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Healthcare finance startup Icanheal raises Rs 15 crore funding from IvyCap Ventures
Economic Times
ยท
1y ago
Medial
Mumbai-based healthcare financing startup, Icanheal, has secured Rs 15 crore in funding from IvyCap Ventures. The funds will be utilized to expand operations, hire more staff, invest in technology, and expand geographically. Icanheal offers personalized healthcare financing solutions, with a focus on critical care diseases like cancer. The funds will help the startup in making advanced treatments more affordable and accessible. IvyCap Ventures, which invested in around 50 companies across various sectors, aims to democratize access to healthcare and improve patient adherence. The firm's founder, Vikram Gupta, will join Icanheal's board.
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Blume, IvyCap, Unilever Ventures bet on three startups
VCCircle
ยท
1y ago
Medial
Ride-hailing platform Namma Yatri, skincare brand SkinInspired, and healthcare-focused fintech startup Icanheal have secured early-stage funding. Namma Yatri raised $11 million in a pre-Series A funding round led by Blume Ventures and Antler, with participation from Google. SkinInspired received $1.5 million in seed funding led by Unilever Ventures, and Icanheal secured $1.8 million in seed funding from IvyCap Ventures. The funds will be used for technology development, research and development, product development, and platform scaling for the respective startups.
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Total emergency network, Maidaan raises early-stage funding
VCCircle
ยท
1y ago
Medial
Healthcare logistics startup Total Emergency Network has secured Rs 2 crore in seed funding from Biorx Venture Advisors and undisclosed high-net-worth individuals. The Hyderabad-based startup offers a healthcare-focussed logistics platform, providing ambulance services and medical personnel within 15 minutes across India. Social entertainment platform Maidaan has also raised an undisclosed amount in a pre-seed funding round led by Inflection Point Ventures and EvolveX. Maidaan hosts live olympiads and tournaments for school children and aims to provide exposure and opportunities beyond school education.
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Fireside-backed petcare startup Supertails snags Series B cheque
VCCircle
ยท
1y ago
Medial
Supertails, a petcare startup backed by Fireside Ventures, has raised Rs 125 crore ($15 million) in Series B funding. The round was led by RPSG Capital Ventures and saw participation from existing investors, including Fireside Ventures, Saama Capital, DSG Consumer Partners, and Sauce VC. Supertails plans to use the funding to acquire new customers, invest in technology, and expand its healthcare services. The Bengaluru-based startup aims to achieve an annual recurring revenue of Rs 500 crore in the next two years.
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GradRight helping students make informed decisions raises Rs 50Cr in a Series A round
IndianStartupNews
ยท
1y ago
Medial
Edtech-focused fintech startup GradRight has secured Rs 50 crore ($6.7 million) in a Series A funding round led by IvyCap Ventures. The platform connects students, universities, and lenders using AI to help students secure scholarships, grants, and loans, while aiding universities in finding suitable students. The funding will be used to enhance technology, expand products, scale operations, and meet growing demand. GradRight has processed loan requests of over $1.75 billion and assisted more than 55,000 students in the past two years, with partnerships covering 15 lenders and 50 international academic institutions.
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Laiqa Seeks To Capitalise On Its Femtech Offerings With Funding From IvyCap
Inc42
ยท
11m ago
Medial
Gurugram-based startup Laiqa Wellness has raised INR 15 crore in seed funding from IvyCap Ventures. Laiqa offers personalized health tech solutions through its MyLAIQA app, using AI to provide health advice tailored to users' menstrual cycles. The funding will be used to expand Laiqa's user base and develop sustainable health products that combine modern techniques with Ayurvedic principles.
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Chronic pain management platform FlexifyMe raises Rs 10Cr led by IvyCap Ventures, Flipkart Ventures
IndianStartupNews
ยท
1y ago
Medial
Pune-based chronic pain management platform FlexifyMe has raised Rs 10 crore in a seed funding round co-led by IvyCap Ventures and Flipkart Ventures. The startup aims to revolutionize chronic pain management by integrating advanced technology with progressive exercises and plans to aid one million individuals in finding relief from chronic pain by 2027. The funding will be used to enhance their platform and incorporate cutting-edge technology. FlexifyMe also aims to assist corporates in understanding ergonomic challenges and improving employee productivity.
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Slice raises debt funding from Stride Ventures
Entrackr
ยท
1y ago
Medial
Slice, the fintech unicorn and credit card alternative, has raised Rs 75 crore ($9 million) in debt funding from Stride Ventures, marking its maiden funding in 2023. The company issued non-convertible debentures with an interest rate of 14.25% per annum, and the tenure for this allotment is 15 months. This debt round has the potential to reach Rs 300 crore ($35 million). Slice recently announced its merger with North East Small Finance Bank (NESFB) and has raised a total of $340 million to date.
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Healthcare startup Welcome Cure raises Rs 4Cr from Gurugram's Inflection Point Ventures
IndianStartupNews
ยท
1y ago
Medial
Healthcare startup Welcome Cure has secured over Rs 4 crore in a pre-series A funding round led by Inflection Point Ventures (IPV). The funds will be utilized for growth, including talent acquisition, technology improvement, and marketing efforts. Welcome Cure is a homeopathy technology startup offering holistic healthcare solutions. They aim to raise over Rs 16 crore in this ongoing funding round. The homeopathy industry is valued at over $7 billion with a growth rate of 18% CAGR, indicating significant growth potential.
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Supertails, a full-stack pet-care startup, raises Rs 125 crore in a Series B round
IndianStartupNews
ยท
1y ago
Medial
Bengaluru-based startup Supertails has raised Rs 125 crore ($15 million) in a Series B funding round led by RPSG Capital Ventures. The funds will be used for strategic expansion, including launching physical stores, expanding product offerings, and strengthening healthcare services. Supertails aims to open trial stores in key cities and plans to recruit 50 veterinary doctors for offline and online services. The company also seeks to enhance its technological capabilities and increase revenue from its private label brands. Supertails serves over 18,000 pin codes in India and aims to achieve Rs 500 crore in annualized revenue within two years.
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Dhruva Space raises $15 Mn in Series A round
Entrackr
ยท
1y ago
Medial
Space tech startup Dhruva Space has raised $15 million (Rs 123 crore approximately) in its Series A round from Indian Angel Network Alpha Fund and Blue Ashva Capital, as well as Silverneedle Ventures, BIG Global Investment JSC (BITEXCO Group) IvyCap Ventures, Mumbai Angels, and Blume Founders Fund. The fundraise also includes a Rs 10 crore venture debt from Small Industries Development Bank of India (SIDBI) and a Rs 14 crore venture debt from Technology Development Board. The proceeds will be used for upcoming spacecraft manufacturing facilities, strategic business acquisitions, and enhancing product offerings, the company said in a press release. Founded by Sanjay Nekkanti and Chaitanya Dora, Dhruva Space has launched as many as eight payloads in the last 24 months, including the Thybolt satellites mission in November 2022 and the LEAP-TD mission on 01 January 2024. The Hyderabad-based startup is active across space, launch, and ground segments, and supports civilian and defence clients worldwide. It offers satellites teamed with Earth Station/s and Launch Services as an integrated solution or individually as technology solutions to power space-based applications on Earth and beyond. Over the past few years, several space tech startups such as Agnikul Cosmos, Skyroot Aerospace, Pixxel, Bellatrix, GlaxEye, Dhruva, Vesta Space, Digantara and InspeCity have managed to raise decent funding. In June last year, spacetech startup Digantara raised $10 million in Series A1 funding led by Peak XV Partners (formerly Sequoia Capital India) and Kalaari Capital. In the same month, Pixxel scooped up $36 million in a series B funding round from new investors such as Google.
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