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Oncology startup 4baseCare raises Rs 90 Cr led by Ashish Kacholia and Lashit Sanghvi

EntrackrEntrackr · 2d ago
Oncology startup 4baseCare raises Rs 90 Cr led by Ashish Kacholia and Lashit Sanghvi
Medial

Precision oncology startup 4baseCare has raised Rs 90 crore ($9.8 million) in the first close of its Series B round co-led by Ashish Kacholia and Lashit Sanghvi, with participation from existing investor Yali Capital. The new round comes after a gap of two years. In 2024, the company had raised $6 million in Series A funding, led by Yali Capital, with participation from Infosys. The fresh capital will be used to expand 4baseCare’s hospital-linked genomics lab network across India, the Middle East, Southeast Asia, Latin America, and Central Asia. It will also scale its AI-powered precision oncology platform, OncoTwin, which supports clinical decision-making for cancer treatment. Founded by Hitesh Goswami, 4baseCare focuses on building population-relevant clinico-genomic datasets to improve cancer diagnosis and treatment outcomes in underrepresented populations. Its platform integrates genomic testing with real-world clinical and outcomes data to generate actionable insights for oncologists. The OncoTwin platform was recently selected for the MSK iHub program at Memorial Sloan Kettering Cancer Center, New York. The company works closely with hospitals to offer genomics-led cancer diagnostics within clinical settings and is positioning itself to scale across emerging markets. Investor interest in cancer-focused startups has picked up in recent years. Last year, Everhope Oncology raised $10 million in seed funding, and MOC Cancer Care & Research Centre secured $18 million led by Elevation Capital. ErlySign, OnCare, and OneCell Diagnostics are also among the funded startups.

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Legal tech startup Lucio raises $5 Mn led by DeVC

EntrackrEntrackr · 3m ago
Legal tech startup Lucio raises $5 Mn led by DeVC
Medial

Legal tech startup Lucio raises $5 Mn led by DeVC Lucio, a legal tech startup, has raised $5 million led by DeVC, with participation from investors such as Ashish Kacholia and Lashit Sanghvi. The proceeds will be used to improve its product features and expand its reach to more law firms and professionals. It also plans to strengthen its AI models, build more integrations with legal databases, and expand its presence in new markets. Lucio is based in India and focuses on developing technology that helps legal professionals work smarter and faster. Lucio is creating an AI-native workspace that helps lawyers manage their daily tasks in one place. The platform supports work like document drafting, review, legal research, translation, and compliance tracking. Instead of switching between different software tools, lawyers can use Lucio to handle all major tasks within a single system. It is already working with over 200 organizations and has more than 3,000 lawyers using its platform across nine jurisdictions.

Travel accessories brand EUME raises Rs 25 Cr in Series A

EntrackrEntrackr · 8m ago
Travel accessories brand EUME raises Rs 25 Cr in Series A
Medial

Travel accessories brand EUME has raised Rs 25 crore ($3 million) in its Series A equity round led by investor Ashish Kacholia. Existing backers including Pradeep Rathod of Cello Group and Prithviraj Kothari of Arvog Financial also participated. Earlier in June last year, the Mumbai-based startup had raised Rs 15 crore ($1.7 million) in a new round led by Ashish Kacholia. The proceeds will be used to scale physical retail, strengthen operations, invest in marketing, and support working capital needs. Founded by Naina Parekh and Pranay Parekh, EUME began as a design-forward luggage brand and has built awareness through associations with events like the Tata Mumbai Marathon and SulaFest. EUME plans to open three flagship stores within 45 days in Bengaluru (Mall of Asia), Mumbai (Oberoi Sky City), and Hyderabad (Sarath City). These new locations are part of the firm’s strategy to grow its offline presence and tap into metro markets. The brand aims to position itself as a premium luggage player, combining retail expansion with product innovation. The brand is set to expand its portfolio across travel categories and focus on premium-priced offerings. It also continues to grow its presence in both B2C and B2B segments, including corporate gifting partnerships.

Defence electronics startup Sanlayan raises Rs 186 Cr in Series A

EntrackrEntrackr · 7m ago
Defence electronics startup Sanlayan raises Rs 186 Cr in Series A
Medial

News Article: Defence electronics startup Sanlayan raises Rs 186 Cr in Series A Sanlayan specializes in the design and development of advanced electronic systems, including radar, electronic warfare, and mission-critical avionics. Aerospace and defence startup Sanlayan Technologies has raised Rs 186 crore ($22 million) in its Series A funding round led by marquee investors Ashish Kacholia, Lashit Sanghvi, and Jungle Ventures, with participation from existing investors Gemba Capital, Singularity Ventures, and new investor Shastra VC. With the fresh funding, Sanlayan plans to increase its engineering headcount fivefold in the next six months. According to the startup, it is actively hiring domain experts, R&D scientists, retired armed forces veterans, and senior leadership from both public sector undertakings and private defence giants. Founded by former Zetwerk employees Abhijit Kothawale, Rohan Gala, and Rahul Vamsidhar, Sanlayan specializes in the design and development of advanced electronic systems, including radar, electronic warfare, and mission-critical avionics. The startup raised $4.4 million in its seed round in March last year from prominent institutional investors, including First Cheque, Gemba Capital, Singularity Ventures, and others. “We will continue to acquire capabilities both organically and inorganically. We are allocating capital for suo-moto development of critical technologies for CUAS and EW systems. In the last six months, we have strengthened Dexcel’s design and manufacturing capabilities and are now gearing up to execute large-scale indigenisation and upgrade programs,” said Rohan Gala, co-founder and CEO of Sanlayan. Sanlayan recently acquired a majority stake in 20-year-old embedded systems firm Dexcel Electronics to boost its capability to deliver advanced indigenous solutions for defense, aerospace, and space sectors. Dexcel Electronics has contributed to key programs like Jaguar, Sukhoi, LCA Tejas, and Chandrayaan-3. Sanlayan, leveraging its in-house R&D, is also developing AESA radar for India’s unmanned underwater vehicle (UUV) program. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

Luggage brand EUME raises Rs 15 Cr in new round

EntrackrEntrackr · 1y ago
Luggage brand EUME raises Rs 15 Cr in new round
Medial

EUME, a sustainable and eco-conscious luggage brand, has raised Rs 15 crore ($1.7 million) in a new round led by Ashish Kacholia. This is the second funding raised by the Mumbai-based startup. In February last year, EUME had raised an undisclosed amount from Mumbai Angels. The proceeds will be used to ramp up operations, expand the team, drive innovation, build an offline retail presence, invest in technology and enhance brand awareness. Founded by Naina Parek, the startup offers a diverse product portfolio, which includes luggage, backpacks, vegan handbags, and accessories, among others. Last year, EUME claimed to have clocked a monthly run-rate of Rs 1.8 crore.It targets a revenue of Rs 65-70 crore by the end of FY25. Its sales are split evenly between its own website and marketplaces. The startup also plans to launch its flagship store in Mumbai this year. Earlier this year, luggage brand Mokobara raised $12 million in a Series B funding round led by Peak XV Partners. Besides Mokobara, EUME also competes with Assembly and Uppercase.

ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia

EntrackrEntrackr · 1y ago
ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia
Medial

ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia Healthtech startup ErlySign has raised Rs 16 crore ($1.8 million) in its pre-Series A round from Ashish Kacholia. The proceeds will be used in clinical trials, securing CDSCO (Central Drugs Standard Control Organisation) approvals, and bringing ErlySign’s oral cancer detection kit to market. Founded in 2019 by Shubhendra Singh Thakur and Deovrat Begde, ErlySign develops solutions for early detection of oral cancer. The startup also claims to offer India’s first salivary biomarker-based test which can identify pre-cancerous conditions much before visible symptoms emerge. Looking ahead, ErlySign plans to use CRISPR miRNA-based testing technology to detect multiple types of cancer using the same saliva sample within 15–20 minutes.

Truva, 4baseCare, two others secure early-stage funds

VCCircleVCCircle · 1y ago
Truva, 4baseCare, two others secure early-stage funds
Medial

On Monday, early-stage funds were secured by several startups including 4baseCare, Infinyte.Club, Truva, HealthCRED, and Haldèn. 4baseCare, an oncology solutions startup, raised $6 million in a Series A funding round to enhance its product offerings and scale up operations across Asia. Infinyte.Club, a wealth management platform, raised $3.6 million in a seed round to provide its members access to private company stocks. Truva, a real estate technology platform, secured $3 million to expand its team, enhance products, and raise debt for working capital. HealthCRED, a healthcare financing startup, raised undisclosed funds to address the working capital gap in hospitals. Haldèn, a luxury men's brand, raised Rs 5 crore to expand its product range.

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