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MedySeva raises Rs 4 Cr led by Unicorn India Ventures

EntrackrEntrackr · 3m ago
MedySeva raises Rs 4 Cr led by Unicorn India Ventures
Medial

Healthtech startup MedySeva has raised Rs 4 crore in a seed round led by Unicorn India Ventures. The proceeds will be used to expand phygital healthcare clinics across tier-II and tier-III locations, upgrade its telemedicine platform, strengthen digital infrastructure, increase patient outreach, and build on-ground operations and clinical support teams. Founded in 2022 by Dr. Vishesh Kasliwal, MedySeva provides teleconsultation and in-person doctor services through a hybrid healthcare model for rural and semi-urban regions. The company connects patients to doctors across medical specialities using a central telemedicine platform supported by physical clinics. MedySeva claims to have delivered 1,00,000 consultations in the last 12 months with a 60% repeat-patient rate. The firm aims to scale to 2 lakh annual consultations in 18 months. It has partnered with medical colleges to set up satellite clinics and onboarded doctors from 10 medical specialties. The brand has also tied up with pharmacies and healthcare providers to build a local care network. MedySeva plans to open over 500 phygital healthcare centres across India over the next 18–24 months and enter five new states through institutional and state-level partnerships. MedySeva competes with primary healthcare and telemedicine players such as Practo, Medibuddy, Clinikk, HealthPlix, CureBay, and eSanjeevani in rural and semi-urban healthcare access.

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StampMyVisa raises Rs 4 Cr in bridge round led by Unicorn India Ventures

EntrackrEntrackr · 3m ago
StampMyVisa raises Rs 4 Cr in bridge round led by Unicorn India Ventures
Medial

Snippets StampMyVisa raises Rs 4 Cr in bridge round led by Unicorn India Ventures B2B visa processing platform StampMyVisa (SMV) has raised Rs 4 crore in a bridge round led by existing investor Unicorn India Ventures (UIV). The fresh capital will be used for growth, marketing and to support the company’s recent acquisition of Kunal Shah backed Teleport, which expands its operations in South India. Unicorn India Ventures had earlier invested Rs 6.6 crore in StampMyVisa during its seed round last year. The company aims to use this bridge round to achieve key milestones before raising a larger Series A round in the next financial year. StampMyVisa said it has achieved 4 times growth in revenue while maintaining a 99.5% visa success rate, processing more than 75,000 visas in the past six months. Its proprietary AI engine Nucleus automates and validates visa documentation for over 80 countries. The company recently introduced new products including SMV Insure, which refunds the booking value if a visa is rejected, and SMV Global, an eSIM service offering international connectivity at lower cost than regular roaming. It plans to expand into GCC markets and build fintech infrastructure with embedded credit and payment solutions for small and medium businesses. The platform targets to process 80% of visa applications within five minutes, compared to the current industry average of two days. In August 2025, StampMyVisa acquired travel tech startup Teleport, a consumer facing player backed by founders including Kunal Shah, Vidit Aatrey and Phanindra Sama. It competes with Atlys, Visa2Fly and StampThePassport.

Finsall raises Rs 15 Cr led by Unicorn India Ventures and Seafund

EntrackrEntrackr · 1y ago
Finsall raises Rs 15 Cr led by Unicorn India Ventures and Seafund
Medial

Insurance-first BNPL startup Finsall has raised Rs 15 crore ($1.8 million) in a bridge round led by Unicorn India Ventures and Seafund with additional involvement from other institutional investors. In January 2022, Unicorn India Ventures and Seafund had led Rs 12 crore ($1.45 million) pre Series A round in Finsall. The proceeds will be used for setting up an NBFC to scale lending operations and deliver more value to its customers in insurance premium financing, the company said in a press release. Finsall has launched credit as a service (CaaS) platform, which is a plug and play model designed to help its customers benefit by simply choosing the insurance products they need to offer credit for without the complexity of building separate credit or lending software systems. Finsall claims to have seen a 9X revenue growth over the last two years. The firm is serving customers across 8,000 locations in India and has seen major growth in the non-life insurance segments. In FY24, Finsall grew at an average M-O-M growth rate of 18% in insurance premiums. As per the company, it is on track to achieve a 4X increase in revenue for the fiscal year 2025.

Unicorn India Ventures closes Fund III at Rs 1,200 Cr

EntrackrEntrackr · 17d ago
Unicorn India Ventures closes Fund III at Rs 1,200 Cr
Medial

Unicorn India Ventures closes Fund III at Rs 1,200 Cr Deeptech-focused venture capital firm Unicorn India Ventures has closed its third fund at Rs 1,200 crore, surpassing its initial target of Rs 1,000 crore. LPs in Fund III include HNIs, UHNIs, family offices, and institutions. Backers include Sidbi, SBI, Nabard, and the state governments of Kerala, Madhya Pradesh, and Odisha. According to Unicorn India Ventures, the fund focuses on investments in semiconductors, spacetech, and AI infrastructure. The VC firm claims to have already seen strong early traction, with seven to eight portfolio companies witnessing substantial follow-on rounds. The fund will make 20 investments with an average ticket size of 10-15 crore. It plans to announce four investments in the coming months across quantum sensing, agritech, and spacetech. Across its three funds, the VC firm has built a portfolio of nearly 50 companies, with a total portfolio valuation of about $5 billion. The firm says that it is largely staying away from AI applications (SaaS) and focusing on AI infrastructure such as semiconductors, data centres, power, and enabling technologies. It is also actively exploring nuclear micro power generation as an enabler for AI. Another major trend playing out in the fund is the growing presence of academicians as startup founders. Four to five companies in Fund III are led by academicians, with one of them being a teaching academic. Unicorn India Ventures (UIV) is a Mumbai-based, SEBI-registered Alternative Investment Fund (AIF) launched in 2015 by Bhaskar Majumdar and Anil Joshi. It acts as an early-stage venture capital firm investing in technology-led startups, focusing on seed to pre-Series A rounds with investments ranging from Rs 1 to 10 crore. The firm supports B2B, SaaS, and DeepTech sectors, aiming to build, support, and scale companies, with over 60 investments to its credit.

Probus raises $5 Mn led by Unicorn India Ventures

EntrackrEntrackr · 1y ago
Probus raises $5 Mn led by Unicorn India Ventures
Medial

Probus raises $5 Mn led by Unicorn India Ventures IoT Communications and data analytics startup Probus Smart Things has raised $5 million in Series A1 led by Unicorn India Ventures. The round also saw participation from US-based and Indian family offices. The current round is a mix of equity and debt financing. Probus has raised over $8 million in funding to date including a $3 million Series A round in March 2023. The proceeds will be used for ramping up its current communications tech stack into multiple smart grid and renewable applications along with the development of existing expertise into AI integration with its patented communications and networking stacks. It will also be investing in scaling its innovative dual communications network interface modules for smart metering currently being deployed across various states in India. Founded by Anand Singh, Probus develops integrated hardware and software solutions for utility providers and helps digitize their distribution grid and have a clear visibility of their network through Probus integrated end-to-end IoT platform. Probus claims to have built an order pipeline of Rs 400 crore growing 10X in revenues while growing 3X year-on-year. The company has filed for 4 patents, tripled the team size, and opened an Innovation Center in Noida along with project offices in Mumbai and Ahmedabad.

ELIVAAS raises Rs 87 Cr in Series B round led by Vertex Ventures

EntrackrEntrackr · 6m ago
ELIVAAS raises Rs 87 Cr in Series B round led by Vertex Ventures
Medial

ELIVAAS raises Rs 87 Cr in Series B round led by Vertex Ventures Luxury vacation rental platform ELIVAAS has raised Rs 87 crore (approximately $10 million) in Series B funding led by Vertex Ventures Southeast Asia & India, with participation from existing investors Peak XV Partners’ Surge and 3one4 Capital. Entrackr had exclusively reported the development in April this year. In April 2024, the company raised $5 million in Series A funding led by 3one4 Capital, with participation from Peak XV Partners’ Surge and angel investors. The fresh proceeds will be used to expand its presence in India, prepare for entry into global markets, and invest in technology to scale operations. Sources indicate the company may have crossed Rs 500 crore in valuation. Founded in 2023 by Ritwik Khare and Karan Miglani, ELIVAAS manages luxury villas and apartments for short-term rentals. The platform serves both homeowners, by monetising and maintaining their properties, and travellers, by providing access to premium vacation accommodations. The company currently operates in 30 destinations across India and reported five-fold year-on-year revenue growth in FY25. While ELIVAAS has yet to disclose its FY25 numbers, the company recorded a revenue of Rs 7 crore and a loss of Rs 10.4 crore for the fiscal year ended March 2024, according to startup data intelligence platform TheKredible. Vertex Ventures Southeast Asia & India is an early-stage venture capital firm that partners with startups across Southeast Asia and India. It has invested in companies including Grab, FirstCry, Nium, Licious, Kuku FM, and PatSnap, supporting their growth across multiple sectors.

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures

EntrackrEntrackr · 8m ago
Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures
Medial

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures Defence-tech startup Armory has raised Rs 13 crore (around $1.5 million) in a funding round led by GrowX Ventures, with participation from Industrial 47, Antler, AC Ventures, Dexter Ventures, and several angel investors. The proceeds will be used to boost R&D, expand manufacturing, and speed up deployment. Founded in 2024 by Amardeep Singh, Armory develops indigenous counter-drone systems (C-UAS) capable of detecting, tracking, and neutralising rogue drones. Its flagship system, SURGE, has undergone field trials with multiple Indian Army units. The company’s technology is powered by Samaritan OS, an AI-led defence operating system offering real-time adaptability and continuous learning — features missing in traditional systems.

FutureCure Health raises Rs 104 Cr led by Carnelian Asset Management

EntrackrEntrackr · 1m ago
FutureCure Health raises Rs 104 Cr led by Carnelian Asset Management
Medial

FutureCure Health, a healthcare technology company focused on super-speciality care, has mopped up Rs 104 crore ($11.5 million) in a funding round led by Carnelian Asset Management LLP, with participation from other investors. The fundraising follows an earlier $4 million round in 2022 backed by Kotak Alternate Asset Management, RVCF Ventures, and Unicorn India Ventures. The fresh funds will be utilized to expand access to the diagnosis and treatment of vertigo, FutureCure Health said in a press release. Co-founded in 2015 by Rajneesh Bhandari and Anita Bhandari, FutureCure runs NeuroEquilibrium, its wholly owned subsidiary and a chain of vertigo and dizziness diagnostic and rehabilitation clinics. Unlike conventional approaches, NeuroEquilibrium focuses on identifying the root cause of vertigo, whether arising from the inner ear, the brain, or balance pathways, enabling targeted treatment rather than temporary relief. NeuroEquilibrium addresses a critical global gap in access to specialised neuro-otology care. By integrating advanced diagnostic systems, cloud-based remote platforms, and deep-tech innovation, it scales precision care beyond traditional urban centres, impacting patients worldwide while advancing cutting-edge medical technology. As NeuroEquilibrium scales across hospitals in India and globally and expands into chronic lifestyle diseases such as migraine and diabetes, it focuses on using technology to bridge the shortage of specialist doctors. Precise, scalable diagnostics can democratise super-speciality healthcare and act as a force multiplier for better outcomes. Working closely with hospitals, ENT clinics, and neurology centres, NeuroEquilibrium claims to operate over 300 clinics in India and 16 other countries and has enabled diagnosis and treatment for over 150,000 patients, significantly improving long-term outcomes.

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