6 rising startups in India

Indian industrialist Ratan Tata today put his money in Tracxn, a firm that has earned a name by providing data on startups, while two parenting sites also snapped up funds. A mobile bitcoin startup also managed to secure investment even though bitcoin has yet to get the nod from India’s central bank.

Here are the startups that made it to our list today.

Tracxn

Bangalore-based Tracxn, which was founded in 2013 to track startups, has just found an investor in Indian industrialist Ratan Tata.

“To get an opportunity to build our startup under his mentorship is the best thing we could ask for [at the start of the new year],” says Abhishek Goyal, one of Tracxn’s founders.

Abhishek and co-founder Neha Singh were involved with startup discovery when they were with VC firms Accel Partners and Sequoia Capital. Today, they have 130 analysts tracking startups in 230 business segments globally.

Saif Partners had earlier invested US$3.5 million in Tracxn, which also got backing from Flipkart founders Sachin Bansal and Binny Bansal.

See: India’s Xiaomi backer bets on a startup that tracks other startups

Mycity4kids

Mycity4kids, an online platform to help mothers multi-task, has raised US$3 million from SIDBI Venture Capital and YourNest Angel Fund, the company announced today.

Launched in October 2010, it is based in Gurgaon. It serves as a hyperlocal discovery platform for kids’ resources and events.

“Our expansion plans are geared towards becoming a daily-use product for every mum,” Vishal Gupta, CEO of Mycity4kids, said. “You will see several mobile-led initiatives in that direction, starting with the recent launch of the Mycity4kids Family Organizer app”.

Mycity4kids says a million parents visit the website every month, with 2.5 million page views, 700 bloggers and 75,000 service providers listed across nine cities. But it still sees plenty of room to grow, with over 50 million mums online.

“The size and value of the mum demographic is what made us invest in Mycity4kids three years back, and we’re excited by their plans to become indispensable for every mum,” said Sunil Goyal, CEO of YourNest Angel Fund.

Zebpay

Zebpay, an Ahmedabad-based mobile bitcoin startup, has raised close to US$1 million in a series A round. The funding was led by growth equity investor Arjun Handa and Amit Jindal, MD of Jindal worldwide.

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