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Even Healthcare raises $20 Mn led by Lachy Groom and Alpha Wave

EntrackrEntrackr · 14d ago
Even Healthcare raises $20 Mn led by Lachy Groom and Alpha Wave
Medial

Bengaluru-based managed care provider Even Healthcare has raised $20 million in a fresh funding round led by existing investors Lachy Groom and Alpha Wave, with participation from Sharrp Ventures. The new round comes within 15 months for Even Healthcare which had raised $30 million in Series A funding round in October 2024. With this round, the company’s total funding has reached $70 million, while its valuation has more than doubled over the past year. The proceeds will be used to expand Even Healthcare’s hospital footprint in Bengaluru and scale its managed-care hospital model. Founded in 2020, Even Healthcare operates a membership-based model combining primary care, diagnostics, and hospital services. Unlike traditional hospital systems, Even’s approach focuses on continuity of care and patient recovery rather than maximising admissions and length of stay. Care teams remain accountable across consultations, diagnostics, hospitalisation, and post-discharge recovery at home. Alongside the fundraise, Even said its first hospital achieved operating break-even within six months of launch. Since launching its first hospital in May 2025, Even claims to have tracked outcomes across its network, reporting no unplanned 30-day readmissions across more than 350 surgeries, zero post-operative infections in the cohort, and over 200 hospitalisations avoided through monitored home recovery. Average length of hospital stay was reported to be around 40% lower than comparable settings.

MS Dhoni backs electric cycle maker EMotorad

EntrackrEntrackr · 1y ago
MS Dhoni backs electric cycle maker EMotorad
Medial

Electric cycles maker EMotorad has raised an undisclosed amount in a new round from Indian cricketer Mahendra Singh Dhoni. Post investment, Dhoni will have equity ownership in EMotorad and will also become brand ambassador for the company. Earlier to this round, the startup had raised $20 million in a Series B round led by Panthera Growth Partners in November 2023. Founded in 2020 by Kunal Gupta, Rajib Gangopadhyay, Aditya Oza and Sumedh Battewar, EMotorad operates a network of over 350 dealers across India and over 10 experience centres. The company claims that it is sourcing approximately 70% of the components locally, and has sold over 80,000 electric cycles in the last three years. It further aims to expand to 100,000 electric cycles by FY25 globally. EMotorad competes with TrottleMotors, eLIFE, Motovolt, and Yulu, among several others. MS Dhoni’s investments include Garuda Aerospace, Rigi, Tagda Raho, Khatabook, Cars24.

Pristyn Care scales to 8 hospitals in 4 months

EntrackrEntrackr · 7m ago
Pristyn Care scales to 8 hospitals in 4 months
Medial

Pristyn Care has ramped up its hospital expansion strategy with the launch of three new digitally integrated hospitals in Gurgaon, Hyderabad, and Kochi, bringing its total number of owned facilities to eight, just four months after opening its first. This move also marks the startup’s entry into South India. Pristyn Care now operates a clinical footprint of 200,000 sq ft, comprising 400 beds, more than 20 modular operating theatres, over 50 ICU beds, and a team of over 550 medical professionals. The latest launch follows the company’s earlier announcement in February 2025, when it unveiled its first five hospitals within a span of just 75 days. That rapid rollout, focused around Delhi-NCR, was a significant pivot from Pristyn’s earlier asset-light model of partnering with hospitals to offering in-house surgical care. Now, with the addition of 90,000 sq ft across three cities, Pristyn is doubling down on its promise of accessible, seamless healthcare. Each new facility is being integrated with the company’s proprietary digital platform, which includes real-time clinical alerts, EMRs, express discharge tooling, and one-tap insurance approvals. “We are not starting from scratch; the technology is built and live. Our next task is to stitch it into each new hospital so patients experience shorter waits, clearer communication, and truly joined-up care," said Dr. Vaibhav Kapoor, Co-founder of Pristyn Care. Pristyn Care’s new hospitals bring tailored services to each city, Gurgaon boosts neonatal and women’s health; Hyderabad offers 24x7 trauma care and tech-led joint replacements; and Kochi adds emergency care with a riverside rehab wing for Kerala patients. Notably, Pristyn Care’s first hospital in Delhi hit double-digit profitability within eight weeks. With the strong performance metrics, the company is now targeting 50 hospitals by FY28, with upcoming launches in Mumbai, Bengaluru, and Pune.

Vikas Khemani’s Carnelian invests $15 Mn in Kimirica

EntrackrEntrackr · 5m ago
Vikas Khemani’s Carnelian invests $15 Mn in Kimirica
Medial

Vikas Khemani’s Carnelian invests $15 Mn in Kimirica Carnelian Asset Management LLP, led by market veteran Vikas Khemani, has invested around $15 million in luxury vegan self-care brand Kimirica. This partnership backs both wings of the business: Kimirica Hunter (KH), the manufacturer of hotel amenities, and Kimirica Lifestyle (KL), a D2C luxury beauty brand. The proceeds will be used to scale its omnichannel retail presence, and bring self-care experience to more consumers, Kimirica said in a press release. Launched in 2013 by Mohit, Rajat, Kimi, and Rica Jain, Kimirica began as a bootstrapped startup determined to disrupt an import-heavy industry where 90% of hotel toiletries came from China. A decade later, Kimirica has brought that number down to almost zero. Today, it exports to over 70 countries and partners with more than 10,000 luxury hotels and airlines, including Marriott, Hilton, Hyatt, Accor, Leela, and Air India. Kimirica has now expanded into the D2C retail space. A vegan, cruelty-free, and fair-trade-certified company, its portfolio covers skincare, body care, fine fragrances, luxury gifting, and home & wellness. Kimirica claims that it leads the gifting and bath & body segments, and sells products on Nykaa, Amazon, Tira, and quick commerce platforms. Its retail footprint is growing rapidly, with over 10 new experiential stores set to open across India and the Middle East. The brand continues to expand into high-growth categories: from fine fragrances to its latest men's grooming line, The Gentleman.

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