Infant warmers maker Embrace raises funding from Khosla Impact, Kiran Mazumdar-Shaw, others
Bangalore-based Embrace Innovations, a for-profit social enterprise which manufactures low-cost infant warmers targeted at premature and low birth-weight babies, has secured an undisclosed amount in funding from Khosla Impact, an impact investment firm founded by veteran Silicon Valley investor Vinod Khosla and Capricorn Investment Group, set up by former eBay president Jeff Skoll.
Biocon’s Kiran Mazumdar-Shaw, Manipal Hospital’s Ranjan Pai and former Zynga general manager Steven Lurie also participated in the round. The company will use the money to expand its sales force and R&D, its co-founder Rahul Alex Panicker...
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