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Funding

SigTuple raises $4M led by SIDBI Venture Capital

Healthcare tech startup SigTuple has raised Rs 33 crore ($4 million) led by SIDBI Venture Capital, with participation from existing investors including Endiya Partners and a few strategic leaders from the healthcare sector. The startup will use this new capital to drive geographical expansion, expand its product portfolio and support regulatory clearances.

Since 2020, SigTuple has focused on its core product, AI100, which is now gaining significant traction in the Indian market with major diagnostics industry players as customers. Partnering with Horiba Medical as its South Asia distribution channel, SigTuple has also expanded into Southeast Asia, the Middle East, and North Africa, and is poised to enter Europe and the Americas.

In September 2023, AI100 received US FDA 510(k) approval, making SigTuple the third company globally—and the first in India—to achieve this for AI-assisted digital haematology.

Online singles club Juleo raises $2.5M for online dating and matrimony

Juleo, a dating platform for singles, raised $2.5 million in an angel funding round from 180+ prominent investors to solve the online dating and matchmaking crisis in India. The list of angel investors includes Ramakant Sharma, Founder of Livspace; Kunal Shah, Founder of CRED; Ruchi Deepak, Co-founder of Acko; Leo Puri, ex-chairman of JP Morgan India; and Harsh Jain and Lalit Keshre, Founders of Groww.

Founded in 2023 by Chiranjeev Ghai and Varun Sud, Juleo is inspired by the modus operandi of the traditional Indian matchmaker and offers a more responsible and healthy approach to modern dating and matrimony by fostering genuine, real-life meetings.

Other news

Mygate partners with Saina Nehwal

Community management app MyGate unveiled a collaboration with Olympic medal winner Saina Nehwal. Aimed at celebrating the spirit of sports that brings communities together, this move aligns with the ongoing excitement of the Olympics 2024.

At the centre of this partnership is a giveaway through a video wherein Saina Nehwal invites residents to participate in a mini treasure hunt. Participants need to browse through the listings on Mygate Buy & Sell to find and claim the badminton racket signed by Saina Nehwal.

With the rackets listed as a giveaway on Mygate Buy & Sell, the contest is designed to engage Mygate users on the app, driving traffic. By tapping into the widespread enthusiasm for sports among community residents, Mygate aims to create a fun and interactive experience.

Fintech major Niyo expands with new travel-banking offerings

Niyo, a travel banking platform, has expanded into the flight bookings and visa application segments, offering integrated travel-banking solutions to travellers.

Niyo has been offering zero-forex markup debit and credit cards to India’s two million international travellers in partnership with banks. This strategic move aims to provide end-to-end travel solutions to customers via the app and tap into India’s burgeoning new-to-international travellers segment.

Niyo has developed an in-house flight booking platform to offer affordable domestic and international flight options with zero convenience fees. Additionally, Niyo has simplified the visa application process with the launch of a new visa booking product on its app, providing affordability and convenience to customers travelling internationally at zero service fee.

Shadowfax partners with RapidShyp to extend delivery to D2C brands

RapidShyp, an ecommerce shipping platform launched by Om Logistics, has partnered with Shadowfax to offer express delivery services to D2C brands across India. The integration of Shadowfax into RapidShyp’s courier network will facilitate the delivery of services across 15,000 pin codes in India. This milestone will be followed by a broader expansion to other regions, ensuring comprehensive services nationwide.

Shadowfax’s extensive delivery network and expertise in last-mile logistics, combined with RapidShyp’s cutting-edge technology and commitment to excellence, aims for a seamless delivery experience for D2C brands.

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