10 most promising Bengaluru-based startups to watch in 2016

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Bengaluru currently has over 30% of the country's technology startups, including the biggies like Flipkart , Ola , and InMobi . With over 2000 startups, the city has the world's second-fastest growing startup ecosystem , and has one of the largest startup ecosystems globally. No wonder it's called India's Silicon Valley .

Bengaluru has long been home to the India headquarters of global technology giants. As the startup culture started to grow, no wonder the first seeds were sown in this southern Indian city, thanks to its abundant tech talent.

India is currently perched strategically, being one among the top five largest startup communities in the world with the number of startups crossing 4,200, a growth of 40%, by the end of 2015.

Here's a list of Bengaluru-based growth stage startups that you should watch out for this year.

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Headout

Headout
Founders: Suren Sultania, Vikram Jit Singh and Varun Khona

Founded: 2014

Headout is an on-demand mobile marketplace that helps travelers discover & book the most incredible tours, activities, events & local experiences in town for the next 24 hours at incredible prices.

All it takes is 3 taps and 60 seconds.

Funding: $1.8 Mn in Seed funding in April 2015 from Jose Marin, Vishal Gondal, Neeraj Arora, Rohit Bansal, Kunal Bahl and many others.

Zoomcar

Zoomcar
Founders: David Back and Greg Moran

Founded: 2012

Zoomcar is a Self-Drive car rental service which allows you to rent cars by the hour, day, week, or month. Basically, they save you the cost and hassle of owning a car while giving you all the good parts: convenience, mobility, and independence.

The company currently operates in Bengaluru, Pune, NCR, Hyderabad, Mumbai and Chennai.

Funding: $8 Mn Series A round of funding from Sequoia Capital in October 2014. $1 Mn Seed funding from Basset Investment Group, FundersClub, Empire Angels and Lady Barbara Judge, $1.6 Mn Seed funding from A. Lloyd Thomas and Blue Cloud Ventures on Oct 4, 2013. $600k in Convertible Note in April 2013 from Rajkumar Elango, Lady Barbara Judge and Empire Angels.

NestAway

NestAway
Founders: Jitendra Jagadev and Amarendra Sahu

Founded: 2015

NestAway is a Bangalore-based online managed home rental marketplace. It is a managed online home rental marketplace which turns unfurnished houses into fully-furnished and managed apartments and provides them at affordable prices to pre-verified tenants.

Funding: $1.2 Mn in Seed funding in March 2015 from InMobi and IDG Ventures India.

Lookup

Lookup
Founder: Deepak Ravindran

Founded: 2014

Lookup lets you chat with local businesses and shops to make reservations, book appointments, find product availability, enquire prices and many more. The startup uses Chat to disrupt local commerce in India which is a $750 Bn industry.

Funding: $3 Mn / Series A from Investors: Biz Stone (yet to close the round) and $382k / Seed in January 2015 from “Kris” Gopalakrishnan, MKS Instruments.

Thrillophilia

Thrillophilia
Founders: Abhishek Daga and Chitra Gurnani Daga

Founded: 2010

Thrillophilia is a marketplace for tours and activities. One can discover, compare and book from 2500+ tours and activities from 1000+ suppliers.

The company is aims to help consumer to never miss any of their favourite things while on the move, be it the love beer, adventure or driving fast cars. Currently 1.5 Mn people are using their app per month to plan their activities.

Funding: $200k / Private Equity Sep 16 (2013), Investors: iLabs Venture Capital Fund, Navlok Ventures, Hyderabad Angels, Centre for Innovation, $60k / Seed Dec 7 (2011), Investors: Mahendra Mehta and and $30k / Seed Dec 7, (2011).

HackerEarth

HackerEarth
Founders: Sachin Gupta and Vivek Prakash

Founded: 2012

HackerEarth is a product company that provides technical recruitment solutions for talent sourcing and skill assessment.

HackerEarth allows recruiters to quickly identify and hire the right candidate from its thriving community of developers. The ranking system uses two tools to identify a developer’s skill sets: Online Programming Challenges – Programmers from around the world participate in online programming challenges, compete against each other and get ranked based on their coding abilities.

Funding: $500k in Seed in February 2014 from AngelPrime and Undisclosed amount in June 2013 from TA Ventures.

Swiggy

Swiggy
Founders: Sriharsha Majety and Rahul Jaimini

Founded: 2014

Swiggy delivers food from your favorite restaurants. Their aim is on customer experience thereby they are making engagement metrics pretty uncanny for this industry. If you’re crazy about solving problems that you face yourself as a customer.

Funding: $15 Mn in Series A in May 2015 from Norwest Venture Partners

Livspace

Livspace
Founders: Shagufta Anurag, Ramakant Sharma and Anuj Srivastava

Founded: 2012

Livspace is an ecommerce startup in the home design and décor space. It is an online store that aims to provide inspiring home interior design products. With their in-house design team and network of external interior, furniture and product design consultants, they aim to ensure that the customers have access to the best of products designed keeping in mind global and regional trends. From concept to delivery and installation, they take complete responsibility.

Funding: $4.6 Mn in Series A in Dec 2014 from Jungle Ventures, Bessemer Venture Partners and Helion Venture Partners.

Instamojo

Instamojo
Founders: Aditya Sengupta, Akash Gehani, Harshad Sharma andSampad Swain

Founded: 2012

Instamojo is a web based company that helps individuals & small businesses like that of artists, freelancers, offline stores, facebook sellers, event organizers, artisans, authors, SOHO business owners, infopreneurs and tutors collect payments instantly. It provides a unique link through SMS, email, social channels or through embedding on websites or blogs to help businesses grow on mobile or desktop.

Funding: Undisclosed Amount of Series A Funding in November 2014 from 500 Startups, Blume Ventures and Kalaari Capital, $500k in Seed funding in May 2013 from Bharathram Thothadri, Rajan Anandan, Rob de Heus, Shailesh Rao, Blume Ventures and 500 Startups. Prior to that, it had raised Undisclosed amount in July 2012 from Rajan Anandan and Sunil Kalra.

Furlenco

Furlenco
Founder: Ajith Mohan Karimpana

Founded: 2012

Furlenco is India’s first and only Home Furniture Subscription Program based out of Bangalore.

The company was born out of Ajith’s frustration at finding well-designed, sophisticated and affordable furniture to rent for his home. Furlenco offers a range of curated home furniture experiences, designed to suit the lifestyle needs of varied audiences spanning students to families and expatriates. It aims at offering a convenient, cost-effective and offer access to quality furniture with the added advantage of being able to exchange it at will depending on your requirements.

Funding: $6 Mn in Series A in March 2015 from Lightbox Ventures.
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