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Angels-backed Medyseva set for pre-Series A round

VCCircle

VCCircle · 1y ago

Angels-backed Medyseva set for pre-Series A round

Indore-based telemedicine firm Medyseva Technologies, backed by a group of angel investors including Horses Stable, Mohit Gulati, and Vivek Bindra, is gearing up for a pre-Series A funding round. The company aims to secure $1 million in early-stage funding to further expand its telemedicine services.

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Accio Robotics secures raises funding to fuel its warehouse automation offerings

Inc42 · 1y ago

Accio Robotics secures raises funding to fuel its warehouse automation offerings

Bengaluru-based warehouse robotics startup Accio Robotics has raised $1.8 million in a Pre-Series A funding round co-led by BIG Capital, Unisync Angels, and Daniel Fitzgerald. The company offers warehouse automation solutions and has developed a robotics system for order picking in warehouses. Accio plans to use the funding to enhance its technology and product team, expand internationally, and deploy more robots. The startup is set to officially launch and showcase its products globally next month.

Knocksense, two others raise early-stage funding

VCCircle

VCCircle · 1y ago

Knocksense, two others raise early-stage funding

Three companies - content production platform Knocksense, spacetech startup SpaceFields, and beauty and personal care brand Beautywise - have recently secured early-stage funding. Knocksense raised an undisclosed amount in its pre-Series A funding round from Venture Catalysts, while SpaceFields raised $800,000 in a seed funding round led by HVB 88 Angels and O2 Angels Network. Beautywise secured $800,000 in a seed funding round from AC Ventures, Fluid Ventures, Real Time Angel Fund, and GSF. The funding will be used for various purposes, including geographic expansion and team development.

MedySeva raises Rs 4 Cr led by Unicorn India Ventures

Entrackr

Entrackr · 9d ago

MedySeva raises Rs 4 Cr led by Unicorn India Ventures

Healthtech startup MedySeva has raised Rs 4 crore in a seed round led by Unicorn India Ventures. The proceeds will be used to expand phygital healthcare clinics across tier-II and tier-III locations, upgrade its telemedicine platform, strengthen digital infrastructure, increase patient outreach, and build on-ground operations and clinical support teams. Founded in 2022 by Dr. Vishesh Kasliwal, MedySeva provides teleconsultation and in-person doctor services through a hybrid healthcare model for rural and semi-urban regions. The company connects patients to doctors across medical specialities using a central telemedicine platform supported by physical clinics. MedySeva claims to have delivered 1,00,000 consultations in the last 12 months with a 60% repeat-patient rate. The firm aims to scale to 2 lakh annual consultations in 18 months. It has partnered with medical colleges to set up satellite clinics and onboarded doctors from 10 medical specialties. The brand has also tied up with pharmacies and healthcare providers to build a local care network. MedySeva plans to open over 500 phygital healthcare centres across India over the next 18–24 months and enter five new states through institutional and state-level partnerships. MedySeva competes with primary healthcare and telemedicine players such as Practo, Medibuddy, Clinikk, HealthPlix, CureBay, and eSanjeevani in rural and semi-urban healthcare access.

Fintech Niro in talks for pre-Series B funding, eyes valuation bump

VCCircle

VCCircle · 1y ago

Fintech Niro in talks for pre-Series B funding, eyes valuation bump

Bengaluru-based consumer fintech startup Niro is in talks to secure pre-Series B funding at a higher valuation than before. The company, backed by Elevar Equity and GMO Ventures, is an embedded lending platform. It is currently raising funds for its pre-Series B funding round.

InfoEdge, Anicut, Kettleborough VC, Mumbai Angels strike early stage bets

VCCircle

VCCircle · 1y ago

InfoEdge, Anicut, Kettleborough VC, Mumbai Angels strike early stage bets

Fintech startup InPrime Finserv has raised $3 million in a Series A round led by Matrix Partners India, with participation from InfoEdge Ventures, Titan Capital, and Kettleborough VC. InPrime plans to use the funds to expand its geographical footprint, strengthen its team, develop digital channels, and diversify its loan portfolio. Health and wellness startup Zingavita secured INR 10 crore ($1.2 million) in a pre-series A funding round led by Anicut Capital. Biotech startup Vgenomics India has closed a seed investment round led by Mumbai Angels and O2 Angel Network to develop diagnostics solutions for rare diseases.

goSTOPS bags Rs 35 Cr in Series A round led by Blume Ventures

Entrackr

Entrackr · 8m ago

goSTOPS bags Rs 35 Cr in Series A round led by Blume Ventures

goSTOPS bags Rs 35 Cr in Series A round led by Blume Ventures Youth travel hostel brand goSTOPS has raised Rs 35 crore ($4.2 million) in its Series A round led by Blume Ventures and co-led by 1Crowd. Mumbai Angels, Chennai Angels, Indian Angel Network, Lead Angels, and Yuj Ventures also participated in the round. Earlier in December 2021, goSTOPS had raised $1 million in a bridge round funded by existing investors including The Chennai Angels, Mumbai Angels, and Yuj Ventures. The proceeds will be used to strengthen operations, enhance technology, and elevate the social and experiential aspects of its existing properties. The company is also finalising debt partnerships to expand its war chest for the brand's expansion. Founded by Pallavi Agarwal and Pankaj Parwanda, goSTOPS offers vibrant, social, and design-led spaces for the new generation. The Delhi-based firm plans to expand its capacity from 2,500 to 10,000 beds across 100 locations in the next 24 months, achieving 4X growth. According to market research, 70% of young travellers now prefer hostels over traditional hotels, underscoring the growing demand for the category. goSTOPS competes with The Hosteller, Wudstay, and Backpackers Panda, among others.

Nuveen-backed FlexiLoans plans pre-IPO round, aims for $1 bn AUM

VCCircle

VCCircle · 1y ago

Nuveen-backed FlexiLoans plans pre-IPO round, aims for $1 bn AUM

Nuveen-backed FlexiLoans is preparing for a pre-IPO funding round as it aims to reach $1 billion in assets under management (AUM). The MSME-focused lender previously raised $34.5 million in a series C funding round. The company plans to launch an initial public offering (IPO) in the fiscal year ending March 2028.

Gaming startup MetaShot secures $400K in Pre-Seed Round with Participation from Inflection Point Ventures

Startup News FYI

Startup News FYI · 2y ago

Gaming startup MetaShot secures $400K in Pre-Seed Round with Participation from Inflection Point Ventures

MetaShot, a Bangalore-based gaming startup, secures $400K in a Pre-seed Round with participation from Inflection Point Ventures. The round also saw participation from an early-stage gaming focussed fund and prominent angels, including founders of Dineout – Ankit Mehrotra, Sahil Jain and Khalid Qazi, among others.

Tech-based lending aggregator SwitchMyLoan raises pre-Series A funding

YourStory

YourStory · 2y ago

Tech-based lending aggregator SwitchMyLoan raises pre-Series A funding

Mumbai's lending aggregator SwitchMyLoan closed a pre-Series A funding round led by O2 Angels Network, joined by Rajesh Ranjan, Dr. Jaydeep Thaker, and others. The undisclosed funds will aid technology development, including an AI-powered credit underwriting bot, and business expansion. SwitchMyLoan streamlines loan processes, offering multiple lenders and products, focusing on education, guidance, and support for customers seeking new or switched loans. It simplifies secure and unsecured loans through its network of 85+ lenders, including HDFC Bank, ICICI Bank, and Axis Bank.

Twyn bags funding to help enterprises set up smart factories

Inc42 · 1y ago

Twyn bags funding to help enterprises set up smart factories

Delhi-based deeptech SaaS startup Twyn has secured $1.25 million in pre-Series A funding, led by JITO Incubation & Innovation Foundation. The funding round saw participation from HEM Angels, Bestvantage, and Beej Network. Twyn plans to use the funds to expand its solution across automotive, petrochemical, and steel hubs, as well as to strengthen its presence in the Middle East and European regions. The startup leverages AI and spatial computing to create extended reality-based digital twins for manufacturers, helping them transform their units into smart factories.

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