Former investment banker Dhruv Jhunjhunwala has unveiled his new venture, Novastar Partners, an investment firm focused on India’s private markets. The firm is aiming to raise a maiden fund of Rs 350 crore, with an optional green shoe of Rs 150 crore, according to sources familiar with the matter.
Jhunjhunwala, who previously worked with RBC Capital Markets in New York, is an alumnus of the…
Boston- and India-based venture capital firm W Health Ventures is doubling down on its commitment to healthcare innovation with the launch of its second fund, aiming to raise $70 million (₹609 crore). Focused on transforming healthcare through technology and innovation, the fund will back early-stage startups in both India and the United States.
With Fund II, W Health is moving beyond the…
India’s healthcare system continues to grapple with accessibility gaps, especially in rural and semi-urban areas. Odisha-based startup CureBay is tackling this challenge head-on with its hybrid healthcare platform, designed to bring affordable, high-quality healthcare to underserved communities. In a significant move toward scaling its mission, CureBay has raised $21 million in Series B funding…
Introduction: A New Era for Personal Health Records
In a groundbreaking move, Samsung has teamed up with Eka Care, a leading healthtech startup, to introduce a game-changing feature called Health Records in the Samsung Health app. This collaboration aims to transform how Indians manage their health data by allowing them to easily access and store their medical records digitally. With this new…
PharmEasy, once a shining star in India’s healthtech industry with a $5.6 billion valuation, has seen a dramatic drop in its worth, now valued at just $456 million. This steep decline has come to light after investor Janus Henderson disclosed it had significantly reduced the value of its shares in PharmEasy. What caused this sharp drop, and what does the future hold for the online pharmacy?
Infosys Invests in 4baseCare to Transform Cancer Care with Advanced Genomics
In a significant move that underscores its growing interest in healthcare innovation, Infosys has announced its investment in 4baseCare, a healthtech startup focusing on oncology (cancer care) powered by advanced genomics. Through its Infosys Innovation Fund, the tech giant will acquire Series A compulsory convertible…
In an exciting development for the healthtech industry, Sushain Wellness and Wholeness, a startup blending ancient healing methods with cutting-edge technology, has successfully raised Rs 1.8 crore in a seed funding round. Led by Prajay Advisors LLP, a Mumbai-based venture capital firm, this funding will help the company scale its AI-powered holistic health platform and bring natural healthcare…
Viraa Care, a healthtech startup dedicated to improving infant nutrition and pediatric feeding, has successfully raised $108,000 in its pre-seed funding round. This new round of investment adds to the $100,000 the company secured earlier in 2024, bringing the total amount raised so far to $208,000. The recent funding includes an infusion of foreign direct investment from a European angel investor…
Major Investment Fuels Growth Plans
Healthify, an AI-driven healthtech startup, has successfully raised $20 million in its latest funding round. The investment was led by existing backers Khosla Ventures and LeapFrog Investments, with participation from new investor Claypond Capital, associated with Indian healthcare mogul Ranjan Pai. This new capital builds on an earlier $30 million raised in…
Healthify, a Bengaluru-based health and wellness platform formerly known as HealthifyMe, has successfully raised $20 million in its latest funding round. This investment is set to fuel its ambitious plans for growth, especially in the United States.
Major Investors on Board
The funding round was led by Khosla Ventures and LeapFrog Investments, with notable participation from Claypond Capital…
