Our latest funding roundup covers early stage investments made in AI, e-commerce, home healthcare, and fitness apps, with a couple of seed investments in media tech, apart from a manufacturer of low-cost opthalmic hardware and software solution provider. Here’s an overview of funding activity during the week that saw PM Modi reveal his Startup India, Standup India action plan.
Delhi-based KartRocket, a provider of e-commerce platforms for small retailers and SMEs, has raisedreportedly raised $6 million (roughly Rs. 40 crores) in a round of funding led by Bertelsmann India Investments (BII). The startup had raised its Series A funding from Nirvana Venture Advisors, 500 Startups and Beenos in 2014, and reportedly works with 7,500 shops and makes 10,000 listings each day.
Mumbai-based home healthcare provider, Care24 has reportedly raised $4 million (roughly Rs. 27 crores) from SAIF Partners its Series A funding round, with participation fromseed investor India Quotient. Care24 lists verified physiotherapists, nurses and attendants on its platform and claims to have over 3,000 patients on its platform.
Bengaluru-based opthalmic hardware maker Remidio has reportedly raised an undisclosed amount in Series B funding from domestic HNIs and Cipher-Plexus Capital Advisors. Founded Anand Sivaraman and Pramod Kummaya, the company has launched two of its products, which includes a smartphone-based PAN Eye Imaging device.
(Also read: Three Products That Are Transforming Ophthalmology in India)
Smartphone fitness app Fitso, has reportedly secured Rs. 1.35 crores in an angel funding round. Founded in 2015 by Saurabh Aggarwal, the Gurgaon-based startup offers apps for Android and iOS, which lets users discover activies, challenges, and professionals in their locality.
Bengaluru-based SnapShopr, an AI startup focused on visual search and image recognition, hasreportedly secured an undisclosed amount in angel funding round from former CTO of Flipkart – Amod Malviya.
Car pooling app Orahi has reportedly raised Rs.3.5 crores from Indian Angel Network (IAN). Orahi offers apps for Android and iOS, and claims to have over 30,000 registered members who have shared over 80,000 rides on the platform, including car owners and passengers.
Mumbai-based health aggregator platform Zoctr has reportedly raised an undisclosed amount of funding from Times Group’s Brand Capital. Currently operating in Mumbai, Delhi, Kolkata, Pune, and Ahmedabad, the startup aggregates home health, telehealth and remote patient monitoring services, and plans to launch apps for Android and iOS soon.
Gurgaon-based media-tech startup Zapr, which claims to be India’s first comprehensive TV to mobile audience platform has reportedly raised an undisclosed amount of funding led by Flipkart, Saavn, Micromax, and Mu Sigma’s Dhiraj Rajaram. The company provides an audience platform which helps brands and media companies identify and re-engage audiences who have watched their TV commercials, across mobile, digital and social networks.