Education startup Kreedo, Spandan maker Sunfox, three others raise early-stage funds
Summary
The funding will be used to enhance Kreedos product offering and expansion into newer geographies.Kreedo was founded in 2012 by husband-wife duo Mridula Shridhar and VK Manikandan. The startup aims to deliver quality education in affordable private schools and preschools in early years, the company said in a statement.Sunfox Technologies, which manufactures and retails the portable ECG device Spandan, raised Rs 15 crore ($1.8 million) in a pre-series funding round led by Venture Catalysts. Its flagship device Spandan offers services like ECG monitoring, personalised reports, cardiac assessments for both doctors and patients, among others.The company will use the funds for expansion in India and globally. Sunfox, operating from Dehradun, has established an advanced in-house R&D and manufacturing facility in the hilly state.The company said in a statement that the capital infusion will help drive the expansion and development of its tech-based solutions, which focus on personalised hormonal health tracking, point-of-care assessments and AI-driven recommendations that integrate both modern science and Ayurveda.Bengaluru-based biotechnology company, Cambrian Bioworks has secured $1.45 million in seed funding. It also saw participation from the companys CEO and co-founder, Vaibhav Hegde.The funding will accelerate the development of Cambrians automated molecular diagnostics platforms, bolster R&D efforts, expand the team, and support forays into international markets, the company said in a statement.The round was led by high-net-worth individuals (HNIs) and family offices from India and the US, including the family office of KI Varaprasad Reddy, Rahul Gedupudi, Sreeman Chalasani and Srinivas Kalagara.The company stated that the fresh funds will enhance its offerings to provide micro and small enterprises with easy access to financing.