#Asia 3 rising startups in India – Feb 15, 2017


Photo credit: Pixabay.

A coworking space and a fintech lending startup earn spots on our list of funded startups in India today. Meanwhile, a matchmaking app that announced funding on Valentine’s Day evening also makes an appearance.


Shailesh Gupta, co-founder of Innov8. Photo credit: Innov8.

Y Combinator-backed Indian coworking space Innov8 has raised angel funding, led by LetsVenture, Venture Catalysts, and angel investors.

Contributors included Paytm founder Vijay Shekhar Sharma, Google India managing director Rajan Anandan, Freecharge founder Kunal Shah, Freshdesk founder Girish Mathrubhootham, former Flipkart CPO Punit Soni, Facebook’s Anand Chandrasekeran, and other investors.

Co-founded by Ritesh Malik and Shailesh Gupta in 2015, Innov8 is a shared workspace that provides community services to startups, freelancers, entrepreneurs, and corporates. It also offers legal, tax, accounting, and other similar services.

It is present in Delhi, Bangalore, and Chandigarh. It plans to launch in Mumbai and Gurgaon in the next three months.

See: Drones, phones, and automobiles: Singtel Innov8 wants startups tackling new problems



Photo credit: Pixabay.

Late Valentine’s Day night, curated matchmaking app Aisle raised an undisclosed amount of funding from CIO Angel Network, a tech-focused angel fund with offices in Mumbai and Delhi.

Former Vodafone CIO Anthony Thomas and Sanjay Mehta, entrepreneur and angel investor, led the round. Konglo Ventures, White Unicorn Ventures, and LetsVenture also participated.

The app is designed for those who are over the casual dating or hookup scene, as well as marriage websites like Shaadi. Joining Aisle is free via one’s Facebook or LinkedIn account. Then he or she has to answer questions about height, weight, monthly salary, career, religion, and other lifestyle choices. Based on the answers, the app may grant access to its services and dating pool.

Founded in 2014 by Able Joseph, Aisle raised pre-series A funding last year in January.

See: 4 of India’s dating apps that aren’t Tinder (and when to use them)


Bangalore-based fintech company ZestMoney has bagged US$6.5 million in series A funding led by Naspers-owned PayU, with participation from US-based Ribbit Capital, Omidyar Network, and individual investors. The startup will put the money toward tech and product development.

Founded by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman in 2015, the startup combines AI and machine learning to profile risk for credit applicants. Ecommerce customers then get monthly payment options based on the data. The company works with financial institutions to lend.

ZestMoney currently works with over 40 ecommerce websites and three partner financial institutions. This year, it is looking to expand its risk profiles to other categories, including travel and education.

See: Startups target subprime customers, riding on India’s fintech boom

We’ve been bringing you cool Indian startups lately. Check them out here.

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