Our latest funding roundup compiles seed stage investments in Indian startups engaged in vehicle tracking, on demand concierge services, healthcare, EdTech, FinTech, and more.
Gurgaon-based on demand concierge service Qlivery, run by invexGO Solutions Private Limited, has raised $230,000 (roughly Rs. 1.5 crores) from Hong Kong-based Swastika Company Limited. The startup plans to use the funds to expand the team, geographical reach and add customers. A substantial amount of current fundraise will be used to improve the technology stack, including implementation of artificial intelligence, said Rohit Pansari in an emailed statement.
School bus tracking app AppAlert has raised $900,000 (roughly Rs. 5.9 crores) in its seed round of funding, led by Narinder Singh, a US-based serial investor. The funding secured will be deployed to build and enhance the core application and to expand its service offerings in markets of Singapore, Indonesia, Philippines, and Australia, the company said, adding that it has kicked off trials at more than 20 schools in NCR and Mumbai.
New Delhi-based healthcare services startup Pramati HealthCare, which provides caretakers for patients at home has reportedly raised $200,000 (roughly Rs. 1.3 crores) in Pre Series A round of funding. The startup is currently offering services in Delhi NCR region.
Avagmah Bengaluru-based EdTech startup Avagmah reportedly raised an undisclosed amount of funding from Kris Gopalakrishnan, Co-Founder and Former CEO of Infosys, and Atul Nishar, Founder of Hexaware, and existing investors. The startup provides a combination of cloud-based SaaS (software-as-a-service) technology to universities for increasing the reach and appeal of their programmes.
Mumbai-based healthcare player Healthenablr has reportedly secured $800,000 (roughly Rs. 5.3 crores) in a new round of funding from undisclosed investors. Currently operational in Mumbai, Kolkata and Bengaluru, the startup provides apps for Android and iOS which can be used to chat or have a video consultation with a doctor, or even book an appointment.
Bengaluru-based Buildwealth Technologies has reportedly raised $250,000 (roughly Rs. 1.65 crores) in angel funding from a group of angel investors. The robo advisor’s investment algorithm in mutual funds is based on a process called Capital Asset Pricing Model, proposed by Nobel Prize-winning economists.