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Healthtech startup Docplix raises Rs 1.2 Cr in bridge round

EntrackrEntrackr · 1y ago
Healthtech startup Docplix raises Rs 1.2 Cr in bridge round
Medial

Healthtech startup Docplix has raised Rs 1.2 crore in its bridge round led by Inflection Point Ventures. Earlier in March this year, DocPlix had raised Rs 5 crore in its pre-Series A round led by Eris Lifesciences with the participation of other angel investors. In February 2022, it raised Rs 1.2 crore in seed round. The fresh proceeds will be used for product development, AI integration, and market expansion, Docplix said in a press release. This will involve enhancing its EHR system, incorporating advanced AI capabilities to improve decision support and patient care, and expanding its market reach. Founded by Varun Garg, Aayush Garg, DocPlix’s ABDM-compliant Electronic Health Record (EHR) system ensures secure and interoperable management of patient data. Its integrated Decision Support System (DSS) helps healthcare professionals make informed decisions through data analytics. Additionally, innovative visualization tools make patient data easy to understand, enhancing patient care and clinic efficiency. The startup claims to serve over 2,000 doctors, extending its reach through programs and remote clinics in tier-II and tier-III cities to address healthcare needs in underserved areas.

Edtech startup ODA Class raises $500K in Series B round

EntrackrEntrackr · 10m ago
Edtech startup ODA Class raises $500K in Series B round
Medial

Bengaluru-based edtech startup ODA Class has raised $500K in its Series B round from Skywalker Education Technology Co. Ltd. (Singapore), Daituzi Education Technology Corporation Limited, and Matrix Partners China. Following the latest round of funding, the total funding raised by ODA Class is now $12.75 million. In March 2020, the startup had raised an undisclosed amount in its pre-Series A round from Yuanfudao, a China education giant. In 2021, the company raised $9 million, followed by $3 million in 2022 and an additional $250K in 2023. According to ODA Class, the funds will be used in several key areas to maximize impact, like digital marketing, which will enhance the company’s brand visibility and reach a broader audience. Founded in 2019, ODA Class offers live online courses for students from class 1 to 10. Using AI technologies and innovative marketing strategies, the company provides high-quality education at accessible rates. With educators from IITs and NITs, ODA Class has served over 25,000 long-term students and aims to enroll 100,000 students in 2024 while continuing to enhance its learning platform. The company claims to have reported revenues of Rs 26.90 crore for FY22, which grew to Rs 63.76 crore in FY23 and further increased to Rs 65.81 crore in FY24. In parallel, the company managed to optimize its expenditures, with costs reported at Rs 79.20 crore in FY22, Rs 107.81 crore in FY23, and Rs 85.20 crore in FY24.

Furnishka raises Rs 27 Cr in pre-Series A round led by IndiaQuotient

EntrackrEntrackr · 9m ago
Furnishka raises Rs 27 Cr in pre-Series A round led by IndiaQuotient
Medial

Furnishka, a furniture retailer founded in 2023 by Ganesh Pawar, has successfully raised Rs 27 crore in a pre-Series A funding round led by IndiaQuotient, bringing its total funding to Rs 45 crore. The round also saw participation from Sparrow Capital and angel investors, including Udaan co-founder Sujeet Kumar and Ramakant Sharma. The new funds will be used to enhance product design and development, bolster manufacturing and supply chain capabilities, and expand to new locations. Furnishka aims to simplify India’s complex home furnishing market by addressing issues such as long delivery times, high costs, and inconsistent service quality. It offers a seamless shopping experience through both online and offline stores in Bengaluru, with over 1,000 SKUs and customizable designs at competitive prices. Market research indicates that the Indian furniture market is projected to grow from $24.47 billion in 2023 to $64.39 billion by 2032, with a CAGR of 11.35% from 2024 to 2032. Furnishka has focused on supply chain innovation, standardization, localization, and cost reduction to deliver premium furniture affordably. Within its first year, the company has served over 10,000 customers and operates four large-format stores in Bangalore, showcasing a wide array of products. Looking ahead, Furnishka plans to expand its product categories, particularly in premium living room, dining room, and bedroom collections, open six additional large-format stores, and create educational content to help customers make informed furnishing decisions. The company offers thousands of customization options to cater to diverse tastes and requirements.

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