Gurgaon based SeeDoc, which offers patients video consultation with doctors, has raised around $1 million (around Rs 6.7 crore) in its pre-Series A round of funding led by early stage venture fund YourNest . The app claims to have more than six lakh users and processes roughly 500 video consultations daily.
Flipkart, the parent of lifestyle e-tailer Myntra, is emerging as the front-runner to acquire rival fashion portal Jabong. Jabong currently commands 25% market share in online fashion retailing, while Myntra holds around 35% market share and the parent Flipkart has around 10% share. If Jabong rolls into its fold, Flipkart and its subsidiaries together will hold around 70% of the online apparel sales.
Online healthcare start-up 1mg Technologies Pvt. Ltd has acquired diagnostic labs aggregator Medd (HolaMed Healthcare Technologies Pvt. Ltd) in a move aimed at boosting its diagnostic footprint. It has also roped in Ankur Gigras, a former marketing head for gastroenterology at healthcare firm Abbott India Ltd, to oversee the diagnostics business.
Stitchwood, an online customised furniture store, has raised $200,000 (around Rs 1.3 crore) in its third round of funding from Deepak Gupta, co-founder, Equity Crest and a bunch of unnamed angel investors. The funding will be utilized for operations, marketing initiatives and enhancing customer experience.
Healthcare startup Curefit Healthcare Pvt Ltd, the joint venture of former Flipkart executives Ankit Nagori and Mukesh Bansal, has raised $15 million (around Rs 100.8 crore) in a Series A round of funding from Accel Partners, IDG Ventures and Kalaari Capital. The funding will be utilized for product development and enhancing the technology backbone of the venture.