🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Fabrication Bazar raises $3 Mn in pre-Series A

EntrackrEntrackr · 11m ago
Fabrication Bazar raises $3 Mn in pre-Series A
Medial

Ben & Gaws Private Limited, which runs the manufacturing tech startup Fabrication Bazar, has raised $3 million in its pre-Series A round led by Physis Capital. The round also saw participation from Japan based Venture Capital ICMG and existing investor Inflection Point Ventures. The proceeds, which includes part debt, will be used for further enhancing the tech platform to support the growing scale of the firm, ramping up geographic presence to regions outside India especially GCC and SE Asia markets, and for leadership team hiring. Founded by Dwaipayan Dutta, Fabrication Bazar is an asset-light tech enabled manufacturing platform for industrial steel products catering to over 400 clients across sectors. With its proprietary manufacturing tech driven process, the brand works with nearly 330 fabrication vendors across India to improve production efficiency and reduce delivery time by splitting products into multiple parts and processing them simultaneously. Fabrication Bazar claims to have grown across its operations in the last 12 months including the vendor network and client base in India. It has also been onboarded as a qualified vendor by some of the largest companies in GCC, and is establishing a vendor base in Vietnam to cater demand from the SEA region.

1

Related News

DrinkPrime raises $3 Mn from SIDBI Ventures

EntrackrEntrackr · 1y ago
DrinkPrime raises $3 Mn from SIDBI Ventures
Medial

DrinkPrime, a subscription-based reverse osmosis (RO) water supplying startup, has raised $3 million from SIDBI Venture Capital Ltd. (SVCL), an investment management company and a wholly owned subsidiary of SIDBI. The Bengaluru-based startup had raised Rs 60 crore ($7.5 million) in a mix of equity and debt round led by Omidyar Network India, others in July 2022. Prior to that, it raised around Rs 21 crore in its pre-series A round led by Peak XV’s Surge in August 2021. Founded in 2016 by Vijender Reddy and Manas Ranjan Hota, DrinkPrime works towards enabling access to clean drinking water with Internet-of-Things (IoT)-enabled customised water purifiers on subscription to users. DrinkPrime currently provides clean drinking water access to over 2 lakh families across seven cities in India. With further expansion plans, DrinkPrime is also gearing up for its Series B fundraise. According to startup data intelligence platform, TheKredible, DrinkPrime reported an operating revenue of Rs 28.94 crore with a loss of Rs 27 crore in FY23. In the subscription model, DrinkPrime competes with Livpure, Acquaguard and ZunPure.

ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia

EntrackrEntrackr · 6m ago
ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia
Medial

ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia Healthtech startup ErlySign has raised Rs 16 crore ($1.8 million) in its pre-Series A round from Ashish Kacholia. The proceeds will be used in clinical trials, securing CDSCO (Central Drugs Standard Control Organisation) approvals, and bringing ErlySign’s oral cancer detection kit to market. Founded in 2019 by Shubhendra Singh Thakur and Deovrat Begde, ErlySign develops solutions for early detection of oral cancer. The startup also claims to offer India’s first salivary biomarker-based test which can identify pre-cancerous conditions much before visible symptoms emerge. Looking ahead, ErlySign plans to use CRISPR miRNA-based testing technology to detect multiple types of cancer using the same saliva sample within 15–20 minutes.

Kreedo raises $4 Mn in Series A funding

EntrackrEntrackr · 11m ago
Kreedo raises $4 Mn in Series A funding
Medial

Edtech platform Kreedo has raised $4 million in Series A funding round co-led by Singapore-based Heritas Capital and existing investor UBS Optimus Foundation. The round also saw participation from other existing investors such as Gray Matters Capital, 1Crowd, The Chennai Angels, The Joka Angel Network and others. The proceeds will be used to enhance product offerings and expand into new geographies in India, Kreedo said in a press release. Co-founded in 2012 by Mridula Shridhar and VK Manikandan, Kreedo partners with affordable private schools and preschools and aims to transform the way learning is delivered in early years. Its unique 6T learning framework is an innovative model centered on the Kreedo Activity Labs which offers a structured environment for play-based learning. According to Kreedo, it currently caters to children in the age group of 3 to 8 years (Nursery to Grade 2), in line with play-based guidelines prescribed in the NEP 2020 for the foundational stage of learning. The platform offers a comprehensive solution that empowers and supports schools to significantly improve learning outcomes. Kreedo says that it is solving this problem at scale by integrating play as the primary form of learning in its partner schools in the foundation years. Over the last two years, Kreedo also says that it has seen significant growth, doubling its revenue, expanding its reach from 700 to 1,700 schools/ pre-schools and increased the number of children benefiting from its programs from 55,000 to more than 1,40,000 Kreedo intends to extend its product offerings moving upwards to grades 3-5, and enhance Practico, a digital home learning platform. The platform will also be scaling a specialized pre-primary teacher training franchise program that will create a pool of job-ready qualified teachers for its partner schools as well as the early education market in general.

Download the medial app to read full posts, comements and news.