Funding news
Redcliffe Labs invests in Celara Diagnostics
Redcliffe Labs has invested in Bengaluru-based integrated diagnostic chain, Celara Diagnostics, in its first strategic investment following the recent Series C fundraise of $42 million from IFU (Denmark’s Investment Fund for Developing Countries), LeapFrog Investments, HealthQuad, and Spark Growth Ventures.
Wodehouse Capital Advisors was the exclusive financial advisor to Celara Diagnostics.
The company shared that it will use the funds to open more labs and collection centers, along with an expansion of its home collection network. The company had, in the past, made acquisitions in north-western India.
Care.fi secures Rs 8 Cr debt funding
Care.fi, a healthcare focused fintech startup, has raised Rs 8 crore in debt capital, Rs 5 crore from Wint Wealth (Ambium Finserve), and impact debt capital of Rs 3 crore from Caspian.
“We are attuned to the pain points of the market and the patients, so our solutions help in optimising the operational bit, especially for insurance, at a time when patients are eager to wrap up payments and go home,” said Sidak Singh, Co-founder of Care.fi.
“Our focus currently is on two major building blocks–strengthening the team with the right talent and focusing on expansion and growing the business. This funding will help us further increase our presence in the market and invest in the betterment of healthcare fintech especially for optimizing the operational end of hospital management”, said Vikrant Agrawal, Co-founder at Care.fi.
TrueGradient AI raises $700K in seed round led by Shastra VC
TrueGradient.AI, a Self-Serve AI software platform provider, secured $700K in seed round funding led by Shastra VC, along with Neon, Relentless VC, and angel investors Pratul Shroff, Akash Verma, Abhishek Kapur and Yogesh Kulkarni.
The rise of Self-Serve AI platforms aims to empower frontline professionals—planners, analysts, and data scientists—allowing them to take control of AI tools. It grants them the autonomy to conduct
experiments, fine-tune parameters, and run scenarios precisely tailored to their specific business contexts.
“The fresh capital will accelerate the product development and fuel global expansion,” said Ankur Verma, CEO of TrueGradient.
Other news
TimBuckDo and Government of Karnataka sign MoU for student jobs
TimBuckDo, a student part-time job portal, has entered into a Memorandum of Understanding (MoU) with the Department of Collegiate and Technical Education (DCTE), Karnataka. This partnership aims to provide college students across the state with access to part-time jobs and internships, offering valuable work experience, skill enhancement, and financial independence during their academic years.
The partnership aims to provide college students across the state with access to part-time jobs and internships, offering valuable work experience, skill enhancement, and financial independence during their academic years.
TimBuckDo connects students with flexible gig opportunities, bridging the gap between students seeking part-time employment and businesses in need of support. The MoU signing was attended by Dr MC Sudhakar, Minister of Higher Education, Government of Karnataka; Shri Srikar Mysore Sridhar, Principal Secretary of Higher Education; and Sri Jagadeesha G, IAS, Commissioner of the Department of Collegiate and Technical Education, Karnataka.
Karnataka has approximately 10 lakh students studying in government colleges across first grade, technical, and polytechnic institutions.
Zomato to support training of 10,000 women for roles in logistics
Zomato has announced a target to support training of 10,000 women to empower them to participate in logistics in collaboration with non-profit and skilling sectors. The target was shared at a closed door roundtable conference event in Delhi. The event brought together key industry stakeholders, including representatives from NGOs including Pratham, Azad Foundation, impact consulting firms such as FSG, Give Grants, and logistics companies such as Porter and Mahindra Logistics.
The announced target is a part of Zomato’s flagship initiative, Project Arya. Started in 2021, the project aims to provide women with the skills and opportunities needed to succeed in logistics. As part of this initiative, Zomato has onboarded more than 2,500 women in the delivery fleet. In addition to onboarding women in last-mile delivery, Zomato has also begun onboarding women in Hyperpure and Blinkit warehouses and dark stores with a target of 20% representation of women across the day-time shift in warehouses by the end of 2024.
Meesho Mall expands branded offerings with Mamaearth, Himalaya, Dabur
Ecommerce marketplace Meesho has established partnerships with brands such as Mamaearth, Denver, Himalaya, Bajaj, Joy, and Lotus Herbals among others.
Megha Agarwal, General Manager, Business, Meesho
“We are thrilled to welcome these brands to our platform. These partnerships are designed to ensure that customers have access to the best products from both well-known and emerging brands, all under one roof. With the addition of these new branded offerings, we are confident our customers will appreciate the enhanced variety and high quality brands,” said Megha Agarwal, General Manager, Business at Meesho.
(The copy will be updated with the latest news throughout the day)
