Read more about B2B startup Udaan sees demand for electronic products rising in lockdowns on Business Standard. 400 sellers clocked sales worth Rs 1 crore each on website for gadgets last year, says company
Read more about Ratan Tata-backed startup Generic Aadhar launches pharmacy aggregator app on Business Standard. The startup procures generic medicines from around nine major pharmaceutical manufacturers
Health-tech company MediBuddy on Monday said it raised USD 20 million (about Rs 145 crore) earlier this month from India Life Sciences Fund III, LLC and others. The company had announced an initial funding of USD 20 million in June last year under the series B round, a statement said. The additional infusion of USD 20 million led by India Life Sciences Fund III, LLC, with participation from other investors, it added. The series B round has attracted new investments from India Life Sciences Fund III, LLC, TEAMFund LP, JAFCO Asia Fund, FinSight Ventures, ALES Global Japan and Beyond Next Ventures. The round has also seen participation from existing investors including Bessemer Venture Partners, Milliways Ventures and Rebright Partners. The company has raised over USD 50 million so far.
Mumbai-based startup accelerator StartUp Reseau, launched by Ajay Ramasubramaniam and Sweta Tiwari, announced the shortlist of 35 Indian startups participating in the inaugural cohort of Startup Bridge Canada (SBC). Announced by Startup Reseau in December 2020, SBC is a six-week pre-market entry startup programme for growth-stage Indian enterprises to access and understand Canada and build their strategy for the North America foray. Ramasubramaniam, Co-founder CEO, Startup Reseau, says, “As an organisation, we are always looking to unlock global market opportunities for Indian startups seeking to expand internationally, by way of structured market access programmes. With a strong focus on being a developer of startup ecosystem in emerging markets, we continue to remain bullish about prospects for Indian startups in mature markets such as North America and Europe.”
Read more about Sharp rise in Micro VC investments as 566 startups get $341 mn in 3 years on Business Standard. With the startup ecosystem blooming in India, the number of such funds rose from 29 in 2014 to 88 funds last year