7 rising startups in India – Dec 8, 2016

Today’s list is peppered with seven interesting startups that have found grounding with investors. Food, fashion, health, finance – the list is diverse.

Revv

This Delhi-based car rental startup has raised series A funding of US$9 million in equity and debt.

Revv is quite different from Uber or its chief Indian rival, Ola. Revv offers cars to rent. You can choose a car from Revv’s website or app, which is available on iOS and Android, get it delivered at your doorstep, use it, and have it picked up when you’re done. They’re available on an hourly, daily, weekly, and monthly basis.

With the fresh capital infusion, Revv will broaden its product catalog to include other travel options. It will also enter new cities, besides the four it currently runs in: Delhi NCR, Hyderabad, Bangalore, and Chandigarh.

Founded in July 2015 by ex-McKinsey executives Anupam Agarwal and Karan Jain, Revv counts other McKinsey veterans as its investors, such as its India MD Gautam Kumra. Myntra CEO Ananth Narayanan has also invested in the startup. Revv’s series A equity funding round was led by Edelweiss Private Equity, debt funding came from Mahindra & Mahindra Financial Services, and LeasePlan India pitched in with vehicle leasing.

See: $9 million for this startup means more choices for harried commuters like me

urDoorstep Eretail

Raising its second bridge round in six months, Bangalore-based online hypermarket operator urDoorstep Eretail has secured US$1.4 million in funding. About 50 percent of the amount was raised from India’s first bank for women, Lakshmi Vilas Bank, the rest by an unnamed, high net-worth individual.

The startup was founded in April 2015 by Dinesh Malpani, who comes with 25 years of experience in the retail sector, including stints at Mahindra Retail and Total Mall. Malpani is an alumnus of the Indian School of Business.

urDoorstep offers services under three large business divisions – eSuperMarket, eHome and eLifestyle – and is operational only in Bangalore. With the fresh round of funding the startup plans to expand to other cities. The team claims it sees 1,000 orders a day with margins of about 16 percent.

The startup is trying to create a niche in a market where several players such as MovinCar, Snapdeal-backed PepperTap, and Mumbai-based LocalBanya were forced to shut shop due to high burn rate. It also faces competition from BigBasket and Amazon.

WealthApp

Mr. Hot Foods

LookAtMe

NeuroEquilibrium

Pinwi