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Funding news

FlashAid raises $2.5M in pre–Series A round 

FlashAid, a healthcare and insurtech company, raised $2.5 million in a pre-Series A funding round led by Piper Serica Angel Fund and global venture capital firm SOSV. Early-stage investors Z21 Ventures Fund and ZNLGrowth Fund also participated in the round.

The company plans to use the funds to grow and expand into six new cities and is actively pursuing exclusive partnerships with insurance companies to create customised products. It also aims to collaborate with ecommerce platforms and brands to offer insurance to their users.

FlashAid is developing an API-first health cover to make health insurance more affordable and accessible to digital India. Also, it is establishing a unique channel for retail health plan distribution through a B2B2C platform.

AI startup Control One raises $350K in pre-seed funding 

Control One AI, an AI-first robotics startup raised $350,000 from Kunal Shah (CRED), Chaitanya R (Wakefit) and Amit Singh (Ex-MD, Avendus Capital) and Silicon Valley-based supply chain executives from Tesla, Amazon, Walmart, eBay, Mercedes-Benz, and General Electric. 

Control One AI is building an AI, specially tailored for slow-moving equipment utilised throughout the supply chain. It will use the capital to create a fully functional prototype and conduct successful pilot validations. It also plans to unveil the first fully functional prototype to demonstrate the AI in action. 

Endimension Technology raises Rs 6 Cr in pre-Series A round 

Healthcare AI startup Endimension Technology raised Rs 6 crore in a pre-Series A round led by Inflection Point Ventures, SucSEED Indovation, SINE IIT Bombay, and individual angel investors. 

It will utilise the funds in AI research and development, team expansion, and software enhancement to bolster its market position, accelerate growth, and establish Endimension as an industry leader.

Other news

ProClime announces new initiatives at the Tamil Nadu CII Conference on carbon neutrality

ProClime, a unified service provider in the climate space across Singapore, India, and Sri Lanka, launched two initiatives at the Tamil Nadu CII Conference on carbon neutrality.

First, it will partner with European partners to offer carbon credits for e-mobility. Second, it will provide advisory services for the Carbon Border Adjustment Mechanism (CBAM) in collaboration with a London-based firm. which will help Indian businesses transition to a low-carbon economy without being negatively impacted by CBAM.

KGeN launches campaign to empower the next generation of gamers

Community-led platform Kratos Gaming Network (KGeN), formerly IndiGG, launched a nationwide campaign to educate and empower the new generation of gamers about the world of Web3 gaming and its associated benefits, including income opportunities and alternate careers.

The six-month campaign will unfold across Mumbai, Delhi, Indore, and Kolkata, including other Tier I, II, and III cities, targeting communities and students from numerous colleges and universities. 

The campaign aims to dispel misconceptions surrounding gaming as a viable career option, particularly in Web3 gaming. It aims to address parental concerns and equip students with the knowledge and confidence to pursue their passion for gaming as a positive career path.

KGeN will carry out a series of engaging activities, including student meetups, featuring inspiring stories of gamers, college competitions, and roundtable discussions with educators, psychologists, and others in the gaming space.

(This copy will be updated with the latest news throughout the day.)