Blog

Funding

Okulo Aerospace raises $1M funding led by Ideaspring Capital

Okulo Aerospace has raised $1 million in a funding round led by Ideaspring Capital with participation from Java Capital, Coimbatore Innovation and Business Incubator (Forge Innovation and Ventures), and a group of angels from Rockfort Ventures.

The funding will be used for strategic growth initiatives, including product development, team expansion, and establishing early traction with customers through targeted marketing and sales initiatives.

<figure class="image embed" contenteditable="false" data-id="520529" data-url="https://images.yourstory.com/cs/2/6c7d986093a511ec98ee9fbd8fa414a8/TeamPicture-1689056207419.jpg" data-alt="Okulo Aerospace" data-caption="

Okulo Aerospace Team

” align=”center”>

Bengaluru-based Okulo Aerospace, founded in 2019, is a innovator in the field of long endurance unmanned aerial vehicles (UAVs). By optimising operations, enhancing situational awareness, and aiding in critical defence operations, its aerial vehicles enable stakeholders to make informed decisions with speed and precision.

Curefoods invests in Millet Express

Cloud kitchen operator Curefoods has invested in Millet Express, a fast-growing brand focused on promoting healthy millet-based food products. With this strategic investment, Curefoods plans to expand the Millet Express offerings to both its online and offline fronts, thereby introducing a wide range of millet-based products that cater to the evolving tastes and preferences of consumers.

This collaboration between Curefoods and Millet Express allows both brands to capitalise on their respective strengths, creating a mutually beneficial partnership.

Adding to the credibility and expertise of the brand, Millet Express is backed by the Indian Council of Agricultural Research (ICAR).

InfoEdge subsidiary invests about Rs 1 cr in healthtech startup BrainSightAI

RedStart Labs, a wholly-owned subsidiary of technology company InfoEdge (India), has invested close to Rs 1 crore in Bengaluru-based health technology startup BrainSightAI, according to a BSE filing.

The company holds 4% stake in BrainSightAI on a fully converted and diluted basis. However, aggregate shareholding of the company after the current investment cannot be estimated, the filing further stated.

RedStart has agreed to invest an aggregate amount of Rs 98,94,000 by way of subscribing to convertible notes.

InfoEdge is the parent company of online classifieds such as Naukri.com, matrimony site Jeevansathi.com, and 99acres.com, a property marketplace.

Incorporated in 2019, BrainSightAI provides evidence-based treatment hooks for neurosurgeons, psychiatrists and neurologists through artificial intelligence.

Other news

AyushPay appoints former Dineout Co-founder Vivek Kapoor as Co-founder and CBO

AyushPay (formerly known as DoctCo), a healthcare solutions provider, has appointed Vivek Kapoor as its new Co-founder and Chief Business Officer. With the addition of Vivek Kapoor, AyushPay is poised for rapid growth and innovation, the company said in a statement. 

According to company, under Kapoor’s leadership, AyushPay has expanded its portfolio by introducing innovative solutions that address critical healthcare challenges. 

Kapoor, a former Merchant Navy Officer and Co-founder of Dineout, brings a wealth of entrepreneurial experience for addressing real-world problems, the company said. His appointment marks an exciting milestone for AyushPay as it continues to expand its presence in the healthcare sector, it added.