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Sugar.fit Nets $5 Mn To Ramp Up Tech Stack, Product Portfolio
Inc42
·
1y ago
Medial
Bengaluru-based healthtech startup Sugar.fit has raised an additional $5 million in extended Series A funding, bringing the total to $16 million. Founded in 2021, Sugar.fit offers diabetes management and reversal through a data-centric approach. The company plans to use the funding to expand its technology stack and product range, increase brand presence, and accelerate research and development efforts. The startup has served over 30,000 users and operates seven diabetes clinics in Bengaluru. Investors in Sugar.fit include B Capital, MassMutual Ventures, CureFit, Endiya Partners, and Tanglin Venture Partners.
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Sugar.fit raises $5 Mn more in Series A led by B Capital
Entrackr
·
1y ago
Medial
Sugar.fit, a healthtech focused on type 2 diabetes and prediabetes, has raised $5 million more in its Series A round led by B Capital with participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.fit (now Cult.fit). In October last year, the startup had raised $11 million in its Series A round led by MassMutual Ventures. The new capital will be used to expand Sugar.fit’s technology stack and product range, increase brand presence, and speed up research and development in diabetes management, the company said in a press release. Founded by Madan Somasundaram, Sugar.fit offers a diabetes care program that combines innovative technology with personalized human interventions. Diabetes doctors and nutritionists use devices such as continuous glucose monitors, fitness trackers, and health diagnostics to monitor the real-time impact of users’ lifestyles on their glucose levels. In the last 18 months, the brand claims to have witnessed significant growth in paid subscribers, currently serving more than 30,000 users on its platform. The brand has also established an omnichannel presence, starting in Bengaluru, and now operates seven diabetes clinics with doctors in diabetes care across the city.
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Deeptech robotics startup Perceptyne raises $3 Mn in seed round
Entrackr
·
9m ago
Medial
Perceptyne, a deep tech AI-first robotics startup, has raised $3 million in its seed round co-led by Endiya Partners and Yali Capital with participation from Whiteboard Capital and notable angels. The proceeds will be used to ramp up product development, customer acquisition, and growth. The firm is working closely with manufacturing giants in automotive and electronics. Founded by Raviteja Chivukula, Jagga Raju Nadimpalli, and Mrutyunjaya Nadiminti, Perceptyne’s products are designed to perform tasks demanding human-like dexterity, such as product assembly & packaging. To accomplish this, the startup is building a vertically integrated full-stack robotics platform centered around AI. Its flagship products, PR-34D and PR-9D, are dual-arm and single-arm robots with integrated computer vision & AI, multi-modal sensing, and highly articulate end-effectors suited for manufacturing/assembly line applications. According to the startup, its integrated approach will help manufacturing companies accelerate robotic automation efforts by dramatically reducing integration time (quarters to weeks) and implementing automation without changes to their assembly lines.
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AppsForBharat Nets $18 Mn To Boost Operations Of Its Spiritual App Sri Mandir, Eyes Offline Expansion
Inc42
·
11m ago
Medial
AppsForBharat has raised funds to expand its Sri Mandir app, which aims to provide services for the devotional ecosystem. The funds will be used to scale up operations, onboard new temples, launch additional services, and build a comprehensive tech stack. The Sri Mandir app achieved contribution margin positivity in February 2024 and the founder expects it to become profitable within the next 18-24 months. Additionally, there are plans to expand Sri Mandir into offline channels within the next six months.
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Exclusive: Yu Foods Nets $6.5 Mn Led By Ashish Kacholia, Asian Paints Promoter Group
Inc42
·
9m ago
Medial
A startup has raised funding to strengthen its distribution network and expand its product portfolio. The funding round involved both existing and new investors, providing an exit for some seed stage investors.
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ICON raises $1.2 Mn in seed round from DSG Consumer Partners, others
Entrackr
·
1y ago
Medial
ICON, an internet-first direct-to-consumer luggage and travel accessories (LTA) startup, has raised $1.2 million in its seed round led by DSG Consumer Partners with participation by a clutch of angel investors. The proceeds will be used to ramp up ICON’s existing product line, expand its team, strengthen its distribution network, and boost its innovative portfolio. Founded by Mohammad Patel, Poojan Shah, Fazal Lakhani, and Aakash Mehta, ICON’s product portfolio consists of hard luggage, backpacks, and handbags. The tiro’s previous venture MyFitness was acquired by Mensa Brands in 2022. Through innovative products, ICON aims to capitalise on the post-pandemic travel renaissance, which is driving a luggage revolution. As per an industry report, the Indian tours and travel industry is poised for a growth of 12–15% in fiscal 2025, and the Indian luggage market is estimated to be Rs 20,000 crore where branded players are expected to make up about 54% of the market.
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Rozana Nets $22.5 Mn Funding
Inc42
·
1y ago
Medial
Indian rural commerce startup, Rozana, has secured $22.5 million in a funding round led by Bertelsmann India Investments. The startup operates an ecommerce platform and logistics network catering to the needs of rural communities in India. The funds raised will be used to expand the company's warehousing and logistics capabilities, as well as hire more talent and enhance its technology stack. Despite a contraction in startup funding for India's ecommerce market in 2023, Rozana aims to tap into the untapped potential of rural communities and aims to empower them with access to essential products.
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Navanc raises $1 Mn in seed round
Entrackr
·
7m ago
Medial
Fintech startup Navanc has raised $1 million in its seed round led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors. The proceeds will be directed toward expanding operations across India, with a focus on strengthening Navanc's presence in urban and semi-urban areas. Additionally, the startup will ramp up its AI FinTech capabilities by incorporating Generative AI and Computer Vision models. Founded by Nagachethan S M and Byomkesh Jha, Navanc introduced an AI-powered property score and stack, specifically designed for secured lending and insurance practices. By integrating advanced technologies like AI, IoT, and Blockchain, the firm ensures secure, transparent, and reliable transactions in the proptech sector. Its collateral reporting, powered by its AI and ML models, enhances credit decision-making and portfolio management for the BFSI industry. Currently operating across tiers of cities in about 6 states, Navanc is focused on expanding its reach to all states under its Bharat Vision.
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Peak XV’s Surge leads $3.5 Mn seed round in The Health Factory
Entrackr
·
10m ago
Medial
High protein and nutrition bread brand The Health Factory has raised $3.5 million in its seed round led by Surge, Peak XV’s scale-up program for early-stage startups. Kartik Mehta, Ali Tambawala, and Sunil Tulsiani have also participated in the round. Earlier in August 2022, the Mumbai-based brand had raised a Rs 2 crore seed round led by Venture Garage, Vikas Nahar, Happilo, and other marquee angels. The proceeds will be used to ramp up its product development and research and development (R&D) initiatives, enabling the creation of new product segments. Founded by Vinay Maheshwari, the Health Factory is a food and brewery brand that produces a portfolio of products including various kinds of protein breads. Apart from its subscription-based distribution, the company uses online ordering platforms such as Swiggy, Amazon, and BigBasket. It also has a presence in a few pockets of Pune and leverages offline retail stores across Mumbai for distribution.
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SolarSquare Nets $4.2 Mn To Scale Up Its Solar Tech Portfolio
Inc42
·
1y ago
Medial
Indian solar solutions startup SolarSquare has secured $4.2 million in fresh funding from investors including Zerodha Technology, Gruhas Proptech, Lowercarbon Capital, and Good Capital. The funds will be used for expansion, working capital, and general corporate purposes. The startup offers full-stack solutions for designing, installing, and financing rooftop solar systems. Despite an increase in net losses from INR 8 crore to INR 30 crore, SolarSquare saw its revenue surge from INR 81 crore to INR 107 crore in FY23. The company has now raised a total of $16.05 million in funding.
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Eccentric Engine raises $5 Mn in pre-Series A round
Entrackr
·
6m ago
Medial
Eccentric Engine, a 3D tech partner for automotive players, has raised $5 million in its pre-Series A round co-led by Exfinity Venture Partners and Arkam Ventures. This marks the first external funding for the company. The proceeds will be used to expand Eccentric’s global footprint and to ramp up further development of its proprietary One3D platform. Founded in 2012 by Gaurav Rane and Varun Shah, Eccentric developed One3D, a real-time 3D rendering platform tailored for online retail experiences for automotive OEMs and dealerships. One3D is designed specifically for enterprises, ensuring easy integration into all OEM workflows, including their dealership operations. It brings in optimization in the 3D pipeline that allows auto brands to demonstrate 3D omnichannel expertise with speed and accuracy to market. Its clients include Maruti Suzuki, Tata Motors, Toyota, Hyundai, and Stellantis, among others.
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