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Varco Leg Care raises $500K in Seed funding

EntrackrEntrackr · 1y ago
Varco Leg Care raises $500K in Seed funding
Medial

Delhi-based leg care brand Varco Leg Care has raised $500,000 (over Rs 4.5 crore) in Seed funding round led by Sunicon Maiden Fund, an early-stage venture fund curated by Sunicon Ventures. Prior to this, Varco Leg Care had raised a cumulative Rs 3.1 crore ($370,000) through its previous funding rounds. According to the company, its valuation has grown by 2x in the past 10 months. However, it did not disclose the numbers. Varco Leg Care will be utilizing the capital to strategically bolster capabilities across various fronts, which include enhancing offline touchpoints, advancing research and development (R&D) initiatives, and scaling and optimizing marketing efforts. Varco Leg Care aims to revolutionise leg health management by leveraging technology and clinical expertise. The firm has created a wide range of leg care products that address the end-to-end leg health needs of customers worldwide targeting health issues like varicose veins, diabetic foot, foot ulcer, and restless leg syndrome, among others. As per the company, it saw 110% increase in the brand’s revenue over the past year. Since its inception in 2022, Varco claims to have served more than 5 lakh customers, and expanded its presence to more than 3,000 medical stores across Mumbai, Bangalore, Delhi, and other Indian cities. Varco’s products are available at organised retail outlets such as Guardian Pharmacy, Noble Plus, Wellness Forever, and others. On the online front, it sells its products through its own website, as well as via marketplaces like Amazon, Flipkart, 1mg, and others.

Healthtech startup Docplix raises Rs 1.2 Cr in bridge round

EntrackrEntrackr · 1y ago
Healthtech startup Docplix raises Rs 1.2 Cr in bridge round
Medial

Healthtech startup Docplix has raised Rs 1.2 crore in its bridge round led by Inflection Point Ventures. Earlier in March this year, DocPlix had raised Rs 5 crore in its pre-Series A round led by Eris Lifesciences with the participation of other angel investors. In February 2022, it raised Rs 1.2 crore in seed round. The fresh proceeds will be used for product development, AI integration, and market expansion, Docplix said in a press release. This will involve enhancing its EHR system, incorporating advanced AI capabilities to improve decision support and patient care, and expanding its market reach. Founded by Varun Garg, Aayush Garg, DocPlix’s ABDM-compliant Electronic Health Record (EHR) system ensures secure and interoperable management of patient data. Its integrated Decision Support System (DSS) helps healthcare professionals make informed decisions through data analytics. Additionally, innovative visualization tools make patient data easy to understand, enhancing patient care and clinic efficiency. The startup claims to serve over 2,000 doctors, extending its reach through programs and remote clinics in tier-II and tier-III cities to address healthcare needs in underserved areas.

Neuroscience startup BrainSight AI raises $5 Mn

EntrackrEntrackr · 6m ago
Neuroscience startup BrainSight AI raises $5 Mn
Medial

Snippets Neuroscience startup BrainSight AI raises $5 Mn Deep-tech neuroscience startup BrainSight AI has raised $5 million in a pre-Series A funding round led by IAN Alpha Fund, along with participation from IvyCap Ventures, Silver Needle, and its existing investors. The fresh funds will be utilized to expand its presence in India, increasing reach in Tier I and Tier II cities, making a foray into Africa, Southeast Asia, the US, and allied markets, and enhancing R&D capabilities, BrainSight said in a press release. Co-founded in 2019 by Laina Emmanuel and Rimjhim Agrawal, BrainSight AI aims to enable greater precision in the diagnosis and treatment planning of neuro-oncological and neuropsychiatric disorders. The platform combines artificial intelligence and neuroscience to enable precision in neurological and psychiatric investigations for accelerated patient outcomes. According to BrainSight, its platform products include Voxelbox, which provides clinicians with access to an fMRI processing engine and machine-learning models; and Snowdrop, a patient care app that enables compliance with treatment schedules and builds patient profiles. Currently, BrainSight AI asserts that it collaborates with over 40 leading hospitals across India, particularly in neurosurgery and radiology departments, focusing on brain tumor cases. The company is now expanding its solutions to neurological and psychiatric disorders, paving the way for a more holistic approach to brain care. BrainSight AI helps to understand how the physiology of the brain correlates to its functions by mapping macro-scale neural connections in the brain to enable precise diagnosis and prognosis of neuro-oncological and neuropsychiatric disorders.

Laiqa raises Rs 15 Cr in seed round from IvyCap Ventures

EntrackrEntrackr · 10m ago
Laiqa raises Rs 15 Cr in seed round from IvyCap Ventures
Medial

Gurugram-based femtech startup Laiqa Wellness has raised Rs 15 crore in its seed round from IvyCap Ventures. The proceeds will be used to drive the expansion and development of the company’s tech-based solutions, which focus on personalized hormonal health tracking, point-of-care assessments, and AI-driven recommendations that integrate both modern science and Ayurveda. Founded in August 2023 by Monica Bindra, Harmeet Bindra, and Meenakshi Singh, LAIQA offers a unique approach to women’s wellness by addressing hormonal imbalances through cycle-synced, personalized care. Its offerings cater to a wide range of hormonal imbalance-driven conditions, such as PCOS, thyroid disorders, insulin resistance, sleep disturbances, and other lifestyle-related issues. The app’s proprietary algorithm objectively scores health parameters and provides cycle-synced actionable insights, helping users manage these changes for enhanced productivity, improved energy levels, and overall wellness. IvCap has backed startups across categories such as Purplle, Bluestone, Bewakoof, Convosight, Lissun, Elucidata, Deep Rooted, Wagr, YellowSkye, and Biryani By Kilo.

Caregiving-tech startup LegUp raises Rs 2 Cr pre-Seed funding

EntrackrEntrackr · 5m ago
Caregiving-tech startup LegUp raises Rs 2 Cr pre-Seed funding
Medial

Bengaluru-based caregiving-tech startup LegUp, which has introduced a platform to bridge the gaps between modern families and trusted caregivers, has secured pre-seed funding of Rs 2 crore ($250K) from Bluebridge Capital Private Limited. This marks LegUp’s first official fundraising round since its inception in May 2024. The company plans to utilize the capital to enhance its technology and operational capabilities while fostering growth and expansion. Additionally, a significant portion of the funds will be allocated toward the development and launch of two upcoming mobile apps. LegUp offers a range of high-quality caregiving and companion services catering to both baby care and elder care segments, including japa nanny services, babysitting, and elderly homecare attendants, among others. The platform has already onboarded over 10,000 skilled caregivers. LegUp is growing rapidly, with a 40% month-over-month revenue increase. The company has established a strong presence in Bengaluru, reaching an MRR of Rs 22 lakh and aiming for an annual revenue of Rs 15 crore in the next fiscal year. The childcare services sector in India is projected to generate over $25,892 million in revenue by 2030, growing at a CAGR of 5%. Meanwhile, the Indian elderly care market, currently valued at $7 billion, is expected to reach a staggering $50 billion by 2030.

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