India Dealbook: Disha Medical, Zorba Renaissance, Jumpstart raise funding

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Eye-care chain Disha Medical Services, Zorba Renaissance Pvt. Ltd, the owner of Sarva chain of yoga studios, and SaaS startup Jumpstart have raised funding.

Disha Medical raises $4m, Sarva fully exits

Eye-care chain Disha Medical Services Pvt. Ltd has raised $4 million in its Series C round of funding from venture capital fund Insitor Impact Asia Fund,the Nilekani Family Office, and other high net worth individuals.

The funding round also paved the way for a full exit for the company’s earliest investor Sarva Capital, a fund of social-impact investor Lok Capital, per an announcement.

Disha will use the funding proceeds to further strengthen its position in the existing regions by building over 10 more hospitals, vision centres and mobile eye clinics, and also to expand strategically in other states. The company currently manages six eye hospitals, six mobile eye clinics and four vision centres across various towns of Karnataka.

Zorba Renaissance snags $4m

Zorba Renaissance Pvt. Ltd, which runs the Sarva chain of yoga studios, has raised over $4 million from a clutch of individual investors, including Bollywood actors Shahid Kapoor and Malaika Arora, and Hollywood actor-singer Jennifer Lopez.

Other investors who participated in the round included David Giampaolo, chief executive at Pi Capital, Mark Mastrov, founder of 24 Hour Fitness, and Alex Rodriguez, per a regulatory filing on Monday.

Talwalkars Better Value Fitness Ltd had acquired a stake in Zorba in 2015.

Venture Catalysts backs Jumpstart

Startup incubator Venture Catalysts Tuesday said it has invested an undisclosed amount in Jumpstart, a software-as-a-service based customer interaction platform.

“This funding round will help us double down on our industry-first innovation, driving millions of businesses to adopt digital transformation going around them,” Raghav Soni, co-founder, Jumpstart, said in a report published by YourStory.

Started in late 2017 by Soni and Qamar Siddiquie, Jumpstart claims to have already acquired over 4,000 businesses across 50 verticals in the retail and service space.