Stride Ventures leads funding in MediBuddy and 14 more India deal updates

Venture debt fund Stride Ventures has led a debt funding round of about $3.4 million (Rs25 crore) in digital healthcare platform MediBuddy, per an announcement on Tuesday.

MediBuddy will utilise the funding to further strengthen its technology, operations, and marketing, Stride Ventures said in a statement.

“Telemedicine is growing at a monumental pace in India and the pandemic has only further amplified the importance of going digital,” Satish Kannan, co-founder and CEO, MediBuddy, said.

Led by co-founders Kannan and Enbasekar, MediBuddy helps its users consult specialist doctors, order medicines, and book lab tests from the comfort of their homes. It is also a partner to several leading corporate customers in the country and helps their employees access multiple healthcare benefits

The company claims to have a network of over 90,000 doctors, 7,000 hospitals, 3,000 diagnostic centres and 2,500 pharmacies covering 95% pin-codes in India.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from June 3-8, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
MediBuddyBengaluru3.4 millionDebtStride Ventures-Healthcare ServicesHealthTech
CandesDelhi3 millionAnuraag and Ruchirans Jaipuria, Nitin Passi, Dheeraj Jain-ElectronicsE-commerce
TruemedsMumbai5 millionSeries AInfoEdge Ventures, Asha Impact, Indian Angel Network-PharmaceuticalsE-commerce
QuickSellMumbai2 millionPre-Series AInfoEdge Venture Fund, BEENEXT-SoftwareSales & Marketing Software
SwifLearnGurugram3 millionPre-Series AStellaris Venture Partners, Venture HighwayVarun Alagh, Ramakant Sharma, Alok MittalEducation/TrainingEdTech
CureFitBengaluru75 millionCorporateTata Digital-Healthcare ServicesFitness & Wellness
CashfreeBengaluru-DebtState Bank of India-Financial ServicesFinTech
OutreachBengaluru200 millionSeries GPremji Invest, Steadfast Capital VenturesTiger Global Management, Sequoia Capital, Vista Equity, Salesforce Ventures, Lone Pine Capital, Sands Capital, Mayfield Fund, DFJ Growth, Trinity VenturesSoftwareSales & Marketing Software
epiFi Bengaluru12 millionSeries ARibbit Capital, Sequoia Capital-Financial ServicesFinTech
Now&MeDelhi1 millionSeedSaama Capital, Whiteboard Capital-Healthcare SpecialistHealthTech
FylloBengaluru410,598SeedIndian Angel Network (IAN), Titan Capital, and Lead Angels-AgribusinessAgTech
Blaer Motors Chennai357,534-The Chennai Angels-Industrial MachineryElectric/Hybrid Vehicles
Cora HealthBengaluru--Apurva Parekh, KRS Jamwal, Dhanpal Jhaveri, Amit Chaudhary, Kushagra Pant, Neha Saraf, Anusuya Roy, Ajay Mian, Headstart Investor Circle-Consumer ProductsFitness & Wellness
CarterXBengaluru-SeedVenture CatalystsMumbai Angel Network, JPIN, Swati Mehra, Nikhil VoraLogistics/DistributionRidesharing/Transport
GoMechanicGurugram35 millionSeries CTiger GlobalSequoia Capital, Orios Venture Partners, Chiratae Ventures Consumer ServicesE-commerce

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.