Live music streaming app Streo has raised seed funding of an undisclosed amount from GEMs Advisory and early-stage VC fund Quarizon. The funding will be utilized to expand into other across Tier I cities in the country.Founded in December 2015, the app  gives users access to the latest trends in music real time, so that they don’t need to make or upload a playlist.

Healthcare technology company Citius Tech has launched a Healthcare Innovation Fund in collaboration with SINE– IITs Society for Innovation and Entrepreneurship. The final decision on what startups are selected rests with SINE, while Citius Tech executives would step in as mentors as and when needed.

Home utility products startup Bonita India has closed its first round of funding from El Capital, an offshore boutique debt structuring firm, and a clutch of individual investors. The funding will be utilized for brand-building exercises, investment in new product development and launches, creating product awareness, driving consumption at a pan-India level, and further growing the distribution network.