🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Sadhav Offshore raises Rs 25 Cr in equity round led by Negen Capital

EntrackrEntrackr · 8m ago
Sadhav Offshore raises Rs 25 Cr in equity round led by Negen Capital
Medial

Sadhav Offshore, a maritime services company operating in India, has raised Rs 25 crore in an equity round led by the Negen Undiscovered Value Fund. The round also saw participation from family offices and high-net-worth individuals (HNIs). The proceeds will be used to support capital expenditure focused on launching a floating dry dock facility. Sadhav Offshore currently services a wide range of vessels, including over 70% of the Indian Coast Guard’s FPV fleet on the eastern seaboard. The firm operates a repair facility at Paradip Port and has past experience servicing international clients such as Svitzer-Maersk. It also maintains technical partnerships with firms like Kongsberg Maritime for propulsion system servicing. This expansion aligns with national maritime development goals under Sagarmala and Maritime India Vision 2030. The planned dry dock will help fill a critical gap in India’s ship repair infrastructure, which currently lacks enough domestic facilities and often forces ships to go abroad for maintenance. A dry dock is a special structure that lets ships be lifted out of the water so that work can be done on parts that are normally underwater, such as cleaning, repairs, or inspections. By offering reliable, local repair services for both commercial and defence vessels, the new facility is expected to reduce delays and improve operational efficiency.

Meesho delivers 1.3 Bn orders during first 9 months of FY25

EntrackrEntrackr · 9m ago
Meesho delivers 1.3 Bn orders during first 9 months of FY25
Medial

Homegrown e-commerce platform Meesho has released its first annual report, highlighting strong growth driven by technology and AI. The company claims that it became the first horizontal e-commerce platform in India to achieve profitability in FY24, generating Rs 197 crore in free cash flow. Its adjusted losses dropped by 97% to Rs 53 crore (excluding employee share-based compensation). As of December 2024, Meesho reported 187 million annual transacting users—serving approximately 13% of India’s population, as per the report. Between April and December 2024, users placed 1.3 billion orders, cementing Meesho’s position as the most downloaded shopping app for the fourth consecutive year. The platform processes 67 trillion features daily and handles 500,000 user requests per second at peak load. Meesho’s logistics arm, Valmo, handled over 50% of its daily orders, covering 15,000 pin codes and creating 85,000 jobs. Supporting 400,000 sellers with a 0% commission model, Valmo has made online selling more accessible for SMEs. In February last year, Meesho announced the launch of Valmo, a full-fledged logistics marketplace that allows the network of micro-entrepreneurs to become Meesho partners and deliver orders in their nearby areas. Meesho also plans to go public later this year, aiming to raise around $1 billion at a $10 billion valuation, with JP Morgan potentially joining the IPO syndicate.

Praan Health raises 8.5 Cr in seed round led by Rainmatter Investments

EntrackrEntrackr · 2m ago
Praan Health raises 8.5 Cr in seed round led by Rainmatter Investments
Medial

Praan Health, a lifestyle-first chronic care platform for parents aged 50 and above, has raised Rs 8.5 crore in a seed funding round led by Rainmatter Investments with participation from WEH Ventures and angel investors, including Alakh Pandey and Prateek Maheshwari (PhysicsWallah) and Arjun Vaidya, among others. The proceeds will be utilized to strengthen its product and technology capabilities, expand its clinical and coaching teams, and expand its service delivery across India, Praan Health said in a press release. Launched in 2024 by Navneeth Ramprasad, Praan Health is a lifestyle-first chronic care platform designed to help parents live longer, stronger, and pain-free lives. The startup combines physician-led care, clinical nutrition, and strength training to reverse and manage chronic conditions through habit transformation — not hospital dependence. According to the Bengaluru-based startup, it has recently launched its mobile app, a one-stop platform that allows young adults to manage their parents’ health journeys, from blood test uploads and risk scores to weekly progress updates and doctor consultations. Using an integrated approach that combines physician supervision, clinical nutrition and one-on-one strength training, Praan delivers personalized 90/180/365-day programmes for more than 25 chronic conditions, including diabetes, hypertension, arthritis, osteoporosis and post-surgery recovery. In less than a year, Praan claims to have supported over 1,500 families across India through over 50,000 personalized sessions, led by a multidisciplinary team of physicians, clinical nutritionists, physiotherapists, and strength coaches. The company aspires to redefine chronic care in India — from frailty and dependence to strength, vitality, and independence.

Download the medial app to read full posts, comements and news.