Mumbai-based Juno Clinic has raised about INR 8 Cr in Pre-Series A round of funding from Atul Nishar (founder of Hexaware Technologies & Aptech Computers) and other individual investors.Founded in January 2016 Juno Clinic is an online and offline startup focussed on mental health counselling and treatment.
Anil Ambani-controlled Reliance Capital Ltd has sold its nearly 1% stake in digital wallet company Paytm for INR 275 crore ($41 million) to China’s Alibaba Group. The deal, which values Paytm’s marketplace business at $1 billion, will increase the stake of Alibaba and its affiliate Ant Financial (the parent company of Alipay) in Paytm E-Commerce from the current 40% to 62%.
Early-stage venture fund pi Ventures has announced the first close of its maiden fund at $13 million, with technology entrepreneurs such as former Infosys CFO and Aarin Capital chairman TV Mohandas Pai, Flipkart’s Binny Bansal, MakeMyTrip’s Deep Kalra and Info Edge’s Sanjeev Bikchandani, and angel investor Bhupen Shah, backing it, among others. The fund, which will back early-stage startups that “focus on solving problems in healthcare, logistics, retail, fin-tech and enterprise sectors using artificial intelligence, machine learning and Internet of things”, plans to invest in 18-20 ventures over 3-4 years.
Logistics company Rivigo Services has raised debt financing of INR 100 crore from a clutch of private sector banks to expand its fleet of trucks. Rivigo is also preparing to introduce new products, including a technology to automate its trucking operations.
Global impact investor Accion International has raised a $141 million fintech fund to invest in companies that offer access to financial services to underserved consumers and businesses in emerging markets, including Asia. Accion Frontier Inclusion Fund will be managed by Quona Capital, a venture capital firm that supports fintech firms in emerging markets.