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Oncare bags $1 Mn in seed round led by Huddle Ventures

EntrackrEntrackr · 1y ago
Oncare bags $1 Mn in seed round led by Huddle Ventures
Medial

Oncare, a cancer care startup, has raised $1 million in its seed round led by Huddle Ventures. The round also saw participation from marquee institutional VCs such as TRTL Ventures, Cloud Capital, and DeVC. The proceeds will be used to expand its operations to 10 new centres across Delhi NCR, Bangalore, and Jaipur over the next two years. The funds will also be channelled towards team expansion and marketing efforts to raise awareness about the brand’s affordable cancer care solutions. Founded in 2023 by Deepak Kumar and Amar Sneh, Oncare is partnering with 50-100 bedded hospitals to create dedicated oncology wings. Through these partnerships, Oncare is reducing treatment costs by up to 40%. The brand claims to offer an affordable yet high-quality alternative to the expensive cancer treatment—often exceeding Rs 10 lakh in corporate hospitals. It also offers on-call nursing support to help patients manage side effects and anxiety associated with cancer therapies, without having to make unnecessary hospital visits. The startup is operational in South Delhi for the past 10 months and it has provided over 2,500 patients with guidance on treatment plans and claims to have completed over 500 treatment sessions. According to the annual Health of Nation report by Apollo Hospitals, the cancer burden in India is staggering, with yearly cases expected to rise from 1.39 million in 2020 to 1.57 million by 2025. However, high treatment costs, limited availability of oncology centres, and a shortage of specialised professionals are making cancer care inaccessible to millions.

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

EntrackrEntrackr · 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.

Irame.ai bags $1 Mn in seed round from SenseAI Ventures

EntrackrEntrackr · 8m ago
Irame.ai bags $1 Mn in seed round from SenseAI Ventures
Medial

Irame.ai, an AI-powered enterprise productivity and audit intelligence platform, has secured $1 million in its seed round from SenseAI Ventures, an AI-first venture capital fund. The proceeds will be used to accelerate Irame.ai to transform audit automation, anomaly detection, and enterprise compliance through AI-driven insights. Founded by Kapil Arora, Irame.ai streamlines the knowledge processing and forecasting process. The framework enables users to design, develop, and launch AI-driven applications without coding. Its approach claims to deliver audits up to 3-4x faster while significantly reducing costs helping enterprises modernize governance with efficiency. Built by Rahul Agarwalla and Raja Gopalakrishnan SenseAI Ventures is a Rs 200 crore fund.

Exclusive: Wondrlab to raise fresh funds at $90 Mn valuation

EntrackrEntrackr · 2m ago
Exclusive: Wondrlab to raise fresh funds at $90 Mn valuation
Medial

Exclusive: Wondrlab to Raise Fresh Funds at $90 Mn Valuation Martech platform Wondrlab is set to raise Rs 40.8 crore (around $4.6 million) in a fresh funding round led by Wildflower Private Trust with the participation of existing investors Pi Ventures, Tanas Capital, and others. This is the first funding in four years for the marketing firm since it raised $7 million in its seed round in October 2021. The Wondrlab’s board passed a resolution to approve the issue of 7,744 preference shares and 500 equity shares at an issue price of Rs 49,472 each to raise the mentioned sum, according to its regulatory filing from Registrar of Companies (RoC). Wildflower Private Trust will be leading the round with a Rs 12.5 crore investment, while existing investors Pi Ventures and Tanas Capital will infuse Rs 9.85 crore and Rs 6.7 crore, respectively. The rest of the amount will be contributed by a group of angel investors including Nazara’s promoters Nitish Mittersain and Vikash Mittersain. The company will also allot equity shares to the co-founders of its recently acquired firm, BigStep Tech. According to Entrackr’s estimates, the Mumbai-based company will be valued at around Rs 796 crore or $90 million post-money. Founded in 2020 by Saurabh Varma, Vandana Verma, and Rakesh Hinduja, Wondrlab is a platform-first martech startup specializing in technology, digital, and programmatic advertising. Following the latest allotment, Pi Ventures will hold an 11.5% stake, while Tanas Capital will own 7.82%. New investor Wildflower Private Trust will acquire 1.5%, and the promoters will collectively retain a 60.53% stake. For the fiscal year ended March 2024, Wondrlab’s operating revenue tripled to Rs 189 crore from Rs 63 crore in FY23, while profit surged to Rs 11 crore. It has yet to file its FY25 numbers.

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