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PlatinumRx raises $800K funding led by IndiaQuotient

EntrackrEntrackr · 1y ago
PlatinumRx raises $800K funding led by IndiaQuotient
Medial

Healthcare startup PlatinumRx has raised $800,000 in a seed round from India Quotient, along with participation from several prominent angel investors. PlatinumRx plans to utilize the funds to augment its warehousing and distribution network, enhancing its presence across the country and increasing its product offerings, the company said in a press release. Founded by Ashutosh Pandey and Piyush Kumar, PlatinumRx aims to redefine the way chronic patients access essential medications by curating and offering substitutes from top brands like Cipla, Abbott, Alkem, etc. PlatinumRx helps consumers find the exact substitute medicine having the same salt, same strength, and same effectiveness. PlatinumRx delivers to more than 20,000 pincodes within 2-3 days and providing same-day delivery in Bengaluru. It has also partnered with multiple old age homes and rehab centers across the electronic city. “With rising diabetes and blood pressure-related ailments, coupled with soaring monthly medicine expenses, cost reduction for all chronic illnesses without compromising efficacy is crucial,” said Gagan Goyal, General Partner at India Quotient. Launched by Anand Lunia and Madhukar Sinha in 2012, India Quotient launched its fourth fund worth $80 million in February 2021. Its portfolio companies include WebEngage, Dhiwise, Vyapar, Pagarbook, Fleetx, Powerplay, Brands.live, and GoComet among others.

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Yuvrit Ayurveda raises $800K in seed round led by Incubate Fund Asia

EntrackrEntrackr · 8d ago
Yuvrit Ayurveda raises $800K in seed round led by Incubate Fund Asia
Medial

Snippets Yuvrit Ayurveda raises $800K in seed round led by Incubate Fund Asia Ayurvedic clinic chain Yuvrit Ayurveda has raised 800,000 dollars in a seed funding round led by Incubate Fund Asia. The funds will be used to expand its clinic network in Bengaluru, strengthen medical training and standardisation protocols, hire senior Ayurveda doctors, and drive public awareness around preventive health and evidence-based Ayurvedic practices, the company said in a press release. Co-founded in 2024 by Puroo Soni and Rahul Jhawar, Yuvrit Ayurveda offers modern and standardised Ayurvedic care for chronic lifestyle conditions. Its model combines classical Ayurvedic principles with modern diagnostics, herbal medications, Panchakarma therapies and lifestyle guidance, delivered through a patient-centric and omnichannel approach. The Bengaluru-based startup said it is building a scalable and trustworthy outpatient care system rooted in classical science but enhanced by modern diagnostics, digital tracking and protocol-led treatments developed by senior Ayurvedic experts. Its clinics aim to offer authentic, doctor-led, Kerala-style healing that is standardised and outcome-driven for urban consumers. Yuvrit claims to have seen strong early traction, including high repeat usage and healthy clinic-level unit economics. The startup currently has a 14-member team across clinical and central functions including senior doctors, Panchakarma therapists, care coordinators and operations staff, which is expected to grow to more than 30 as new clinics launch in early 2026. It competes with players such as Kerala Ayurveda, Jeena Sikho Lifecare, Jiva Ayurveda, and a range of independent doctor-led clinics.

Terafac raises Rs 6.5 Cr in pre-seed round led by Inuka Capital

EntrackrEntrackr · 4m ago
Terafac raises Rs 6.5 Cr in pre-seed round led by Inuka Capital
Medial

Terafac raises Rs 6.5 Cr in pre-seed round led by Inuka Capital Chandigarh-based AI-robotics startup Terafac has raised Rs 6.5 crore ($800K) in a pre-seed round led by Inuka Capital. Other investors include DEVC, Bharat Founders Fund, Innovation Mission Punjab, and select angels. The proceeds will be used for product innovation, market expansion, and hiring. Founded by Anubhi Khandelwal and Amrit Singh, Terafac has developed an AI-Vision platform that converts standard industrial robots into intelligent, self-adjusting machines. Its first product, WeldT, automates welding using computer vision to handle high product variations. The startup plans to expand its solution across tasks like gluing, painting, and inspection. Terafac operates on a "Software-as-a-Skill" model and targets 80 deployments across 20 customers in the next year. Its business model revolves around providing AI-based manufacturing automation tools to OEMs and factories, aiming to reach Rs 8 crore in ARR by FY26.

Furnishka raises Rs 27 Cr in pre-Series A round led by IndiaQuotient

EntrackrEntrackr · 1y ago
Furnishka raises Rs 27 Cr in pre-Series A round led by IndiaQuotient
Medial

Furnishka, a furniture retailer founded in 2023 by Ganesh Pawar, has successfully raised Rs 27 crore in a pre-Series A funding round led by IndiaQuotient, bringing its total funding to Rs 45 crore. The round also saw participation from Sparrow Capital and angel investors, including Udaan co-founder Sujeet Kumar and Ramakant Sharma. The new funds will be used to enhance product design and development, bolster manufacturing and supply chain capabilities, and expand to new locations. Furnishka aims to simplify India’s complex home furnishing market by addressing issues such as long delivery times, high costs, and inconsistent service quality. It offers a seamless shopping experience through both online and offline stores in Bengaluru, with over 1,000 SKUs and customizable designs at competitive prices. Market research indicates that the Indian furniture market is projected to grow from $24.47 billion in 2023 to $64.39 billion by 2032, with a CAGR of 11.35% from 2024 to 2032. Furnishka has focused on supply chain innovation, standardization, localization, and cost reduction to deliver premium furniture affordably. Within its first year, the company has served over 10,000 customers and operates four large-format stores in Bangalore, showcasing a wide array of products. Looking ahead, Furnishka plans to expand its product categories, particularly in premium living room, dining room, and bedroom collections, open six additional large-format stores, and create educational content to help customers make informed furnishing decisions. The company offers thousands of customization options to cater to diverse tastes and requirements.

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