Indian startups raised $151.6 million this week, led by Farmley, Hocco, and Celeb Technologies

Indian startups

Indian startups made 24 deals from May 12th to May 17th. This week, around $151.6 million in funding was raised from these deals, a 74 percent decrease compared to last week. Funding activity in India’s startup ecosystem declined this week. It went from last week’s 587 million USD raised through 27 deals to 151.6 million USD through 24 deals.

Farmley, the e-commerce startup, led both the overall and sector-wise funding lists this week. The total funding amount raised by the startups in this sector was $54.9 million across four deals. Farmley secured $40 million in its series C funding round from L Catterton, DSG Consumer Partners, and other investors. Another e-commerce platform, Hocco, received a $10 million investment from Chona family office and Sauce.vc in its series B round.

The health tech sector emerged as the second most funded sector with 29 million USD raised across three deals. The online healthcare platform Complement1 led the health-tech sector with $16 million raised during its seed funding round from Owl Ventures and Blume Ventures. Another health tech startup, Avammune Therapeutics, also secured $12 million during its series A funding round from Capital 2B, Kotak Alternate Asset Managers, IvyCap Ventures, Shastra VC, and other investors.

The seed funding sector saw a huge decline this week, going from last week’s $227.4 million to this week’s $29.8 million. The e-commerce and enterprise tech sectors had the highest number of deals, with four deals each. The enterprise-tech sector raised 22.2 million USD across four deals this week. SaaS platform Celebal secured $15 million during its series B funding round from InCred Capital and Norwest Venture Partners. This online platform provides AI-powered enterprise solutions and digital transformation services.

Most of these startups were from e-commerce, enterprise tech, and health tech sectors, followed by fintech and media and entertainment startups like ReelSaga. Other major deals this week include. The fintech startup, Stashfin, secured $9.3 million during its debt funding round from Northern Arc, Coinmen Special Opportunities Fund, and other investors. The deeptech startup TIEA Connectors raised $2.6 million in its new funding round from Jamwant Ventures, 8X Ventures, Valour Capital, and IvyCap Ventures. 

Enterprise tech firm Adopt AI contributed $6 million this week, securing this amount in its seed funding round from Elevation Capital, Powerhouse Ventures, Darkmode Ventures, and Foster Ventures. Flam topped the Media & Entertainment sector list by raising 14 million USD in its series A funding round from RTP Global and other investors. Zenergize is the cleantech startup that raised $2 million in its seed funding round from angel investors, including Mohit Tandon and Himanshu Aggarwal. Titan Capital and IvyCap Ventures emerged as the most active investors by funding two startups this week.

Adtech startup Quikr reported Rs 45 crore in revenue, with a profit of Rs 2 crore in FY24

Quikr logo

Quikr is an online platform offering second-hand products that announced an 11.8 percent decrease in operational revenue to Rs 45 crore in FY24. The startup provides multi-category products including clothes, furniture, used books, pre-owned cars, and more. The firm’s primary revenue source is the referral fee and advertisement services.

The firm also earns its income through commission and other services, which stood at Rs 3 crore in FY24. The referral and advertising fees accounted for 86 percent of total operating revenue. Referral fees brought Rs 22 crore to the total revenue, while advertisement services generated Rs 17 crore for this financial year. The gains on financial assets and Rs 11 crore from provision write-backs brought the total income to Rs 56 crore in FY24. 

The online marketplace has secured over 380 million USD across multiple funding rounds since its inception. This includes $2.9 million raised during its venture debt funding round led by Trifecta Capital. Quikr provides an online marketplace for customers to connect, sell, rent, and buy goods. The company allows users to chat directly with sellers to negotiate, manage ads, and provide personalized alerts. 

The Bengaluru-based company managed to control its losses by 11.5 percent to Rs 54 crore by cutting down on its non-cash expenses. The firm posted a 10 percent decrease in its employee benefits, which was the largest expenditure and stood at Rs 37 crore in FY24. The advertising cost was around Rs 3 crore, while the depreciation and amortization expenses decreased to Rs 15 lakh in the same duration. 

Quikr receives investment from investors including Tiger Global Management, Matrix Partners India or Z47, Warburg Pincus, and others. The startup raised $100k during its angel funding round from investors including Ritesh Banglani, Alok Goyal, Anuj Srivastava, and others at its post-money valuation of 1.5 billion USD. 

The overall expenses declined by 11.5 percent and crossed Rs 54 crore, while profit stood at Rs 2 crore in FY24. The startup reported current assets of Rs 20 crore in this financial year, including cash and bank balance of Rs 2 crore. This marks an 80 percent decrease compared to FY23. The EBITDA margin improved and stood at 5.36 percent while the ROCE was around 1.69 percent in this fiscal year. The company faces competition from other platforms in the same market segment, such as eBay and OLX.

Consumer-services startup Luzo raised $550k from Enrission India Capital and other investors in its seed funding

Luzo logo

Luzo is an online platform for beauty and wellness services that raised 550,000 for Enrission India Capital in its ongoing seed funding round. The funding round saw the participation of the firm’s new and existing investors, including Orra Founders and Swiggy Dineout. The startup offers discounted appointments to its users. 

The company plans to use these fresh proceeds to scale its operations, improve its technology, and develop its brand presence. The firm offers a platform to help users easily book, reschedule, or cancel appointments without any additional charges. The online platform allows users to enjoy exclusive offers at a discounted price. The consumer service startup aims to make beauty and wellness services more affordable and accessible. 

Since its inception, the company has secured around 404k USD across two funding rounds, including $250,000 raised from Yash Kotak, 100X VC, and other investors during its pre-seed funding round. Luzo previously received an investment of $154k from 100X.V during a seed funding round in 2022. The firm has over 4 institutional investors, including Shavadia Ventures and Enrission India Capital.

The Mumbai-based startup also plans to use some of this investment to expand its partner network in the tier-I cities. The firm also aims to build a seamless digital-first experience for customers seeking high-quality wellness and beauty services. The company competes with other beauty and wellness platforms like Glam Studios, Be U Salone, and Vagaro. This latest funding round highlights the investor’s trust in Luzo’s market potential and business model in this sector. 

The company plans to increase its offerings and streamline the booking of verified service providers. The consumer service firm mainly focuses on offering quality services while meeting the increasing demand for premium grooming services. This investment will enable the startup to enhance its services and scale its platform. The development came after this sector saw an increased investor interest. Luzo provides its customers with curated wellness and beauty services through a tech-enabled platform. 

Conclusion:

Luzo is a consumer services startup that raised 550,000 USD from Enrission India Capital, Swiggy Dineout, and Orra Founders in its seed funding. The startup plans to use this fresh capital to grow its business in Tier-I cities, strengthen its technology infrastructure, and enhance its platform. By connecting customers to these centers at discounted prices, Luzo aims to become a top online destination for beauty and wellness.

The organization looks forward to positioning itself prominently in the market to make premium wellness services accessible to users at a reasonable price. The startup facilitates an online platform to connect spas, salons, and wellness clinics directly with consumers. The firm offers an online platform that offers high-end services at a low price. Luzo, raising this amount indicates the investment interest in the company’s market potential. 

Indian startups raised $587 million this week, led by PB Health, Porter, and Routematic 

Indian startups

Indian startups made 27 deals from May 5th to May 10th. This week, around $587 million in funding was raised from these deals, a ninefold increase compared to last week. Funding activity grew in India’s startup ecosystem this week, as the number went from last week’s 54.7 million USD raised across 15 deals to 587 million USD from 27 deals. 

The health tech startup PB Health topped both the overall and sectoral funding lists this week. The total funding amount raised by the startups in this sector was $218 million across this deal. PB Health secured $218 million in its seed funding round from General Catalysts, PB Fintech, and other investors.

The fintech sector emerged as the most funded sector with 230.6 million USD raised across four deals. The online payment platform BharatPe led the fintech sector with $15 million raised during its debt funding round from Neo Group and Trifecta Capital. The logistics startup, Porter, led the funding list in the logistics sector. The firm secured $200 million during its series F funding round from Kedaara Capital, Vitruvian Partners, and Wellington Management.

The seed funding sector saw an increase this week, as it stood at 227.4 million USD. The e-commerce sector had the highest number of six deals this week. The deep tech sector raised 42.5 million USD across two deals this week. The Good Bug led the funding list for the e-commerce sector this week. This e-D2C platform provides solutions to address various health concerns, including constipation and immune support. The startup secured $11.8 million during its series B funding round from Fireside Ventures and Susquehanna Asia Venture Capital.

Most of these startups were from fintech, deep tech, and e-commerce sectors, followed by edtech and travel tech startups like Routematic. Other major deals this week include. The real estate tech startup Flipspaces secured $35 million during its recent funding round from Prudent Investment Managers and other investors. Travel tech startup Routematic raised $40 million in its series C funding round from Fullerton Carbon Action Fund and Shift4Good.

Logistic firm Celcius Logistics contributed $29.3 million this week, securing this amount in its series B funding round from Eurazeo, InvyCap Ventures, Omnivore, and other investors. Trifecta Capital, Accel, and India Accelerator were the most active investors this week by backing two startups.

Conclusion:

27 deals were made by Indian startups from May 5th to May 10th, securing over $587 million in funding. PB Health secured the highest funding amount of $218 million from General Catalyst and other investors in its seed funding round. It dominated the funding trend in the health tech sector. 

Some of the major investments made include Porter, which secured the most funds under the logistics category with $200 million from its latest round of funding. The majority of these startups came under the e-commerce, fintech, travel tech, and deeptech categories, followed by consumer services startups such as Vaya, which secured $1.5 million in its seed funding round from Accel and other investors.

Fintech startup M1xchange secured $10 million from Filter Capital and others in its ongoing funding round

M1xchange logo

M1xchange is an online fintech platform offering financial services like invoicing that raised Rs 84 crore through a secondary transaction in its fresh funding round from Filter Capital. The startup is going to utilize the new proceeds to expand its operations, enhance its platform, and support its digital supply chain. This is the company’s first funding since the acquisition of its stake. 

The company plans on investing some of its funds into enhancing its capabilities. The firm’s digital supply chain operations target small, micro, and medium-sized enterprises. The fintech startup also intends to use the fresh capital for general corporate purposes and strengthen its market presence while gaining the trust of its customers. The company claims to have facilitated monthly invoice financing of around 1.2 billion USD for corporates and MSMEs. 

The startup operates as a Trade Receivables Discounting System Platform. The firm provides supply chain-related cash flow finance at competitive rates through an open bid process with multiple financiers. This investment came just two months after Jindal Stainless and its subsidiary acquired a 9.62 percent stake in the M1xchange. The company has investors including Amazon, SIDBI Venture Capital, and Mayfield. 

The Gurugram-based startup has raised around $47 million across multiple funding rounds since its inception, including $4.69 million secured during its series C funding round from BEENEXT, IndiaMART, and other investors. The fintech firm reported a 91 percent increase in its operating revenue to Rs 56.47 crore in FY24. The net loss decreased by 50 percent and stood at Rs 3.98 crore in the same duration. 

The development came just after the firm received increased investor interest. M1xchange claims to have facilitated over $20 billion in invoice discounting while onboarding 50,000 MSMEs, 66 financial institutions, including banks and NBFCs, and 2,800 corporates. The startup faces competition from other fintech startups in this market segment, such as Lendscape, Factorcloud, and mFactor.

The investment highlights Filter Capital’s trust in M1xchange’s business model and market potential. Filter Capital is an investment firm that focuses on tech-driven businesses in India. The company recently closed its first funding round in 2024 with a corpus of Rs 800 crore. The company’s portfolio includes Chalo Mobility, Capillary Technologies, and more. 

Conclusion:

M1xchange is a Gurugram-based fintech startup offering an online platform that facilitates the discounting of invoices and bills of exchange. The company raised Rs 84 crore in new capital through a secondary transaction from Filter Capital. The development came two months after the firm sold 9.62 percent of its stake to Jindal Stainless and its subsidiary. The company plans to use this amount to enhance its platform and support its digital supply chain finance operations. The company posted its operational revenue of Rs 56.27 crore with a loss of Rs 3.98 crore in FY24. 

Zebu, a defense technology startup, raised $1 million from Bluehill VC at its pre-series A funding round

Zebu

Zebu is a defense-tech startup that produces mission-ready counter-drone systems for the armed forces. The company raised 1 million USD from Bluehill Venture Capital during its pre-series A funding round. The startup is going to utilize the new proceeds to expand its operations, aid the modernization of the defense capabilities of India, and accelerate four of its mission-critical drones from prototype to battlefield deployment. This is the company’s first funding since its inception.

The company plans on investing some of its funds into enhancing the defense capabilities of India and promoting its technology. Zebu is a defense technology company that has launched four recent products for the Indian armed forces that consist of a sea-surface combat, hostile drone-neutralizing IAF Net Drone with a six-cartridge configuration, and a rescue drone for the Indian Coast Guard. The company constantly improves its devices while offering a swarm-enabled offensive combat drone for the IAF and a surveillance drone for the army border patrol.

The defense tech company is committed to creating anti-drone swarm defense systems for the Air Force with quick-firing pneumatic launchers for completion by the end of the year. The drones are meant to overwhelm enemy drones with coordinated attacks. The company offers innovative solutions to provide for the surveillance of airspaces and track live analysis. With this investment, the startup will enhance its performance capability and develop advanced defense technology capabilities.

It plans to use some of the new capital to enhance its resources and build its network. It is also negotiating with a leading defense manufacturer to supply drones. The market research highlighted that the segment is likely to grow at a massive CAGR over the next couple of years. This investment shows the investor’s trust in Zebu’s business model and market size potential. Zebu is building its network into commercial markets by taking its technology from the defense level and implementing it for enterprise use.

The Hyderabad-based startup uses cutting-edge technology to provide innovative solutions. The development came just after the defense tech market saw increased investor interest. The counter-drone market is expected to reach 11 billion USD by 2030. Zebu said that its Ground Control Station attracted tremendous attention from private OEMs from India, Southeast Asia, and the US. Zebu faces competition from the companies within the same market segment that include EXL, as well as Tech Mahindra.

Conclusion:

The software and hardware technologies manufacturing defense tech startup, Zebu, secured 1 million USD in its pre-series A funding round. Bluehill Venture Capital led the round, marking its first funding round since its inception. The startup intends to use this fresh capital for product development, to scale its operations, enhance India’s military capabilities, and modernize our defense systems. 

The company manufactures drone-neutralizing IAF Net drone, counter-drone systems, and other drones for armed forces. The firm claims to have an anti-drone swarm system to track, detect, and neutralize hostile drones. The market research showed that the global counter-drone market will reach 11 billion USD in the next five years. Zebu competes with other companies like EXL.

D2C activewear startup Blissclub secured $5.3 million in its fresh funding round from Elevation Capital and others

Blissclub logo

BlissClub is an internet-first brand offering sportswear for women. The startup raised Rs 45 crore from its existing investor Elevation Capital in a debt and equity funding round. The round saw the participation of Alteria Capital and Eight Road Ventures. The startup plans to use these fresh proceeds to scale its business, enhance its platform, support the company’s needs, and develop its market presence. The firm recently entered the travel wear market segment. 

The board has approved a special resolution to allot 16,076 series B compulsory convertible preference shares at an issue price of Rs 20,528 per share and 1,200 non-convertible debentures at an issue price of Rs 1,00,000 each to raise Rs 45 crore. The startup intends to use the fresh capital for general corporate purposes and expand its network. The company offers an online platform to sell its women-centric wellness products, including accessories and lifestyle products. The product catalog includes active wear like hoodies, leggings, sets, and tank tops.

The company has secured over 26 million USD across multiple funding rounds since its inception. This includes $15 million raised in its series A funding round and $3.01 million from Alteria Capital in its venture debt round. The startup is valued at 67 million USD. After this round, the existing investor Elevation Capital holds 24.5 percent of the firm’s stake and remains the firm’s largest external stakeholder, followed by Eight Roads Ventures with 15.79 percent. 

The startup might use some of this investment to strengthen its position in the D2C sector. BlissClub is an internet-first brand that claims to use stretch polyester blend materials to manufacture its products. The new fund will enable the startup to expand its offerings into a new sector. The investment highlights investors’ interest in BlissClub’s market potential and business model. The new investment round followed increased investor interest in the D2C sector. 

The Bengaluru-based company reported a 27 percent increase in its operating revenue to Rs 87 crore in FY24. The net loss was around Rs 44 crore in the same duration. The company is yet to announce its financial results for FY25. BlissClub sells its products through its website and e-commerce platforms like Amazon and Myntra. The startup faces competition from other women’s activewear brands in this market segment, such as Technosport, CAVA, and Gokyo. The firm also receives investment from QED Innovation.

Conclusion:

BlissClub is a Bengaluru-based D2C startup offering activewear, accessories, and lifestyle products for women. The company raised around 5.3 million USD in its debt and equity funding round from Elevation Capital, with the participation from Alteria Capital and Eight Road Ventures. The D2C startup aims to use these fresh proceeds to expand its portfolio and scale its business. 

The board allotted 16,076 series B CCPS for Rs 10,528 per share and 1,200 non-convertible debentures for Rs 1,00,000 each to raise $5.3 million. The company plans to use this amount for general corporate purposes. After this round, the existing investor, Elevation Capital, remained the largest external stakeholder of the firm.

Healthtech startup, Lifechart Ayurveda, secured $360k in a seed funding round led by the family office

Lifechart Ayurveda logo

Lifechart is a gut health-tech startup that raised 360k USD in its extended seed funding round for its gut health brand, Guttify. The funding round was led by Prajay Advisors, the family office of Unichem Lab founders, Jayendra Shah and Prakash Mody. The startup plans to use these fresh proceeds to scale its operations, enhance its products, expand its network, and develop a market presence. The company will use some of this investment to improve its product manufacturing and offer innovative solutions.

The startup also has a gut health brand named Guttify, which uses a diagnosis-first approach and serves tier I and III cities. The brand provides DIY at-home gut testing kits and clinically validated solutions. The firm combines modern science with herbal methods to produce healthcare products. Lifechart aims to provide top healthcare solutions to empower Indian healthcare with accurate, personalized, and accessible gut health solutions. 

Lifechart and Guttify want to revolutionize healthcare by creating a gut wellness ecosystem to address the urgent gut health crisis across India. This Gurugram-based startup has raised around 700k USD across three funding rounds since its inception, including $500k secured during its seed funding round from Expert DOJO, Agility Ventures, government seed schemes, and other investors. The firm offers ayurvedic remedies and medicines for various health issues and develops ayurvedic healthcare solutions. The company allows users to place orders and make payments through its online platform.

The startup currently provides medicines for issues related to weight loss, piles, gastric problems, IBS, and fatty liver. The company also offers products including herbal powder, laxatives, capsules, supplements, and others. This investment will enable the health-tech startup to enhance its online platform and boost its product development while developing new healthcare solutions. The company launched its PH saliva testing kit to test acidity. More kits will be launched in the coming months at an affordable price of Rs 99 per set. 

The investment shows the Investor’s trust in Lifechart’s market potential and business model. This startup provides the best gut healthcare solutions and helps patients treat them by diagnosing at early stages. The research highlighted that the Indian gut wellness market is expected to reach $18 billion, with over 60 percent of Indians suffering from digestive problems. The company faces competition from other healthtech companies in the same market segment, including Patanjali Ayurveda, Upakarma, and Varco leg care. The startup aims to become a leading player in the health-tech industry.

Conclusion:

The gut healthtech startup Lifechart secured 360,000 USD for its gut health brand Guttify during its extended seed round. The funding round saw the participation of Prajay Advisors and the family office of Unichem founders. This health tech startup intends to use this fresh capital to empower the Indian gut wellness market and enhance its platform while developing gut wellness solutions. 

The firm aims to empower the Indian healthcare sector by offering accessible, accurate, and personalized health solutions. The company has raised around $700k to date, excluding the recent funding round, and it competes with companies like Patanjali Ayurveda.

Digital assets infrastructure startup, Fuze secured $12.2 million from Galaxy and others in its series A funding round

Fuze logo

Fuze is a startup offering a blockchain infrastructure platform for businesses to create crypto solutions. The startup has secured 12.2 million USD in its ongoing series A funding round. Galaxy and UAE-based telecom operator firm e& Capital co-led the funding round with the participation of other investors. The startup plans to use these fresh proceeds to scale its operations, grow its team, support international expansion, enhance its product development, and meet general corporate purposes while meeting market demands.

The firm will use some of this investment to strengthen its market presence and meet regulatory compliance. The company offers digital assets-as-a-service infrastructure while enabling companies to launch and control digital asset products. The startup provides services that allow businesses to integrate and use digital assets without the need for infrastructure. Fuze provides a 24/7 over-the-counter (OTC) platform to trade digital assets. The firm plans to expand internationally and enter the Indian market.

The company has secured around $26 million across two funding rounds since its inception. This includes $14 million raised from Further Ventures, Liberty City Ventures, and other investors during its seed funding round. The startup aims to remove the gap between the traditional financial world and the digital asset space. The firm works closely with banks and financial institutions to offer innovative crypto and digital asset products through its online platforms. 

Fuze offers banks and financial institutions to integrate digital asset products in the B2B2C models. The startup focuses on providing solutions that are compliant with regulatory frameworks, ensuring that digital asset services are handled responsibly. The UAE-based startup intends to use some of this investment to expand its services. The startup currently offer its services across MENA and Turkey, where it claims to have processed over 2 billion USD in digital asses volume.

This BEB2C firm specializes in providing digital infrastructure to businesses, enabling them to integrate and offer regulated digital assets to customers. The company also offers innovative products like white-labeled digital asset brokerage and reward cards. The development came just after this sector saw increased investor interest. This investment highlights the investor’s trust in Fuze’s market potential and business model. Fuze faces competition from other digital asset and crypto solutions offering firms in the same market segment, like Matrixport, Consensys, and Luno.

Conclusion:

Fuze is a UAE-based B2B2C startup that provides a blockchain infrastructure platform for businesses. The startup raised fresh capital of $12.2 million in its series A round from Galaxy and e& Capital. This is the firm’s second funding round following the $14 million seed funding round from Further Ventures in 2023. The company plans to use this amount to scale up its operations, enhance its team, and meet general corporate purposes. Fuze currently operates in Turkey, the Middle East, and the North Africa region, but it is planning to enter the Indian market. The firm aims to bridge the gap between the traditional and digital financial world. 

Consumer service startup Urban Company reported a revenue of Rs 846 crore, with a 27 percent increase in profit in FY25

Urban Company Logo

Urban Company is a home service platform that announced a 37.8 percent increase in its total revenue to Rs 930 crore in the first nine months of FY25. The startup provides various home services from booking for beauty treatments, salon, and skin care to AC repair, electrical work, and pest control. These subscription and commission-based models are the company’s major source of revenue. The startup offers an online platform to help users access multiple professional services from electricians to beauticians in one place. 

The firm also earns its income through selling products or white-label products for salon services. The revenue from these services accounted for 75 percent and increased by 31 percent to Rs 639 crore in the nine months for FY25. The company reported an increase in profit to Rs 27.1 crore for this financial year. The firm plans to maintain its profit by minimizing operating expenses. Reducing employee benefits appears to have reduced the losses by a huge margin while turning the firm profitable.

The company has secured over $453 million across multiple funding rounds, including 190 million raised during its series F funding round. This Accel-backed startup reported an annual revenue of Rs 928 crore in 2024. Urban Company offers an app-based platform to provide multiple local services with the best user experience. This platform allows users to reserve from several local services such as home repair, beauty, pest control, and more. 

The Gurugram-based company also earns revenue from interest income and other services. The sale of products accounts for 207 percent of total operating revenue in FY25. The supply of panels and RO systems also increased by 7 times to Rs 75.8 crore in the nine months of FY25. The interest income contributed Rs 84.2 crore and brought the overall revenue to Rs 930 crore in the 9M FY25. 

The firm’s total expenditure increased by 23.2 percent to Rs 903 crore in FY25. Meanwhile, the employee benefits accounted for 28.5 percent of total expenses at Rs 258 crore for this fiscal year. The incentive for professionals, warehousing, advertising, employee benefits, and legal costs increased the total expenditure. The cost of advertisement and marketing increased and crossed Rs 160 crore in the first nine months of FY25. The product procurement costs stood at Rs 148 crore in the same period. 

The startup plans to increase its customer base and enhance its market presence while expanding its supply chain. Urban Company posted a total current asset of Rs 1,514 crore in 9M FY25. The EBITDA margin became positive and stood at 6.78 percent in the nine months of FY25, while the ROCE was around 1.84 percent in the same period. Urban Company faces competition from other companies in the same market segment, such as Houz Expert and Easy Fix. 

Conclusion:

Urban Company announced a 38 percent increase in total revenue to Rs 930 crore for the nine months of FY25. This home services offering firm delivers local services, including salon treatments and wall panel installation, through its online platform. The commission earned from these services is the firm’s major source of revenue. The startup reported over 23.2 percent increase in its total expenses to Rs 903 crore in FY25. The above article mentioned Urban Company’s financial results for the nine months of FY25. 

Health-tech startup, Ultrahuman, to raise $120 million from WestBridge Capital and others in its new funding round 

Ultrahuman logo

Ultahuman is a health tech startup offering wearable devices and health tracking services. The firm announced its plan to secure 120 million USD from WestBridge Capital in its new funding round. The round is expected to have participation from its existing and new investors. The company plans to use these fresh proceeds to scale its operations, expand its network, enhance its technology, and develop a market presence. 

The firm will use some of this investment to introduce new offerings. The company offers innovative solutions and services for health tracking and monitoring. The startup provides various health-related products like home health devices called Ultrahuman Home and smart rings called Ring Air. Ultrahuman manufactures, designs, and sells devices focused on metabolic health. 

The startup aims to provide top healthcare solutions to its customers by emphasizing tracking metrics related to sleep, metabolism, and overall health. The firm also offers an online metabolic fitness platform to help users enhance diet and exercise using performance coaches and glucose biomarkers. Ultrahuman wants to revolutionize healthcare management through innovative devices that track various health metrics such as heart rate variability.

The Bengaluru-based startup provides real-time diet and fitness tracking solutions to maintain a healthy body. The company has raised around $60 million across multiple funding rounds, including 10 million USD secured in its conventional debt round from Blume Ventures, Steadview, and other investors. The development came just after the company secured 35 million USD in its series B funding round. The investment shows the investor’s trust in Ultrahuman’s market potential and business model. 

The wearable tech manufacturing firm reported an increase in its operating scale to $74.5 million in CY24. The company posted a profit before tax of 11 percent and EBITDA of 8 percent in the same period. The health tech firm is expected to have a post-money valuation of 125 million USD. The new investment will enable the company to strengthen its technology. The startup faces competition from other health tech companies, including Masimo, Gabit, and Fourth Frontier. 

Conclusion:

Ultrahuman is a health-tech startup offering wearable health tracking devices that plans to raise 120 million USD in its new funding round. West Bridge Capital is expected to lead this round with the participation of other investors. The startup plans to use this fresh capital to scale its operations, introduce new devices, and expand its network. Private equity funds might also participate at a valuation of $550-$600 million. 

The development came after the firm secured a $35 million investment in its series B round. The company aims to revolutionize the health tech sector through its innovative devices. The startup focuses on manufacturing services to track and monitor metabolic health. The firm recently launched its luxury rare smart ring collection. Ultrahuman competes with other wearable tech offering firms like Masimo. 

Rimigo, a travel tech company, raised $550k in its pre-seed round from Reazon Capital and SGgrow Capital

Rimigo logo

Rimigo is an online trip-planning platform offering travel tech startup that has secured 550k USD from Japanese-based Reazon Capital and SGgrow in its pre-seed round. The round was also joined by Indian angel investors such as Ravi Nigam, Shashank Deshpande, Ujjwal Jain, and S Ramadorai. The company plans to use these fresh proceeds to expand its operations, build its team, recruit additional staff, and speed up product development.

The company will utilize part of this investment to upgrade its platform to provide a seamless user interface. Rimigo is an online platform that streamlines international travel by applying artificial intelligence-powered personalization and integrated collaboration tools. The startup provides features like end-to-end vacation planning solutions. The platform uses artificial intelligence to provide customized planning based on the user’s destination and vacation preferences. 

The Bengaluru-based startup claims to address key challenges like limited personalization, complex processes, and local expertise. The new fund will enable the startup to expand its technological team. The platform takes user input of their preference and generates a detailed guide, flight recommendations, accommodation, dining, and other activities. Rimigo also allows users to search transportation services through information on destinations and dates.

The company has been unfunded; this pre-seed funding is the first funding round of the firm since its inception. Rimigo plans to combine artificial intelligence-based guidance and curated booking options for more enjoyable and accessible international travel. The company believes that advancements in AI will help them develop more unique opportunities for personalized vacation planning. The startup has organized over 120 vacations, and 50 of which have been completed, with 70 still in the planning stage. 

The company aims to use some of this fund to improve its platform and expand its services while developing its market presence. The Bengaluru-based travel tech platform intends to use this amount to fuel its product development and improve its services. The development came just after the travel tech sector saw increased investor interest. This investment shows investors’ trust in Rimigo’s market potential and business model. Rimigo faces competition from other travel-tech platforms such as Travefy, Eddy Travels, and Key Concierge. 

Conclusion:

Rimigo is a Bengaluru-based travel tech startup that offers an international trip-planning platform. The startup raised fresh capital of 550,000 USD from the Japanese-based firm Reazon Capital and SGgrow Capital. The funding round saw the participation from angel investors such as Ravi Nigam, S Ramadorai, Ujjwal Jain, and Shashank Deshpande. Rimigo competes with other startups in the same market segment, such as Travefy.

The company plans to use this amount to hire more talent, expand its services, scale its operations, and improve its online platform. The development came just after the travel tech industry saw increased public interest. The travel tech firm provides personalized information regarding accommodations, flights, trains, activities, and related services. The startup plans to strengthen its position in the travel tech market segment.