India Dealbook: Startups Oxa Medical, AdUrCup and Mobisy Tech raise funds

Photo: Mint

Medical tourism firm Oxa Medical, retail tech startup AdUrCup and Bengaluru-base tech company Mobisy Technologies have raised funds.

Medical tourism startup Oxa Medical raises funds from Idein Ventures

Medical tourism startup Oxa Medical has raised an undisclosed amount from UAE-based Idein Ventures.

The seed funding will be used by the Hyderabad-based startup to standardise their platform and scale up their operations.

“We are creating a one-stop shop for people travelling to India for healthcare or medical treatment purposes. We not only arrange for travel, accommodation and treatment but also provide pre-travel medical consultation and post-treatment care services,”  Shashank Shrivastava, founder, Oxa Medical said.

While it is currently strengthening its position in India, it also plans to expand overseas.

AdUrCup raises $325k in pre-Series A round

AdUrCup, a startup operated by Adcount Technologies Pvt Ltd has raised around $325,000 in pre-Series A round of funding from undisclosed investors as well as existing backers.

According to a company statement, the Noida-based firm which is an online managed marketplace for procurements needs of restaurants, plans to raise $500,000 in this current funding round, 65 per cent of which it has already raised.

AdUrCup plans to use this latest funding to expand its operations to new cities as well as building stronger unit economics.

Launched in 2015, AdUrCup earlier received an undisclosed sum in funding from the founders of Dineout in July 2015. It also received $100,000 seed funding as it joined accelerator, GHV.

Mobisy Tech raises $382k bridge round

Mobisy Technologies Pvt. Ltd has raised $382,000 bridge round from existing investor Ojas Ventures and two undisclosed angel investors, according to a VCCircle report.

Bengaluru-based Mobisy, which operates  supply chain automation platform Bizom and mobile marketplace app Distiman, is in talks to raise $5 million in its Series A round.

Arun Narayanan, co-founder, Mobisy Technologies, confirmed the funding round, and told VCCircle that the capital will be used to expand Distiman geographically and scale up Bizom’s operations.

Launched in 2007, Mobisy Technologies had received $300,000 in seed funding from Ojas Ventures in 2013.

Also Read:

Exclusive: Indian accelerator GHV backs fashion platform IStyleYou, ad network AdUrCup

India: Mobile app Distiman in talks to raise $5m Series A funding

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.