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Exclusive: Healthtech startup Dozee to raise $10 Mn in debt

EntrackrEntrackr · 3m ago
Exclusive: Healthtech startup Dozee to raise $10 Mn in debt
Medial

Healthtech startup Dozee is set to raise $10 million (Rs 86 crore) in debt funding from Stockhausen International Pte Ltd, its second debt infusion in four months after a $7 million investment in March this year. The board at Dozee passed a resolution to offer 7,545 Series B optionally convertible debentures at a face value of Rs 1,14,074 each to raise the aforementioned amount, according to its regulatory filing with the Registrar of Companies (RoC). The proceeds from this funding will be used for business operations, development, and lending to subsidiaries outside India, the filing added. Founded in 2015, Dozee provides remote health monitoring solutions through devices that track heart health, respiration, sleep quality, and stress levels. Dozee’s offerings include Shravan, an AI-powered device for early hearing screening and rehabilitation, and smart mat, a contactless device placed under a mattress to monitor vital signs like heart rate, respiration, stress, and sleep patterns. Dozee is one of the fastest-growing players in Remote Patient Monitoring (RPM) and Early Warning Systems (EWS), and has recently earned the CE Mark under the EU MDR 2017/745, a global benchmark for medical device safety and efficacy. According to startup data intelligence platform TheKredible, the Prime Venture Partners-backed company has raised around $38 million to date, including debt, from investors such as Yournest, 3One4 Capital, and Prime Venture Partners. While the firm is yet to report FY25’s numbers, it reported Rs 5 crore in operating revenue for FY24. The Bengaluru-based company narrowed losses by nearly 20% to Rs 68 crore from Rs 84.4 crore in FY23.

JustDeliveries raises $1 Mn in pre-Series A round

EntrackrEntrackr · 1y ago
JustDeliveries raises $1 Mn in pre-Series A round
Medial

Logistics solutions for perishables JustDeliveries has raised $1 million in its pre-Series A round led by Nabventures. Faad Network, Anay Ventures, Caret Capital and Mahansaria Family Office have also participated in the round. The proceeds will be used to deepen its logistics network across regions including Bengaluru, Mumbai, Pune and the national capital region, the company said in a press release. It will also launch operations in Hyderabad. Within the next 3-4 years, JustDeliveries plans to extend its presence to 8-10 cities across India. Founded in 2022 by Mahansaria, JustDeliveries solves the challenges of fragmented cold supply chain for perishables and works with leading QSRs, café chains, and brands with fresh and frozen products. Nabventures, a subsidiary of the Indian government’s National Bank for Agriculture and Rural Development (Nabard) invests in agritech, foodtech, rural fintech, healthtech and edtech startups. Its other investments include Unnati, Jai Kisan and TenderCuts in the food and agricultural space.

Zinit raises $8 Mn in seed round led by AltaIR Capital

EntrackrEntrackr · 14d ago
Zinit raises $8 Mn in seed round led by AltaIR Capital
Medial

Zinit raises $8 Mn in seed round led by AltaIR Capital AI-driven procurement platform Zinit has raised $8 million in a seed round led by AltaIR Capital, valuing the company at $48 million. Early-stage investor DVC, known for backing Perplexity, also participated and will support Zinit’s AI roadmap. The proceeds will be used for product development and global expansion. As part of its worldwide push, Zinit has appointed Michel Boczko as Regional Director for Latin America and Stan Moskovtsev (ex-McKinsey) as CEO for the US. The firm has also appointed Naveenn Suri as Regional Director for India to drive enterprise adoption in the local market. Suri earlier led EY’s SAP Ariba practice and has over two decades of experience in procurement and supply-chain transformation. Zinit is targeting India as one of its fastest-growing markets as enterprises move to digital procurement. The platform claims to automate supplier discovery, RFP creation and multi-round negotiations for enterprises. It says procurement teams using Zinit can cut sourcing cycles by up to 40% and reduce costs by up to 30%. The brand said it already works with more than 100 enterprise clients, including Bacardi India, UFLEX Limited and United Colors of Benetton, and has built a network of over 100,000 suppliers. Zinit operates through a success-fee and SaaS-based pricing model and provides audit-ready trails for compliance.

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