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ELIVAAS in talks to raise Rs 100 Cr in new round

EntrackrEntrackr ยท 2m ago
ELIVAAS in talks to raise Rs 100 Cr in new round
Medial

Vacation home rentals platform ELIVAAS is in the process of raising $10-12 million, sources familiar with the matter told Entrackr. The new discussion comes just six months after it secured $5 million in its Series A round. โ€œELIVAAS is in late-stage talks with new and existing investors to raise new money at around Rs 500 crore valuation,โ€ said one of the sources requesting anonymity as talks are yet to be public. Sources emphasized that the talks have come on the back of ELIVAAS strong growth in revenue in the last fiscal year (FY25). Founded in 2023 by Ritwik Khare and Karan Miglani, ELIVAAS provides luxury villas and premium apartments across popular destinations such as Kasol, Goa, Udaipur, Nainital, Shimla, Rishikesh, and others on rent. The two-year-old firm closed FY25 with more than threefold year-on-year growth in both revenue and gross booking value,โ€ said another source who wished to remain anonymous. โ€œCurrently, the deal terms are under discussion, with a new investor likely to lead the round.โ€ To be sure, the terms of the deal may still change at the last minute. Queries sent to ELIVAAS co-founder didnโ€™t elicit any immediate response, while Peak XV has declined to offer comment on the story. ELIVAAS has raised $7.5 million to date, including a $5 million Series A led by 3one4 Capital with participation from Peak XV. Its $2.5 million seed round was led by Peak XVโ€™s Surge, with backing from angel investors such as Kunal Shah, Mohit Gupta, Amit Lakhotia, Naveen Kukreja, and others. ELIVAAS has yet to disclose its FY25 numbers. However, as per startup data platform TheKredible, the company recorded a revenue of Rs 7 crore and a loss of Rs 10.4 crore for the fiscal year ended March 2024.

Lifetime Health raises $1.5 Mn in seed round

EntrackrEntrackr ยท 11m ago
Lifetime Health raises $1.5 Mn in seed round
Medial

Lifetime Health, a digital platform for at-home care, has secured $1.5 million in a seed round led by US-based venture capital firm The Garage Syndicate along with participation from other angel investors. The company had previously raised $900,000 in its last round from an existing investor. The fresh proceeds will be deployed towards further development, Lifetime Health said in a press release. Co-founded in 2023 by Konstantin Riabtsev, Michail Vorobiev and Nabil Ahmed, Lifetime Health is a digital platform for hospital-at-home care providing phlebotomy services, diagnostic tools, medical devices, nursing care, physiotherapy, and postoperative care all in one app. Its automated platform ensures fast, high-quality, and affordable service, from the clientโ€™s order to the nurseโ€™s departure and results processing. Lifetime Health is currently operating in Bengaluru and its partner network includes 200 local clinics. It aims to reach major Indian cities and connect over 10,000 medical offices nationwide. intends to enable medical service orders at home for residents across Bangalore and its suburbs, and expand to Mumbai. The platform expects to have 1,000 doctors registered on the platform, with at least 300 of them becoming active users who can schedule appointments online, make appointments and recommendations, and maintain patient histories in digital format. The other startups in this space are Caresathome, CASAMED, Muse Diagnostic, Care24-India, and others.

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