We bring to you latest developments regarding funds raised, important developments and acquisitions that took place this week.
The Mumbai-based investment firm Zodius Capital has raised $110Mn for its new fund to invest in internet and tech startups in the country. With already two investments in its basket, it also plans to invest about $12-$16Mn each in 8-10 growth stage enterprise software and consumer technology startups by end of this year.
This week 12 startups raised about $22 Mn in funding. (Calculations are based on the startups that disclosed their funding amounts)
Have a look at startups that got funded this week:
UE LifeSciences Inc: Unitus Seed fund has selected its second startup, UE LifeSciences Inc under its StartHealth Investment Program where the startup will receive an initial funding of $80,000 and a potential follow-on investment of at least $160,000. The US and India based startup has invented a portable breast screening device which helps in early-stage detection of breast cancer. The startup plans to use these funds to make breast screening to massed by reducing the cost of diagnosis.
Truweight: Hyderabad-based Truweight has raised an undisclosed amount from Kalaari Capital In series A funding. The startup focuses on weight loss and promotes sustainable healthy lifestyle for same. It involves counselling clients online and at their weight loss centres. Along with this the company has its own range of food products.