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FutureCure Health raises Rs 104 Cr led by Carnelian Asset Management

EntrackrEntrackr · 1m ago
FutureCure Health raises Rs 104 Cr led by Carnelian Asset Management
Medial

FutureCure Health, a healthcare technology company focused on super-speciality care, has mopped up Rs 104 crore ($11.5 million) in a funding round led by Carnelian Asset Management LLP, with participation from other investors. The fundraising follows an earlier $4 million round in 2022 backed by Kotak Alternate Asset Management, RVCF Ventures, and Unicorn India Ventures. The fresh funds will be utilized to expand access to the diagnosis and treatment of vertigo, FutureCure Health said in a press release. Co-founded in 2015 by Rajneesh Bhandari and Anita Bhandari, FutureCure runs NeuroEquilibrium, its wholly owned subsidiary and a chain of vertigo and dizziness diagnostic and rehabilitation clinics. Unlike conventional approaches, NeuroEquilibrium focuses on identifying the root cause of vertigo, whether arising from the inner ear, the brain, or balance pathways, enabling targeted treatment rather than temporary relief. NeuroEquilibrium addresses a critical global gap in access to specialised neuro-otology care. By integrating advanced diagnostic systems, cloud-based remote platforms, and deep-tech innovation, it scales precision care beyond traditional urban centres, impacting patients worldwide while advancing cutting-edge medical technology. As NeuroEquilibrium scales across hospitals in India and globally and expands into chronic lifestyle diseases such as migraine and diabetes, it focuses on using technology to bridge the shortage of specialist doctors. Precise, scalable diagnostics can democratise super-speciality healthcare and act as a force multiplier for better outcomes. Working closely with hospitals, ENT clinics, and neurology centres, NeuroEquilibrium claims to operate over 300 clinics in India and 16 other countries and has enabled diagnosis and treatment for over 150,000 patients, significantly improving long-term outcomes.

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Truboard Partners raises Rs 20 Cr led by Earth Fund

EntrackrEntrackr · 2d ago
Truboard Partners raises Rs 20 Cr led by Earth Fund
Medial

Truboard Partners raises Rs 20 Cr led by Earth Fund Asset performance platform Truboard Partners has secured Rs 20 crore ($2.2 million) in a funding round led by Earth Fund, an environment- and sustainability-focused venture capital platform. The Mumbai-based company had previously raised $2.7 million in July 2022. The proceeds will be used to strengthen its product foundation and scale the platform responsibly across asset classes, Truboard Partners said in a press release. Co-founded in 2020 by Srickant Rajagopal, Nandkumar Surti, and Vipul Thakore, Truboard Partners offers AI-driven asset performance management software that provides comprehensive portfolio intelligence to lenders, equity investors, and asset owners managing real and financial assets. The platform enables 360-degree visibility into investment performance, risk management, and operational efficiency, helping institutions optimise portfolio IRRs through data-driven decision-making. According to the company, its platform is used by investors and operators to manage complex, multi-asset portfolios across India’s real estate and energy markets, supported by recent expansions into the US and EU. Truboard Partners works with developers, lenders, and institutional investors, providing a common operating layer for portfolio management across real estate and energy assets, spanning both debt and equity structures. The company aims to address gaps in India’s real asset ecosystem by bringing structure and transparency to post-investment asset monitoring in real estate and clean energy infrastructure. By converting fragmented data into actionable insights, the platform reduces lender visibility timelines from months to days, improves risk management, and enables asset owners to generate 2–3% higher returns.

Exclusive: Snack brand Troo Good raises Rs 72 Cr in new round

EntrackrEntrackr · 1y ago
Exclusive: Snack brand Troo Good raises Rs 72 Cr in new round
Medial

Troo Good, a millet-based snack brand, has raised Rs 72 crore (approximately $8.6 million) from Oaks Asset Management, with participation from Puro Wellness and V Ocean Investments. The board at Troo Good has passed a resolution to issue 10,176 equity shares to raise the aforementioned sum, its regulatory filing accessed by Entrackr from Registrar of Companies shows. Existing investor Oaks Asset Management contributed Rs 37 crore, while V Ocean Investments and Puro Wellness invested Rs 10 crore and Rs 25 crore, respectively. The filing also mentioned that the company will use these funds to meet its working capital requirements. The company has raised around Rs 132 crore to date including its Rs 55 crore in a Series A led Oaks Management in November 2021. According to the startup data intelligence platform TheKredible, Troo Good will be valued at Rs 322 crore or $38 million post-allotment. Following the recent funding, Oaks Asset Management will hold a significant 28.89% of the capital, while Puro Wellness and V Ocean Investments will command stakes of 7.75% and 14.28%, respectively. Founded in 2018 by Raju Bhupati, Troo Good is a Hyderabad-based company that sells millet-based snacks, including chikkis, protein bars, and nutri bars. The company claims to sell over 2 million millet chikkis and other millet snacks every day. While the firm has yet to report FY24 numbers, Troo Good recorded a modest 7% growth in revenue, rising to Rs 52.7 crore in the fiscal year ending March 2023. However, effective cost management enabled Troo Good to achieve profitability during the same period. It competes with Slurrp Farm, which raised $7.2 million in January this year, as reported exclusively by Entrackr.

GreenTech raises Rs 30 Cr led by Transition VC

EntrackrEntrackr · 1m ago
GreenTech raises Rs 30 Cr led by Transition VC
Medial

GreenTech, a tech-driven operations & maintenance company specializing in wind turbine asset management, has raised Rs 30 crore in its first funding round led by Transition VC. The funds will be used to expand global infrastructure, upgrade predictive maintenance platforms, SCADA analytics platforms, and enhance business development in India and international markets. Launched in 2018 by Daniel Raj, GreenTech provides comprehensive O&M and asset management solutions for wind turbine fleets, including predictive and preventive maintenance, SCADA modernization, and crane-less major component replacement. The company operates in major wind states in India and has a growing presence in Southeast Asia. Based in Coimbatore, GreenTech plans to expand its repair and refurbishment facility and scale its predictive maintenance algorithms using AI and machine learning. The company targets significant revenue growth over the next 24 months. GreenTech manages multi-brand wind assets and supports customers across India and Asia, including Vietnam and Sri Lanka, while venturing into other markets in Southeast Asia and MENA regions. Its supply chain includes over 100 suppliers, 20 repair loops, and more than 7 major component partners.

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