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InvAscent leads $13 Mn round in Geri Care Health Services

EntrackrEntrackr · 5m ago
InvAscent leads $13 Mn round in Geri Care Health Services
Medial

Snippets InvAscent leads $13 Mn round in Geri Care Health Services The fresh funds will be utilized to expand its services across key cities in Southern India, including Bengaluru, Hyderabad, Kochi, and Coimbatore, Geri Care said in a press release. Geri Care Health Services, an integrated senior citizen-focused healthcare services provider, has raised Rs 110 crore ($13 million) in a funding round led by InvAscent, investing through its India Life Sciences Fund IV (ILSF IV) for a minority stake in the company in its first institutional fundraise. Founded in 2018 by Lakshmipathy Ramesh, Geri Care offers a comprehensive 360-degree continuum care model for senior citizens, with a network of multi-specialty hospitals, assisted living centers, home care, and clinics exclusively for senior citizens. According to the Chennai-based company, it is also introducing first-of-its-kind specialty centers of excellence in geriatric oncology, geriatric urology, geriatric cardiology, and ortho-geriatrics through its chain of multi-specialty hospitals exclusively for elders. Geri Care claims to serve tens of thousands of elders in South India, particularly in Chennai. InvAscent is a life sciences private equity firm managing an AUM of over $800 million, with investments in over 35 companies across the pharma, healthcare delivery, medical devices, animal health, nutraceuticals, and healthtech industries.

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Lifetime Health raises $1.5 Mn in seed round

EntrackrEntrackr · 1y ago
Lifetime Health raises $1.5 Mn in seed round
Medial

Lifetime Health, a digital platform for at-home care, has secured $1.5 million in a seed round led by US-based venture capital firm The Garage Syndicate along with participation from other angel investors. The company had previously raised $900,000 in its last round from an existing investor. The fresh proceeds will be deployed towards further development, Lifetime Health said in a press release. Co-founded in 2023 by Konstantin Riabtsev, Michail Vorobiev and Nabil Ahmed, Lifetime Health is a digital platform for hospital-at-home care providing phlebotomy services, diagnostic tools, medical devices, nursing care, physiotherapy, and postoperative care all in one app. Its automated platform ensures fast, high-quality, and affordable service, from the client’s order to the nurse’s departure and results processing. Lifetime Health is currently operating in Bengaluru and its partner network includes 200 local clinics. It aims to reach major Indian cities and connect over 10,000 medical offices nationwide. intends to enable medical service orders at home for residents across Bangalore and its suburbs, and expand to Mumbai. The platform expects to have 1,000 doctors registered on the platform, with at least 300 of them becoming active users who can schedule appointments online, make appointments and recommendations, and maintain patient histories in digital format. The other startups in this space are Caresathome, CASAMED, Muse Diagnostic, Care24-India, and others.

Women health platform Newmi Care raises $1.5 Mn in Seed round

EntrackrEntrackr · 10m ago
Women health platform Newmi Care raises $1.5 Mn in Seed round
Medial

Newmi Care, a full stack outpatient care platform and clinics focused on women health & wellness, has raised $1.5 million in a Seed funding round led by Sprout Venture Partners. he round also saw participation from a leading family office, LetsVenture, Sarcha Advisors, Key Ventures Forum and a few angels investors. Newmi Care aims to build its women clinics in North & West India, enhance technology and product innovation and expand its team, the company said in a press release. Since its inception in May 2022, Newmi Care claims to have serviced more than 60,000 women across 400 cities in India covering health concerns ranging from menstrual, sexual and hormonal health, fertility & maternity, menopause and women reproductive organ cancers. Founded by Aditi Singh and Sanchit Agarwal, Newmi has launched women centric OPD insurance products along with leading insurers and the firm has 10 operational clinics in Delhi NCR. Early-stage VC fund Sprout is currently investing out of its Fund II. From its first fund, it has backed companies like Pixis, Ripplr, Fashor, Advantage Club, Goals101 and Fitso among others.

Nivaan Care raises $4.25 Mn led by Endiya Partners

EntrackrEntrackr · 5m ago
Nivaan Care raises $4.25 Mn led by Endiya Partners
Medial

Nivaan Care, a multidisciplinary chronic pain management clinic chain, has secured $4.25 million in its seed round led by Endiya Partners. The round also saw participation from existing investor W Health Ventures. The proceeds will be used to enable Nivaan Care to expand its reach to 10 new clinics across two cities. Founded in 2023 by Nivesh Khandelwal and Vishwas Singh, Nivaan focuses on providing multidisciplinary care through a biopsychosocial approach, which has proven to be over nine times more effective than traditional methods. Nivaan offers comprehensive care plans and minimally invasive procedures to its patients through its seven clinics. At Nivaan Care, patients get a team of pain management specialists, physiotherapists, psychologists, nutritionists, and care managers who create a comprehensive and personalized treatment plan. Nivaan Care claims to be treating over 10,000 patients and performing 1,400 procedures in just one and a half years.

Men’s sexual health brand Bold Care raises $5 Mn

EntrackrEntrackr · 5m ago
Men’s sexual health brand Bold Care raises $5 Mn
Medial

Men’s sexual health and wellness brand Bold Care has raised $5 million in a funding round co-led by Nithin Kamath’s Rainmatter, CaratLane co-founder Mithun and Siddhartha Sacheti, the Dhanani family, AVT Group, along with participation from Gruhas Collective Consumer Fund and NB Ventures. Entrackr exclusively reported on the deal in December. The proceeds will be used to strengthen research and development (R&D), scale the brand’s digital presence, and develop sexual health solutions for both men and women, Bold Care said in a press release. Co-founded in 2020 by Rajat Jadhav, Rahul Krishnan, Harsh Singh, Mohit Yadav, and actor Ranveer Singh, Bold Care provides solutions for issues such as premature ejaculation (PE) and erectile dysfunction (ED). It also offers condoms and lubricants and claims to have fulfilled over 30 lakh (3 million) orders so far. Bold Care has recently expanded into the women’s wellness sector with the launch of Bloom, offering solutions for women’s health concerns, including sexual health, personal hygiene, menopause, menstrual care, and pregnancy. The Mumbai-based startup currently sells its products through its own website, as well as on e-commerce platforms like Amazon, Flipkart, Myntra, and Meesho. It is also available on quick commerce platforms. According to market research, sexual health issues affect approximately 90-95 million men in India. For the fiscal year ending March 2024 (FY24), Bold Care’s revenue from operations increased by 6.67% to Rs 32.9 crore from Rs 30.90 crore in FY23. However, the company also reported a 21.46% increase in losses to Rs 19.3 crore in the last fiscal year. Bold Care competes with other D2C sexual and wellness brands, including Man Matters, Kindly, Sukham, Kapiva, and Sassiest, among others.

Watch Your Health raises $5 Mn in Series A round

EntrackrEntrackr · 1y ago
Watch Your Health raises $5 Mn in Series A round
Medial

Health-tech startup Watch Your Health has raised $5 million in a Series A round co-led by Cornerstone Ventures and Singapore-based Conquest Global. The fresh funds will be used to scale its operations and expand the user base both domestically and internationally and enhancing the company’s technological infrastructure and platform capabilities, Watch Your Health said in a press release. Co-founded in 2015 by Ratheesh Nair, Abhitosh Pandey, Jay Patel, Prachi Shinde, Prasanth Prabhakaran and Ashok Nair, Watch Your Health serves in business to business (B2B) space and helps insurers, and pharmaceutical companies to enhance the experience and improve the engagement with their customers. The platform’s advanced analytics provides personalised recommendations for customers on how to improve health, guidance on diet management, appropriate exercise regimes, and suggests lifestyle changes. According to the Mumbai-based company, it aims to introduce electronic behaviour records, mental health support, advanced predictive analytics for disease prevention, chronic disease management and post hospitalisation care programs. Watch Your Health has partnered with several healthcare providers including Watania Takaful and Shalina Healthcare in the UAE to integrate their services into its platform. It competes with HealthifyMe, GOQii, Zyla, Vitality, Sanlam and others.

Ai Health Highway bags $1 Mn led by Turbostart

EntrackrEntrackr · 9m ago
Ai Health Highway bags $1 Mn led by Turbostart
Medial

Health-tech startup Ai Health Highway has raised $1 million in a pre-Series A funding round led by Turbostart. This investment is part of a larger $1.5 million funding round, which includes co-investments from notable investors such as Rainmatter by Zerodha, The Chennai Angels, BITS BioCyTiH Foundation, and other angel investors. The proceeds will be used to solidify its presence in India, accelerate international regulatory approvals, and broaden its AI/ML offerings in the cardio-respiratory domain, Ai Health Highway stated in a press release. Founded in 2018 by Satish Jeevannavar, Ai Health Highway focuses on providing tech-enabled screening tools that aid in the early detection of non-communicable diseases (NCDs) and improve healthcare accessibility through its AI-enabled stethoscope, AiSteth. The company aims to reduce global premature deaths from NCDs by 30% by 2030. According to Ai Health Highway, AiSteth empowers cardiac care by assisting healthcare professionals and non-specialists in interpreting heart sounds to support accurate clinical decisions. It utilizes advanced AI and signal processing to transform traditional stethoscopes into powerful screening tools capable of detecting life-threatening cardiac disorders at an early stage. The AI-enabled stethoscope seamlessly integrates into existing workflows, equipping primary care providers with high-quality heart sound capture, analysis, and data-sharing capabilities, thereby enhancing the accessibility and affordability of healthcare solutions.

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