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

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Health data platform HiLabs snags $38 mn from Eight Roads Ventures, others

VCCircle

VCCircle · 1y ago

Health data platform HiLabs snags $38 mn from Eight Roads Ventures, others

Health data analysis company HiLabs has secured $38 million in a Series B funding round led by Eight Roads Ventures and Denali Growth Partners, with participation from F-Prime Capital. HiLabs uses AI-powered solutions to clean data in the healthcare industry, aiming to provide timely access to clean data for payers, providers, and patients. The funds will be used to enhance its technology stack, recruit top talent, and expand its product teams. The company has opened research and development centres in Pune and Bengaluru and currently employs around 150 people.

Related News

Everstage Snags $30 Mn To Automate Sales Commission Processes

Inc42 · 10m ago

Everstage Snags $30 Mn To Automate Sales Commission Processes

Everstage, a commission management platform for enterprises, has raised funding in a round led by Eight Roads Ventures. Existing investors Elevation Capital and 3one4 Capital also participated. The funds will be used for product innovation and enhancing customer services. Everstage's platform helps businesses track their commission earnings. The company was founded in 2020.

Eight Roads Ventures, F-Prime investing $14 mn in Laurus Labs unit

VCCircle

VCCircle · 8m ago

Eight Roads Ventures, F-Prime investing $14 mn in Laurus Labs unit

Indian pharmaceutical company Laurus Labs is securing equity funding of INR 120 crore ($14.2 million) from global venture capital firm Eight Roads Ventures and F-Prime Capital for its biotech unit, Laurus Bio. Laurus Labs will also invest an additional INR 40 crore in the unit. The investment will support Laurus Bio's expansion of fermentation-based manufacturing capabilities and drive growth opportunities in manufacturing and R&D infrastructure. Following the transaction, Laurus Labs, Eight Roads Ventures, and the promoters of Laurus Bio will hold stakes of 75%, 14%, and 9%, respectively. Laurus Labs entered the biotech sector in 2020 through acquiring a majority stake in Richcore Lifesciences, later renamed Laurus Bio.

Eight Roads scores another multibagger partial exit

VCCircle

VCCircle · 11m ago

Eight Roads scores another multibagger partial exit

Eight Roads Ventures, a global venture capital firm, recently achieved a partial exit from a startup that it had invested in five years ago. This success follows the firm's previous successful investment in Shadowfax earlier this year. As a venture capital firm focused on technology and healthcare investments worldwide, Eight Roads Ventures has a history of identifying promising opportunities and generating significant returns.

Exclusive: Doceree raises $13.6 Mn from Creaegis

Entrackr

Entrackr · 1y ago

Exclusive: Doceree raises $13.6 Mn from Creaegis

Healthcare startup Doceree has raised Rs 113.5 crore (approximately $13.6 million) from Indian private equity firm Creaegis. The board at Doceree has passed a special resolution to issue 10 equity and 2,4300 CCPS at an issue price of Rs 4,672 per share to raise Rs 113.5 crore, its regulatory filing accessed from the Registrar of Companies shows. Importantly, Doceree has received its investments in its local India entity for the first time. Prior to this round, the company had used its holding entity in the US to receive all fundings. Doceree has raised over $50 million to date including $35 million in its Series B round led by Creaegis. Previously, it raised $11 million in a Series A round led by Eight Road Ventures in 2022. Four-year-old Doceree aims to empower pharmaceutical and life-sciences companies and healthcare media agencies with solutions that reach HCPs (healthcare professionals) on their networks to achieve better patient health outcomes. In May last year, Doceree collaborated with Hello Health Group to foray into eight Southeast Asian countries including Vietnam, Indonesia, Malaysia, Cambodia, Myanmar, Singapore, Philippines and Taiwan. As per startup data intelligence platform TheKredible, Doceree registered 60% surge in its operating revenue to Rs 26.6 crore in FY23 from Rs 16.6 crore in FY22. During the period, its losses increase to only Rs 1.53 crore from Rs 38 lakh. Creaegis closed its maiden fund at about $426 million (Rs 3,500 crore) last year. Its portfolio includes Medikabazaar, Zopper, and Kale Logistics among others. Creaegis also has made its major investments in Third Wave Coffee and Zopper.

Peek at Eight Roads' multi-bagger exit from logistics soonicorn Shadowfax

VCCircle

VCCircle · 1y ago

Eight Roads Ventures, a venture capital firm, has achieved significant returns from its partial exit from logistics company Shadowfax. Eight Roads Ventures initially invested in Shadowfax approximately nine years ago and has now sold part of its stake for substantial profits. The VC firm specializes in technology and healthcare investments worldwide and operates in various regions, including China, Japan, Europe, Israel, and the US. This successful exit highlights the potential for high returns in the technology-focused logistics sector.

Eight Roads-backed PlasmaGen Biosciences nets $27 mn in fresh funding

VCCircle

VCCircle · 1y ago

Eight Roads-backed PlasmaGen Biosciences nets $27 mn in fresh funding

Bengaluru-based biopharmaceutical company PlasmaGen Biosciences has raised $27 million in funding from investors including Artian Investments, Ashish Kacholia, and existing investors Eight Roads Ventures and F-Prime Capital. The funds will be used to expand internationally, develop products, and support working capital requirements. PlasmaGen sells blood plasma-derived pharmaceutical products, such as albumin and immunoglobulins, in India and other emerging markets. The company recently inaugurated a manufacturing facility in Bengaluru with the capacity to process 500,000 liters of plasma annually.

Shadowfax Raises $100 Mn To Expand Its Last Mile Delivery Services

Inc42 · 1y ago

Shadowfax Raises $100 Mn To Expand Its Last Mile Delivery Services

Logistics services startup Shadowfax has raised $100 million in Series E funding led by TPG NewQuest, with participation from existing investors including Flipkart, International Finance Corporation, and Qualcomm. This funding round also allowed Eight Roads Ventures, an early investor in the company, to partially exit. Shadowfax plans to use the capital to strengthen its middle-mile network and expand its last-mile delivery services. The startup, founded in 2015, operates across 15,000 pin codes in India and processes 1.5 million orders per day.

Sixth Sense Ventures Puts $3 Mn in MyHealthcare

Entrackr

Entrackr · 1y ago

Sixth Sense Ventures Puts $3 Mn in MyHealthcare

Making its first investment in healthtech segment, Sixth Sense Ventures has put $3 million in MyHealthcare as a part of ongoing Series A round. MyHealthcare will use the fund to expand across Southeast Asia. It works on a partnership model with hospitals and provides EMR, health trackers, video consult, and 24×7 health monitoring services, among others. In July 2018, the Gurugram-based startup had raised $2 million from Hunch Ventures and angel investor Ajay Nanavati (Source)

Exponent gets $26 mn to push adoption

The Arc Web

The Arc Web · 1y ago

Exponent gets $26 mn to push adoption

Exponent Energy, a developer of rapid EV charging solutions, has secured $26.4 million in a funding round led by Eight Roads Ventures. The funding will be used to increase adoption of its fast-charging battery packs, which are currently compatible with electric three-wheelers made by Altigreen. Exponent also plans to expand its network of charging stations and establish a new manufacturing plant. The startup aims to persuade more OEMs to adopt its batteries and attract backers for charging infrastructure.

ProsParity raises $2 Mn pre-seed round from BEENEXT, others

Entrackr

Entrackr · 1y ago

ProsParity raises $2 Mn pre-seed round from BEENEXT, others

Fintech startup ProsParity has raised $2 million in its pre-seed round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. Angel investors like Dr Ashish Gupta (co-founder of Junglee and Helion Ventures), Raj Dugar (ex-Eight Roads Ventures), Dhyanesh Shah (co-founder of Mosaic Wellness), Abhishek Goyal (co-founder of Tracxn) and Nitin Kaushal (co-founder of Country Delight) also participated in this round. The funds will be used for building proof of concept, technology, and expanding origination networks, starting with central India. ProsParity is also building a comprehensive partnership network across original equipment manufacturers (OEMs), fleet operators, dealerships, and lenders. Founded by Saurabh Khodke and Anirudh Dhakar, ProsParity is an end-to-end electric mobility financing platform that focuses on compliance, scalability, and agility for lenders, while easing access to financing relationships for EV dealers and OEMs to enable financing for their end-customers. Through its proprietary platform and approach of origination, the firm aims to aggregate the demand for financing on a single platform for the lenders to channelize their capital in the emerging EV financing asset class.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Microsoft locks down a building a ...

Gaming Ban Stumps Cricket: Virat ...

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