Early-stage startups Hypd, Janitri, others bag funding
Summary
Prior to that, the platform also raised an undisclosed sum in a strategic pre-seed investment from digital media company ScoopWhoop.The Bengaluru-based startup will use the capital for scaling up its current product offering in hospitals and homes and acquiring relevant international regulatory approvals.Founded in 2016, Janitri is a healthtech startup that provides wearables and artificial intelligence (AI)-enabled solutions for pregnancy and labor vitals monitoring. It claims to be working with over 300 hospitals to date.The technology platform has onboarded multiple EV businesses which are looking to raise capital from financial institutions and a host of financing institutions (banks, NBFCs, leasing companies) that can discover, verify and disburse capital to such companies.The startup counts companies such as Race Energy (battery tech), Eveez (EV Fleet), Hala Mobility (E-MaaS platform)as part of its client portfolio. The startup claims to have facilitated Rs 5 crore worth of financing on its platform within the first two months of going live.Prabhati Foods Pvt Ltd, which operates quick service restaurant chain Zomoz, has secured additional funding from Kyt Ventures as part of its ongoing $2 million (Rs 16.4 crore) bridge round. The firm however did not disclose the amount it has invested in the round.In November last year, Zomoz secured funding from Rebel Foods as part of the bridge round. According to people close to the development, Rebel Foods invested around Rs 4 crore in the platform.The Hyderabad-based startup plans to use the fresh funds to increase production capacity, launch new brands, and geographical expansion across India and overseas.