Capital. (EsportsObserver)
Fanchest, a startup that delivers curated sports themed gift boxes, has raised a seed round of $4 million from investors like Drew Brees, Von Miller, Nick Horbaczeswki, Founder and CEO of the Drone Racing League, and VC funds like GoAhead Ventures and Connected VC. (TechCrunch)
CrossBorder Solutions, a corporate tax software and services provider, announced Series A funding of $6 million from Kennet Partners. (PEHubNetwork)
Lily, a personal stylist app, has secured $2 million in a Seed round led by NEA with participation of other investors. (HuffingtonGlobal)
Europe
NexWafe, a PV wafer startup, has raised fresh capital of $9 million from Saudi Aramco Energy Ventures, with participation from Green Gateway Fund 2 and Lynwood (Schweiz) AG. (eeNewsEurope)
Israel
Colu, Israeli blockchain startup, raises $14.5 million from IDB Development Corporation. (Globes)
Insightec, a medical devices startup, has received an investment of $75 million from Koch Disruptive Technologies, a tech fund set up by Charles and David Koch. (Haaretz)
Australia
Airwallex, a fintech startup out of Australia, has secured $6 million in funding from Square Peg. (TechCrunch)
China / Japan / Korea
Ispace, Tokyo-based space startup, has secured funding of $90 million from industry biggies including Japan Airlines Co. and television network Tokyo Broadcasting System Holdings Inc. (InternationalBusinessTimes)
SE Asia
Qwikwire, a cross border payments platform, is looking to raise $9 million through ICO of it’s Qey token. (DealStreetAsia)
M&A
Target acquires Shipt, an online grocery delivery service, for $550 million in an all cash deal. (VentureBeat)
Funds
Charles and David Koch of Koch Industries have set up an early stage VC fund called Koch Disruptive Technologies. (Axios)
