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Hyderabad's startup Monitra Health raises $1.5M for domestic expansion, international certification

IndianStartupNews

IndianStartupNews · 1y ago

Hyderabad's startup Monitra Health raises $1.5M for domestic expansion, international certification

Hyderabad-based healthtech startup Monitra Health has raised $1.5 million in a pre-Series A funding round. The funding, led by Equanimity Ventures and Kotak Alternate Asset Managers, will be used for domestic expansion, international certifications, and product development. Monitra Health's flagship product is upBeat, India's first full-stack remote cardiac monitoring platform. The startup aims to expand its distribution network across India and venture into international markets. It also plans to diversify its platform to include monitoring for stroke, high-risk pregnancy, diabetes, and more.

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Evaro Raises $1.5M in Seed Funding

Finsmes · 1y ago

Evaro Raises $1.5M in Seed Funding

London-based digital health startup Evaro has secured $1.5 million in seed funding. The company plans to use the funds to expand its B2B market presence by offering a plug-and-play product that allows consumer brands to offer managed medication prescription services to their customers. Evaro aims to grow its medication catalogue from 200 to 2,000 treatments, covering 70% of minor health issues. It also intends to obtain its Care Quality Commission (CQC) license for more comprehensive patient care, including diagnosis and therapy initiation. Evaro uses AI and machine learning to provide AI-driven consultations and private prescription medication.

Practo appoints TVG Krishnamurthy, Alexander Kuruvilla to board of directors

Economic Times

Economic Times · 11m ago

Practo appoints TVG Krishnamurthy, Alexander Kuruvilla to board of directors

- Healthcare startup Practo appoints TVG Krishnamurthy and Alexander Kuruvilla as new directors. - The appointments aim to expand the business and leverage artificial intelligence (AI) for improved health outcomes. - TVG Krishnamurthy has extensive experience in both multinational corporations and domestic enterprises. - Alexander Kuruvilla, former chief healthcare strategy officer, has also served as the CEO of Medica Synergie. - Practo plans for full-year profitable growth in FY25 by creating innovative products and exploring international expansion.

3DNextech Raises €1.5M in Funding

Finsmes · 1y ago

3DNextech Raises €1.5M in Funding

Italian startup 3DNextech has secured €1.5m in funding for its additive manufacturing and 3D printing solutions for the plastics industry. The round was led by EUREKA! Venture SGR and RoboIT, with participation from Toscana Next and undisclosed angel investors. The funding will be used to expand the company's operations and business reach. 3DNextech was founded as a spin-off of the Sant’Anna School of Advanced Studies in Pisa and has developed a chemical-physical process that makes plastic objects malleable and ready for finishing operations. The company aims to target various sectors, including automotive, design, nautical, and medical.

GMR Airports raises stake in Delhi airport to 74% as Germany's Fraport exits

VCCircle

VCCircle · 11m ago

GMR Airports raises stake in Delhi airport to 74% as Germany's Fraport exits

India's GMR Airports Infrastructure has increased its stake in Delhi International Airport to 74% by purchasing Germany's Fraport's 10% interest for $126 million. The Airports Authority of India will retain its 26% stake in the airport. The deal follows the collapse of the airport's roof due to heavy rainfall last month. GMR Airports also has stakes in Hyderabad's Rajiv Gandhi International Airport and Goa's Manohar International Airport. Fraport expects the deal to help reduce its debt and is anticipating a closing within 180 days, pending approval from the Airports Authority of India and GMR shareholders.

Everstone-backed stent maker Translumina raises pre-IPO funding

VCCircle

VCCircle · 8m ago

Everstone-backed stent maker Translumina raises pre-IPO funding

Everstone-backed stent maker Translumina Therapeutics, which manufactures cardiac stents and cardiovascular medical devices, has raised pre-IPO funding from domestic and international family offices. The India-focused private equity firm, Everstone Capital, backs Integris Health Pvt. Ltd, the parent company of Translumina Therapeutics. With this funding, Translumina aims to strengthen its position as one of the largest cardiac stent manufacturers in India.

Grapevine: Kreditbee closer to shifting base to India; Stable Money raises funds

VCCircle

VCCircle · 1y ago

Grapevine: Kreditbee closer to shifting base to India; Stable Money raises funds

Kreditbee, a lending startup backed by Premji Invest and Advent International, is reportedly making progress towards relocating its headquarters from Singapore to India. This move is aimed at facilitating a domestic IPO. The startup is expected to secure another round of funding before filing for the IPO. Additionally, Stable Money has successfully raised funds, marking a positive development for the organization.

ET Soonicorns Sundowner in Hyderabad sets the table for India’s product-first startup future

Economic Times

Economic Times · 24d ago

ET Soonicorns Sundowner in Hyderabad sets the table for India’s product-first startup future

At the inaugural ET Soonicorns Sundowner in Hyderabad, key founders and investors discussed India's emerging product-first startups. The event highlighted Hyderabad's rising status as an innovation hub, featuring discussions on talent, deep tech, and AI's volatility. Speakers emphasized the city's cultural and cost advantages, advocating for patient capital and the importance of adaptability in entrepreneurship. The event set a high standard for future Sundowners and underscored Hyderabad's potential in shaping India's startup future.

Audit Saas startup AuditCue raises $1.5M led by Kalaari Capital

IndianStartupNews

IndianStartupNews · 1y ago

Audit Saas startup AuditCue raises $1.5M led by Kalaari Capital

Chennai-based startup AuditCue has raised $1.5 million in a seed funding round led by Kalaari Capital. The funding will be used for product development, expanding the engineering team, and entering new markets. AuditCue aims to transform the risk and audit experience for auditors and auditees, speeding up audit cycles and improving process resiliency. The company plans to target regulated markets and disrupt the global audit and GRC market.

Oura scores initial win in US patent case against Ultrahuman

Economic Times

Economic Times · 3m ago

Oura scores initial win in US patent case against Ultrahuman

The Finnish wearable tech startup Oura secured an initial victory in a patent infringement case against Indian firm Ultrahuman and Chinese competitor RingConn. The US International Trade Commission judge determined the companies potentially infringed Oura's smart ring patents, which encompass health tracking technologies. Ultrahuman disputes the findings, expressing confidence in their position. With future import assessments pending, Ultrahuman is considering boosting its US-based production despite possible increased costs while pursuing additional funding for international expansion.

B2B sourcing startup Bidso raises $1.5M led by PeerCapital, others

IndianStartupNews

IndianStartupNews · 2y ago

B2B sourcing startup Bidso raises $1.5M led by PeerCapital, others

Technology-enabled B2B sourcing startup Bidso has raised $1.5 million or Rs 12.42 crore in a funding round led by PeerCapital, with participation from DeVC and angel investors

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