EaseMyAI, Elevate Now, Jarsh Safety, SigTuple secure funds
YourStory presents daily funding roundup from the Indian startup ecosystem and beyond. Here's the roundup for Wednesday, March 1, 2023.
NoBroker grabs additional Rs 40 Cr in Series E funding
Proptech unicorn has bagged an additional Rs 40 crore ($5 million) in Series E funding from Google, which joins existing investors General Atlantic, Tiger Global, and Moore Strategic Ventures in the fundraise.
The fresh capital will be used to reach out to more customers across current and new cities, and use tech to streamline the entire real estate journey—from search to shifting houses to managing society. The current raise is an expansion of the startup's Series E round. In November 2021, NoBroker raised a massive $210 million and made its entry into the coveted billion-dollar valuation club.
As part of the funding deal, Google and NoBroker will collaborate to enhance user experience and work towards making the real estate journey seamless—from finding a home to living in a housing society.
EaseMyAI raises Rs 1.8 Cr in seed round
Artificial Intelligence (AI) and automation-as-a-service platform has raised Rs 1.8 crore in a seed round led by Inflection Point Ventures (IPV).
Founded in June 2022 by Gagan Randhawa, Yaman Bhardwaj, Jekin Dedhia, and Surendra Sancheti, the Mumbai-based startup allows businesses across segments like BFSI, agriculture, healthcare, and manufacturing to deploy AI-based operating systems to automate their operations and processes.
It claims to have catered to over 30 clients, including Hitachi, Ericsson, Mundra Port, ICICI Bank, Standard Chartered Bank, and Treasure Inc. (a Japanese entity).
Raising funds for growth, the firm plans to further expand its reach to Sri Lanka, UAE, Japan, Singapore, and other regions through partners.
Elevate Now secures pre-seed funding led by W Health Ventures
Weight management firm has secured an undisclosed pre-seed funding round led by W Health Ventures, a healthcare-focused venture capital firm.
The funding will help the company to expand its operations offline, it said in a statement.
Founded by Rahul Maroli and Suryansh Kumar, the Delhi-based company claims to offer tailored and doctor-led medication-based weight loss programmes, personalised health coaching, and habit coaching that aligns with clinical protocols designed for the Indian population. It has an active clinical advisory board led by obesity specialists.
It has launched an offline partnership-based obesity clinic in Aurangabad and looks to set up 10 more across India in 2023.
Mumbai Angels invests in Jarsh Safety
Private investment firm Mumbai Angels has invested Rs 3 crore in , a safety innovation company that builds safety wearables, typically for the industrial segment.
The pre-seed round of funding also saw the participation of angel investors and the family office of a leading helmet manufacturer. The startup will utilise the funds to expand its sales and marketing outreach as well as its product portfolio.
Jarsh team with K.T. Rama Rao, the I.T. minister of Telangana
The Hyderabad-based company has more than five patents in the field of safety and security and claims to be working with brands like JCB India, NIA Limited (Dubai), and Karam Safety to provide safety equipment like helmets for their workers.
Healthtech startup SigTuple raises fresh round of funding from Endiya Partners, Accel
Healthtech startup has raised Rs 34.5 crore ($4.3 million) in a fresh round of funding led by existing investors Endiya Partners and Accel, with participation from a few strategic leaders from the Healthcare sector. This fresh fund is part of its Series C round of funding.
The team will use the capital to drive geographical expansion, expand product portfolio and support regulatory clearances, it said in a statement.
The Bengaluru-based firm said its flagship product AI100 is getting traction in the Indian market. It claims to have expanded its network of channel partners and medical device distributors in India and Indonesia and has forged partnerships well-known diagnostic chains and hospitals like HCG Hospitals, Krsnaa Diagnostics and Thyrocare Technologies.
(The copy will be updated with the latest news throughout the day.)
Edited by Affirunisa Kankudti
