#Asia 5 rising startups in India


Raining money, fintech investment
Big money continues to flow around India’s startup scene. Here are five of the latest Indian startups bringing in the moolah to scale up.


Digital products company Times Internet has invested $15 million in Taskbucks, acquiring a majority stake, the company announced today.

Taskbucks is a mobile-only tasks marketplace that matches consumers with brands and enterprises. It’s available on Android, and has reached nearly five million downloads without marketing. Times Internet is part of the Times of India Group.


Online cashback and coupons site CashKaro has scored its latest batch of funding – INR250 million (US$3.8 million) in a series A round from Bangalore-based Kalaari Capital. This is the first time a local VC firm has invested in a cashback-oriented startup.


Absentia, the Indian company that built the Tesseract virtual reality headset, has just bagged INR12 million (US$181,000) in seed funding from investors, including Astarc Ventures and 50K Ventures.

The little-known device can put a 3D spin on multiple things – from panoramic pictures to real estate to your favorite video games.


Hyderabad-based ecommerce startup Renowala.com has raised angel funding from the promoters of software technology firm Logtally for a 15 percent stake in the company.

Renowala aims to change the home improvement service experience for Indian customers.


Hyderabad-based startup Octathorpe Web-Consultants, which promotes the online cricket management game Hitwicket, has secured an investment of US$250,000 from Chennai Angels.

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