India Dealbook: HealthAssure, Doubtnut raise funds; Page acqui-hires Aetlo Tech

While healthcare firm HealthAssure and ed-tech startup Doubtnut have raised funds, UK-based Page Solutions has acquired Aetlo Tech.

HealthAssure raises $1m from The HR Fund

Health-tech startup HealthAssure has raised $1 million from human resources-focussed investment firm The HR Fund in a pre-Series A round.

The healthcare services aggregator plans to use this latest funding to develop new primary healthcare products, besides investing on its digitisation and distribution initiatives, according to an official statement.

The company also plans to use these funds to augment its B2C segment. Founded in 2011, HealthAssure’s technology platform helps discover health centres and doctors in their vicinity, allows booking appointments and deliver medical reports online.

Ed-tech startup Doubtnut raises $539k

Multi-lingual online learning platform for students Doubtnut has raised a Rs 3.5 crore ($539,000) Pre-Series A round  led by WaterBridge Ventures.

According to an official statement, the round also saw participation from Omidyar Network.

Doubtnut plans to use the capital to expand its platform, add more subjects, support more Indian languages and accelerate the development of several new product features.

Under the terms, Sarbvir Singh, Partner at WaterBridge Ventures, will join Doubtnut’s Board of Directors and Omidyar Network will also appoint a Director to the Board.

UK’s Page Solutions acqui-hires Aetlo Tech

UK-based banking and financial services company Page Solutions has acquired Mumbai-based blockchain startup Aetlo Tech for an undisclosed amount.

This acquisition will help strengthen Page Solutions’ technological foothold in blockchain solutions in BFSI and Enterprise solutions worldwide. Post the acqui-hire, the new team will now be in a unit called Page Chain Technologies Pvt Ltd, which would be the Blockchain subsidiary company of Page Solutions.

Aetlo Tech developed an automated health insurance claim management system as well as a blockchain based Trade Finance and Robust KYC framework.

Team Aetlo will now continue to improve their existing products as well will be working on different banking and financial sector use cases of blockchain along with Page Solutions.

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