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#FundingAlert: Health-tech startup Eka.Care raised $4.5 million, Otipy raised $10.2 million, and more
Here's a round-up of the latest funding news.
Eka.Care raised $4.5 million in funding
Founded last December by Sahni and Deepak Tuli, the health-tech startup aims to build a digitally-enabled and connected healthcare ecosystem between healthcare providers and patients.
Eka.Care will use the fresh funds to build its team, for product development, marketing, and assisting doctors in setting up their digital clinics.
Mynvax raised $4.2 million in Series A
The funding round for the Indian Institute of Science, Bangalore, incubated startup was led by Accel, and other investors include LetsVenture, 1Crowd, and Kotak Investment Advisors.
Mynvax was founded in 2017 by Dr Raghavan Varadarajan and Dr Gautham Nadig, and aims to develop novel recombinant vaccines to fight the human influenza virus.
The startup will use the funds to further the clinical development of Mynvax's novel recombinant vaccines for Covid19 and human influenza.
Used car platform Spinny raised $108M in Series D
The funding round was led by Tiger Global and included existing investors General Catalyst and Avenir Growth.
Spinny aims to use the capital for strengthening its technology and product capabilities, market penetration and hiring of talent. The company also aims to increase its geographic footprint in the country.
GlobalBees raised $150 million in Series A
The financing round was led by FirstCry and also saw participation from Lightspeed Venture Partners.
The New Delhi-based startup acquires and partners with digitally native brands with a revenue rate of $1 million to $20 million. GlobalBees then helps them scale and sell to marketplaces.
Otipy raised $10.2 million
The agritech startup markets fresh vegetables, fruits, and other grocery items through its app. It sources over 2,500 tonnes of fresh produce from over 10,000 farmers across the country every month.
Its Series A of $10.2 million was led by SIG.
Launched in 2020, the company had earlier raised $2 million led by IPV.
Edtech startup Edvizo raised $1 million in a Pre-Series A
The funding for the Bengaluru-based startup was led by Inflection Point Ventures and will be used to enhance the technology stack, acquire more users, strengthening the tech and sales team and expansion to more cities.
The platform aims to help students and parents find, compare and enrol in the best and trusted private institutes in their locality.
Credit Fair raised $15 million in seed funding
The fintech startup envisions enabling every Indian to move up the credit ladder by providing access to the right amount of credit at the right cost and time. Founded in 2018, Credit Fair offers lending solutions to both businesses and private individuals at no cost or low cost, unsecured loan options at the point of sale.
Their seed funding was led by angel investors Anand Ladsariya and Alok Agarwal.
Amanat Khullar is the Content and Editorial Manager at ADIF.
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