🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Neuro-rehabilitation startup Rymo Technologies secures Rs 10 Cr in seed round

EntrackrEntrackr · 7h ago
Neuro-rehabilitation startup Rymo Technologies secures Rs 10 Cr in seed round
Medial

Robotic neuro-rehabilitation startup Rymo Technologies has secured Rs 10 crore in a seed funding round led by IAN Group through its evergreen fund, along with participation from other angel investors. The proceeds will be used to accelerate product innovation, expand manufacturing capabilities, and strengthen the company’s presence across India, while also scaling into international markets, including ASEAN and the Middle East, Rymo Technologies said in a press release. Co-founded in 2020 by Chirag Shah and Abhishek Rai, Rymo Technologies is a healthcare technology startup that aims to transform physical rehabilitation through advanced robotics, virtual reality, and artificial intelligence. The company develops innovative, accessible, and affordable solutions, including its flagship Mobi-L system, to help individuals recovering from strokes, injuries, and neurological conditions regain mobility and independence. The Mumbai-based startup addresses a structural gap in neuro-rehabilitation. While the incidence of stroke and neurological disorders continues to rise globally, access to advanced rehabilitation remains limited due to a shortage of trained therapists and the high cost of robotic rehabilitation systems. According to Rymo, it has built a multi-layered technology foundation that combines patented hardware architecture, proprietary algorithms trained on patient data, and a modular system design. The company’s multi-joint robotic rehabilitation system is integrated with AI-driven therapy personalization and is designed to deliver measurable recovery outcomes. The company claims it has already demonstrated strong traction across the healthcare ecosystem, with more than 452 device installations and 354 clinical customers, including leading institutions such as AIIMS, Apollo Hospitals, and Manipal Hospitals. Rymo’s systems have supported over 7,500 patients, delivering more than 15,000 therapy hours, with studies indicating up to 25% faster recovery outcomes.

Related News

Cureous Labs raises Rs 1.66 Cr in seed round

EntrackrEntrackr · 7m ago
Cureous Labs raises Rs 1.66 Cr in seed round
Medial

Cureous Labs raises Rs 1.66 Cr in seed round Bengaluru-based medical technology startup Cureous Labs has raised Rs 1.66 crore in a seed round led by Inflection Point Ventures (IPV), with participation from Anthill Ventures. The proceeds will be used to manufacture the first batch of its flagship product Eturnal, build inventory, expand its sales and business development team, launch its first disinfection centre, and complete product safety testing and certifications. Cureous Labs also plans to expand its portfolio for B2B customers in India. Founded by Asish Mohandas, Cureous Labs develops automated patient repositioning systems to prevent pressure injuries and improve caregiver efficiency. Priced at one-fifth of international alternatives, the device is designed for hospitals, rehabilitation centres, and home care. According to the company, it has already logged over 30,000 hours of use and more than 14,000 automated patient turns. As per market research, the global market for elderly and bedridden patient care is valued at $277 billion. In India, the total addressable market is $8.34 billion.

CRED’s competitor CheQ secures $4.5 Mn

EntrackrEntrackr · 1y ago
CRED’s competitor CheQ secures $4.5 Mn
Medial

B2B credit management platform CheQ has raised Rs 35 crore or $4.2 million in its extended seed round from new and existing investors. The funding for the Bengaluru-based firm came after a gap of 18 months. The board at CheQ has passed a special resolution to issue 12,952 Seed1 cumulative convertible preference shares at an issue price of Rs 26,989 each to raise Rs 35 crore, its regulatory filing accessed from the Registrar of Companies (RoC) shows. 3one4 Capital invested Rs 12.49 crore while Venture Highway Fund and Multiply Ventures pumped in 6.24 crore and 2.08 crore, respectively. Individual investors including Lloyd Dizon Balajadia, Madhav Prakash Sehth, Vishal Gupta, and Deepk Tuli have collectively put in Rs 14.2 crore. As per filings, the company will use these funds for growth, expansion, marketing, and general corporate purposes as decided by the board. In June 2022, CheQ raised $10 million in Seed funding led by Venture Highway and 3one4 Capital. Following the fresh proceeds, 3one4 Capital holds 10.95% of the company while Venture Highway and Multiply Ventures command 11.45% and 2.49% respectively. It’s worth noting that these holdings exclude employee stock options and the firm’s cap table when we factor in the ESOP pool component. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 451 crore or $55 million (post-money) in the new funding round. Founded in 2022 by Aditya Soni, CheQ helps customers simplify the discovery and management of all credit products and allows you to pay your credit card bill, and EMI on a single platform. The startup has raised $15 million to date including its $10 million seed round led by Venture Highway and 3one4 Capital in June 2022. CheQ remained a pre-revenue stage firm with a revenue of only Rs 2 crore during the fiscal year ended March 2023. However, the losses for the three-year-old firm stood at Rs 19.4 crore in the same period. CheQ competes with fintech unicorn CRED which has secured around $1 billion to date and was valued at $6.4 billion in its last fundraise. According to the startup data intelligence platform TheKredibe, it posted Rs 1,400 crore in revenue with a loss of Rs 1,347 crore during FY23.

Halden secures Rs 5 Cr from Prajay Advisors

EntrackrEntrackr · 1y ago
Halden secures Rs 5 Cr from Prajay Advisors
Medial

Mumbai-based luxury men’s brand Halden has raised 5 Rs crore in a seed funding round led by Prajay Advisors. The fresh funds will be used to expand its market presence and product range, Halden said in a press-release. Co-founded in 2019 by Anuj Beriwal and Mukund Singhal, Halden aims to provide access to premium luxury products at an affordable price. The startup manufactures belts, sunglasses, accessories, travel goods and business essentials. Haldèn claims to have served over 1 lakh customers since inception from tier I and tier II cities. The startup intends to expand its offline presence and to enhance brand visibility, increase sales, and penetrate new online & retail markets. Halden empowers the luxury market in India, making high-quality, affordable luxury products accessible to a broader audience.

Orthopedic recovery product startup Lumov raises $1.2 Mn led by Incubate Fund

EntrackrEntrackr · 3m ago
Orthopedic recovery product startup Lumov raises $1.2 Mn led by Incubate Fund
Medial

Bengaluru-based orthopedic recovery product startup Lumov has raised $1.2 million (Rs 10 crore) in a seed funding round led by Incubate Fund Asia. The round also saw participation from QRG Investments & Holdings (Havells Family Office), IIMA Ventures, SIDBI, and a group of angel investors, including Ashish Gupta, Saket Narang, Abhishek Goyal, and Arjun Vaidya, among others. The proceeds will be used to expand operations, deepen surgeon partnerships, and accelerate the development of new products. It also plans to scale its presence across Delhi NCR, Hyderabad, and Mumbai, while strengthening its manufacturing and sales teams. Founded by Saumaric Dangwal and Ankit Gupta, Lumov designs and manufactures orthopedic recovery and rehabilitation products for post-surgical care, pain management, and long-term mobility support. The brand works with orthopedic specialists across hospital chains such as Manipal, Apollo, Sakra, and AIG to develop clinically validated products tailored for Indian patients. Lumov currently operates with a core team of 15 members and expects to expand hiring across product development, sales, and operations. The startup is focused on addressing gaps in India’s musculoskeletal care market, where rehabilitation and post-surgical recovery solutions remain fragmented. The founders bring prior experience in healthcare investing, having worked with firms such as Bain Capital, Brookfield Private Equity, and Steinberg Asset Management.

Download the medial app to read full posts, comements and news.