Pediatric healthcare chain AddressHealth gets $1.5 mn from Gray Matters, Unitus
Bangalore-based pediatric healthcare chain AddressHealth Solutions India Pvt. Ltd has raised $1.5 million (around Rs 10 crore) in a Series A funding round led by US-based Gray Matters Capital. Existing investor Unitus Seed Fund also participated in the round, it said in a statement.“We will use the funds to expand ......
Former chief of Essar’s property arm to bring strategic partner for realty venture
Cherag Ramakrishnan, former chief of Essar’s realty arm, has set up his own venture under Ceear Realty with projects across Bengaluru and Mumbai and is now looking to rope in a strategic partner at the parent level to scale up, a top company executive told VCCircle. The two-year-old company has two ......
Meridian Group International floats Indian arm
US-based technology and financial solutions provider Meridian Group International has set up an India unit to expand its presence in Asia Pacific.Meridian IT (India) Pvt Ltd will extend the reach of the Meridian IT Global Support Centre, which services and maintains clients’ infrastructure worldwide, the company said in a statement. ......
Axilor Ventures plans to back over a dozen startups in coming fiscal
Axilor Ventures, the early stage investment firm cum accelerator led by Infosys co-founders SD Shibulal and Kris Gopalakrishnan, is expanding its portfolio of investee companies.Founded by Shibulal, Gopalakrishnan and former Infosys board member Srinath Batni, former Infosys head of strategy Ganapathy Venugopal and Harvard Business School professor Tarun Khanna in ......
Ratan Tata backs emergency response app MUrgency
Ratan Tata, chairman emeritus of Tata Sons, has made an undisclosed amount of investment in San Francisco-based Murgency Inc., which runs an emergency response mobile app.The company will use the funds to augment technology and scale operations.“He (Tata) clearly wanted us to launch and grow the network in India first ......
Two-wheeler servicing marketplace Let’s Service raises angel funding
Let’s Service, a Bangalore-based online marketplace and booking platform for two-wheeler servicing, has raised angel funding from QuEST Global chief operating officer Ajay Prabhu and Julia Computing Inc co-founder Deepak Vinchhi.The funds, raised earlier this year, will be used to build technology, streamline operations and upgrade its app, Sachin Shenoy, ......
Tax free Import of Software Into India
The issue relating to characterisation of payments for software license has been a long standing unresolved one. The problems facing the software industry have also been compounded by the ruling of the Karnataka High Court in the case of CIT v/s. Samsung Electronics Co. Ltd 1, which led to creation ......
Healers At Home gets angel funding from Fortis president, others
Delhi-based home healthcare service startup Healers At Home Ltd has raised an undisclosed amount of angel funding from a clutch of investors including Fortis Healthcare's president Daljit Singh.ISB founder Pramath Raj Sinha, Nasscom chairman and Hyderabad Angels director BVR Mohan Reddy also participated in this round along with a few ......
A peek into Ameera Shah’s Metropolis 2.0
When Ameera Shah, managing director and CEO of pathology chain operator Metropolis Healthcare, says the best advice she has got was to 'take a chance', one would bet she took that seriously. For back in 2001, she dumped her American dream and came back to India to be part of ......
Early-stage investor Powerhouse to ramp up India bets
US-based venture capital firm Powerhouse Ventures has rolled out two new divisions -- healthcare and sports – as part of its plans to invest in upcoming companies in the Indian startup industry. Moreover, the venture capital firm plans to invest in 12 startups by the end of 2016.“The success of ......
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