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Funding news

Turbostart leads $1M investment in AI Health Highway

Global sector-agnostic venture capital fund, Turbostart, made a $1 million investment in AI Health Highway as part of the company’s pre-Series A funding round. 

The investment is part of a larger $1.5 million funding round, which includes participation from investors Rainmatter by Zerodha, The Chennai Angels, BITS BioCyTiH Foundation, and other angel investors.  

AI Health Highway provides tech-enabled screening tools to help in the early detection of non-communicable diseases and improve accessibility to healthcare using its AI-enabled stethoscope, AiSeth. 

Other news

JICA appoints Takuro Takeuchi as chief representative of its India office

Japan International Cooperation Agency (JICA) appointed Takuro Takeuchi as its new Chief Representative of its India office, effective September 23. Takeuchi succeeds Saito Mitsunori, who concluded his tenure with JICA India after over three years of service. 

“India is an incredibly dynamic place to work, with unmatched potential for global growth. At the same time, it presents some of the world’s most complex challenges. I am deeply honoured to work in India and lead JICA’s operations at such an exciting time,” said Takeuchi. 

With over 27 years of experience at JICA, Takeuchi has held key leadership roles across various divisions and was most recently the Senior Director of the General Affairs Department.  

MS Dhoni reaffirms commitment to Garuda Aerospace as brand ambassador

Former Indian cricket captain, MS Dhoni, said he will continue his association with IPO-bound Garuda Aerospace in a Facebook post. 

“As Garuda spreads its wings across the world, I am proud to be associated with the team’s journey in positively impacting Agriculture, Defence, Industry 4.0 & consumer drone sector as their captain,” Dhoni said. 

Garuda Aerospace has signed international partnerships with companies like France-based Thales, Israel-based Agrowing, and Greece-based Spirit Aeronautics. 

Groww Creditserv gets stable A/A1 rating by ICRA

The lending arm of Groww Group, Groww Creditserv (GCS), has been assigned an ‘A/A1’ (stable) rating by ICRA. 

GCS, which commenced its operations in April 2023, offers unsecured loans and has launched a consumer durable lending business in Karnataka and Tamil Nadu in December. 

The rating reaffirms its strong capital position, liquidity and asset quality, the company said. 

“We started Groww CreditServ 1.5 years back to serve the growing credit needs of India. Our focus is to build a strong foundation of underwriting, collection and customer service, as we scale our product offerings from secured to unsecured credit products,” said Harsh Jain, Co-founder and COO.

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