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Karma Primary Healthcare raises $1.3 Mn in Series A

EntrackrEntrackr · 11m ago
Karma Primary Healthcare raises $1.3 Mn in Series A
Medial

Digital healthcare startup Karma Primary Healthcare has secured Rs 11 crore (nearly $1.3 million) in Series A funding round led by UBS Optimus Foundation along with participation from 1Crowd and other investors. The company had previously raised $1.69 million from Ennovent, Ankur Capital, Innospark, Grand Challenges Canada and others. The capital will be deployed to enhance its technological capabilities and expand the team as it builds-out a patient-centric care model for rural patients, Karma stated in a press release. Co-founded in 2014 by Jagdeep Singh Gambhir, Gagandeep Singh Gambhir, and Manjeet Singh Gambhir, Karma Healthcare develops an online platform for primary health services remotely. It offers tech-enabled remote patient monitoring services for rural villages and rural health clinics in villages. The platform also offers remote consultation with a doctor for multiple diseases. The clinic staffs a community health worker, who records vital parameters, facilitates a video consultation between the patient and a physician, prints the e-prescription emailed by the doctor, and provides free of cost medicines. The Hyderabad-based company claims that it enables access to primary healthcare across 8 states in India through its assisted telemedicine model, witnessed a threefold increase in its patient base over the last three years, impacting more than 350,000 lives, with 55% of them being women. Karma aims to reach 100 locations serving over 150,000 patients annually by 2027. The company says that it is shifting from a transaction-based care model to a patient-centered, value-based care model. For the fiscal year ending in March 2023, Karma Primary Healthcare’s revenue decreased by 7.5% to Rs 4.79 crore from Rs 5.18 crore in FY22. The company’s losses increased to Rs 3.21 crore in FY23 from a profit of Rs 10.20 lakh in the previous fiscal year. It competes with players like DocOnline and Practo, among others.

Postudio raises $1 Mn in pre-Seed funding

EntrackrEntrackr · 6m ago
Postudio raises $1 Mn in pre-Seed funding
Medial

Snippets Postudio raises $1 Mn in pre-Seed funding The funds will be used to scale up in the Indian enterprise market, develop AI-based product features, expand the team, and launch in the U.S. market in H2 2025. Gyan Vardhan 21 Jan 2025 13:08 IST Cloud-based post-production software company Postudio has raised $1 million in a pre-seed funding round led by Audacity Venture Capital. The funds will be used to scale up in the Indian enterprise market, develop AI-based product features, expand the team, and launch in the U.S. market in H2 2025. Founded by media veterans Dhawal Gusain and Harish Prabhu, Postudio offers a web-based platform that enhances post-production workflows with features like virtual editing, real-time collaboration, and AI-driven content localization. In under two years, Postudio has crossed the $1 million ARR milestone and aims to double its revenue in 2025, driven by rising demand for remote collaboration and a focus on affordability and data security. According to Postudio, its innovative platform has been rapidly adopted by media enterprises and independent production houses in India. The company is now poised for global expansion, aiming to redefine the post-production industry with scalable, cloud-based solutions that offer significant cost savings and enhanced security. The firm added that major media enterprises have achieved 20-40% savings by adopting Postudio, which provides easy implementation, user-friendly design, and enhanced security for content protection.

Ikonz Studios raises $5 Mn in pre-Series A round

EntrackrEntrackr · 5m ago
Ikonz Studios raises $5 Mn in pre-Series A round
Medial

Ikonz Studios, specializing in hyper-realistic, multilingual digital avatars and holographic technology, has secured $5 million in strategic funding as part of its ongoing pre-Series A round from Marc Jordan. The round also saw participation from Ramana Thummu, Madhusudan Kela, and Akash Bhanshali, with all four investors joining through their family offices. According to a press release by Ikonz Studios, the funds will be used to accelerate its global expansion, enhance AI capabilities, and scale its IP portfolio. Founded in 2021 by Abhinav Varma Kalidindi, Ikonz Studios is a next-generation AI company leveraging generative AI to create hyper-realistic, multilingual digital avatars and holographic experiences. The company aims to revolutionize digital engagement by bringing iconic personalities to life through interactive and intelligent AI-driven experiences. The Hyderabad-based firm is focused on advancing its AI technology, integrating real-time voice and video processing with visual recognition capabilities. This enables AI avatars to "see" and interact with users in both digital and physical environments. Ikonz Studios utilizes generative AI and holographic technologies to develop hyper-realistic avatars, transforming engagement across industries such as banking, healthcare, education, and retail. While the company has a strong presence in India, it also plans to expand into the North American market.

Decoding AI’s Role In Boosting Rural Development

Inc42Inc42 · 1y ago
Decoding AI’s Role In Boosting Rural Development
Medial

The integration of AI in rural development can address disparities, foster self-sufficiency, and improve the quality of life in rural areas. AI-powered educational platforms can personalize learning experiences, while AI-driven financial services enhance financial inclusion. In agriculture, precision farming enabled by AI technologies increases productivity and promotes sustainable practices. AI can also optimize infrastructure management and support economic development by creating new job opportunities. Additionally, AI-driven technologies improve connectivity and communication in remote areas, bridging the urban-rural divide. Overall, AI has the potential to transform rural communities and unlock unprecedented opportunities.

Smart vending platform Wendor raises $2.5 Mn in seed round

EntrackrEntrackr · 3m ago
Smart vending platform Wendor raises $2.5 Mn in seed round
Medial

Smart vending platform Wendor has raised $2.5 million (about Rs 21 crore) in a seed funding round led by Elanpro. The investment includes equity (₹5 crore) and debt (₹16 crore). Wendor will receive operational support from Elanpro to leverage an extensive service and logistics network across India. The funds will advance AI-powered vending technology, develop computer vision solutions, and strengthen Wendor’s market presence in India and globally. Launched in 2021 by Lakshit Anand, Wendor offers AI-driven vending and automated retail solutions focusing on digital payments, mobile integration, and smart vending technology. The company provides customizable, cashless vending machines with a cloud-based management system. Wendor plans to enhance its AI-driven vending technology to improve inventory management, minimize shrinkage, and boost operational efficiency. It aims to launch camera-based product and quantity detection systems for real-time tracking and offers AI-powered demand forecasting to optimize product offerings. To reinforce its market presence, Wendor plans to launch ten experience centers in key metro and Tier-1 cities, showcasing AI-based product recognition, automated inventory tracking, and refrigeration-integrated vending technology. The company has collaborations with NAFED and installations at Rashtrapati Bhawan, the Taj Mahal, and Fatehpur Sikri. It also partners with Coca-Cola, Amul, Nivea, Apollo Hospitals, Unilever, and Fortis.

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