15/05/2019 Newsletter

Funding News

Dailyhunt, a platform which aggregates news and local language content, is looking to raise an additional $80-100 million from investors in a new funding round, two people familiar with the development said.
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New York-based investment firm Falcon Edge Capital could invest up to $30 million in Delhi-based student accommodation venture Stanza Living, two sources aware of the development said, as investor interest in the sector continues to heat up.
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AI-backed supply chain optimisation company Locus secured $22 million in a Series B round of funding led by Falcon Edge Capital and Tiger Global Management, with participation from existing investors Exfinity Venture Partners and Blume Ventures. This takes the total amount of funding raised by the startup to over $28 million. The deal values the company at nearly $100 million.
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Bengaluru-based healthcare service provider Docttocare has raised $600,000 in seed funding from startup mentor Krishnakumar Devnally, the Director of mPower Solutions. The funding will be used for ramping up the product experience and increasing the outreach to people seeking quality healthcare.
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InnoVen Capital has received a new funding commitment of $200 million from its existing shareholders Temasek and United Overseas Bank Limited. The shareholders committed $100 million each. According to a statement by InnoVen, the additional commitment will allow it to tap the immense potential in the venture debt space across Asia.
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Deep Tech startup Ethereal Machines (EM), which builds 5 axis CNC machines and 3D printers, has raised $1 million pre-Series A funding led by Blume Ventures. The round also saw participation from Jitendra Gupta, Founder PayU; Samay Kohli and Akash Gupta of Grey Orange Robotics; and Debashish Vanikar in personal capacities.
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Other News

Online funding platform for startups LetsVenture is launching a specialised healthcare investment programme called Healthcare Council which aims to provide market access and mentorship to young companies. Industry experts from hospitals, insurance providers, pharma companies, angels and venture capitalists will be a part of the programme.
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