Tuesday, March 14, 2023

HealthPlix raises $22 million in Series ­C fundraising

While HealthPlix Technologies is Avataar Venture Partners’ first interest in the healthtech space, it is its second investment in the larger healthcare sector, first being in InsuranceDekho.

from Tech-Economic Times
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Rockstud Capital launches Rs 300 crore fund for early-stage investing

The fund, as per a company statement, has a target size of Rs 300 crore and will invest in startups at the pre-Series A to Series A stages of growth. The fund received a license from the Securities and Exchange Board of India in February.

from Tech-Economic Times
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Ayurveda brand Gynoveda raises $10 million

Gynoveda was founded in 2019 by the husband-wife duo Rachana Gupta and Vishal Gupta alongwith gynecologist Dr. Aarati Patil with an aim to democratise Ayurveda-enabled, curative self-care solutions for gynaecological and lifestyle-related disorders women face from puberty to menopause.

from Tech-Economic Times
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Late-stage startups continue to conserve cash with down rounds in offing: report

According to Bain & Co's analysis, while late-stage startups brace for a tough winter, early-stage deals are expected to remain “material” with innovation in emergent sectors.

from Tech-Economic Times
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Brands ride on Oscar winneRRRs

Paytm came out with an ad that said, “Say Na To UPI Failures with Paytm” while detergent brand Tide in a meme declared that a win “can’t get cleaneRRR than this”. Condom brand Durex in an ad said: “WHISPERing to winning screams. Indeed, a gRRReat night.”

from Tech-Economic Times
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OpenAI plans to up the ante in tech’s AI race

The company unveiled new technology called GPT-4 four months after its ChatGPT stunned Silicon Valley. The update is an improvement, but it carries some of the same baggage.

from Tech-Economic Times
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