3 rising startups in India – June 1, 2016

Photo credit: Pixabay.

It’s not every day an auto-rickshaw acquisition involves fresh produce, but that makes the top of our list of funded startups today. Meanwhile, a used car marketplace and an analytics firm have also scored some cash. Check out this fun bunch of startups and let us know what you think.

Jugnoo

Photo credit: Pixabay.

On-demand auto-rickshaw portal Jugnoo has acquired online fruit and vegetable store SubKuchFresh.

The acquisition will go toward enhancing Jugnoo’s grocery delivery service Fatafat. Its delivery services are available for customers in Mohali, Panchkula, and Chandigarh.

SabKuchFresh is tied to more than 100 farmers.

“This is a step towards helping the auto drivers to supplement their livelihood through extra earnings,” said Samar Singla, co-founder and CEO of Jugnoo, in a statement. “Jugnoo also intends to create a logistics network for the mass market of India and wants to tap the hyper-local delivery service space through best possible routes.”

Founded by Samar and Chinmay Agarwal, Jugnoo plans to expand delivery to Gurgaon next month and get into 30 more cities by the end of the year.

Droom

Photo credit: Jonathan Kos-Read.

Droom has secured an undisclosed amount of series B funding from investors. The round was led by Beenext, a venture capital fund and Japanese internet company Digital Garage. Lightbox, Beenos, and other existing investors also participated.

Droom raised US$16 million in series A funding from Lightbox and Beenos last year.

Founded by Sandeep Aggarwal in April 2014 in Silicon Valley, Droom is a car marketplace for India. Customers can buy and sell cars and automobile services on the site, or on the Android or iOS app. Competition in the space includes CarDekho and CarWale

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