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Startup news and updates:

YourStoryYourStory · 1y ago
Startup news and updates:
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Uravu, a Bengaluru-based startup, has raised undisclosed funding led by AWE Funds. The funding will be used to scale its premium beverage model that provides over 4,000 litres of water daily to hospitality clients in Bengaluru. Additionally, Gemba Capital has appointed Somak Ghosh to its advisory board. Ghosh brings over 30 years of experience in banking and will contribute to the micro VC fund's investments in startups. In other news, Collective Artists Network and Pinterest have created 100,000 shoppable content pieces for Myntra, Urban Space is expanding into quick commerce, Origin has launched fresh produce delivery pods in Bengaluru, and Hoonartek has launched RealizeAI, an AI solutions suite for various industries in India.

NFT platform Zora is offering a novel way for AI model makers to earn money

TechCrunchTechCrunch · 2y ago
NFT platform Zora is offering a novel way for AI model makers to earn money
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Social network platform Zora is expanding into the artificial intelligence (AI) market. Zora aims to assist creators, artists, and brands in monetizing their content through non-fungible tokens (NFTs). The platform, built on the Optimism blockchain, has seen over $300 million in secondary sales and over 4 million NFTs minted since its founding in 2020. Zora aims to integrate crypto and AI technologies, as both benefit from having information on-chain. The platform recently launched AI-powered minting capabilities, allowing creators to generate images almost instantly. Zora believes that blockchains can help verify and authenticate the ownership of creations, increasing transparency.

CureBay acquires Saveo’s pharma distribution business

EntrackrEntrackr · 22h ago
CureBay acquires Saveo’s pharma distribution business
Medial

CureBay acquires Saveo’s pharma distribution business CureBay, a hybrid healthcare platform, has acquired the pharma distribution business of Saveo Healthtech for an undisclosed amount. The deal includes Saveo’s network serving over 10,000 retail pharmacies across southern India, along with distribution hubs in Bengaluru and Hyderabad, procurement capabilities, and a tech-enabled ordering platform. CureBay plans to integrate Saveo’s distribution infrastructure with its existing healthcare network to improve fulfillment cycles and inventory visibility. Founded by Priyadarshi Mohapatra, CureBay operates a network of over 190 eClinics across 15,000 villages and has served more than one million patients. The company provides teleconsultation, diagnostics, pharmacy access, and referral services through a hybrid model combining physical centres and digital tools. Saveo’s founders Vivek Jaiswal and Shivansh Shrivastava continue to focus on building the company’s brand-led vertical independently under the parent company funded by existing investors. Saveo previously operated two segments, distribution and branded pharma, with the distribution business now divested. The founders are scaling Silvercross, a direct-to-retail pharma brand operating across 18 states, with an ARR of Rs 100 crore and EBITDA of -3%. The brand also provides first-of-its-kind, batch-level lab reports accessible via QR codes on medicine packaging. With this acquisition, CureBay is moving towards a full-stack healthcare model by integrating medicine distribution into its core offering. The company has already completed most of the integration and is deploying combined operations in select markets. Back in May last year, CureBay had raised $21 million in its Series B funding round, led by Bertelsmann India Investments at around $75 million valuation.

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