Support our Indiegogo campaign! Coding China: 20 must-know startups in video

As China passes the stage of being “the world’s manufacturer”, one neglected issue is the importance of the role of technology in accelerating the economic and social development of the country.

More than that, there are many young heroes who have founded promising startups, making cutting-edge products that are shaping our lives. These startup founders are not Mark Zuckerberg or Jack Ma yet, and they will continue to remain invisible until they are discovered and have their stories told. AllChinaTech, the only English tech media startup in China, fills this reporting gap.

We discover, depict and document the most brilliant startup founders who we believe will one day lead the tech industry. What these startup founders do matter, and their ideas could inspire millions.

That is why we are on Indiegogo, asking you to support these startup founders and what they do. By endorsing their stories, you give them the confidence to go further.

20 must-know startups in China from AllChinaTech on Vimeo.

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Our “20 must-know startups in China” covers the hottest tech sectors, including the sharing economy, artificial intelligence, and smart devices that may have disrupted, surprised or brought joy to many of us.

If you believe in this cause and wish to help, visit our Indiegogo campaign page below and pledge your support for us:

https://igg.me/at/20-must-know-starups

We appreciate your support in any way. Be it a donation to the project, a tweet attributed to us, a like on our Facebook page, or each time you spread the word on our Indiegogo campaign!

AllChinaTech aims to use the project as a base to help global tech enthusiasts to connect with China’s startup scene. Overall, your contribution will enable us to maintain our video journalism, and grow our tech community by focusing on finding the best tech strategists in China.

If you have any questions relating to our Indiegogo campaign, please contact us at info@allchinatech.com. Thank you very much and we look forward to your support!

AllChinaTech is now AllTechAsia!

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AllChinaTech has been up and running for the last 22 months. As the only English tech media startup in China, our dedicated team has produced more than 1,800 English stories on China’s tech industry.

Our mission is simple: to connect the world with the startup ecosystem in China, which is a robust market backed by 700 million Internet users. Today, technology has deeply affected Chinese consumers who are in turn inspiring the future of product design and direction of technology development.

As our platform grows, we realize that China’s startup ecosystem does not exist on its own. Of our 300,000 readers, 95 percent of them come from outside of China. Readers from East and Southeast Asia register the most rapid growth for our news subscription. Together with our readers from the United States, Australia and Europe, they contribute to our highest monthly engagement rate of 1.5 million.

With the introduction of two new news columns AllTechIndia (ATI) and AllTechKorea (ATK), AllChinaTech will now be transformed as AllTechAsia (ATA). Tech news from China will be channeled into our AllTechChina (ATC) column from now on. ATK is opened with full support by our partner and South Korea’s top tech media outlet Platum.

ATA has started to expand its offline presence in South Korea via ATK and it will vitalize Korea- and China cross -border startup collaboration opportunities. Furthermore, we believe that with the creation of these new channels, (ATI – India and ATK – Korea), we can better connect to the startup ecosystem across Asia. With our partnerships with top tech media outlets, our reporting will cover the full tech scoop in Asia. We invite our readers to connect with our stories to help them discover new business opportunities, big ideas on technology, and the future beyond with our new English news service.

Thank you for your continued support, and we look forward to bring you more exciting tech news with AllTechAsia!

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India’s healthcare provider Paras Healthcare raises funds to expand their middle-class services

Healthcare provider Paras Healthcare raises USD 42M

Paras Healthcare

Founders: Dharminder Nagar

Founded in: 2006

Financing status: USD 42M for undisclosed round in 2017

The Guragaon-based Healthcare provider Paras Healthcare has raised USD 42 million through Creador, an affiliate of the private equity firm Creador III LP.

Paras Healthcare was founded in 2006 by Dharminder Nagar.

Paras Healthcare has two divisions, Paras Hospitals and Paras Bliss. Paras Hospitals provides specialized tertiary-care in Guragaon, Patna and Darbhanga. Paras Bliss provides specialized mother and child care at Panchkula and New Delhi. The healthcare company targets the middle-class segment and claims that they have 730 beds across their hospitals.

Founder Dr. Nagar said that “most of the oldest cities in North India have the weakest healthcare infrastructure. He said that each hospital of Paras aims at being a community player by empowering the common man, the middle class, with access to specialized care at locations that has limited or no specialized healthcare facilities.”

The funds will primarily be used for expansion and growth across different regions.

The healthcare market in India is believed to be worth close to USD 100 billion and is estimated to reach USD 280 billion by 2020. However, according to records, India has only 0.6 doctors per 1,000 people.

(Top photo from Pixabay)

Indian fashion and lifestyle supply chain Increff raised funds for its data analyzing services

Supply chain startup Increff raises USD 2M in undisclosed round

Increff

Founders: Nirmal Jain, Rajul Jain, Anshuman Agarwal, and Romil Jain

Founded in: 2016

Financing status: USD 2 million in undisclosed round in 2017

Supply chain startup Increff has raised USD 2 million in a funding round led by Sequoia Capital. Warehouse management company Grey Orange Robotics, and individual angel investors including CareerNet co-founders Rishi Das and Anshuman Das, PremjiInvest’s Rajesh Ramaiah, RedSeer Consulting Director Jasbir Juneja also participated in the round.

Increff was founded in 2016 by Nirmal Jain, Rajul Jain, Anshuman Agarwal, and Romil Jain. The founding team previously worked at Myntra and DevFactory.

The Bengaluru-based startup is operated by NextSCM Technologies. Increff is a supply chain tech provider in fashion and lifestyle field. The startup uses data and technology for inventory management and analytics by which their clients can increase efficiency of merchandising and improve operations. The startup provides services for fashion and lifestyle brands, offline retailers, ecommerce retailers and warehouse operators.

Increff CEO Rajul Jain said that the startup’s solutions can help their clients predict demand on merchandising level and ensure constant tracking of every item at the warehouse level.

The startup will use the newly raised fund to expand their customer base, product portfolio, and hire new people for technology team.

(Top photo from Increff website)

Realty analytics startup QwikSpec raises funds to expand its technology & business infrastructure

Realty analytics startup QwikSpec raises USD 540,000 for pre-Series A

QwikSpec

Founders: Ajith Alexander and Roby Kurien

Founded in: 2015

Financing status: USD 540,000 pre-Series A round in 2017

Construction site operations and analytics platform QwikSpec has raised USD 540,000 for its pre-Series A financing round led by Brigade Innovations. Famous investors such as former Infosys director T.V. Mohandas Pai, Asset Builders director Suhail Rahman, Bobby Reddy of Indus Group, and UAE based private investor M George Oommen also participated in this financing round.

QwikSpec was founded in 2015 by Ajith Alexander and Roby Kurien. Alexander previously worked in Cisco Systems and Limitless LLC, while Kurien had worked in Motorola, Kyocera Wireless and Sirf Technologies.

The Bengaluru-based startup is operated by Xlsys Technologies. The startup provides end-to-end jobsite management and analytics services for the real estate industry. The startup helps developers reduce complexities in large construction projects through automating monitoring and supervising processes. QwikSpec’s clients include Tata Housing, Mahindra Lifespaces, Brigade Group, Mantri Builders, Prestige Group, and Ozone Group.

The startup will use the newly raised investment to increase its technology infrastructure as well as adding to its business development and customer acquisition functions. QwikSpec is also planning to expand to overseas markets such West and Southeast Asia.

(Top photo from Galiano Construction)

TF in India this week – E-commerce continues to attract more investment funds

Our weekly column summarizes the tech financing highlights in India this week.

E-commerce has proven to be a popular investment area in India over the last two weeks. This week, online interior design startup Design Cafe, and food and beverages startups Epigamia and Foom all secured substantial amounts of financing for expansion of their businesses.

Online interior design startup Design Cafe raises an undisclosed round of funding

Design Cafe

Founders: Gita Ramanan and Shezaan Bhojani

Founded in: 2011

Financing status: An undisclosed round of funding in 2017

Online interior design startup Design Cafe on Monday raises an undisclosed round of funding to expand in Delhi and Mumbai.

Read More

Epigamia yogurt-maker Drums Food raises USD 13.8 M for Series B

Photo from Pixabay
Photo from Pixabay

Drums Food

Founders: Rohan Mirchandani, Ganesh Krishnamurthy, Uday Thakkar

Founded in: 2008

Financing status: USD 13.8 million for Series B round in 2017

Epigamia yogurt maker Drums Food last Friday raises USD 13.8 million for Series B to launch new flavors, initiate brand-building and increase production capacity.

Read More

Dairy tech solutions startup Stellapps raises Series A

Photo from Pixabay
Photo from Pixabay

Stellapps

Founders: Ranjith Mukundan, Praveen Nale, Ravishankar Shiroor, Ramakrishna Adukuri, and Venkatesh Seshasayee

Founded in: 2011

Financing status: Undisclosed Series A round in 2017

Dairy tech solutions startup Stellapps on Monday raises undisclosed amount for Series A.

Read More

Digital payments startup Innoviti attracts USD 18.5 million for Series B

Photo from Said Business School
Photo from Said Business School

Innoviti

Founders: Rajeev Agrawal

Founded in: 2002

Financing status: USD 18.5 million Series B round in 2017

Digital payments startup Innoviti on Wednesday attracts USD 18.5 million for Series B to market its uniPAY Next digital payments platform experience, to acquire customers, and to expand the platform to provide working capital loans to Kirana stores and brand franchises.

Read More

Logistics startup VDeliver receives undisclosed pre-Series A funding

Photo from Pixabay
Photo from Pixabay

VDeliver

Founders: Srinivas Madhavam

Founded in: 2011

Financing status: Undisclosed Pre-Series A round in 2017

Logistics startup VDeliver on Wednesday receives undisclosed pre-Series A funding.

Read More

Subscription-based drinks app Foom raises USD 46,000 seed funding

Foom Photo from Pixabay
Foom Photo from Pixabay

Foom

Founders: Lokesh Bevara

Founded in: 2017

Financing status: USD 46,000 for seed round in 2017

Subscription-based drinks app Foom on Thursday raises USD 46,000 seed funding to raise the next round of funds in the next six months and will utilize the funds to expand operations to all of India’s major cities by the end of 2019.

Read More

(Top photo from Pixabay)

Foom offers bar crawlers in India free drinks via its subscription services, & more

Subscription based drinks app Foom raises USD 46,000 seed funding

Foom

Founder: Lokesh Bevara

Founded in: 2017

Financing status: USD 46,000 seed round in 2017

Subscription based drinks app Foom has raised USD 46,000 for its seed round from an undisclosed investor.

Foom was founded in early 2017 by Stanford University graduate Lokesh Bevara. Prior to Foom, Bevara also founded cab booking startup Myprepaidtaxi.com and peer-to-peer shipping startup Sendthrume.

The Bangalore-based startup is operated by Mangsa Technologies. Foom is “First One On Me” in short. The startup provides members a free drink each and every day at any participating bar or pub. Going out to explore bars or pubs can be time consuming and expensive for many people. Hence, Foom hopes to provide places for its members to explore and provide them a free drink every day through its subscription service. Members can pick a free drink every day from a range of beers, breezers, whiskeys, brandy, rum, mocktails, vodka, cocktails and wine. The subscription is at INR 777 (USD 12.08) per month. There are 22 bars and pub vendors listed on its website, and users must be at least 17 years old to download this application.

Bevara said that the startup is planning to raise the next round of funds in the next six months and will utilize the funds to expand operations to all of India’s major cities by the end of 2019.

Logistics startup VDeliver receives undisclosed pre-Series A funding

Photo from Pixabay
Photo from Pixabay

VDeliver

Founders: Srinivas Madhavam

Founded in: 2011

Financing status: Undisclosed pre-Series A round in 2017

Intra-city logistics startup VDeliver has raised an undisclosed amount for its pre-Series A financing round led by Corvus Ventures and MAPE Advisory Group. Sify Technologies co-founder R. Ramaraj and Microsoft India managing director of R&D Anil Bhansali also participated in this round.

The investment will be used to develop new products and services as well as to strengthen the company’s existing portfolio.

VDeliver was founded in 2011 by Srinivas Madhavam. Later, co-founder A.S.K. Chaitanya Reddy joined the team in 2014.

The Hyderabad-based startup provides service with customized deliveries for individuals and corporates. The startup’s clients cover various industries including food, gifts, e-commerce, fashion, services, and health. It is claimed that Vdeliver has served more than 6,000 individual customers and also serving more than 60 businesses in Hyderabad and Chennai. It also claimed that it has successfully fulfilled more than 40,000 deliveries with 90 percent point to point deliveries at 99.5 percent accuracy.

(Top photo from Pixabay)

Fintech startup Innoviti attracts funds for its plans to provide working capital loans

Digital payments startup Innoviti attracts USD 18.5 million for Series B

Innoviti

Founders: Rajeev Agrawal

Founded in: 2002

Financing status: USD 18.5 million Series B round in 2017

Digital payment solutions startup Innoviti has attracted USD 18.5 million for its Series B financing round led by SBI-FMO Fund. Bessemer Venture Partners and existing investor Catamaran Ventures also participated in this financing round.

Innoviti solves payment acceptance problems of merchants. It provides merchants with solutions for payment automation, consumer credit distribution, and SME lending. It claims that it currently processes over INR 15,000 crores (INR 150 billion or USD 2.33 billion) of payment transactions annually including INR 1,000 crores of credit. It said that its smelending.com platform is number one in the SME lending segment, processing over INR 500 crores per year. In addition, its payment automation platform uniPAY NEXT is India’s only omni-channel payment platform for managing payment automation. Innoviti’s payment platform clientele include Reliance Retail, Titan, Landmark Group, INOX, Indigo, and Walmart. Banks such as HDFC, ICICI, Axis, SBI, Standard Chartered, Kotak, and Citibank use its platform to access customers for payments processing and loans distribution.

The startup will use the newly raised investment to market its uniPAY Next digital payments platform experience, to acquire customers, and to expand the platform to provide working capital loans to Kirana stores and brand franchises. The startup also plans to expand the product to address payment and lending issues beyond retail to other businesses across the supply chain.

(Top photo from Said Business School)

Dairy technology solutions startup Stellapps helps improve agri-dairy supply chain

Dairy tech solutions startup Stellapps raises Series A

Stellapps

Founders: Ranjith Mukundan, Praveen Nale, Ravishankar Shiroor, Ramakrishna Adukuri, and Venkatesh Seshasayee

Founded in: 2011

Financing status: Undisclosed Series A round in 2017

Dairy tech solutions startup Stellapps has raised an undisclosed amount for its Series A financing round led by Blume Ventures. Flipkart Group CEO Binny Bansal and Venture Highway also participated in this financing round.

The Bengaluru-based agri-tech startup is an end-to-end dairy technology solutions company. The startup produces and procures comprehensive farm optimization and monitoring support. The startup’s innovative applications and mechanization tools leverage on the Internet of Things (IoT), big data, cloud, mobility, and data analytics to improve agri-dairy supply chain parameters. These include milk production, milk procurement, cold chain, animal insurance and farmer payments. Their SmartMoo™ IoT router and in-premise IoT controller acquire data via sensors that are embedded in milking systems, animal wearables, milk chilling equipment and milk procurement peripherals. These acquired data is also transmitted to the Stellapps SmartMoo™ big data cloud service delivery platform (SDP) where the SmartMoo™ suite of applications analyze and crunch the received data before disseminating the analytics and data science outcome to various stakeholders over low-end and smart mobile devices.

(Top photo from Pixabay)

SenseTime succeeds in securing the largest single financing in the AI industry, & more

AI technical service provider SenseTime receives USD 410 million for Series B

SenseTime

Founder: Xu Li

Founded in: 2014

Financing status: RMB 2.8 billion (USD 410 million) Series B round in 2017

AI technical service provider SenseTime on Tuesday received USD 410 million for its Series B financing round to expand its AI technology to the self-driving industry.

SenseTime is an AI technical service provider that provides its partners with artificial intelligence applications and big data analysis services based on harnessing deep learning. It mainly develops AI technology in face recognition, text, and vehicle and image recognition. These technology can also be applied to several industries including finance, mobile Internet, as well as security and surveillance. Some of its partners using its AI technologies include ChinaMobile, NVIDIA and Xiaomi.

Founded in 2014 in Beijing, it has subsidiary offices in Beijing, Shenzhen, and Hong Kong. It has partnerships with more than 400 companies, providing them with AI technical services. According to information on its website, its face recognition technology has an error rate below 1/100,000.

SenseTime previously received financing funds from IDG Capital, StarVC and so on. This Series B financing round was led by CDH Investments, with more than 20 venture capitals such as Sailing Capital and China Everbright Limited participating as investors. In addition, this USD 410 million Series B financing is the world’s largest single financing round in the field of artificial intelligence. The capital will be used to invest on the research and development of new AI technologies, expand its AI technologies to the self-driving industry, and to expand its business abroad to acquire more partners.

Gift e-commerce platform GiftTalk receives undisclosed Series B+ in millions of USD

Photo from 58pic.com
Photo from 58pic.com

GiftTalk

Founder: Wen Chenghui

Founded in: 2014

Financing status: 2017 Series B+ round amounting to tens of millions in RMB (a few million USD)

Gift e-commerce platform GiftTalk on Wednesday received an undisclosed Series B+ financing round in millions of USD to open 100 physical stores in 100 days.

GiftTalk is a gift e-commerce platform that provides customers with the most complete gift category selection. It has more than 100 employees to select gifts from all over the world, and sell them on its e-commerce platform. Users can communicate with other users on its platform, and users can share their experience on picking suitable gifts for others and recommend good gifts to other users.

Founded in 2014 in Beijing, it started out by only selling gifts on its online platform. According to GiftTalk, there are more than 10,000 selected gifts available on its platform for sale, with more than 10 million users picking and recommending gifts. It also claimed that even friendships are formed through its platform.

In order to expand its business, it launched physical stores in June 2016 and sells the latest gifts at its stores based on data from its online e-commerce platform.

This Series B+ financing round was from Guangqu Capital. GiftTalk plans to use the fund to open 100 physical stores in 100 days to boost its gift business, as well as introduce new commodities to its online e-commerce platform and stores.

(Top photo from 58pic.com)

Online interior design startup Design Cafe raises funds to expand in Delhi and Mumbai, & more

Online interior design startup Design Cafe raises an undisclosed round of funding

Design Cafe

Founders: Gita Ramanan and Shezaan Bhojani

Founded in: 2011

Financing status: An undisclosed round of funding in 2017

Online interior design startup Design Cafe has raised an undisclosed round of funding led by Fireside Ventures. Existing investor Apurva Salarpuria, angel investor Sidharth Pansari and Sprout Capital also participated in this financing round.

Design Cafe was founded in 2011 by award-winning architects and designers Gita Ramanan and Shezaan Bhojani. The startup is a design and building consultancy company. The startup offers online customized design and decoration solutions.

The Bengaluru-based startup is an architecture and interior design startup with a focus in the interior residential segment. It claims that its team consists of more than 50 expert professionals who have designed over 500 projects across the country. Its project size can range from 1,000 square feet to 1.4 million square feet. Projects can vary from individual homes, small apartments, large offices, restaurants, schools and hotels. The startup has currently 100 employees including a technology team, designers and site engineers.

The startup will use the newly raised investment to expand in Delhi and Mumbai.

Dairy tech solutions startup Stellapps raises Series A

Photo from Pixabay
Photo from Pixabay

Stellapps

Founders: Ranjith Mukundan, Praveen Nale, Ravishankar Shiroor, Ramakrishna Adukuri, and Venkatesh Seshasayee

Founded in: 2011

Financing status: Undisclosed Series A round in 2017

Dairy tech solutions startup Stellapps has raised an undisclosed amount for its Series A financing round led by Blume Ventures. Flipkart Group CEO Binny Bansal and Venture Highway also participated in this financing round.

The Bengaluru-based agri-tech startup is an end-to-end dairy technology solutions company. The startup produces and procures comprehensive farm optimization and monitoring support. The startup’s innovative applications and mechanization tools leverage on the Internet of Things (IoT), big data, cloud, mobility, and data analytics to improve agri-dairy supply chain parameters. These include milk production, milk procurement, cold chain, animal insurance and farmer payments. Their SmartMoo™ IoT router and in-premise IoT controller acquire data via sensors that are embedded in milking systems, animal wearables, milk chilling equipment and milk procurement peripherals. These acquired data is also transmitted to the Stellapps SmartMoo™ big data cloud service delivery platform (SDP) where the SmartMoo™ suite of applications analyze and crunch the received data before disseminating the analytics and data science outcome to various stakeholders over low-end and smart mobile devices.

(Top photo from West Elm)