Ayu Health snags funding from Vertex, Stellaris and 10 India deal updates

Ayu Health, a healthtech startup with a network of hospitals, Thursday announced that it has raised $6.3 million in Series A financing from Vertex Ventures and Stellaris Venture Partners.

The round also saw the participation of marquee angel investors including Varun
Alagh of Mamaearth, Ashish Gupta of Helion and Rajat Goel of EyeQ Hospitals.

The fund infusion will help Ayu expand its hospital network and build new technology solutions to enable insurance processing, efficient procurement and clinical quality management at network hospitals, it said in a statement.

Founded in 2019, Ayu Health has over 20 hospitals in Chandigarh and Bengaluru – all accredited by National Accreditation Board for Hospitals & Healthcare Providers (NABH). The startup enables its network hospitals with technology to maintain high clinical standards and provide a better patient experience at an affordable cost.

Ayu Health expects to grow its business 10x in FY22 and expand its bed capacity to 5000+ beds in 6 cities by December 2022.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India announced from September 15-16, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Ayu HealthBengaluru6.3 millionSeries AVertex VentureS, Stellaris Venture PartnersVarun Alagh, Ashish Gupta, Rajat GoelHealthcare ITHealthTech
Boutique Spirit BrandsMumbai11 millionEquity/DebtIIFL, Anicut Angel Fund, Kae Capital, TradeCred-Food
ApnaBengaluru100 millionSeries CTiger Global ManagementOwl Ventures, Insight Partners, Sequ-oia Capital India, Maverick Ventures, GSV VenturesInformation ServicesHR Tech
BharatAgri Pune6.5 millionSeries AOmnivoreIndia Quotient, 021 CapitalInformation ServicesAgTech
Mensa BrandsBengaluru10 million-Tiger Global-Financial ServicesE-commerce
ScalenutGurugram400,000SeedTitan Capital, First Principles VC, AngelList, Abhishek Goyal-SoftwareSaaS
Artium AcademyMumbai750,000SeedSonu Nigam, Jet Synthesis, Whiteboard capital-Education/TrainingEdTech
QuizbeeNoida-Pre-SeedKanodia group-Travel & LeisureeSports
Awon GameZNoida2 millionSeed--Travel & LeisureeSports
FlatheadsBengaluru1 millionPre-Series AWe Founder Circle, Dexter Angels, Gaurav Kapur, Sahil Barua, Radhika Ghai-Consumer ProductsE-commerce
eShipzBengaluru700,000-Indian Angel NetworkAxilor VenturesLogistics & DistributionSaaS
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.