🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Ultrahuman sprints towards $40-mn round with SoftBank | The Arc
The Arc Web
·
11m ago
Medial
Ultrahuman, a wearables company, is in talks to raise $30-40 million, potentially led by SoftBank Vision Fund, to enhance its product range, boost manufacturing, and expand into markets like the US and UAE. The company aims for a $300 million valuation, driven by interest in its AI-based software. However, the deal's finalization is not yet certain.
View Source
Related News
Ultrahuman in talks with WestBridge to raise $100-120 million after SoftBank deal falls through
Economic Times
·
3m ago
Medial
After its deal with SoftBank fell through, Ultrahuman, a Bengaluru-based smart wearables company, is in talks to raise $100-120 million from WestBridge Capital, potentially valuing the firm at $500-550 million. The capital will likely support its international expansion, including a new factory in the US. Previously, a $35 million round led by Blume Ventures and Nexus Venture Partners valued the company at $125 million. Ultrahuman reported $80 million revenue in 2024, with future targets set.
View Source
Ultrahuman raises $35 Mn in Series B round
Entrackr
·
1y ago
Medial
Wearable tech startup Ultrahuman has raised $35 million in a mix of debt and equity in its Series B round from Blume Ventures, Steadview Capital, Nexus Venture Partners, and Alpha Wave. The fresh investment also saw participation from Zomato’s founder and chief executive Deepinder Goyal. Post this, Ultrahuman has secured around a total of $60 million, including the $17.5 million Series A financing led by Alpha Wave in 2021. Entrackr had exclusively reported the fundraise then. Ultrahuman will use the fresh proceeds to build further manufacturing capacity and deeper research in health tracking, the company said in a press release. Started by Mohit Kumar and Vatsal Singhal, Ultrahuman is a self-quantification platform that provides smart ring called Ring Air, glucose monitoring wearable M1 Live, and blood testing product called Blood Vision, among others. For the uninitiated, Kumar and Singhal were also co-founders of Runnr, which later merged with Zomato in September 2017. According to Ultrahuman, it became the second-largest player in the smart ring market while maintaining profitability in the last 12 months. The company also grew rapidly and expanded into over 150 retail outlets worldwide, including locations like London’s Selfridges on Oxford Street, Changi airport in Singapore, and the Virgin megastore in Dubai. Ultrahuman registered a fourfold growth to Rs 30 crore in FY23 from Rs 7.38 crore in FY22. According to the startup data intelligence platform TheKredible, the firm witnessed a 20.3% increase in its losses to Rs 71 crore in the same period. As of Series A round, Nexus was the largest external stakeholder in Ultrahuman with 20.12% shares followed by Alpha Wave and Blume with 11.14% and 8.89% stakes, respectively. Its co-founders Mohit Kumar and Vatsal Sinhgal hold 38.27% of the company. Check TheKredible for more details. Globally, Ultrahuman competes with the likes of Levels Health, Super Sapiens and Oura.
View Source
JusPay Nears Unicorn Status With $150 Mn Fundraise Amid Payment Gateway Exodus
OutlookIndia
·
6m ago
Medial
JusPay, a SoftBank-backed fintech infrastructure firm, is set to raise $150 million, nearing unicorn status with an approximate $1 billion valuation. This upcoming funding round, involving SoftBank and WestBridge, will increase JusPay's total fundraising to over $237 million. The move follows multiple payment gateways like PhonePe and Razorpay severing partnerships with JusPay, as these firms shift towards direct merchant integrations to enhance control over client data and payment solutions.
View Source
Ultrahuman Raises $35 Mn To Boost Research In Health Monitoring
Inc42
·
1y ago
Medial
Bengaluru-based fitness and healthtech platform, Ultrahuman, has raised $35 million in a mix of debt and equity funding in a Series B round. The funding round included participation from investors such as Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave, and Zomato founder Deepinder Goyal. Ultrahuman plans to use the funds to expand its manufacturing capacity and conduct further research in the health tracking space. The startup offers health tracking and monitoring devices, including fitness rings, and aims to become the market leader in the smart rings space. Ultrahuman also provides a subscription-based fitness platform for better data monitoring and offers a range of workout content.
View Source
Exclusive: Logistics & Distribution Startup Ripplr To Raise $4.7 Mn Debt From Northern Arc
Inc42
·
1y ago
Medial
Bengaluru-based startup Ripplr is raising INR 40 Cr ($4.7 Mn) in debt from IPO-bound Northern Arc. This comes after the company raised INR 6 Cr in debt from venture debt firm Trifecta Capital last month. The funding round is expected to consist of 400 non-convertible debentures (NCDs). Ripplr previously raised $40 Mn in a Series B funding round in May 2020.
View Source
Decoding Ultrahuman’s Series B: Deepinder Goyal pumped in $10 Mn
Entrackr
·
1y ago
Medial
Wearable tech startup Ultrahuman had raised $35 million in a mix of debt and equity in its Series B round led by Deepinder Goyal and existing investors Blume Ventures, Steadview Capital, Nexus VP, and Alpha Wave. While the company didn’t disclose about Goyal leading the round, Entrackr has decoded his investment along with others including Ultrahuman’s cap table and valuation through its regulatory filings. The board at Ultrahuman passed a special resolution to allot 6,979 Series B CCPS at an issue price of Rs 3,00,170 each to raise Rs 209.4 crore or $25 million, its regulatory filing accessed from the Registrar of Companies shows. Zomato’s co-founder Goyal led the round with Rs 83 crore while Alpha Wave and Blume Ventures infused Rs 66.34 crore and 29.86 crore, respectively. Nexus Venture Partners, Steadview Capital, and Panthera Capital participated with Rs 12.42 crore, Rs 13.77 crore, and Rs 4.14 crore. At the time of announcement, Ultrahuman said that the Series B round consisted of $25 million equity and $10 million debt. It’s worth noting that Ultrahuman’s co-founders Mohit Kumar and Vatsal Singhal sold their first startup Runnr to Zomato in September 2017. Zomato leveraged Runnr which merged with Mumbai-based TinyOwl to raise its own delivery fleet. Ultrahuman has raised over $60 million, including $35 million in Series B and $17.5 million in Series A in October 2022. As per TheKredible estimates, the company has been valued at around Rs 1,039 crore or $125 million (post-allotment of Series B round). Following the fresh proceeds, Nexus emerged as the largest external stakeholder with 17.26% followed by Alpha Wave’s 14.8% stake. Goyal holds 8.58% of the company. The company also has an ESOP pool of around 10.84% Head to TheKredible for the complete shareholding pattern. Ultrahuman is a self-quantification platform that provides a smart ring called Ring Air, a glucose monitoring wearable M1 Live, and a blood testing product called Blood Vision, among others. Ultrahuman demonstrated impressive financial performance in FY23 and its operating revenue flew 4X to Rs 30 crore. At the same time, the company’s losses grew only 21.4% to Rs 71 crore during the same period. Levels Health, Super Sapiens and Oura are the global peers of Ultrahuman.
View Source
OpenAI says it raised $40 billion at valuation of $300 billion
Economic Times
·
4m ago
Medial
OpenAI has raised $40 billion at a $300 billion valuation, partnering with SoftBank to accelerate AI research. The funding supports developing AI systems for diverse applications, aiming for artificial general intelligence (AGI). SoftBank will invest $10 billion initially, with $30 billion more pending conditions. OpenAI plans a strategic shift towards more open AI models, addressing competition and concerns over data security. This move contrasts with its previous closed-model approach, sparking debate with figures like Elon Musk.
View Source
IPO-bound NBFC Northern Arc raises $80 mn from IFC
VCCircle
·
1y ago
Medial
Chennai-based non-banking lender Northern Arc has raised $80 million, with $40 million in equity and $40 million in debt, from the International Finance Corporation (IFC), the investment arm of the World Bank Group. The funds will be used for expansion and improving customer reach. Northern Arc, which focuses on financial inclusion, plans to raise an additional $75 million from another foreign institution. The company offers microfinance, MSME finance, affordable housing finance, vehicle finance, consumer finance, and agriculture supply chain finance. Its assets under management stood at INR 10,081 crore ($1.34 billion) as of September 2023.
View Source
Ultrahuman in talks to raise $120 Mn
Entrackr
·
3m ago
Medial
Ultrahuman is reportedly in talks to raise $120 million in a new round led by WestBridge Capital. The development comes a year after the Bengaluru-based company’s $35 million Series B round. Moneycontrol, which reported the development first, said that some private equity funds may also participate in the round at a valuation of $550–600 million. According to TheKredible's estimates, the company was valued at $125 million after its Series B round. It has raised over $60 million to date from investors including Zomato founder and chief executive Deepinder Goyal, Nexus Ventures, Blume Ventures, and Alpha Wave. Ultrahuman is a self-quantification platform that offers a smart ring called Ring Air, a glucose monitoring wearable called M1 Live, and a blood testing product called Blood Vision, among others. The company also launched its luxury Rare smart ring collection earlier this year. The Mohit Kumar-led company recorded a significant jump in its operating scale to $74.5 million (approximately Rs 620 crore) for the calendar year 2024 (CY24). It claimed to have reported an 11% profit before tax (PBT) and an 8% EBITDA during the same period.
View Source
OpenAI close to finalising its $40 billion SoftBank-led funding
Economic Times
·
4m ago
Medial
OpenAI is nearing a $40 billion funding round led by SoftBank Group, involving investors like Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital. Magnetar may contribute up to $1 billion. If completed, it will be the largest funding round ever, valuing OpenAI at $300 billion. SoftBank plans an initial $7.5 billion investment and a later $22.5 billion, with other syndicates contributing $2.5 billion and $7.5 billion, respectively.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in