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Orthopedic recovery product startup Lumov raises $1.2 Mn led by Incubate Fund

EntrackrEntrackr · 1m ago
Orthopedic recovery product startup Lumov raises $1.2 Mn led by Incubate Fund
Medial

Bengaluru-based orthopedic recovery product startup Lumov has raised $1.2 million (Rs 10 crore) in a seed funding round led by Incubate Fund Asia. The round also saw participation from QRG Investments & Holdings (Havells Family Office), IIMA Ventures, SIDBI, and a group of angel investors, including Ashish Gupta, Saket Narang, Abhishek Goyal, and Arjun Vaidya, among others. The proceeds will be used to expand operations, deepen surgeon partnerships, and accelerate the development of new products. It also plans to scale its presence across Delhi NCR, Hyderabad, and Mumbai, while strengthening its manufacturing and sales teams. Founded by Saumaric Dangwal and Ankit Gupta, Lumov designs and manufactures orthopedic recovery and rehabilitation products for post-surgical care, pain management, and long-term mobility support. The brand works with orthopedic specialists across hospital chains such as Manipal, Apollo, Sakra, and AIG to develop clinically validated products tailored for Indian patients. Lumov currently operates with a core team of 15 members and expects to expand hiring across product development, sales, and operations. The startup is focused on addressing gaps in India’s musculoskeletal care market, where rehabilitation and post-surgical recovery solutions remain fragmented. The founders bring prior experience in healthcare investing, having worked with firms such as Bain Capital, Brookfield Private Equity, and Steinberg Asset Management.

Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia

EntrackrEntrackr · 16h ago
Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia
Medial

Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia Mumbai-based embedded lending technology startup Intellend Technologies Advisors has raised $1.2 million (Rs 10.6 crore) in a seed funding round led by Incubate Fund Asia. The round also saw participation from M Venture Partners, Atrium Angels, and angel investor Dhananjay Tiwari. The proceeds will be used to expand the core team, enhance product capabilities, and execute the company’s go-to-market strategy. Founded in May 2025 by Brotish Das, Som Chatterjee, and Bodhisattwa Gupta, Intellend is building a full-stack lending-as-a-service platform focused on enabling embedded credit for MSMEs within digital merchant ecosystems. The platform allows merchant platforms and financial institutions to offer loans directly at the point of need using data-driven underwriting and automated risk assessment. Intellend has partnered with multiple merchant ecosystems that collectively serve over one lakh merchants, enabling access to credit through integrated lending workflows. It focuses on providing structured and affordable credit access to small businesses that typically face limited access to formal lending. Intellend also plans to scale partnerships with additional merchant platforms and financial institutions while expanding its lending product suite. The founding team brings prior experience across Indian and global financial institutions, including Citi, Standard Chartered, HSBC, Axis Bank, and other large lenders, with backgrounds in digital lending, risk management, and embedded finance.

GreenFortune secures $4.5 Mn in pre Series A round

EntrackrEntrackr · 10m ago
GreenFortune secures $4.5 Mn in pre Series A round
Medial

GreenFortune, a windows and doors brand, has raised $4.5 million in a pre-Series A round led by Foundamental. Titan Capital Winners Fund and existing investors Incubate Fund Asia & others participated. The proceeds will be used for national expansion, growing volumes, and building PartnerGate, its tech platform. GreenFortune aims to enhance its R&D and technical services for new products and become a complete solution provider for fenestration products. Founded in May 2022 by Dilip Kumar and Pratyusha Kosaraju, the brand offers affordable uPVC products across 100 locations in India. Products are manufactured in India, Germany, and Japan. In July 2023, GreenFortune raised $1 million led by Incubate Fund Asia.

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