Startup funding is gaining steam, and the beneficiary sectors are as diverse as a rainbow. From a co-working space to healthtech to a driving school aggregator, today’s list is all about creating unique value in a crowded market.
This Bangalore-based healthtech startup helps users discover doctors and hospitals, and has raised its sixth round of angel investment – US$100,000 – from investors based in Singapore and Qatar.
Medinfi Healthcare will use the proceeds to explore at least 25 new cities in India in the next nine months. It is currently present in 25 Indian cities, including Bangalore, Delhi, Mumbai, and Pune.
Launched in 2014, Medinfi detects a user’s location and suggests relevant doctors and hospitals from 12,000 listings. Unlike Practo, Medinfi doesn’t facilitate appointment booking. That hasn’t stopped the company’s progress. The startup has already crossed 500,000 users, a target it had set to achieve by March 2017.
Medinfi is currently available only on Android. It plans to launch an iOS app by June.
A chain of business centers and co-working spaces – InstaOffice – has raised an undisclosed amount in a pre-series A round from Globevestor. The investor had earlier bet its investment on well-known startup names such as Zoomcar, OnlineTyari, and Rubique.
Other angel investors including Toppr co-founder Zishaan Hayath, Karan Chellani, managing partner at SQUE Capital, and Mohit Satyan, director at DFM Foods also participated.
InstaOffice has probably caught investors’ attention because the startup follows a lean business model. Instead of buying or leasing, InstaOffice partners with property owners, which keeps capital requirement and operational costs to the minimum.
“We structure partnerships with landlords where they can earn higher rental yields from their spaces and customers can get high degree of flexibility,” InstaOffice founder Devendra Agarwal says.
That’s why InstaOffice has been able to grow its network from a single business center in Gurgaon in Feb 2016, to 10 centers across Gurgaon, Delhi, and Bangalore. The startup will add four more centers in Gurgaon, two in Bangalore and four more in Delhi-NCR by March 2017.
Fashion and ecommerce: a darling sector for investors. One such startup called Fynd has clinched an undisclosed amount of funding from Snapdeal’s former chief product officer Anand Chandrasekaran.
Rajiv Mehta, CEO of Arvind SportsLifestyle, and Ramakant Sharma, vice president for engineering division at Myntra and Livspace founder, contributed to the funding.
The startup says that associating with these industry doyens will help them leverage their expertise. The funds will be used to bolster their tech infrastructure.
It claims to be ahead in getting the latest in-store inventories online much before other ecommerce players. “We optimize delivery time by sourcing products from the outlets nearest to the customer. We can deliver in 5-6 hours,” Fynd founder Harsh Shah says.
Recently, Fynd had launched a new feature called ‘Fynd Store’, providing offline retailers an online platform to attract customers. It also allows retailers to cross-sell across different stores of the same brand.
Set up as Shopsense in 2012, the company pivoted to Fynd in November 2015.
The name gives it away: yes, VOW CarClinic is a car servicing and repair startup. It was founded by Indian Institute of Management (IIM) Indore alumni Harmeet Hora and Abhishek Menon. It vows to be the counterpart of budget hotel brand OYO for car services has raised an undisclosed amount in angel funding from Vishal Malik, founder and director of Gemini Solutions.
It currently serves the Delhi-NCR region through its website and mobile app. The app offers car servicing, washing and cleaning, denting and painting and general car repairs.
VOW CarClinic offers to simplify the whole process, offering a uniform service experience to car owners by onboarding local garages and standardizing prices.
Within four months of inception, the startup has scaled up its operations to four cities in the NCR – Delhi, Noida, Ghaziabad, and Faridabad. It plans to expand beyond Delhi-NCR and enter other major cities, including Mumbai, Pune, Bangalore, Hyderabad, and Chennai.
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