Finance

Good Capital’s $25 Mn Early Stage Fund Looks To Back Unique Ideas, Starting With SimSim, Spatial

Early-stage venture investment firm Good Capital has announced a USD 25 Mn fund. The venture fund, founded by brothers Rohan and Arjun Malhotra, had completed its first close at USD 12 Mn two months ago. It is expected to have a final close in 10 months.

Source: INC42

 

Hyperlocal Delivery

Milkbasket Plans To Raise $50 Mn To Expand Into Medicine Deliveries

Gurugram-based Milkbasket, which was initially launched to deliver milk, is looking forward to expanding its services. The micro delivery startup is in advanced talks with private equity funds to raise USD 50 Mn in Series C round, according to a TechCrunch report.

Source: INC42

 

HealthTech

Health-tech startup ProPhysio raises Series A funding from NestVara Group

ProPhysio, a healthcare firm, has raised an undisclosed amount in its Series A funding from the NestaVera Group of companies, an investment firm with interests in sectors such as education, co-working and real estate.

Source: VCCIRCLE

 

Healthcare

Impact investor LGT Lightstone Aspada invests in Kauvery Hospital

Sri Kavery Medical Care Pvt. Ltd, which runs hospital chains under Kauvery Hospital in Tamil Nadu, has raised INR 140 crores (USD 19.4 million) in equity from impact investor LGT Lightstone Aspada.

Source: VCCIRCLE

 

FinTech

Fintech startups OTO Capital, First Principle Labs get VC backing

Mumbai-based companies OTO Capital and First Principle Labs Technologies on Thursday joined the growing list of fintech startups that have attracted venture capital investors.

Source: VCCIRCLE

 

Fleet Management

Early-stage VC firm Rockstud Capital bets on fleet management services startup

Early-stage venture capital firm Rockstud Capital, founded by angel investor Abhishek Agarwal, has led an investment round in a business-to-business fleet management services provider.

Source: VCCIRCLE

 

Finance

Binny Bansal to set up $400 million VC fund

Flipkart co-founder Binny Bansal is firming up plans to launch a venture capital (VC) fund with a target corpus of USD 300-400 million, which will focus on startups who need growth capital, said two sources familiar with the development.

Source: ECONOMICTIMES