India Dealbook: IDFC-Parampara backs Data Resolve; Juno Clinic gets Pre Series A

Juno Clinic has secured $1.2 million in a Pre-Series A funding round led by Atul Nishar, founder of Hexaware Technologies and Aptech Computers, while the IDFC-Parampara JV has announced its maiden investment in Data Resolve Technologies.

Juno Clinic gets $1.2m Pre-Series A

Mumbai-based Juno Clinic has secured $1.2 million in a Pre-Series A funding round led by Atul Nishar, founder of Hexaware Technologies and Aptech Computers.

The round also saw participation from the family office of Sunita and Neeraj Bhargava (founder of Zodius Capital), Vikas Khemani (President & CEO, Edelweiss Securities Ltd) and other individual investors.

Started in January last year by Davesh Manocha, Anuraag Srivastava, Arun Kumar and Dr Vishal Sawant, Juno Clinic provides online counselling through video, phone and chat, as well as in-person counselling out of its clinics in Mumbai.

Juno Clinic is not an aggregator for service providers, but hires senior psychologists and psychiatrists full time. The company currently claims to have a medical team of 35 such specialists at present.

IDFC-Parampara JV backs Data Resolve

The early-stage fund launched jointly by Parampara Capital and IDFC Alternatives has announced its maiden investment of $1 million in cyber security and cyber intelligence startup Data Resolve Technologies.

IDFC Alternatives, the private equity arm of IDFC group, announced its partnership with venture capital firm Parampara Capital last month to launch a $15 million early stage fund targeting innovative startups.

Data Resolve will use the funds to scale up its sales and tech teams, further expand across India and the Middle East, and to launch innovative products, the company’s CEO Dhruv Khanna said. The company currently claims to have a clientele of 100 companies ranging from startups, small and medium-sized businesses to multinationals.

IDFC Parampara Early Stage Opportunities Fund Series I, seeks to make Series A investments in companies across sectors where technology, intellectual property and innovation are primary differentiators.

Also Read: India: IDFC Alternatives partners Parampara Capital to launch $15m fund

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