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Health startup Newmi Care raises $1.5 million from Sprout Venture Partners, others

Economic TimesEconomic Times · 10m ago
Health startup Newmi Care raises $1.5 million from Sprout Venture Partners, others
Medial

Women's health and wellness startup Newmi Care has secured $1.5 million in seed funding led by Sprout Venture Partners. The funding round also saw participation from LetsVenture, Sarcha Advisors, Key Ventures Forum, and other angel investors. Newmi Care plans to use the funds to establish women's clinics in northern and western India, enhance its technology, drive product innovation, and expand its team. The startup offers a comprehensive platform for women's healthcare, covering consultations, diagnostics, procedures, medications, and health tracking. It aims to simplify outpatient care for women in India and has already served over 60,000 women across various cities.

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Women health platform Newmi Care raises $1.5 Mn in Seed round

EntrackrEntrackr · 10m ago
Women health platform Newmi Care raises $1.5 Mn in Seed round
Medial

Newmi Care, a full stack outpatient care platform and clinics focused on women health & wellness, has raised $1.5 million in a Seed funding round led by Sprout Venture Partners. he round also saw participation from a leading family office, LetsVenture, Sarcha Advisors, Key Ventures Forum and a few angels investors. Newmi Care aims to build its women clinics in North & West India, enhance technology and product innovation and expand its team, the company said in a press release. Since its inception in May 2022, Newmi Care claims to have serviced more than 60,000 women across 400 cities in India covering health concerns ranging from menstrual, sexual and hormonal health, fertility & maternity, menopause and women reproductive organ cancers. Founded by Aditi Singh and Sanchit Agarwal, Newmi has launched women centric OPD insurance products along with leading insurers and the firm has 10 operational clinics in Delhi NCR. Early-stage VC fund Sprout is currently investing out of its Fund II. From its first fund, it has backed companies like Pixis, Ripplr, Fashor, Advantage Club, Goals101 and Fitso among others.

Newmi Care, Futwork raise early-stage funding, eye expansion

VCCircleVCCircle · 10m ago
Newmi Care, Futwork raise early-stage funding, eye expansion
Medial

Women's health platform Newmi Care has raised $1.5m in seed funding led by Sprout Venture Partners, with participation from LetsVenture, Sarcha Advisors, Key Ventures Forum, and angel investors. The startup plans to use the funds to expand its women’s clinics, enhance technology and product innovation, and grow its team. Since its launch in May 2022, Newmi Care has served over 60,000 women across 400+ Indian cities, providing comprehensive care for health concerns ranging from menstrual and sexual health to fertility and women's reproductive organ cancers. Contact center solutions provider Futwork has secured INR 210m ($2.8m) in a Series A funding round led by the Michael & Susan Dell Foundation and Artha Venture Fund. The funds will be used to scale Futwork's product line and deploy AI solutions for customer communication across voice, chat, email, and WhatsApp channels. The startup also plans to expand to international markets and support sectors including e-commerce, BFSI, and edtech. Earlier, Futwork raised a seed round of $1m from Blume Ventures and Simile Venture Partners in 2022.

Startup news and updates: Daily roundup (September 13, 2024)

YourStoryYourStory · 10m ago
Startup news and updates: Daily roundup (September 13, 2024)
Medial

Futwork, a mobile app-based contact center solutions provider, has raised Rs 21 crore ($2.8 million) in a Series A funding round led by the Michael & Susan Dell Foundation and Artha Venture Fund. The funds will be used to scale the company's product and roll out AI solutions across voice, chat, email, and WhatsApp. Newmi Care, an outpatient care platform focused on women's health, has raised $1.5 million in a seed funding round led by Sprout Venture Partners. Agilitas Sports has partnered with Spring Marketing Capital to build global capabilities. CarDekho Group has appointed Sudarshan Sarma as chief business officer of its New Auto unit. People Matters has named Pushkaraj Bidwai as its new CEO.

Lifetime Health raises $1.5 Mn in seed round

EntrackrEntrackr · 12m ago
Lifetime Health raises $1.5 Mn in seed round
Medial

Lifetime Health, a digital platform for at-home care, has secured $1.5 million in a seed round led by US-based venture capital firm The Garage Syndicate along with participation from other angel investors. The company had previously raised $900,000 in its last round from an existing investor. The fresh proceeds will be deployed towards further development, Lifetime Health said in a press release. Co-founded in 2023 by Konstantin Riabtsev, Michail Vorobiev and Nabil Ahmed, Lifetime Health is a digital platform for hospital-at-home care providing phlebotomy services, diagnostic tools, medical devices, nursing care, physiotherapy, and postoperative care all in one app. Its automated platform ensures fast, high-quality, and affordable service, from the client’s order to the nurse’s departure and results processing. Lifetime Health is currently operating in Bengaluru and its partner network includes 200 local clinics. It aims to reach major Indian cities and connect over 10,000 medical offices nationwide. intends to enable medical service orders at home for residents across Bangalore and its suburbs, and expand to Mumbai. The platform expects to have 1,000 doctors registered on the platform, with at least 300 of them becoming active users who can schedule appointments online, make appointments and recommendations, and maintain patient histories in digital format. The other startups in this space are Caresathome, CASAMED, Muse Diagnostic, Care24-India, and others.

Moxie Beauty raises Rs 17.3 Cr led by Fireside Ventures

EntrackrEntrackr · 11m ago
Moxie Beauty raises Rs 17.3 Cr led by Fireside Ventures
Medial

D2C haircare brand Moxie Beauty has raised Rs 17.3 crore or $2.1 million in a new round led by Fireside Ventures. The round also saw participation from a group of angel investors, including Samir Singh (ex Unilever CMO Personal Care, Chair Unilever Asia), Arjun Purkayastha, Suhasini Sampath (founder, Yoga Bar), Navin Parwal and Sangeet Agrawal (founders, Mokobara). In April last year, the Gurugram-based startup had raised $669K in its seed round from Amplify Partners, OTP Venture Partners and others. The new proceeds will be used towards product innovation and research, hiring talent, and expanding distribution channels. Launched by Nikita Khanna and Anmol Ahlawat, Moxie Beauty makes salon-quality hair care products that are tailored for Indian hair textures. Besides essentials like shampoo and conditioner, it offers leave-in products and styling products that help tackle dryness and frizz.

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