China-based Cyber Carrier invests in healthcare startup MyDermacy

MyDermacy1Health startup MyDermacy has raised an undisclosed amount of funding from Chinese venture capital firm Cyber Carrier, a report in a financial daily stated. The investor has acquired 15-18% stake in the company in this pre-Series A round, which also saw participation from MyDermacy’s existing investors, The Economic Times reported citing people aware of the […]

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Revenue from international markets may outpace that of India’s: Practo’s Shashank ND

Shashank NDThe fresh fund infusion of $55 million led by Tencent has reaffirmed investor confidence in healthcare firm Practo. According to estimates, the latest round of funding puts the company’s valuation well past $600 million. The Series D funding round announced on Tuesday also saw the participation of three new investors – Russian venture capital (VC) […]

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Practo raises $55 mn in Series D round led by Tencent

PractoDigital healthcare platform Practo has raised $55 million in Series D funding led by existing investor China’s Tencent. Practo Technologies Pvt Ltd, which runs a doctor-appointment site and offers an ad platform to clinics, hospitals and diagnostic centres, also saw participation from three new investors—Russian venture capital (VC) firm ru-Net, Japan’s Recruit Holdings’ investment arm […]

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Netmeds in talks to acquire drugs marketplace Pluss

DRUGS_FREEOnline pharmacy Netmeds.com is in advanced stage of discussions to acquire Pluss, a hyperlocal drugs delivery startup, owned by Alpinismo Online Ventures Pvt. Ltd. Company. The combined entity is expected to take on rival 1mg, an online marketplace for medicines. Pluss’ existing investors IDG Ventures India, Singapore’s M&S Partners and US-based Powerhouse Ventures will all […]

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Top internet firms Flipkart, Ola, Zomato find it tough to win over legal eagles

legalIndia’s top internet companies such as Flipkart, Ola and Zomata, among others, are struggling to find and retain legal eagles who can safeguard their business interests in an environment that is increasingly becoming complex and challenging. Flipkart, the most valued Indian consumer internet company, for instance, saw two legal heads quitting successively in a year. […]

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Why getting doctors to adopt technology is crucial for a digital healthcare boom

Nipun-Goyal_Co-founder_Curofy-(1)2With the introduction of the term ‘Health 2.0’ in the early 2000s, India waded into the digital healthcare space. World Wide Web had taken the world by storm and India was no different. Health 2.0 was evidence enough that healthcare would be joining forces with the World Wide Web. But digital health was yet to […]

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Venture Factory rolls out incubation programme for healthcare startups

Deepam-Mishra,-CEO,-Venture-FactoryBangalore-based Venture Factory has launched an incubation and accelerator programme for healthcare startups. As part of this, the firm will fund up to five startups in the space by the end of this year. Christened VF-Healthcare, the programme will incubate healthcare startups and make an initial investment in these. Venture Factory will also participate in […]

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Online healthcare platform PurpleHealth raises $100K

PurpleHealthOnline health-on-demand platform PurpleHealth.com (previously known as DoctorsCabin.com), which is operated by Kerala-based DoctorsCabin Health Technologies Pvt. Ltd, has raised $100,000 (around Rs 67 lakh) from Mumbai-based Katabole Technology Venture, as it aims to enhance its product offerings, it said in a statement. The funding will be used for strengthening PurpleHealth’s team and enhancing its […]

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Delhi-NCR is the most preferred startup hub: InnoVen survey

bootsrepDelhi-NCR has emerged the most sought-after location for startups closely followed by Bangalore and Mumbai, reveals the ‘India Startup Outlook Report 2016’ published by venture debt firm InnoVen Capital (formerly SVB India). While Delhi NCR and Bangalore were neck to neck for bootstrapped and venture funded startups, the former was the hottest location for those […]

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How tech startups are assisting victims in flood-ravaged Chennai

Paytm, Practo, Ola and several new-age startups are playing a key role in helping the residents of flood-ravaged Chennai. While some startups are providing vital information on essential medical services, others are offering free services around transportation, connectivity and meals. Many tech firms have mobilised teams from Bangalore and other cities to provide humanitarian relief […]

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