Pune-based diagnostic startup Vidcare Technologies has secured pre-seed funding of $300,000 in a round led by Social Alpha, with participation from Lavni Ventures and Derbi Foundation.
The firm plans to use the fresh funds for product development, clinical testing, real world effectiveness and early commercialization.
Founded in 2017, Vidcare Innovations develops portable health tests to make diagnostic testing convenient and accessible.
"This new round of funding will be used to complete product development and commercialization post regulatory approvals, in addition to working on additional applications of this technology. Our vision is to use the mu-sure platform to create diagnostic tests to ease access for a wide range of - high-quality diagnostics to both urban and rural areas,” said Rohan Aggarwal, founder at Vidcare.
“We observe a gradual growth in the decentralization of laboratory tests i.e., tests and analysis are being performed at the bedside, in-clinic, or by the patients themselves at home. Vidcare’s expandable platform, will create a portfolio of accurate, easy to use point of care quantitative tests for monitoring health as well as chronic disorders,” said Kshama Kothari, Director – Health and Wellness at Social Alpha.
Social Alpha is an ecosystem architecture created by the Foundation for Innovation and Social Entrepreneurship to nurture startup teams.
Web3 cricket strategy game Cricinshots has raised an undisclosed pre-seed capital from Antler India.
The company plans to deploy the fresh proceeds to scale its product and strengthen the team.
Founded by Harsh Savergaonkar and Aditya Kasibhatla last year, Cricinshots aims to redefine gaming experiences for the gamers and cricket fans in India and beyond. The company said in a statement that while building the platform, the founders have focused on building a fun gameplay experience with a sustainable game economy, where users can enjoy perpetual ownership of their game items.
“Users are the most critical element of any gaming ecosystem and the existing games do not allow for them to be entitled to any upside in a meaningful way…. also, both traditional and modern cricket games lack solid strategy elements and fail at long term engagement, and we are solving this with Cricinshots. The larger vision is to build games in multiple genres, which will come together to form an interoperable metaverse,” said Savergaonkar, Co-founder, Cricinshots.
“As experienced global investors in Web3 and blockchain, we continue to believe that strong Indian teams will shape the future of Web3 and gaming infrastructure and applications, especially those that facilitate the onboarding of next billion users to Web3. Web3 is dramatically expanding the design space within gaming, allowing for new business models, plus decentralized ownership and control. Harsh and Aditya have a nuanced understanding of gamer personas and are using their gaming experience to build something truly engaging,” said Nitin Sharma, Partner at Antler India.