IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) is poised to move forward with a new $150 million Bharat Innovations Fund. The fund will be larger with focus on sectors like healthcare, agriculture and energy.
Mumbai-based startup Holachef has raised fresh funding from two of its existing venture capital investors even as food technology as a domain is going through consolidation. The food-tech startup run by Holachef Hospitality Pvt. Ltd that also counts Tata Sons’ chairman emeritus Ratan Tata as an investor, bagged Rs 13 crore ($1.95 million) from Kalaari Capital and India Quotient.
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.