India Dealbook: eKincare, Groww, The Wedding Brigade raise funds; PeopleStrong acquires Grownout

While startups eKincare, Groww and The Wedding Brigade have received funding, PeopleStrong has acquired B2B SaaS referral platform Grownout.

Health-tech startup eKincare raises $1.5m

Artificial intelligence-based integrated healthcare benefits platform eKincare has raised $1.5 million in funding from investors including Ventureast, Endiya Partners, Eight Roads, Touchstone equities, and BVR Mohan Reddy.

“The current round of funding will be used to grow and expand our technology platform and sales team and also get more doctors onboard. We are committed to providing effective and intelligent solution to healthcare system in India and contribute in developing a healthy ecosystem overall,” said Kiran Kalakuntla, Founder & CEO, eKincare.

Launched in 2014, the Hyderabad-based company’s personal health assistant reads medical data from health records and various healthcare interventions, predicts health risks and provides timely personalized recommendations to beat those risks.

Groww gets seed funding from Y Combinator, Mukesh Bansal, Ankit Nagori

Online investment platform Groww has raised funding from Y Combinator, Myntra founder Mukesh Bansal and former Flipkart CBO Ankit Nagori, according to an official statement.

Groww lets investors understand financial products through its user-friendly interface and content that is specific to their needs.

“Our long-term vision is to build a modern financial services company out of India, accessible to everyone. That means anything that users get from a bank, should be able to get it faster and cheaper on Groww with 10x better user experience,” Lalit Keshre, Co-founder & CEO said.

The Wedding Brigade raises $1m in a round led by Blume Ventures

Mumbai-based online wedding startup The Wedding Brigade has raised $1 million in a round of funding led by Blume Ventures.

Czar Capital, Mountain Pine Capital, Lets Venture investors and the Keiretsu Forum also participated in the pre-Series A round.

The company plans to use this funding to expand its team and business verticals, strengthen its community, and introduce an array of new products and services to the market.

Earlier in 2016, The Wedding Brigade also raised around $600,000 led by Blume Ventures, along with four other angel investors.

PeopleStrong acquires B2B SaaS referral platform Grownout

PeopleStrong, a SaaS HR technology and solutions company, has acquired B2B SaaS referral platform Grownout for an undisclosed amount.

“With this acquisition, PeopleStrong’s SaaS HR technology PeopleStrong Alt will become the only global recruitment product from India with a comprehensive offering, right from sourcing, match making to offer generation and onboarding – all powered by Machine learning,” the company said in a release.

Matrix Partners-backed Grownout will now become a part of PeopleStrong’s Alt product suite and its team will join the core product team of PeopleStrong.

Recruitment Tech is one of our key focus areas and Grownout technology will help us take it to the next level through AI based matchmaking & Social Profiling,” Vishal Saha, Founding Member and Chief Technology officer, PeopleStrong said.

This marks the fourth strategic investment for PeopleStrong, after Webpay, Summit HR’s Frontline business andIL&S (Wheebox), where the company owns a majority stake.

Also Read:

eKincare raises up to $330k in pre-Series A round

The Wedding Brigade raises $600k in pre-Series A led by Blume Ventures

India: Multiples PE buys controlling stake in HR firm PeopleStrong

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.