India Dealbook: ERC Eye Care, trading platform STREAK raise funding

While ERC Eye Care has raised $1 million, algorithm-based trading platform STREAK has raised $352,000 in seed funding.

ERC Eye Care raises $1m from Ankur Capital, Ennovent, others

ERC Eye Care (ERC), which provides eye care solutions to low-income persons in Northeast India, has raised $1 million from a consortium of five investors led by existing investors Ankur Capital and Ennovent.

The investors were brought together by Impact Investment Exchange (IIX).

Indian Government-led North East Development Finance Initiative (NEDFi), also participated in the round along with two international investors from Japan and Europe, according to an official statement.

The funds raised from this round will support the development of two new hospitals, each supported by mobile vans to reach rural populations for diagnosis. At present, ERC has already established two specialist eye care hospitals in Assam.

In December 2013, ERC had raised an angel round of funding from Ennovent and Ankur Capital, among others.

Trading platform STREAK raises seed funding from Rainmatter

Algorithm-based trading platform STREAK has raised Rs 2.25 crore ($352,000) seed funding from Rainmatter, incubator and fund of broking firm Zerodha.

Founded in August last year, by Harsha Manohar, Vipul Divyanshu and Jayalakshmi Manohar, the Bengaluru-based company provides a platform to algo trade, without coding.

In 2015 Zerodha, started its incubator Rainmatter, which invests Rs 2-4 crore in each startup. It has so far invested in seven fintech startups, including Tradelabs, Smallcase, Digio, Balance, Neotrade and Streak.

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