India Dealbook: Chiratae, Alkemi back Elawoman; Sattvaponics, Betterhalf raise funding

Photo: Reuters

Elawoman, a data-driven fertility platform, has raised $3 million in a Series A funding round led by Chiratae Ventures and Alkemi Venture Partners. In other funding news, Centre for Innovation Incubation and Entrepreneurship has invested in agtech startup Sattvaponics, and Betterhalf.ai, a compatibility-based partner search platform, has secured a seed funding of $500,000.

Chiratae, Alkemi invest $3m in Elawoman

Elawoman, a data-driven fertility platform, has raised $3 million in a Series A funding round co-led by Chiratae Ventures (formerly IDG Ventures India) and Alkemi Venture Partners, a healthcare and consumption-focused early growth-stage fund.

The announcement comes a day after IDG re-branded itself as Chiratae Ventures. ElaWoman, which connects patients to doctors at in vitro fertilisation (IVF) centres, plans to use the funds to improve technology and to expand its geographical reach to non-metro cities in India, and across the Asia Pacific.

IIM-A incubator, Mariwala back Sattvaponics

Centre for Innovation Incubation and Entrepreneurship (CIIE) initiatives, the technology business incubator of Indian Institute of Management Ahmedabad (IIMA), has invested an undisclosed amount in agtech startup Sattvaponics.

Sanjaya Mariwala, a veteran of the natural products industry and also the founder and managing director of OmniActive Health Technologies, also invested in the round. This investment marks CIIE’s ninth investment in the agtech sector.

CIIE has, in the past, made seed investments in agtech startups including, Agricx, Barrix, Sickle Innovations, Flybird Innovations, and Parvata Foods.

Betterhalf.ai raises $500K seed funding

Betterhalf.ai, a compatibility-based partner search platform, on Thursday announced that it has secured a seed funding of $500,000 through angel investors including former Google India managing director Shailesh Rao, former Flipkart investment director Vinay Subramanian, FirstPenguin Capital’s Rehan A Khan and other senior leaders from Google, Uber and Amazon.

The current round of capital will be utilised in building AI capabilities, and in technology and talent investments. The company has raised about $750,000 till date.