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FutureCure Health raises Rs 104 Cr led by Carnelian Asset Management

EntrackrEntrackr · 1d 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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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.

Neo Asset Management announces fund II at Rs 2,000 Cr

EntrackrEntrackr · 9m ago
Neo Asset Management announces fund II at Rs 2,000 Cr
Medial

Neo Asset Management, a seasoned Alternative Asset Management firm in India, has announced the first close of its second flagship private credit fund - the Neo Special Credit Opportunities Fund-II (NSCOF II), at Rs 2,000 crore as on date including the first closing as filed with SEBI. Launched 3 months ago, the fund is targeting a total corpus of Rs 5,000 crore. The fund witnessed interest from Family Offices, Ultra High Net Worth Individuals (UHNIs) and Institutional Investors alike to make Neo’s journey an alternative investment platform focused on Private Credit and Real Assets. NSCOF-II is a SEBI-registered Category II AIF designed to provide bespoke credit solutions to EBITDA positive companies. As a strategy, all investments are fully covered with at least 2-3 times hard asset collateral and bear regular coupons. Neo Asset Management aims to adhere to its fund strategy and deliver returns. It looks forward to deploying capital efficiently in Fund-II. Its objective is to create a well-diversified portfolio with 25-30 investments, each ranging between Rs 150-300 crore. Neo’s first private credit, Neo Special Credit Opportunities Fund-I, closed in June 2024, raising Rs 2,575 crore. This fund has gross deployed 100% of its capital across 23 carefully curated diversified investments and have exited from 7 of these investments, over the past 18 months. The team has evaluated more than 450 investments in the last two years. Neo Group is a new-age wealth and asset management company, backed by Peak XV Partners, MUFG Bank, and Euclidean Capital and committed to building India’s leading Alternatives Asset Management platform. Neo Asset Management, the India-focused Alternative Asset Management arm of the Neo Group, manages more than Rs 10,000 crore of AUM, investing across various asset classes and delivering returns with stable cashflows.

Crion Technologies raises Rs 3.5 Cr led by SIG Tattva

EntrackrEntrackr · 3m ago
Crion Technologies raises Rs 3.5 Cr led by SIG Tattva
Medial

Crion Technologies, a company developing advanced digital solutions in IoT, AI, AR/VR, and cloud technologies, has raised Rs 3.5 crore in a funding round led by SIG Tattva, the corporate venture capital arm of Somany Impresa Group. According to Crion, its flagship digital twin platform, Clonos, aims to redefine asset management by providing real-time insights and predictive capabilities, helping enterprises drive efficiency, reduce downtime, and make smarter decisions. Co-founded in 2016 by Rahul K, Karthik Pondugula and Rathees Paneerselvam, Crion Technologies specializes in digital twin solutions and other advanced digital technologies, including AI, IoT, and AR/VR, to optimize industrial asset management, maintenance, and operational efficiency for the manufacturing and process industries. The company's offerings include its Clonos™ platform for 3D digital twin creation and the "Augmented Workforce" vision for training, maintenance, and efficiency. “What excites us most is working with an industry group that truly understands how transformative technologies can reshape manufacturing, utilities, and infrastructure. Together, we can unlock meaningful impact at scale,” said Vishnuvardhan Jayachandran, CEO of Crion Technologies. Alongside the investment, SIG Tattva also launched its flagship ‘Pilot Before Pitch (PBP)’ program.

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