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

EntrackrEntrackr · 10h 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.

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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.

BorderPlus raises $7 Mn led by Owl Ventures

EntrackrEntrackr · 11m ago
BorderPlus raises $7 Mn led by Owl Ventures
Medial

BorderPlus, a new-age cross-border workforce mobility platform, has raised Rs 60 crore ($7 million) in a funding round led by Owl Ventures, and participation from entrepreneurs including Binny Bansal, Mithun Sacheti, Ritesh Agarwal, Aakash Chaudhary, and Apoorva Patni. This marks BorderPlus' first institutional (external) funding round. The proceeds will be fuelling its mission to streamline international career opportunities for skilled Indian workers, starting with healthcare professionals and nurses. Mayank Kumar, co-founder of upGrad, and Ayush Mathur, a former senior leader at OYO, launched BorderPlus in January this year. BorderPlus provides end-to-end support, including finishing school training, language learning, visa processing, employment opportunities, cultural integration, local qualification recognition, financing, and talent leasing. The firm has already begun training its first batch of nurses, preparing them for global placements with a comprehensive approach that includes language training, visa processing, job placements, cultural integration, and financial support.

Binny Bansal invests $20 Mn in e-comm OS startup ShopOS

EntrackrEntrackr · 6m ago
Binny Bansal invests $20 Mn in e-comm OS startup ShopOS
Medial

Binny Bansal invests $20 Mn in e-comm OS startup ShopOS Bengaluru-based e-commerce tech startup ShopOS has raised $20 million in a funding round led by 3STATE Ventures, the investment firm founded by Flipkart co-founder Binny Bansal. The fresh capital will be used to scale product development, expand its engineering team, and onboard more e-commerce brands across global markets, ShopOS said in a press release. ShopOS is developing an AI-powered platform to help brands easily build and manage online stores. It uses an “AI workforce” to automatically create content like product descriptions, images, and videos, adjust store layouts for each visitor in real time, and run targeted marketing campaigns. The startup was founded by Sai Krishna V K and Ajay P V, who earlier co-founded Scapic, a tech platform acquired by Flipkart in 2020. After the acquisition, they helped launch Flipkart Labs, focusing on deep tech and AI in commerce. They are joined by Karan Sonawala, who previously led AI and immersive commerce projects at Flipkart. “The friction in content creation and personalization are significant drags on growth. Our previous startup journey taught us the importance of solving hard problems, and with ShopOS, we are focused on delivering what AI agents can truly do for brands. We are building from India for the globe and with this funding milestone, we wish to tap into the smartest AI minds in India to build the future of Commerce,” said the co-founders in a joint statement. ShopOS is targeting a global customer base with early adopters already onboarded in India, Europe, and the UAE.

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