Healthcare startup
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Franchise India Bureau Sep 26 2018 - 1 min readThe healthcare startup Docturnal, focused on non-invasive tuberculosis screening solutions, has raised an undisclosed amount of funds from Mumbai Angels Network. 11 investors from Mumbai Angels Network have invested in the Hyderabad-based startup. These investors include Akshay Mittal, Founder of basmati rice maker Sagar Basmati Rice; angel investor Abhijeet Birewar; and Shantanu Agarwal, Executive Director at automotive furnishing ...
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Franchise India Bureau Sep 26 2018 - 1 min readChennai-based online pharmacy NetMeds has acquired telemedicine portal JustDoc in a cash-and-stock transaction of nearly $1 million. This is the second acquisition made by the company. Last year, it had acquired hyperlocal drugs delivery startup Pluss. Pradeep Dadha, Chief Executive of NetMeds, said, "The acquisition of JustDoc brings an extensive and experienced physicians' network, which ...
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Franchise India Bureau Jul 25 2018 - 1 min readHealthcare startup LifCare has raised $11 million in its Series B led by Saif Partners & Nexus Venture partners. With the infused capital, the startup which delivers till now delivers only medicines meant for chronic illnesses to customers who take these medicines regularly, will now look to expand further in Northern and central states of ...
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Franchise India Bureau Jul 19 2018 - 2 min readNandan Nilekani and Sanjeev Aggarwal-led investment firm Fundamentum Advisors and Eight Roads Ventures, the proprietary investment arm of Fidelity International, are in talks to lead a $40-50 million funding round in online pharma company PharmEasy. The latest round of funding, which is anticipated to close over the next two weeks, is likely to see the ...
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Franchise India Bureau Jul 18 2018 - 2 min readLeapFrog Investments has bought a majority stake in Mumbai-based medical products company Ascent Meditech Ltd, the emerging markets impact investment firm said in a statement. The investment will likely help Ascent tap into the $100 billion Indian healthcare market, which is projected to grow at an average annualised pace of 12-15%, LeapFrog said. It did ...