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.

Also Read:

Hasiru Dala raises funding from Ennovent

Balance Technology secures $233k funding from Rainmatter

Exclusive: Impact investor Ankur Capital to launch $50m fund next year

IIX, PTI Australia ink impact investing agreement for women-focused enterprises

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.