🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Healthtech startup Fibroheal Woundcare raises Rs 6.3 Cr in pre-Series A

EntrackrEntrackr · 7m ago
Healthtech startup Fibroheal Woundcare raises Rs 6.3 Cr in pre-Series A
Medial

Silk proteins-based medical devices startup Fibroheal Woundcare has raised Rs 6.3 crore in its pre-Series A round from existing promoters and new investors, including surgeons, medical professionals, and bankers. The company also has an additional commitment of another Rs 10 crore from existing and some new investors. The proceeds will be used to ramp up its go-to-market strategy, recruit more people, and invest in its product pipeline in the medical devices segment. Founded in 2017 by Vivek Mishra and Bharat Tandon, Fibroheal’s products are used in more than 500 hospitals across India and are present in over 19 states. The company has also branched out to selling its products on various e-commerce platforms. The company’s product line, which includes foams, mesh, and powders, among others, is used to heal different types of acute, chronic, traumatic, post-operative, non-healing, or difficult-to-heal wounds like bed sores or infected C-section wounds, among others. Fibroheal has previously raised funds from existing promoters Telama Investments, CCAMP and KITVEN.

Decoding Geniemode’s Series C funding round, latest valuation and captable

EntrackrEntrackr · 4m ago
Decoding Geniemode’s Series C funding round, latest valuation and captable
Medial

Decoding Geniemode’s Series C funding round, latest valuation and captable Geniemode, a business-to-business cross-border e-commerce startup, recently announced $50 million in its Series C round led by Multiples Equity, with participation from Fundamentum, Paramark Ventures, and existing investor Info Edge Ventures. Entrackr has gone through its regulatory filings to decode the round break up, captable, and current valuation. The board of Geniemode has passed a special resolution to issue 5,601 Series C compulsory convertible preference shares at an issue price of Rs 6,60,430 each, raising Rs 370 crore. Additionally, the company has issued 667 partially paid-up equity shares worth Rs 44 crore to its co-founders, bringing the total amount to Rs 414 crore, its regulatory filing accessed from RoC shows. Multiples Equity led the funding round with an investment of Rs 223 crore ($26.2 million), followed by Fundamentum and Paramark Ventures, which contributed Rs 88 crore ($10.3 million) and Rs 36.7 crore ($4.3 million), respectively. Existing investor Info Edge also participated, investing Rs 22 crore ($2.6 million). According to Fintrackr’s estimates, the company’s post-money valuation has now reached Rs 1,800 crore or $212 million. Previously, it was valued at $160 million when it raised $28 million in a Series B round led by Tiger Global in April 2022. According to the data intelligence platform TheKredible, post-allotment co-founder Amit Sharma will hold 27.35% stake, existing investor Info Edge will be the largest external shareholder in the company with 23.2% stake in the company followed by new investor Multiples Equity holding 12.39% stake. See TheKredible for the complete shareholding pattern. Founded by Amit Sharma and Tanuj Gangwani, Geniemode is a B2B cross-border e-commerce startup specializing in furniture, home textiles, apparel, and accessories. It connects buyers with the right suppliers, streamlining the process from sample approval to shipping. Operating in more than 10 countries, Geniemode serves over 200 global buyers and suppliers. With offices in New York, London, Barcelona, China, Bangladesh, and India, it enables brands to source products internationally. For the fiscal year ending FY24, the Gurugram-based company reported a surge of over 2.6X in operating revenue to Rs 556 crore, while reducing losses marginally to Rs 77.62 crore.

Download the medial app to read full posts, comements and news.