3 rising startups in India – July 18, 2016

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A Ratan Tata-backed jewelry store makes our list today, along with a site that’ll help you sell your old appliances – with free pickup – and a startup that connects you with the legal help you need to get your startup off the ground. Not too shabby for a Monday in India. Check out our list of funded startups today.

Cashify

Is your refrigerator running? Have some money for it.

Want to sell your smartphone in favor of the newest model? Sites like Blume Ventures-backed Cashify can help, offering you cash for your device based on condition. Its team will come pick it up for you, which comes in handy if you’re trying to sell bulkier items like washing machines or refrigerators.

Delhi-based Cashify has just announced that it’s bought MobiBing, a smaller company headquartered in Bangalore that helps users buy and sell their used devices on a similar site. The value of the cash and stock deal wasn’t specified.

MobiBing was founded last year by Sibgathulla Zeeshan and Nadeem Bari Mohammed. Most of the startup’s four-member team will join Cashify’s team of 110.

Cashify was founded by Nakul Kumar, Mandeep Manocha, and Amit Sethi in 2013.

Bluestone

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In 2014, Ratan Tata invested in online jewelry store Bluestone. The site has today announced a US$28 million funding round led by investors including IIFL, Accel Partners, Kalaari Capital, RB Investments, and IvyCap Ventures.

Launched by Gaurav Singh Kushwaha in 2011, Bluestone sells a variety of jewelry – about 5,000 designs – that it claims to manufacture and design in-house.

HiGrit

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