5 Indian startups that stole the limelight

Scaling up Photo Credit: Karen Roe

Already household names in India, Flipkart and Quikr made some solid moves today to show they’re still on top of their game. Two transportation apps also zoomed their way onto our list. Here are the startups that made news today.

Flipkart

Indian ecommerce giant Flipkart acquired a strategic minority stake in MapmyIndia, which provides digital map data, GPS navigation, tracking, location-based apps, and GIS solutions, the two companies announced today.

The move is expected to bolster Flipkart’s existing supply chain and logistics operations by strengthening its first-mile pickup and last-mile delivery operations.

“The integration of comprehensive and accurate location data will allow us to deliver an even more personalized and delightful experience to our customers,” said Binny Bansal, COO and co-founder of Flipkart.

Flipkart offers over 30 million products in more than 70 categories, including books, media, and consumer electronics.

MapmyIndia’s early financial investors, Nexus Venture Partners and Lightbox Ventures, will now leave the company.

Quikr

Online classifieds site Quikr has acquired real estate analytics company RealtyCompass for an undisclosed amount.

Quikr, which is rumored to be eyeing real estate startup CommonFloor, will augment its recently launched real estate section QuikrHomes with the acquisition.

“[RealtyCompass] addresses the needs of evolved home buyers and investors who seek better decision making tools. It also complements our offerings to consumers as we continue to build an all-inclusive real estate marketplace with QuikrHomes,” Manish Sinha, head of QuikrHomes, says.

See: Quikr makes an acquisition – but it’s RealtyCompass, not CommonFloor

Shuttle and ZipGo

Bus pooling startup Shuttl has raised US$20 million from Sequoia Capital, Times Internet, and an international fund, VCCircle reported today. Gurgaon-based Shuttl operates in Delhi and Noida. It was launched in April by Deepanshu Malviya and Amit Singh.

Bangalore-based ZipGo, another transportation startup, has raised an undisclosed amount in angel funding from Orios Venture Partners.

Anakage

Anakage, a product learning and user support solution startup, has secured angel funding of an undisclosed amount from CIO Angel Network (CAN), VCCircle reported earlier.