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AltiusHub raises $2.25 Mn led by Endiya Partners

EntrackrEntrackr · 1y ago
AltiusHub raises $2.25 Mn led by Endiya Partners
Medial

Manufacturing supply chain visibility software AltiusHub has raised $2.25 million in a seed round of funding led by Endiya Partners along with participation from other investors. The fresh fund will be used to bolster the engineering team and to hire sector specific senior talent, AltiusHub said in a press release. Co-founded in 2023 by Siddharth Reddy and Abiram Vijaykumar, AltiusHub is a supply chain visibility software that helps manufacturing entities secure their supply chains. With an initial focus on the pharma industry, the product helps in preventing counterfeit medicines from entering the supply chain. The company’s SaaS platform empowers pharma companies to track and trace products from production to final sale while adhering to global regulatory standards such as US DSCSA, EU FMD, UAE Tatmeen, and India’s iVeda, ensuring product integrity. The Hyderabad-based company says that its advanced tracking identifies patterns and anomalies that indicate counterfeit activities. The software provides real time visibility through instant notifications of any irregularities or deviations in the supply chain, allowing for swift intervention. According to market research, the global track and trace market is projected to reach $7.3 billion by 2026.

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AquaExchange raises $8 Mn in Series B round at $41 Mn valuation

EntrackrEntrackr · 2d ago
AquaExchange raises $8 Mn in Series B round at $41 Mn valuation
Medial

AquaExchange raises $8 Mn in Series B round at $41 Mn valuation Aquaculture technology startup AquaExchange has raised $8 million (around Rs 72 crore) in its Series B funding round, co-led by Endiya Partners and Factor Analytics, with participation from Accion Ventures and support from Ocean 14 Capital. According to filings, the round was co-led by Endiya Partners and Factor Analytics, with investments of Rs 30 crore each, followed by Accion Ventures, which invested Rs 12 crore. AquaExchange's valuation has surged around 74% to Rs 372 crore (approximately $41 million) in the latest round, compared to Rs 214 crore during its Series A funding in January 2024. The fresh capital will be used to expand its international technology business, grow domestic market share, and strengthen its presence across the aquaculture value chain. Endiya Partners holds a 16.2% stake, followed by Accion Venture with 9.68% and Factor Analytics with 8.06%. Founded by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, AquaExchange helps aquaculture farmers leverage technology to improve crop yields, reduce crop risks, and manage rising input costs. Its product portfolio includes PowerMon, a power management device, and AquaBot, an automated feed management system. The company claims to be the first aquaculture technology firm in India to automate more than 25% of the country’s shrimp farming acreage. Its platform currently monitors over 80,000 acres of aquaculture farms globally and operates across five Indian states, along with international markets such as Ecuador, Saudi Arabia, and Madagascar. The company’s operating revenue rose 2.3X to Rs 240.51 crore in FY25 from Rs 104.88 crore in FY24, while its losses increased to Rs 12.71 crore from Rs 9.35 crore during the same period. The company also claims to achieve EBITDA profitability within the current financial year.

Sugar.fit raises $5 Mn more in Series A led by B Capital

EntrackrEntrackr · 2y ago
Sugar.fit raises $5 Mn more in Series A led by B Capital
Medial

Sugar.fit, a healthtech focused on type 2 diabetes and prediabetes, has raised $5 million more in its Series A round led by B Capital with participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.fit (now Cult.fit). In October last year, the startup had raised $11 million in its Series A round led by MassMutual Ventures. The new capital will be used to expand Sugar.fit’s technology stack and product range, increase brand presence, and speed up research and development in diabetes management, the company said in a press release. Founded by Madan Somasundaram, Sugar.fit offers a diabetes care program that combines innovative technology with personalized human interventions. Diabetes doctors and nutritionists use devices such as continuous glucose monitors, fitness trackers, and health diagnostics to monitor the real-time impact of users’ lifestyles on their glucose levels. In the last 18 months, the brand claims to have witnessed significant growth in paid subscribers, currently serving more than 30,000 users on its platform. The brand has also established an omnichannel presence, starting in Bengaluru, and now operates seven diabetes clinics with doctors in diabetes care across the city.

Nivaan Care raises $4.25 Mn led by Endiya Partners

EntrackrEntrackr · 1y ago
Nivaan Care raises $4.25 Mn led by Endiya Partners
Medial

Nivaan Care, a multidisciplinary chronic pain management clinic chain, has secured $4.25 million in its seed round led by Endiya Partners. The round also saw participation from existing investor W Health Ventures. The proceeds will be used to enable Nivaan Care to expand its reach to 10 new clinics across two cities. Founded in 2023 by Nivesh Khandelwal and Vishwas Singh, Nivaan focuses on providing multidisciplinary care through a biopsychosocial approach, which has proven to be over nine times more effective than traditional methods. Nivaan offers comprehensive care plans and minimally invasive procedures to its patients through its seven clinics. At Nivaan Care, patients get a team of pain management specialists, physiotherapists, psychologists, nutritionists, and care managers who create a comprehensive and personalized treatment plan. Nivaan Care claims to be treating over 10,000 patients and performing 1,400 procedures in just one and a half years.

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