You are currently viewing Startup news and updates: Daily roundup (September 18, 2023)

Startup news and updates: Daily roundup (September 18, 2023)


Funding News

Equity List raises $2.2M seed funding

Equity List, a full-stack equity and shareholder management platform, has raised $2.2 million in seed funding. The funding round saw participation from AngelList India, Hustle Fund (marking Hustle Funds’s maiden investment in India), Republic, Unpopular Ventures, Mana Ventures, Riverwalk Holdings and Super Capital.

The round also saw the participation of angel investors like Tanmay Bhatt, Ramakant Sharma (Livspace), Gajendra Jangid (Cars24), Sairee Chahal (Sheroes), Rangarajan Krishnan (Five Star Finance), Sajid Rehman (MyAsiaVC) andFaiz Mayalkarra (KubeVC) among others.

The company will use the funding to hire top talent and accelerate its expansion plans. 

Qube Health bags funding from Inflection Point Ventures, Green Ivy Ventures & others

Qube Health, a healthcare payments company has topped-up its Pre-Series-A round with investments led by the Inflection Point Ventures, Green Ivy Ventures and other Family Investment offices. Keiretsu Forum and other existing shareholders of the company, also added to the undisclosed funding amount.

Speaking on the funding, Chris George, Co-Founder and CEO, Qube said, “Qube is changing the way Indians pay for their family’s healthcare. Integrating payment methods, no-cost medical loans, an open network of healthcare providers, we are on a mission to make healthcare payments, frictionless.

This funding round adds to our pre-series-A corpus and gives us a runway of up to two years, while setting us up for our upcoming Series-A.”

Qube, offers a payment system and healthcare credit line to employees of companies that sign up to its QubeHealth-Credit product offered as a compliment to the group health insurance policy provided by employers. From paying medical bills that are not covered, or partially covered by health insurance, to paying non-cashless bill payments OR OPD, Qube’s Users borrow and pay as they need from a pre-assigned credit limit.

Other news

About 79% businesses in Asia leverage tech to enhance last-mile logistics efficiency: Locus

Around 79% of businesses across Asia are harnessing technology to enhance their last-mile efficiency, but a staggering 84% lack confidence in their processes to drive growth and enhance customer experiences, according to dispatch management SaaS company Locus.

The company recently released a new research report titled ‘Decoding Asia’s Last-Mile Maturity’, which uncovers valuable insights about the current state of last-mile logistics in India, Indonesia, the UAE, and other Asian countries. It also shows progress and gaps in the ecosystem, and the role of technology in driving business success.

 

These findings underscore that there’s widespread adoption of technology in the industry. However, a majority of businesses are not able to leverage it to its full potential.

Kapture CX appoints Garima Rai as the VP of Marketing

Kapture CX, the SaaS-based customer experience platform, has appointed Garima Rai as the new VP of Marketing.

A customer-focused business strategist, Garima has mastered the art of using data and analytics to drive informed marketing decisions and deliver tangible business outcomes. Her expertise lies in assessing market potential, devising new market entry strategies, defining precise customer profiles and buyer personas, and shaping product roadmaps, to ultimately drive business growth, said a statement from the company.

Before joining the Kapture CX, Rai served as Director of Marketing at ClearTrail Technologies, where her efforts played a pivotal role in establishing a market presence for Klera, a no-code data analytics and process automation platform.

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


Edited by Affirunisa Kankudti



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