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HealthKois launches $300 Mn healthcare transformation fund

EntrackrEntrackr · 8m ago
HealthKois launches $300 Mn healthcare transformation fund
Medial

HealthKois launches $300 Mn healthcare transformation fund Healthcare-focused investment firm HealthKois has launched with a target corpus of $300 million, along with a $100 million green shoe option. Spearheaded by the founding team behind HealthQuad — Charles Janssen (Managing Partner), Ajay Mahipal (Partner), and Dr. Pinak Shrikhande (Partner) — HealthKois will back early growth-stage healthcare companies across healthtech, life sciences, medtech, healthcare delivery, and climate health. The fund plans to invest between $7 million to $25 million per company over the next four years, focusing on businesses with proven clinical outcomes, scalable operations, and sustainable infrastructure models. “HealthKois will support healthcare enterprises addressing gaps in access, affordability, and quality,” said Charles Janssen. “With access to over 75% proprietary deal flow, we are positioned to deliver both financial returns and real-world health impact.” HealthKois will adopt a hands-on, founder-first approach, offering capital alongside strategic guidance, market expansion support, and governance planning. The firm’s team brings over 100 years of combined experience in clinical care, operations, and healthcare investing, and operates across Asia and Europe. HealthKois builds on the success of HealthQuad Funds I and II, which claims to have impacted over 90 million lives and serve more than 8 million patients annually.

Materials science company Zerocircle raises pre-Series A round from 3one4 Capital, Rainmatter and others

EntrackrEntrackr · 14d ago
Materials science company Zerocircle raises pre-Series A round from 3one4 Capital, Rainmatter and others
Medial

url: https://entrackr.com/snippets/materials-science-company-zerocircle-raises-pre-series-a-round-from-3one4-capital-rainmatter-and-others-11021693 Content: Materials science company Zerocircle has raised Rs 5 crore in a pre-Series A funding round co-led by 3one4 Capital and Rainmatter Capital along with participation from other investors. The Pune-based company had earlier raised Rs 20 crore ($2.3 million) in a funding round led by Zerodha co-founder Nithin Kamath’s Rainmatter, with participation from early-stage venture capital firms 1Crowd, VC Grid, 7th Gen Ventures, and environmental advocate Trudie Styler, among others. The proceeds will be used to support its deeptech research and scale-up efforts focused on replacing plastic in food and consumer packaging using natural polymers and compounds. Founded in 2020 by Neha Jain, Zerocircle creates seaweed-based packaging designed to replace harmful petrochemical-based materials. Its product range includes coated packaging for hamburger boxes, fried food containers, bakery packaging, and food trays. The company’s materials are designed to eliminate toxic plastics and reduce microplastic leakage into the human body, soil, air, and oceans. According to Zerocircle, its materials are targeted at high-volume packaging categories where incumbent solutions such as polyethylene (PE) and PLA face performance, recyclability, or regulatory constraints. These include foodservice and QSR packaging, coated paper and board, hot and cold beverage cups, grease-resistant food wraps, and biopolymer pellet applications—segments that represent a significant share of global demand and are actively seeking plastic-free, scalable alternatives. The global packaging market is estimated at over $1.1 trillion, with the sustainable alternatives segment projected to grow to $530–560 billion by 2030. Zerocircle focuses on scaling in markets where regulatory pressure and customer demand for plastic-free packaging are accelerating, including Europe, the UK, Oceania, and India. The company works closely with distributors, converters, and foodservice partners to deploy its materials across high-volume applications such as food packaging and coated paper products. Zerocircle is close to launching a new portfolio of barrier coatings, including water-resistant coated paperboards, heat-sealable coatings for applications such as cutlery pouches in hospitality, and coated low-GSM paper for food wraps and liners. Over the past year, Zerocircle claims it has replaced approximately 1.6 million plastic food containers with deployments across India, the Netherlands, and the Benelux region of Europe.

Rebel Foods launches 15-min food delivery app ‘QuickiES’

EntrackrEntrackr · 11m ago
Rebel Foods launches 15-min food delivery app ‘QuickiES’
Medial

Rebel Foods launches 15-min food delivery app ‘QuickiES’ Cloud kitchen unicorn Rebel Foods is making a foray into the 15-minute food delivery segment to compete with foodtech giants like Zomato and Swiggy. In a LinkedIn post, EatSure co-founder and CEO Sagar Kochhar announced that Rebel Foods has launched its 15-minute food delivery app, QuickiES. Co-founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods operates a network of cloud kitchens and restaurants across multiple countries. It owns and operates several quick-service restaurant (QSR) brands, including Behrouz Biryani, Mandarin Oak, Oven Story Pizza, Sweet Truth, LunchBox, The Good Bowl, Firangi Bake, The Biryani Life, and Wendy’s. Rebel Foods claims to operate over 450 cloud kitchens across India, the MENA region, Indonesia, the UK, and 75 Indian cities. In FY24, the company’s revenue from operations increased to Rs 1,420 crore, while its losses narrowed by more than 42% to Rs 378 crore during the same period. The Mumbai-based startup has raised $773 million in funding to date from investors such as KKR, Temasek, Lightbox, Evolvence, and others. The instant food delivery market is becoming increasingly competitive, with Zepto launching a dedicated app for Zepto Cafe, promising 10-minute food deliveries. Meanwhile, Zomato-owned Blinkit has introduced Bistro, a standalone app for instant food delivery. Similarly, Swiggy has launched a standalone app, SNACC, for 15-minute food delivery. Zomato has also entered the quick food delivery segment, while emerging platforms like Swish, Magicpin, and Zing are gaining momentum.

With over 2X growth, Miko’s revenue crosses Rs 225 Cr in FY23

EntrackrEntrackr · 1y ago
With over 2X growth, Miko’s revenue crosses Rs 225 Cr in FY23
Medial

Child companion robot maker Miko, a product of Emotix has grown at a fast pace in the past couple of years. The growth can be witnessed from its scale which skyrocketed to cross Rs 200 crore mark in FY23. In FY21, its revenue was just under Rs 30 crore. Miko’s revenue from operations surged 137.5% to Rs 225.6 crore during the fiscal year ending March 2023 as compared to Rs 95 crore in FY22, the company’s consolidated annual financial statement with the Registrar of Companies shows. Founded by Sneh Vaswani, Prashant Iyengar and Chintan Raikar, Miko creates personal companion robots focusing on educating and entertaining children from the age group of 5 years to 11 years. The company also allows child-focused content partners and developers to port their content on Miko and monetise via subscription. Miko serves customers across 140 countries, including regions like the US, Europe and Middle East. Miko’s lineup includes Miko Mini, a small robot designed to ignite curiosity and foster skills in kids through interactions and educational content. Miko Max provides curated adventures for learning reading and comprehension, while Miko 3 offers advanced features and educational content. Additionally, Miko Chess – Grand is an automated chessboard that enhances the chess experience with AI integration. The company made the majority of its revenue from sales of products (robots) while a small part came from subscription services of content applications. Miko also generated Rs 2.88 crore non-operating income during the year which majorly includes interest and gains on financial assets. Overall, the company’s income spiked to Rs 228.5 crore in FY23. Coming to expenses, cost of materials found to be the largest expense forming 37.3% of the total cost. This expense surged 88% to Rs 121.45 crore in FY23 from Rs 64.56 crore in FY22. Advertising & promotional cost of the company also increased 40.8% to Rs 62.89 crore during the year from Rs 44.67 crore in FY22. Further, spending on employee benefits, traveling conveyance and other operating and admin expenses pushed the total expenditure of the company by over 75% to Rs 325.3 crore during FY23. In the previous fiscal year (FY22), Miko’s total expenditure was at Rs 185.5 crore. At the end, Miko’s losses rose 39% to Rs 107.7 crore during FY23 against Rs 77.5 crore in FY22. However, compared to more than 2X rise in topline, the company managed to keep a tap over losses. For complete expense breakdown and year-on-year financial performance of the company, head to startup intelligence platform TheKredible. Additionally, operating cash outflows also improved by 92% to Rs 7.6 crore during the last fiscal year. Followed by the rising scale, EBITDA margin of the firm bettered to -25.84% in FY23 whereas ROCE registered at -46.81%. On a unit level, Miko spent Rs 1.44 to earn a rupee of operating revenue during the fiscal year. FY22-FY23 FY22 FY23 EBITDA Margin -69.31% -25.84% Expense/₹ of Op Revenue ₹1.95 ₹1.44 ROCE -41.32% -46.81% As per TheKredible, Miko has raised over $62 million to date from the likes of Chiratae Ventures, IvyCap Ventures, Yournest and IIFL among others. This includes a Rs 100 crore debt raised from Stride Ventures in May 2022. Entrackr had exclusively reported about the development at that time.

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