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Healthcare diagnostics startup Neuranics raises $700K in seed round

EntrackrEntrackr · 7m ago
Healthcare diagnostics startup Neuranics raises $700K in seed round
Medial

Neuranics, a healthcare diagnostics startup, has raised $700K in its seed round led by Inflection Point Ventures (IPV). The proceeds will be used for technology development and clinical validation, enabling the company to progress toward commercial production post-CDSCO licensing. Founded in 2021 by Praveen Kumar and Ashutosh Patra, Neuranics is developing a point-of-care blood analyzer capable of delivering complete blood count (CBC) results in less than 10 minutes using just a finger-prick sample. The device, designed for primary and emergency settings, offers low maintenance and high efficiency, making it a game-changer for the healthcare industry. At the same time, life-saving treatments for critical conditions like sepsis, severe anemia, and thrombocytopenia, especially in dengue patients, can be initiated promptly, ensuring timely and effective care. The company has a patent granted, received the CDSCO Test License, and Ethical Approval from AIIMS Delhi, and progressing through clinical trials. So far, Inflection Point Ventures has invested over Rs 790 crore across over 210 startups.

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HealthCRED raises $1.2 Mn in seed round

EntrackrEntrackr · 11m ago
HealthCRED raises $1.2 Mn in seed round
Medial

B2B healthcare financing startup HealthCRED has raised $1.2 million in its seed round led by Antler India, TRTL VC, DeVC, iSeedVC and Angel List India. The round also saw participation from angel investors including Dr. Subho Ray (President, IAMAI), Nitin Gupta (CEO, Uni Cards), Amit Lakhotia (CEO, ParkPlus) and founders of InsuranceDekho and SEA-based Docquity. The proceeds will be used to enhance customer relationships and expand operations to the Southern and Western parts of the country. The firm will also hire fresh talents and develop B2B loan onboarding and loan management systems. Founded in 2022 by Shrey Jain and Arpit Jangir, HealthCRED provides swift, comprehensive, and adaptable financing solutions tailored for the healthcare sector. Delhi-based HealthCRED partners with hospitals, specialised healthcare service providers (HSPs across nephrology, oncology, and diagnostics), insurers, and pharmaceutical and consumable supply chain partners to deliver financing solutions.

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.

Axilor bets on healthtech platform Alvye; four others raise early-stage funds

VCCircleVCCircle · 1y ago
Axilor bets on healthtech platform Alvye; four others raise early-stage funds
Medial

Indian healthtech startup Alyve Health has raised $5.5 million in a Series A funding round led by Axilor Ventures. The funds will be used for platform development, talent acquisition, and expansion of operations. Alyve Health offers health plans that cover a range of healthcare services, including doctor consultations, diagnostics, medicine purchases, dental procedures, gym memberships, and well-being. In addition to Alyve Health, generative AI startup Ayna raised $1.5 million in seed funding, consumer brand Rockit secured $719,299 in pre-seed funding, drinking water brand Wahter raised $599,359 in pre-seed funding, and proptech startup Landeed raised an undisclosed amount in a strategic funding round. Fintech startup LEO1 also announced an undisclosed funding amount from Indian cricketer Rohit Sharma.

Health tech startup Alyve Health raises $5.5 million funding from Axilor Ventures, others

Economic TimesEconomic Times · 1y ago
Health tech startup Alyve Health raises $5.5 million funding from Axilor Ventures, others
Medial

Indian health tech startup Alyve Health has raised $5.5 million in a funding round led by Axilor Ventures. The company plans to use the funds to improve its platform, expand its team, and grow its operations. Alyve Health offers comprehensive health plans that incorporate services like doctor consultations, diagnostics, medicine purchases, insurance, dental procedures, and gym memberships. It aims to provide personalized healthcare options to individuals and employers by integrating with insurers, brokers, financial institutions, clinics, diagnostic centers, and fitness studios. The startup currently has more than 1.1 million users and intends to hire 30 to 50 employees in the coming year.

Exclusive: Even Healthcare raises $20 Mn led by Khosla Venture

EntrackrEntrackr · 11m ago
Exclusive: Even Healthcare raises $20 Mn led by Khosla Venture
Medial

Healthcare company Even Healthcare has raised Rs 169 crore (approximately $20 million) in a new round led by Khosla Ventures. The fresh funding for the Bengaluru-based firm has come after a gap of 20 months. The board at Even has passed a resolution to issue 2,17,589 preference shares at an issue price of Rs 7,762 each to raise Rs 169 crore or $20 million, its filing sourced from the Registrar of Companies shows. Khosla Ventures led the round with Rs 83.4 crore or $10 million while Pathfinder and Mercury Fund invested Rs 21.3 crore and 26.9 crore, respectively. Simon Fiduciaria, DLB Ventures, Lex Italia, 8 VC, Rainmatter fintech, and others cumulatively injected the rest amount. Even Healthcare has also expanded its employee stock option (ESOP) pool, adding new options that bring the total pool size to 1,35,000, according to a separate resolution filed by the company. According to Entrackr’s estimates, its ESOP size is worth $12 million. As per startup data intelligence platform TheKredible, the company has been valued at around Rs 753 crore or $91 million post-allotment. Even offers subscription-based plans to cover diagnostics, consultations, and hospitalization costs of up to Rs 50 lakh. According to the company, it only partners with those hospitals that guarantee the care of its members in exchange for a recurring payment. Launched by Mayank Banerjee, Matilde Giglio and Alessandro Lalongo, Even also offers personalized managed care programs and provides Even cards which can be used to pay bills at its partner hospitals and labs. Even claims to have an advantage over medical insurance as it provides unlimited OPD consultations and diagnostics. The company has raised approximately $40 million to date, including $15 million from Alpha Wave and Aspada in November 2022, and an initial $5 million in seed capital led by Khosla Ventures in 2021. Entrackr exclusively reported about its seed funding in July 2021.

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