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The growth of Indian startups

The growth of Indian startups

The Indian startups are making their presence felt in every field ranging from food, technology, fashion as well as automobile. Here are few of such startups which are paving new avenues of success to survive in the long run of business and emerge as global leaders.

  1. 48East: It is a food startup located in Bangalore which was founded by Joseph Cherian and Nabhojit Ghosh in August’ 2016. It is known for serving exquisite and exclusive Asian gourmet food to its consumers. Recently, 48East acquired a funding of US$500,000 in a pre-series A round led by the Al Dhaheri family which has its base in UAE. This food startup serves around exotic delicacies from around 48 different countries. throughout the Asian continent. It is going to use the acquired funds towards expansion of units, enhancement of logistics including upgradation of technology as well as marketing strategy. The startup also acquired a funding of US$250,000 in a round of angel funding in August’ 2016.
  1. CarTrade: It is a startup that works in the field of buying and selling new and used cars. It has recently grabbed a funding of US$55 million led by Singapore based Temasek. The startup intends to use this money in supporting CarTrade’s expansion plans through acquisitions, growth into new areas including auto finance. Furthermore, it also is planning towards sharpening CarTrade’s services to consumers, dealers as well as OEMs. The existing investors of CarTrade include big names like Warburg Pincus, Temasek, JP Morgan, and March Capital.
  1. Wooplr: It is an exclusive fashion website which has raised a funding of US$8 million in series B funding initiated by Sistema Asia Fund. The investment shall be used towards extensive product and technology development. It should also be known that Wooplr acquired an unrevealed amount of funding from Snapdeal in December’ 2016.
  1. Voonik : It also is fashion website which assists its customers by serving as a personal shopping investment. It has managed to grab a funding of US$6 million from its existing investor Sequoia Capital accompanied with Singapore-based RB Investment. This startup helps people choose from a variety of options in accordance with their shape, skin tone, lifestyle, budget, and preferences.