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Karma Healthcare, ZineOne raise funds; Ola partners with IRCTC

Team YS
21st Mar 2018
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Rajasthan-based health tech startup Karma Healthcare raised around $500,000 in equity funding from early-stage investment firm 1Crowd. Existing investors Ankur Capital, Ennovent Capital and Beyond Capital, and angel investor Anil Chatta, among others, participated in the round.


Amazon India will rejig its seller fee structure effective from April 19 to make the platform an attractive marketplace for both sellers and buyers. Now, third-party sellers have to shell out more for categories like shoes and apparels to keep their merchandise in Amazon’s fulfilment centres for a long time.


Set up by former Helion Venture Capital Senior Managing Director Kanwaljit Singh, Fireside Ventures focuses on early-stage consumer brands. The venture fund announced the first close of Rs 180 crore in May 2017, and has now announced final close at Rs 340 crore.

Fireside Ventures
(L to R): VS Kannan Sitaram, Vinay Singh and Kanwaljit Singh of Fireside Ventures

Cab aggregator Ola has partnered with the Indian Railway Catering and Tourism Corporation allowing commuters to book an Ola cab from the IRCTC website and app. Customers can choose to pre-book cabs up to seven days in advance, or upon reaching the railway station.

Also, Ola’s self-serving kiosk on IRCTC outlets at railway stations will enable commuters to book cabs

ZineOne announced it had raised $2.5 million in a Series A round led by Omidyar Network, the Silicon Valley-based impact investing firm established by Pierre Omidyar, the Founder of eBay. This brings ZineOne’s total venture capital received to date to $5 million.


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