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Binny Bansal-backed RISA Labs raises $11.1 Mn in funding

EntrackrEntrackr · 9h ago
Binny Bansal-backed RISA Labs raises $11.1 Mn in funding
Medial

RISA Labs, an AI-driven healthtech startup, has raised $11.1 million in a funding round co-led by Cencora Ventures and Optum Ventures. The round also saw participation from Oncology Ventures, Z21 Ventures, and John Simon of Ventureforgood, along with existing backer Binny Bansal, co-founder of Flipkart. Earlier in April last year, RISA Labs had raised $3.5 million in a seed funding round led by Flipkart co-founder Binny Bansal and others. The proceeds will be used to scale product development, expand deployments with hospitals and cancer care networks, and support customer onboarding across the US healthcare system. Founded in the US, RISA Labs is building an AI operating system for cancer care. The platform focuses on automating clinical and administrative workflows in oncology, helping healthcare providers reduce manual effort, improve coordination, and speed up treatment processes. RISA Labs is targeting oncology providers that deal with complex workflows involving diagnostics, treatment planning, approvals, and patient coordination.

Risa Labs raises $3.5 Mn in seed round led by Binny Bansal

EntrackrEntrackr · 9m ago
Risa Labs raises $3.5 Mn in seed round led by Binny Bansal
Medial

Risa Labs has raised $3.5 million in a seed funding round led by Flipkart co-founder Binny Bansal, with participation from Oncology Ventures, General Catalyst, and others. The proceeds will be used to deploy its AI-based automation platform across 100 cancer centers in the US over the next two years. Co-founded in 2024 by Kshitij Jaggi and Kumar Shivang, Risa Labs offers a workflow orchestration platform called BOSS (Business Operating System as a Service). BOSS uses a network of AI agents, including large language models and digital twins, to automate administrative processes by breaking down complex workflows into micro tasks, addressing the problem of delays in life-saving treatments due to manual and error-prone workflows. Risa Labs claims that BOSS has already been deployed at a cancer center in the US, where it reduced prior authorisation times from 30 minutes to under five, processed over $1 million in medications, and cut administrative costs by two-thirds.

Exclusive: Binny Bansal’s Oppdoor raises additional $6.4 Mn from 3State Ventures

EntrackrEntrackr · 7d ago
Exclusive: Binny Bansal’s Oppdoor raises additional $6.4 Mn from 3State Ventures
Medial

Exclusive: Binny Bansal’s Oppdoor raises additional $6.4 Mn from 3State Ventures Flipkart co-founder Binny Bansal’s venture firm, 3State Ventures, has made an additional $6.4 million investment in its portfolio company Oppdoor Pte. Ltd, according to regulatory filings in Singapore reviewed by Entrackr. With this latest infusion, the total capital invested by 3State Ventures in Oppdoor has reached $14.35 million, the filings show. The investment has been made through tranches. Oppdoor is a Singapore-headquartered, technology-enabled managed services platform that helps consumer brands expand into global e-commerce markets. Rather than operating as a pure SaaS or logistics player, Oppdoor marked itself as a full-stack cross-border commerce enablement partner, handling marketplace operations for brands selling overseas. The startup reportedly works with emerging online brands looking to enter and scale in developed markets such as the US, UK, Europe, Canada, Japan, and Australia. Its services include managed marketplace operations, international compliance and taxation support, pricing and performance optimization, local partnerships, and operational execution across global marketplaces. The platform enables brands to sell internationally without setting up local entities or building in-house cross-border teams. Queries sent to Binny Bansal remained unanswered at the time of publishing. The company is a key part of Binny Bansal’s entrepreneurial journey after his exit from Flipkart. Following the sale of Flipkart to Walmart and his eventual exit from the company, Bansal launched Three State Ventures, a privately funded investment firm backed largely by his personal capital. The firm invests across sectors, including commerce, logistics, fintech, healthcare, and education.

Curefoods to raise debt from Blacksoil and Binny Bansal

EntrackrEntrackr · 9m ago
Curefoods to raise debt from Blacksoil and Binny Bansal
Medial

Exclusive: Curefoods to raise debt from Blacksoil and Binny Bansal Cloud kitchen startup Curefoods is raising Rs 56.4 crore (approximately $6.6 million) in debt, led by BlackSoil Group and with participation from existing backer Binny Bansal. This will be the first debt round for the Bengaluru-based firm this year. The board at Curefoods has passed a special resolution to issue 1,000 non-convertible debentures at an issue price of Rs 5,00,000 each to BlackSoil, raising Rs 50 crore, and 595 compulsory convertible debentures to Binny Bansal worth Rs 6.4 crore, according to a regulatory filing accessed from the Registrar of Companies (RoC). The proceeds will be used for the company's working capital requirements and business expansion, as per filings. Curefoods is a cloud kitchen platform operating brands such as EatFit, Sharief Bhai, Olio Pizza, Krispy Kreme, Nomad Pizza, and others. Currently, it runs over 100 kitchens in over 200 locations in India. According to startup data intelligence platform TheKredible, Curefoods has raised $125 million across rounds from the likes of Binny Bansal-backed Three State Capital, Iron Pillar, and Chiratae Ventures, among others. Curefoods has also raised Rs 37 crore from Landmark Group in February via equity. Curefoods demonstrated notable financial performance in FY24, reporting a surge of over 50% in operating revenue to Rs 585 crore, while reducing losses by 50% to Rs 172.6 crore during the same period. The Ankit Nagori-led firm is reportedly planning to launch its $300–400 million initial public offering (IPO) in the latter part of FY26.

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