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Sunfox Technologies raises Rs 15 Cr led by Venture Catalysts

EntrackrEntrackr · 10m ago
Sunfox Technologies raises Rs 15 Cr led by Venture Catalysts
Medial

Health-tech startup Sunfox Technologies has secured Rs 15 crore in a pre-Series A funding round led by Venture Catalysts along with participation from Finvolve through the IA Growth Opportunities Fund I and Brew Opportunities Fund, as well as Universal Group, RP Singhvi Group, and others. The company had previously raised Rs 5 crore investment from USAID through SAMRIDH Health and LetsVenture. It was also featured in Shark Tank India. The fresh funds will be used for expansion in India and globally and focus on scaling its flagship innovation Spandan, Sunfox stated in a press-release. Co-founded in 2016 by Rajat Jain, Arpit Jain, Saurabh Badola, Nitin Chandola, and Sabit Rawat, Sunfox is an R&D lab which aims to develop cutting-edge healthcare technologies for the digital world. Its flagship product Spandan is a smartphone-based portable ECG device that provides clinically accurate 12-lead ECG readings, empowering users to detect heart attacks and monitor cardiac health in real-time. The Dehradun-based claims that Spandan has been used by over 30,000 individuals across 20 countries and saved more than 10,000 lives through early detection of heart conditions. This technology is proving critical as India confronts a surge in heart attacks post-COVID-19. Sunfox has established an advanced in-house R&D and manufacturing facility in Dehradun and even captured global attention from prestigious institutions such as Oxford and Wharton.

Kreedo raises $4 Mn in Series A funding

EntrackrEntrackr · 10m ago
Kreedo raises $4 Mn in Series A funding
Medial

Edtech platform Kreedo has raised $4 million in Series A funding round co-led by Singapore-based Heritas Capital and existing investor UBS Optimus Foundation. The round also saw participation from other existing investors such as Gray Matters Capital, 1Crowd, The Chennai Angels, The Joka Angel Network and others. The proceeds will be used to enhance product offerings and expand into new geographies in India, Kreedo said in a press release. Co-founded in 2012 by Mridula Shridhar and VK Manikandan, Kreedo partners with affordable private schools and preschools and aims to transform the way learning is delivered in early years. Its unique 6T learning framework is an innovative model centered on the Kreedo Activity Labs which offers a structured environment for play-based learning. According to Kreedo, it currently caters to children in the age group of 3 to 8 years (Nursery to Grade 2), in line with play-based guidelines prescribed in the NEP 2020 for the foundational stage of learning. The platform offers a comprehensive solution that empowers and supports schools to significantly improve learning outcomes. Kreedo says that it is solving this problem at scale by integrating play as the primary form of learning in its partner schools in the foundation years. Over the last two years, Kreedo also says that it has seen significant growth, doubling its revenue, expanding its reach from 700 to 1,700 schools/ pre-schools and increased the number of children benefiting from its programs from 55,000 to more than 1,40,000 Kreedo intends to extend its product offerings moving upwards to grades 3-5, and enhance Practico, a digital home learning platform. The platform will also be scaling a specialized pre-primary teacher training franchise program that will create a pool of job-ready qualified teachers for its partner schools as well as the early education market in general.

Kreedo secures Rs 10 Cr debt funding from Recur Club

EntrackrEntrackr · 7m ago
Kreedo secures Rs 10 Cr debt funding from Recur Club
Medial

Edtech platform Kreedo Early Childhood Solutions has secured Rs 10 crore in debt funding from Recur Club, a prominent debt marketplace for startups and SMEs. Kreedo had previously raised $4 million in Series A funding from Heritas Capital and UBS Optimus Foundation to enhance learning ecosystems. The proceeds will be deployed towards fuelling its growth and expansion plans, enhancing product offerings and scaling operations across India, Kreedo said in a press release. Co-founded in 2012 by Mridula Shridhar and Manikandan Krishnan, Kreedo provides a non-franchise solution for preschools and schools in India. Its curriculum is designed to help children develop literacy, numeracy, and other skills through play-based activities. The platform's curriculum is based on the idea that children learn best through a 'Concrete to Abstract' or 'Practical to Theory' approach. The curriculum combines indoor and outdoor games and toys to help children learn to explore and develop skills. According to the Bengaluru-based company, it focuses on improving education in over 350,000 affordable private schools across India, which cater to low-income families and charge less than Rs 30,000 annually. The company claims that it has demonstrated an impressive revenue growth rate of over 35% year-on-year for the past three consecutive years. 'It has been a pleasure working with Manikandan and witnessing Kreedo’s incredible growth journey over the past couple of years. Their intelligent approach to capital management has enabled them to hyperscale effectively while preserving significant equity.' said Eklavya Gupta, co-founder & CEO of Recur Club. Kreedo may compete directly or indirectly with other companies in this space are Kinderly, Seed Schools, Sudiksha Knowledge Solutions, Blue Blocks, Hello Kids amongst others. Recur Club is a capital platform, enabling companies to raise debt capital tailored to their business needs with a dedicated capital expert. The platform aims to deploy Rs 2,000 crore in debt funding for startups and SMEs through Recur Scale and Rs 1000 crore to MSMEs through Recur Swift in this financial year. It has backed startups such as Ustraa, Rage Coffee, Moveinsync, Keka HR, Xoxodays, and others. It competes with other debt financing platforms like GetVantage, Velocity, and Klub.

Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC | TechCrunch

TechCrunchTechCrunch · 6m ago
Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC | TechCrunch
Medial

Jenny Fielding, co-founder of Everywhere Ventures and former Techstars managing director, sparked a conversation about the appropriateness of early-stage founders having executive assistants (EAs) to help them schedule. Some suggested using AI executive assistants, while others defended the need for human assistance. Fielding's point was that founders should focus on building a product rather than excessive spending. Seed investors, like Fielding, believe founders should spend their cash as they see fit, but early-stage VCs will still evaluate their cash management when it's time to raise the next round. Fielding also mentioned that certain titles and high salaries at early-stage startups can raise red flags for VCs.

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