IDG Ventures India, which counts Ratan Tata and Infosys cofounder Kris Gopalakrishnan as its advisors, is about to close its third country-focused fund of $200 million (INR 1,360 crore) in a fund-raising that may attract World Bank arm International Finance Corp (IFC).IFC is looking to invest about $20 million in IDG Ventures India III, which reached a first close of $120 million in February 2016.

Chandigarh Angels Network has invested $235,000 in Mumbai-based healthcare startup Yolo Health. Yolo Health, run by Health ATM India Pvt Ltd, provides a walk-in kiosk with medical devices and staffed by a medical attendant. The focus will to to strength the existing product and technology capabilities to deliver better virtual care experience while expanding and scaling existing virtual care touch points by closely collaborating with hospitals, state governments and CSR foundations.