US-based DiabetOmics Inc, a medical diagnostics company with operations in India, has raised a Series-C round of funding worth $4 million from Ventureast to drive manufacturing and commercialisation in India. It has also raised an additional $1 million from KI Varaprasad Reddy, founder of Shantha Biotechnics, which was sold to Sanofi a few years ago.
Orobind secures $200,000
Orobind Fitness Technologies, which runs a mobile marketplace of fitness experts under the same brand, has raised $200,000 (Rs 1.26 crore) from a group of angel investors including Harpreet Singh Grover, co-founder, Cocubes; Lalit Mangal, co-founder, CommonFloor.com; and Toppr.com co-founder Zishaan Hayath.
Daily Rounds raises $500,000
Daily Rounds, a mobile app that compiles case studies and quizzes for doctors, has raised a seed round of Rs 3 crore ($500,000) from venture capital firm Kae Capital, Japanese e-commerce firm Beenos' founder Teruhide Sato and start-up accelerator GSF. Sato, has backed a similar company in Japan called Medpeer, which was listed in 2014.
Sidbi fund backs Natureland
Natureland Organics, which supplies organic foods has raised an undisclosed amount from Sidbi's Samridhi Fund to ramp up its business nationally. It works with a network of certified organic farmers and offers cereals, pulses, beans, spices, condiments, oils, ghee, processed food products and honey.
Qyk raises angel funding
Qyk, the mobile marketplace for finding local services announced on Friday that it had raised funding from a group of angel investors including early investors of Ola, Housing and Delhivery. Investors include Zishaan Hayath (co-founder of Toppr and Powai Lake Ventures), Abhishek Goyal (CEO and co-founder of Tracxn.com, ex-Accel Partners) and Sahil Barua (CEO and co-founder of Delhivery). Qyk seeks to serve as a one-stop platform for availing a wide range of local services. Qyk (qykapp.com) is a mobile platform which enables customers to hire trustworthy service providers and professionals near their area.
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