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Healthcare platform Raaz App raises $1 Mn led by Fireside Ventures

EntrackrEntrackr ยท 10m ago
Healthcare platform Raaz App raises $1 Mn led by Fireside Ventures
Medial

Healthcare platform Raaz App has raised $1 million in a funding round led by early-stage venture fund Fireside Ventures. The round also witnessed participation from Campus Fund, Altaf Saiyed, Better Capital founder Vaibhav Domkundwar, and others. The proceeds will be used to enhance the platform, expand its services and reach, invest in clinical trials, develop tech-enabled treatment protocols, and run awareness campaigns, Raaz App said in a press release. Co-founded in 2023 by Akash Kumar and Harshit Kukreja, Raaz App is a healthcare platform that offers reproductive health services for men. The company aims to provide access to quality information and treatment for men's reproductive health issues. The platform offers evidence-based treatment programs and provides consultancy services. According to the Bengaluru-based startup, it offers personalized, evidence-based treatment plans for conditions such as erectile dysfunction and premature ejaculation. The full-stack platform provides doctor-led teleconsultations, medicines, diagnostics, counseling, and lifestyle guidance. Raaz says that each patient is assigned a doctor and a personal health concierge who monitors their progress. The platform primarily serves tier II and tier III cities, with a focus on providing treatment in local languages. It is also building a data engine that contains anonymized case histories of many patients, analyzing which interventions were most effective in each case. It also examines the different variables in each case and identifies lifestyle habits. Raaz aims to onboard 50,000 users by next year and will partner with diagnostic providers to develop new treatment protocols. Going forward, it will explore the fertility sector while also expanding into new regions.

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Exclusive: Pilgrim raises $9 Mn with 3X valuation surge

EntrackrEntrackr ยท 1y ago
Exclusive: Pilgrim raises $9 Mn with 3X valuation surge
Medial

Beauty and personal care D2C firm Pilgrim has raised Rs 75 crore (approximately $9 million) in its extended Series B round led by Fireside and Vertex Ventures. The board at Pilgrim has passed a special resolution to issue 854 Series B1 and B2 preference shares at an issue price of Rs 8,77 655 each to raise Rs 75 crore or $9 million, its regulatory filing accessed from the Registrar of Companies shows. Fireside and Vertex Ventures pumped in Rs 25 crore and Rs 23 crore, respectively. NSFO Ventures, Mirabilis Investment, and NABS Vriddhi cumulatively invested Rs 27 crore during the round. The company will use these proceeds for expansion and general corporate purposes as decided by the board, the filings further added. According to the startup data intelligence platform TheKredible, the companyโ€™s valuation has soared to approximately Rs 2,075 crore (around $250 million) post-allotment. This marks an over threefold increase from its last funding round, of $20 million where the company was valued at $75 million. The firm may raise more funds in this round. With the recent funding, Fireside Ventures remains the largest external stakeholder with a 23% stake, followed by Vertex Ventures, which holds 11.2%. NSFO Ventures and Mirabilis Investment command 5.57% and 2.81% stakes, respectively. Founded by Anurag Kedia in 2019, Pilgrim offers more than 90 SKUs across face care, haircare, and skincare products, and fragrances in over 25,000 pin codes. The company said that it offers a wide range of products curated with ingredients from France, Korea, Spain, Australia, the Amazon Rainforest, and Swiss glaciers. The five-year-old firm has raised around $35 million across rounds including its $20 million Series B led by Vertex Ventures in 2023. The company posted 4.47X growth in scale to Rs 76 crore in FY23 from Rs 17 crore in FY22. In pursuit of growth, its losses also jumped 3X to Rs 23 crore in FY23. Pilgrim is yet to file annual results for FY24.

Fast Fashion brand Newme to raise $12 Mn at $112 Mn valuation

EntrackrEntrackr ยท 2d ago
Fast Fashion brand Newme to raise $12 Mn at $112 Mn valuation
Medial

Women-focused fast fashion brand Newme has kicked off a Series B round with Rs 108.66 crore (approximately $12 million) co-led by existing investors Accel India, Fireside Ventures, and with the participation of new investor Point72 Ventures and others. Newme had secured $18 million in a Series A round led by Accel in July last year. The Newmeโ€™s board passed a special resolution to issue 3,447 Series B CCPS at an issuance price of Rs 3,15,231 per share to raise the amount as mentioned earlier, according to its regulatory filing with the Registrar of Companies (RoC). Accel India and Fireside Ventures will each invest Rs 36.94 crore ($4 million), while Point72 Ventures will join the captable with Rs 26.38 crore ($3 million). AUM Ventures, 2am Ventures, and A, Paul SRC SPV V, LLC will contribute the remaining amount. According to Entrackrโ€™s analysis, the D2C firmโ€™s valuation is set to rise by about 41% to Rs 988 crore ($112 million), compared to its earlier valuation of Rs 700 crore during the Series A funding round. Founded by Shivam Tripathi, Sumit Jasoria, Himanshu Chaudhary, and Vinod Naik, the Bengaluru-based startup sells women-centric products targeting Gen Z, across both online channels and offline stores. According to its website, the companyโ€™s app has more than 7 million downloads, and it operates 16 offline outlets across cities, including Bengaluru, Mumbai, New Delhi, Chandigarh, Pune, and Hyderabad, among others. According to startup data intelligence platform TheKredible, Newme has raised over $23 million across two funding rounds, including its seed round in January 2024. Following the latest infusion, Fireside Ventures will become the largest external shareholder with a 19.27% stake, followed by Accel India at 17.06%, while new investor Point72 Ventures will hold 2.67%. The companyโ€™s co-founders will collectively retain 31.45% ownership. Financially, Newme reported Rs 48.28 crore in operating revenue for the fiscal year ended March 2024, with a loss of Rs 35.75 crore. The company has yet to disclose its FY25 financials.

Jobizo raises $1.4 Mn led by Alkemi Growth Capital

EntrackrEntrackr ยท 9m ago
Jobizo raises $1.4 Mn led by Alkemi Growth Capital
Medial

Jobizo raises $1.4 Mn led by Alkemi Growth Capital Healthcare HRtech firm Jobizo has raised $1.4 million in its pre-series funding round led by Alkemi Growth Capital. This investment follows the $500,000 seed funding round led by AROA Ventures in 2022. The proceeds will be used to create 100,000 healthcare jobs in India and 3,000 jobs abroad within the next 18 months and aims to complete 10 million job hours over time. Co-founded by Naveen Trehan and Avishek Agarwal, Jobizo is an AI-powered platform that connects employers with skilled professionals. The platform has contributed to over 10 million additional patient care hours in India. By using its expanding investor network and market expertise, Jobizo aims to create a welcoming environment for the workforce and tackle skill gap issues. Post seed round, Jobizo's growth claims to have grown over 500%, facilitated over 20,000 jobs in India and international countries, and helped fill over 10 million job hours.

ReelSaga raises $2.1 Mn in seed round led by Picus Capita

EntrackrEntrackr ยท 6m ago
ReelSaga raises $2.1 Mn in seed round led by Picus Capita
Medial

ReelSaga, a mobile-first entertainment startup, has raised $2.1 million in a seed funding round led by Picus Capital. The round also saw participation from ITI Growth Opportunities Fund, Nazara Technologies, 8i Ventures, Waveform Ventures, Warmup Ventures, Bombay54, Bharat Founders Fund, and several angel investors. The proceeds will be used to enhance app development and produce high-quality, localized content targeted at mobile users in India, Southeast Asia, and the Middle East regions. Founded in 2024 by Shubh Bansal, Shanu Vivek, and Ritesh Pandey, ReelSagaโ€™s platform offers vertical, short-form dramas ranging from 1โ€“2 minutes per episode, blending storytelling with quick, binge-worthy content. The founders, who previously co-founded Truebil (later acquired by Spinny), aim to redefine mobile entertainment through hyper-personalized content powered by data science and product innovation. Microdramasโ€”a popular format in China with over 5,000 series produced each yearโ€”are emerging as a mainstream entertainment choice. ReelSaga plans to introduce this trend to India with localized, emotionally engaging short episodes. ReelSagaโ€™s app is now live, marking its entry into Indiaโ€™s evolving digital entertainment landscape.

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