India Digest: MyHealthcare, HealthSignz, Dishq, Timla Foods, Healthfin, forBinary, Printo, Goodera, Coolberg raise funds

(Clockwise from back left) Vivek Mathur, Mayank Khanduja, Deepak Gaur, Mukul Arora, Mukul Singhal and Mridul Arora of SAIF Partners. Photo:Priyanka Parashar/Mint

In a spate of startup fund news from India, MyHealthcare, HealthSignz, Timla Foods, Healthfin, Dishq, forBinary, Printo, and Goodera have secured funding.

MyHealthcare raises $2m Series A round

MyHealthcare, a healthtech startup operated by Gurgaon based InnoCirc Ventures, has raised $2 million in a Series A round of funding led by Hunch Ventures and Ajay Nanavati, an angel investor and former MD of 3M India & Israel. The platform helps connect healthcare givers, hospitals, diagnostics, patients and their family. It has launched operations across India and is now expanding its services to Malaysia, Indonesia and Myanmar. It counts Fortis Hospitals, Cygnus Hospitals and PH Siloam Hospitals (Myanmar) among its customers.

HealthSignz bags $5m funding

Bengaluru-Hyderabad based healthtech startup HealthSignz on Tuesday said it has raised $5 million in a funding round led by Dr. Kantilal Patel, founder of Nirvana Health Group, a New Zealand-based primary healthcare group. HealthSignz is an artificial intelligence driven platform to provide targeted solutions to its users. The startup intends to enhance healthcare at all operational levels enabling an inclusive healthcare ecosystem. The platform is currently operating in a pilot mode, and is planning a commercial launch in August this year.

Techstars’ accelerator, others back Dishq

Dishq, a Bengaluru-based startup that uses artificial intelligence to deliver personalized food recommendations, has raised $400,000 in a pre-seed round of funding from Techstars Farm to Fork accelerator and Arts Alliance. Existing investors Zeroth, a startup accelerator, and Artesian Venture Partners also participated in this round. Other investors included The Syndicate Fund and angel investor Sven Hensen, founder and managing partner of business analytics firm mayato. The company will use the funds to expand its engineering team and to accelerate its sales and marketing activities, it said in a statement.

Anicut extends debt to Timla Foods

Kae Capital-backed Timla Foods, which makes ready-to-eat popcorn under the brand ‘Popi-Corn’, has raised $2 million in debt financing from Anicut Capital, reported The Economic Times. Hyderabad-based Timla has so far raised over $3 million in debt and equity, and is present across Andhra Pradesh, Telangana, Delhi and Bengaluru. Since inception in 2016, the startup has expanded to over 35,000 retail touch points in key metros, selling about 150,000 packets every month, the report added. Timla Foods aims to close FY19 with about Rs 80-100 crore in revenue.

Axilor Ventures invests in Healthfin

Pune-based health financing startup Healthfin has raised $500,000 in a pre-Series A round of funding from Axilor Ventures, Sprout Venture Partner and Manish Khera, former CEO of Airtel Payments Bank who invested in his personal capacity, reported The Economic Times. The startup intends to use the funds to expand operations, partner with more hospitals, and strengthen its technology platform. The company plans to increase its presence from six cities to nine in the next six months, and treble the number of hospital partners from around 100 now, the report added. The company claims to have served more than 3,000 customers so far.

JRS Investments, others back forBinary

Mumbai-based do-it-yourself (DIY) app maker platform forBinary has raised an undisclosed amount in seed funding from from JRS Investments and other angel investors, according to media reports. The startup will the funding proceeds to boost growth and expand product offerings. The company operates a software-as-a-service (SaaS) platform that allows business-to-business (B2B) enterprises go mobile instantly, without the need for writing codes. The platform is used by MSMEs and large enterprises to create custom mobile solutions for different use cases including customer management, employees and dealers/distributor engagement and data collection.

Info Edge injects $2.9m in Printo, divests Canvera stake

Info Edge (India) Ltd, the parent company of job portal Naukri, on Tuesday said it is investing Rs 20 crore ($2.9 million) for about 23.54 per cent stake in retail printing chain Printo Document Services Pvt Ltd. The company has also decided to divest its entire 70.47 per cent holding in Canvera Digital Technologies Ltd., held through wholly owned subsidiary Startup Investments Holding Ltd., for a nominal consideration to Printo. Info Edge invested an aggregate amount of Rs.121.1 crore in Canvera for the 70.47 per cent stake, which had already been booked as loss on account of diminution in value/provision for impairment.

SAIF, Nexus lead funding in Goodera

Bengaluru-based CSR lifestyle management platform Goodera has raised an undisclosed amount in a Series B funding round led by SAIF Partners, Nexus Venture Partners, and Omidyar Network, INC42 reported. The startup had raised Series A funding of $5.5 million from Nexus Ventures Partners and Omidyar Network in 2017. Mumbai Angels, which had first invested in Goodera in 2015, also announced its exit from Goodera.

Coolberg raises seed funding

Mumbai based startup Coolberg Beverages Pvt Ltd on Wednesday announced that it has secured an undisclosed amount as seed funding from India Quotient Fund and the Indian Angel Network’s maiden fund for further expansion. The startup is known for its non-alcoholic beer available in a wide range of variants. The round was led by Sanjay Mehta and Anirudh Agarwal through IAN and Madhukar Sinha from IQ. Anirudh and Madhukar will join the board of Coolberg.

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.