Inc42 Daily Brief
Stay Ahead With Daily News & Analysis on India’s Tech & Startup Economy
Recently Hyderabad-based venture capital and private equity firm, Anthill Ventures hosted an event entitled “The Marketplace 3.0” targeted towards online marketplaces and enablers looking to raise up to a million dollar.
Over 300+ startups had applied to be part of the event, out of which 25 startups were shortlisted. The startups were judged by Ramana Gogula from Unitus Seed Fund; Rajeev Menon, Prasad Vanga, Founder & Chief Accelerator Anthill Ventures and Pranay Gupta, co-founder, 91springboard.
Here Is The List Of 25 Startups
Founded In: 2014
Founders: Sumat Nanda, Siddharth Rastogi, Siddharth Vij and Chaitanya Rathi
Funding: N/A
It is a marketplace which ensures that footwear retailers get the best variety, quality and price while manufacturers gain sale volume. The startup brings a connection and communication centric B2B portal to facilitate communication amongst entrepreneurs to get leads and expand their business network.
Founded In: 2013
Founders: Prakash Dantuluri
Funding: $250 K in equity crowdfunding on January 2016.
BulBul Apps was started with a vision to enable illustrators, writers, musicians, animators and storytellers to create interactive content for kids all over the world. It offers variety of interactive stories and rhymes for preschool goers on smartphone and tablets.
Founded In: 2013
Founders: Rachit Mathur and Snehil Khanor
Funding: Undisclosed amount from The Times Group’s Brand Capital in November 2015, funding from The Phoenix Fund in April 2015 in pre series A round, and undisclosed amount from angel investors in February 2015.
FindYahan offers a location-based discovery platform that connects skilled individuals and home businesses to their target customers. It offers services in domestic help, car care, educational, tutoring, laundry, home maintenance and food categories, among others.
Founded In: 2013
Founders: Venkatesan Seshadri and Pranav Mehta
Funding: $600K from IAN’s Sanjay Jesrani and Subram Kapoor
An online marketplace for hiring high quality photographers, videographers, stylists and other service providers. It acts as a link between skilled professionals and customers seeking for professionals.
Fxchange
A marketplace that connects buyers and sellers through their friends by creating a social and local ecosystem to buy and sell pre-owned goods.
Gumbuya
A platform that provides unique experience between financial advisors, the financial ecosystem & their customers
Founded In: 2013
Founders: Rajendra Prasad Nadella, H P Vellanki and Sumathi Vutukuri
Funding: N/A
An online portal that allows teachers to connect with students from different locations by using its internet based interactive tele-education platform.
Founded In: 2014
Founders: Abhijit Chaudhary
Funding: N/A
Pickcel is an ad aggregation platform that provides hyperlocal advertising. It focuses on public display advertising as most hyperlocal business like tiles shop owner, yoga instructor, movers & packers business, still don’t use digital marketing.
Founded In: 2013
Founders: Tapas Gupta and Arijit Chakraborty
Funding: Raised an undisclosed amount in Pre-Series A round of funding led by Hyderabad Angels and M&S Partners.
SparesHub is an online marketplace for automobile spare parts for all the brands and models of cars in India. It addresses the pressing problem of unavailability of spare parts and lack of ease in buying them.
Founded In: 2011
Founders: Aashutosh Chaudhari and G Chandra Sekhar Reddy
Funding: Raised $1 Mn in seed round of funding in February 2015 from Powerhouse Ventures and Zolon Ventures
Sports365 is a professionally managed company with exclusive focus on sports & fitness. It provides solutions in the areas of sports & fitness for consumers & institutions. In the consumer space, it is present through its online portal Sports365.in, offering widest range of sports
products across all national & international sports brands. In Institutional space, Sports365 offers solutions covering merchandising, events, infrastructure, consulting etc for sports & fitness for Schools, Clubs & Academies, Corporates & Real Estate.
Founded In: 2015
Founders: Mukesh Manda and Chaitanya Degala
Funding: Raised an undisclosed amount in angel round of funding from the Lead Angel Network
Tinmen offers home cooked lunches to working professionals even in offices. Users can create weekly meal plans and restart or opt out of the deliveries at a day’s notice using the app’s scheduler.
Founded In: 2014
Founders: N/A
Funding: $1 M from expatriate HNIs including Kommareddy Group of Investors
It is a B2C fashion based platform that allows retail brands to extend the ‘in-store’ experience to mobiles.
Founded In: 2014
Founders: Anand Shahani and Mehak Shahani
Funding: $406K (INR 2.7 crores) from IAN
Wedmegood is a comprehensive wedding resource that helps soon-to-be couples chalk out their wedding from planning to execution. It not only helps its customers choose the right vendor but also provides them with great inspiration, concepts and valuable wedding advice.
Founded In: 2013
Founders: Mohammed Abubakr
Funding: $250K
BookMEDS is a healthcare ecommerce startup that enables customers to order medical products via its site and app. They are uberizing brick and mortar pharmacies in India
Founded In: 2014
Founders: Shirish Bhatt, Gaurav Golwalkar and Himanshu Jain
Funding: N/A
It is an ecommerce portal dedicated to help students in identifying the best coaching institutes and online test series across India. It provides test series for for MBA, Engineering, Medical, CA, CS, CWA, Olympiads, Bank and Government exams.
Founded In: 2013
Founders: Anil Varma Sayyaparaju
Funding: N/A
Honestkart.com is a platform where consumers contact organic farmers, stores, manufacturers and buy all organic products ranging from dairy, fruits, vegetables, juices, coffee, teas, dry fruits, groceries, body care, etc.
Founded In: 2014
Founders: Prasanthy Gurugubelli and Neha Yadav
Funding: N/A
Hubchi is a go-to-place for people looking for experiences in their leisure time. It offers facilities across art, adventure, food, travel, outdoors and even astronomy, and help them book easily.
Founded In: 2014
Founders: Tarun M and Ekta Bansal
Funding: N/A
LearnMor is a marketplace for tutors to find students that are passionate to learn the subject they want to teach.
Nectors Healthcare
Founded In: N/A
Founders: Ritesh Khera
Funding: N/A
A B2B2C solution for medical consultations, which allows patients from suburban populations to use their family doctor’s clinic to get referrals and conduct video consultations we offer.
Neuron
Founded In: 2014
Founders: Aaditya Kakde and Veer Mishra
Funding: Neuron was part of TLabs Accelerator
It’s a machine learning platform for text analysis through which developers can understand the Sentiments, topic & entities mentioned in a particular text data by accessing platform.
Founded In: 2015
Founders: Satish Kumar Burra
Funding: N/A
Organic Thali is a catering company that serves 100% organic spicy, healthy and chemical free lunch to working executives.
Founded In: N/A
Founders: N/A
Funding: N/A
A collaborative platform that brings together house owners, architects, service providers, brands and suppliers together.
Founded In: 2014
Founders: Racharla Manikanta and Raghu MUVVALA
Funding: N/A
ShopTap is an offline e-commerce platform designed to bridge the gap between retailers and consumers. It helps retailers to sell products without having to invest in inventory and working capital.
Founded In: 2015
Founders: Niren Pai
Funding: N/A
Tagglane is a marketplace of offline stores in India. It lists various stores with their products for shoppers to discover before contacting or walking to the store. Currently, it includes categories like apparel, home and living, art and craft.
Founded In: 2014
Founders: Dipesh Garg
Funding: Raised an undisclosed amount in November 2015
Truelancer.com is a Online Platform for Freelancers and Employers to Collaborate and Work together. Their vision is to create an Global Ecosystem of Trusted Freelancers and Employers around the world.
The startups were selected from over 300+ applications, with a majority of applications coming from Hyderabad (being the location of the event) followed by Delhi and Bangalore. Out of the applications received, more than 50% of the startups have had already raised funding or are in process of closing a round.
The startups were selected based on their scalability of an idea and strong entrepreneurial team. Besides, the startups necessarily needed to be a Marketplace or Marketplace Enabler and should have had at least a working prototype with some traction or validation.
Note: We at Inc42 take our ethics very seriously. More information about it can be found here.