Kalaari Capital has invested $100K in clinical imaging solution provider Advenio Technosys and $500K in rental marketplace Guarented. The investment was done as a part of Kalaari Capital’s accelerator programme Kstart.
Advenio was the winner of the #StartupGirlsChallenge conducted by the accelerator programme last quarter. Founded in 2010 by Mausumi Acharyya, Advenio provides Artificial Intelligence, Deep Learning, and Machine Learning-based computer assisted detection (CADx) for diagnostic clinical imaging. It aims to bring equitable healthcare to the masses. The smartphone-based software solution can be scaled across various healthcare specialties, and reduces the cost of diagnostics.
Mausumi Acharyya, CEO Advenio Technosys said, “Our vision is to apply next-generation machine intelligence techniques to create disruptive, affordable & consistent point-of-care diagnostic solutions for healthcare delivery systems, especially in low/middle income countries, thus enabling better healthcare outcomes through early detection and management of diseases. We are excited to be supported by Kstart in accomplishing this vision.”
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Advenio also recently made it to the global finals of Start Tel Aviv, and will join founders from 22 other nations at the event.
“A lot of people are eventually going to shift from buying to renting in the future. The change has already started. We aim to create an affordable and dependable service for such people. At the same time, we are creating a whole new asset class for individuals to invest their money in,” said Harshwardhan Raikwar, Founder & CEO, Guarented.
Guarented is committed to the ‘asset-light’ approach, and it has structured its business on minimal inventory ownership. Instead, a crowdsourcing model has allowed them to invite individuals to bear ownership of the appliances, while they manage operations and rentals.
Kstart was launched in February this year to nurture startups via a systematic programme to fast-track their growth. It invests in startups via convertible equity instruments. In May 2016, KStart invested $500K in fintech startup, Active.ai and $500K in ParaBlu in June 2016.