3 rising startups in India – August 18, 2016

Photo credit: tuk69tuk / 123RF Stock Photo.

A startup takes the leap into Southeast Asia, and a moving service startup raises money to pack and carry your valuables so you don’t have to. Meanwhile, a company makes some headway into the world of digital marketing. Check out our list of funded startups for yesterday and today.

Appknox

Photo credit: Blue Coat Photos .

Singapore-based app security startup Appknox has raised US$654,000 in pre-series A funding. Primarily working with clients in India, it will use the funding to extend its services to Southeast Asia.

Seed-stage venture capital firm SeedPlus – a fund jointly set up by Jungle Ventures, Infocomm Investments, Accel Partners, and RNT Associates – led the round.

Appknox tests the security of mobile apps in a virtual online setting by inputting the app store’s URL. It identifies weaknesses and advises on how to fix them.

The startup currently has over 50 clients in India, Singapore, and the United Arab Emirates. Four of those clients are in Singapore, including Redmart and Hooq. It counts Paytm and BigBasket among its clients in India.

Founded in April 2014 by Harshit Agarwal, Subho Halder, and Prateek Panda, Appknox seeks to raise its series A round by the end of this year.

Pikkol

Photo credit: Pikkol.

The Indian Angel Network announced yesterday it had invested an undisclosed amount of funding into Pikkol, a moving services startup based in Bangalore. Revathy Ashok, CEO and managing trustee of Bangalore Political Action Committee, and Raj Rathi led the round. As part of the deal, Raj joined Pikkol’s board.

The company will put the funds toward product development, expansion, and team training.

Conceived in April 2015 by Deepu Chandran, Suraj Valimbe, Siby Mathew, and Jayaram Kasivisweswaran, Pikkol uses analytics and logistics to help users relocate. Deepu graduated from IIM-Bangalore, while Jayaram is an alumnus of IIM-Lucknow. Siby is an NIT grad and worked for HP for nine years. Suraj has worked with Hitachi and Tata Croma.

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