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blalbiotech · 4 years ago

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TOP 10 BIOTECHNOLOGY START-UPS IN INDIA

India is among the top 12 destinations for biotechnology worldwide. At the moment India biotechnology industry makes up just 3% of the overall global biotech market ($11.1 billion/₹81,680 crore) but this number is expected to go up to 19% by 2025 ($100 billion/₹7.5lakh crore) that’s almost one-fifth of the world’s biotech sector. The biotechnology industry in India comprises >2700 biotech startups and is estimated to reach 10,000 by 2024 which aims to provide high quality drugs, better diagnosis & MedTec products available at reasonable price.

Let’s take a look at India’s top 10 biotechnology startups that are making India & the world a healthier place.

XCode Life Sciences

Founded by Mohammed Saleem, Abdur Rab Abdur Rahman & Ramabadran narayanan in 2010. It focuses on preventive healthcare by enabling individuals to understand their genetic makeup and helping them to improve their lives by creating personalized health, nutrition and fitness plan based on their genetic markers and disease risk. A couple of years back XCode also launched the world’s first ever South Asian ancestry genetic test which enables south Asian people to trace their ancestry. So far XCode life science has raised $170 million (₹1.25 crore) from round glass partners and shade holdings.

MapMyGenome

Founded by Anu Acharya in 2013. It is a personal genomics startup that offers their customers DNA-based immunity report which offer insights about your risk towards certain immune system diseases as well as life style diseases they might be susceptible to. These reports also tell which drugs will be most effective for them based on their DNA. Make My Genome has raised $1 million (₹7 crore) from investors Singapore angel network & sequoia capitals MD Rajan Anandan.

Oncostem Diagnostics

Founded by Manjiri Bakre in 2011. Oncostem is a cancer treatment startup that offers innovative prognostic & preventive solutions. Its flagship product CanAssist Breast is a prognostic test for early stage breast cancer patients which provide vital insights about breast tumors as well as benefits & risks of chemotherapy and hormonal therapy. It is working on developing tests for other type of cancer like oral & ovarian cancer. Oncostem diagnostic has raised $7 million (₹51.5 crore) from Artiman Ventures.

Sea6 Energy

The company was founded by 4 IIT Madras students Sailaja Nori, Nelson Vadasseri, Sayash Kumar, Sowmya Balendiran and their professor Shrikumar Suryanarayan in 2010. Sea6 Energy calls itself an ocean operating system because it has managed to harness the seaweed grown in oceans in a sustainable way to create a range of bioproducts that can boost agriculture, enhance animal & plant immunity and provide an alternative source of energy. It has raised $8.9 million (₹65.5 crore) from investors like Tata Capital & Biocon’s founder and CEO Kiran Mazumdar Shaw.

Pandorum Technologies

Founded by Arun Chandru and Dr. Tuhin Bhowmick in 2011, Pandorum Technologies is a biotech company that focuses on tissue engineering & regenerative medicine. It is the 1st Indian company to design & 3D print human liver tissue for medical research. Till date, the startup has raised $9.2 million (₹67.75 crore) from investors like 500 startups, 021 Capital, Indian Angel Network and Binny Bansal.

Bugworks Research

Founded by Anand Anandkumar in 2014, Bugworks Research is a drug discovery startup that is designing antibiotics that can fight the superbugs which are immune to our traditional drugs. To date, this biopharma startup has raised $16.5 million (₹121.5 crore) from University of Tokyo Edge Capital, Global Brain Corporation and Aquipharma Holdings.

Zumutor Biologics

Founded by Kavitha Iyer Rodrigues in 2013, Zumutor Biologics is one of the leading immune-oncology startups that help in treating cancer by targeting the body’s immune system. To date, it has raised $41.6 million (₹306.4 crore) from Accel, Chiratae Ventures & Bharat Innovation Fund.

Vyome Therapeutics

Founded by Shiladitya Sengupta & Venkateswarlu Nelabhotla in 2010, Vyome Therapeutics is focused on treating inflammatory diseases like acne using its innovative next-generation therapeutic solutions. It has raised $48.3 million (₹355.7 crore) from Iron Pillar, Sabre Partners and Aarin Capital.

Farcast Biosciences

Founded by Pradip K. Majumder & Mallikarjun Sundaram in 2010, Farcast Biosciences was formely known as Mitra Biotech. The startup has developed its flagship platform called CANScript which helps oncologists to identify which drug will be most effective for their patients. They have raised $76 million (₹560 crore) from Northpond Ventures, Tata Capital & Accel.

MedGenome

Founded by Sam Santhosh in 2013 , MedGenome is a biotech startup that offers genome–based diagnostics and research solutions. It uses DNA sequencing to help pharmaceutical companies develop personalised medicines for diseases like Cancer, Diabetes and other rare diseases. To date, MedGenome has raised $119 million (₹876.4 crore) from investors like LeapFrog Investments, Sequoia Capital and Zodius Capital.

These biotechnology startups are working at a speed of light to reach the sky heights by expanding their network. The advent of digitization & artificial intelligence has advanced the way science can deal with health issues. Let’s hope that in future more innovation, discoveries and development will be carried out in the biotech industry in order to advance the healthcare system worldwide.

#biotech startups #biotechnology latest startups

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dailyjobsnotifications · 4 years ago

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Women in Research and development: Private sector outshines PSUs

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(This story originally appeared in on Aug 31, 2020)

BENGALURU: Research and development (R&D) activity in India’s private sector has a larger proportion of women compared to government-supported agencies, even as men continue to overwhelmingly dominate the sector.

At least seven out of every 10 women employed by private R&D facilities are involved in research, whereas not even half of…

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#Aarin Capital Partners #mohandas pai #pharmaceutical industry #Private sector #PSUs #Research and Development #Women

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techminsolutions · 3 years ago

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88academics India raises $3 m funding from Aarin Capital Partners, others

Edtech firm 88academics, on Monday, said it has raised equity financing of about $3 million (about ₹22.1 crore) in funding, led by Aarin Capital Partners. The pre-series A round also saw participation from Piyush Gupta (DBS Group CEO), Vinod Gupta (VG Learning Destination MD), PS Jayakumar (ex-MD and CEO of Bank of Baroda), Ramesh Swaminathan (Lupin Group CFO), Ajay Abrol (ex-Head Proprietary…

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inventivaindia · 5 years ago

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Sojitz opens new office in Bengaluru; readies to work with local startups

Sojitz India Private Limited opened a new office in Bengaluru on Monday. Notable guests at the opening ceremony included Kenji Hiramatsu, Ambassador Extraordinary and Plenipotentiary in India; Takayuki Kitagawa, Counsul-General, Consulate-General of Japan; Yasushi Funatsumaru, Director, Sojitz India; TV Mohandas Pai, Chairman at Aarin Capital; and Siddharth Pai, Founding Partner at 3one4 Capital.

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businessliveme · 5 years ago

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Next Big Wave of Tech Unicorn Listings Could Be in India

(Bloomberg) –India’s stock markets are set for a wave of unicorn listings, according to technology venture capitalist and former Infosys Ltd. official Mohandas Pai.

Pai, who is also chairman of Securities and Exchange Board of India committees on primary markets and financial technology, said 10 to 15 internet and tech companies are looking to list in India over the next three years. These firms are likely to be valued at $300 million to $10 billion, he said in an interview.

One of the companies is Byju, creator of an education app, in which Pai’s Aarin Capital Partners owns a stake. Others he expects to list in local markets in the next few years include food delivery platforms Swiggy and Zomato, as well as PhonePe and Myntra, which are both units of Walmart Inc.-controlled Flipkart.

“There is appetite for IPOs,” from companies as well as investors, the former Infosys chief financial officer said. “The market is hungry for fast growth IT stocks.”

Byju, Swiggy, Zomato, PhonePe, Myntra did not immediately respond to Bloomberg queries on their plans.

Headlines on the swelling valuations for India’s homegrown tech firms have been increasing in number over the past couple of years:

Oct. 2019: Paytm Nears SoftBank, Ant Fundraising at a $16 Billion Valuation

July 2019: 25-Year-Old Founder Spends $2 Billion to Triple Stake in Oyo

Dec. 2018: India’s Byju’s Is Said Valued at $3.6 Billion After New Funding

Oct. 2018: Naspers Is Said to Plan Investment in $2 Billion Swiggy

Oct. 2018: India Has Hit Record Number of $1 Billion Startups This Year

May 2018: Walmart’s $16 Billion India Investment Creates Two Billionaires

Oct. 2017: India’s Ola Is Said to Get $2 Billion From SoftBank, Tencent

Pai pointed toward interest from both global and local investors that drove the nation’s equity indexes to record highs last month. The strong performance of internet-related stocks including Indian Railway Catering & Tourism Corp. and Info Edge India Ltd. this year has also helped, he said. The former gained about 170% since its listing in October and the latter advanced over 30 times since its IPO in 2006.

Foreign investors have pumped about $13 billion into Indian stocks this year, set for their biggest annual inflow since Prime Minister Narendra Modi was elected in 2014, according to data compiled by Bloomberg. Domestic investment in stocks has also increased in recent years as investors have embraced mutual funds amid a lack of confidence in other assets.

Pai said that liquidity and valuations shouldn’t be concerns for companies seeking to list, as the market is “flush with money” and India investors have shown a willingness to pay up for growth stocks.

–With assistance from Baiju Kalesh.

The post Next Big Wave of Tech Unicorn Listings Could Be in India appeared first on Businessliveme.com.

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cryptswahili · 6 years ago

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2018 in Review: The Best Of Inc42

This year we at Inc42 published over 4,000 stories, with a mix of news, features, startup stories and special editions about the Indian startup ecosystem. Looking back at the biggest stories of the past year, the recurring observation we made was the sudden maturity that startup founders and investors were showing. After the blind optimism of 2015, the funding winter of 2016, and the return to form in 2017; in 2018 the startup ecosystem replaced gung-ho enthusiasm with a carefully thought-out strategy.

While we continued to serve the startup news and deep-dive features, we also experimented with some new formats. We also refreshed the look of the website this year.

In January we started the ‘Watchlist’ series, which was also the most read series in 2018. The series curated the most innovative and promising startups in various sectors such as AI, fintech, agritech, blockchain IoT and more are a must watch, and these startups are definitely going places. While we are going to come up with this 2019 soon, here are some of the watchlists you can read through! :

11 Indian IoT Startups To Watch Out For In 2018

12 Indian Agritech Startups To Watch Out For In 2018

11 Indian Healthtech Startups To Watch Out For In 2018

You can view the complete list of Startup Watchlist here.

After a successful run in 2017, we introduced ‘Moneyball’ column which throws the limelight on investors and the important role they play in shaping the startup ecosystem. This year we featured some of the most prolific investors such as:

Karan Mohla Of IDG who spoke on reaching the next 300 Mn smartphone users in India

Blume Ventures’ Sanjay Nath, who spoke on the spurt of Chinese and Japanese investment in India

Sanjay Swamy Of Prime Venture Partners, who said that digitalisation is leading to huge potential in verticals such as healthcare and education

If you have been a reader of Inc42, you know we are in love with data (DataLabs)and 2018 was no different. We crunched the numbers and broke down the data in our ‘What The Financials’ (which we introduced this year), focusing on the oft-ignored aspect of startups – their toplines and bottomlines. Here are top picks from the series:

BYJU’S Set to Achieve Profitability Target Of $83.3 Mn By 2022 With Flying Colours

With Positive FY18 Financials, Pepperfry Looks To Become Profitable In Next 4-6 Quarters

On-Demand Service Startups UrbanClap, Housejoy Finally Home In On Growth

The year 2018, was also about celebrating where the startup ecosystem has reached today! Our stories, our flagship report and our flagship event — The Ecosystem Summit reflected the same.

In November we held our flagship event — ‘The Ecosystem Summit’ which brought together unparalleled group of CEOs, founders, investors, luminaries, and all those who matter in the Indian startup ecosystem. The idea was to bring together all the stakeholders under one roof to foster collaboration, the exchange of ideas, and synergies to facilitate conversations to further globalise the work done by Indian startups and recognise their contribution to the community.

The Summit accompanied the launch of our flagship report — The State of Indian Startup Ecosystem 2018 by Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation; Hiro Mashito, Director, M&S Partners; TV Mohandas Pai, Chairman of PE fund Aarin Capital; and Inc42 founders Vaibhav Vardhan and Pooja Sareen. In the report, we have filtered and encapsulated the essence of our years of expertise and insights on India’s startup and technology ecosystem with the goal of facilitating a deeper, perspective-driven understanding of the industry.

Here is a selection of some of the most insightful conversations and debates from the event:

How To Scale Up Your Startup Fast But Not Break Things

Japanese Investors Look Towards India As The Land Of Rising Startups

India’s Tech Entrepreneurs To Create A $10 Tn Economy By 2030, Says TV Mohandas Pai

Order The Report Now

Here’s a list of some of the most popular stories this year:

Startups’ Demand: CBDT Notification Not Enough, Angel Tax Must Be Exempted

Vivek Wadhwa On The Dark Side Of Technology, End Of Bitcoin And More

Here Is Fynd’s Pitch Deck That Made Google Invest In It

Snapdeal’s Offices Are A Reflection Of Its Shifting Fortunes: What Will Its New Office Bring?

Girish Mathrubootham, The ‘Thalaiva’ Of Indian SaaS, On The Making Of The Blockbuster Freshworks

To wrap things up, just like every year, we introduced “2018 in Review” series where we compiled the major developments in the Indian startup ecosystem and their impact on various stakeholders in 2018 — from entrepreneurs to investors. Find stories from this series here.

It has been an absolute pleasure telling the stories of some of India’s brightest entrepreneurs, big ideas and investments and the challenges they have faced and conquered, From all of us at Inc42, many thanks and a happy new year.

The post 2018 in Review: The Best Of Inc42 appeared first on Inc42 Media.

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atticusblog2016-blog · 8 years ago

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New Post has been published on Atticusblog

New Post has been published on https://atticusblog.com/early-stage-fund-pi-ventures-others-back-health/

Early-stage fund pi Ventures, others back health

Breast most cancers screening startup Miramar Fitness Analytics has raised an undisclosed amount of seed investment from a size of buyers, along with early-level mission budget pie Ventures and Axilor Ventures, impact investor Ankur Capital, Silicon Valley-primarily based startup accelerator 500 Startups and Flipkart co-founder Binny Bansal, a company statement stated.

Facts released via Small Industries Improvement Financial institution of India (SIDBI) display that pi Ventures has invested Rs three.25 crore inside the startup. Miramar will use the finances to strengthen its intellectual property portfolio, make bigger operations and make its most cancers screening tool to be had for commercial use, Geetha Manjunath, co-founder and leader govt of the company stated within the announcement. Founded by means of former personnel of Xerox Studies Middle and Hewlett-Packard Labs, Manjunath and Nidhi Mathur in July 2016, Nirmal, which stands for non-invasive hazard evaluation with system studying, makes use of large Statistics analytics and artificial intelligence over thermal photos for the early detection of breast cancer. The firm’s technique of screening is primarily based on the principles of thermography that can detect tumors five years earlier than a mammography or a clinical examination can do so.early term definition.

Co-Founded via the founding father of on-line funding platform LetsVenture Manish Singhal and V imaging co-founder Umakant Soni, pi Ventures had introduced the primary near of its maiden fund at $13 million, with generation entrepreneurs along with former Infosys CFO and Aarin Capital chairman Television Mohandas Pai, Flipkart’s Binny Bansal, MakeMyTrip’s Deep Kalra and Info Aspect’s Sanjeev Bikchandani, and angel investor Bhupen Shah, backing it, amongst others closing month. Pi Ventures’ investment awareness is of artificial intelligence, system gaining knowledge of, Internet of things-enabled corporations primarily based on healthcare, smart towns, fin-tech, retail, cyber protection, logistics and employer automation across India. Its maiden fund plans to invest in 18-20 ventures over 3 to 4 years.

Its latest investments encompass medical era startup SigTuple Technologies Pvt. Ltd, which raised $five.8 million (around Rs 38.eight crore) in a chain A round led by using Accel Partners with participation from pi Ventures and others. The startup builds cloud-based answers for medical prognosis using AI and has tied up with clinical institutions to get Information for the analysis. In February, pp Ventures along with early-level seed investor Blume Ventures invested Rs eight crore ($1.18 million) in Gurgaon-based totally Zenatix answers Pvt Ltd, a web of things (IoT)-primarily based power management startup.early moments cancel membership. In December 2016, the fund, along with angel buyers, backed Bengaluru-based totally scientific wearable device startup ten3T.

Popular Consciousness About Early Pregnancy Signs and symptoms

Each girl, of the infant bearing age, wants to be aware of early Being pregnant Signs, in order that she will be able to have a right adventure thru her Being pregnant period. Being pregnant period is the 9-month phase in Every lady’s life, which makes her a whole female in herself as she is sporting a brand new existence inside her. Unawareness About the Signs can result in late information Approximately the Being pregnant and till then it’s miles quite viable that it is easy to omit the initial care for the developing toddler. it’s miles very critical to be careful from the start of the Being pregnant period and first trimester (complete Being pregnant length is divided into three trimesters) could be very important for the baby. With the intention to have a clean journey over this period it is important to recognize the right Symptoms of the Pregnancy so that the looking forward to mothers can plan a right take care of themselves and their infant inside them. Even though it is able to be stated that some Signs are quite common and show up to Each pregnant woman still it cannot be generalized.

commonplace Symptoms Of The Pregnancy

Missed period (amenorrhea) is typically the primary sign most of the early Signs and symptoms of Pregnancy. However, if you miss your periods normally then it cannot be a massive symptom. it’s far pretty possible that, if you are underweight, or you are having tension or you’re harassed then additionally you may pass over your period. Besides this, it is also possible that you can have mild bleeding around the time of your period and nevertheless you’re pregnant. The growth of breasts can also characterize which you are pregnant. The veins over the breasts turn out to be pretty outstanding and there may be tenderness across the breasts. If there’s a sense of tiredness and dizziness round whole day then there are probabilities you are pregnant. This symptom is one of the primary early Signs and symptoms of Pregnancy.

First Level of Labour

Labor experience differs from pregnancy to being pregnant. For a few, it may lead to a be counted of hours. For others, it can now not be that easy and it can certainly test the mom’s physical and emotional electricity.

While it is hard to ascertain the sequence of events throughout labor and childbirth however you can actually still have an understanding of the way things are going to be.

Degree 1: Early and energetic labor

Whilst you begin feeling everyday contractions, that may be termed because of the begin of the primary Stage of labor. for the duration of this time, the cervix dilates to open up and in the system will become skinny, soft and shortened. This enables the baby to proceed towards the delivery canal. the primary Degree of labor is absolute lasts the longest and in flip may be segregated into segments – early or the latent labor section and active labor.

Early labour

You will sense moderate and irregular contractions whilst your cervix dilates and effaces during the early Level of labor. There might be a clear, crimson or fairly bloody excretion from your vagina that’s most probably the mucus plug that acts as a blockade to the cervical commencing. The duration of early labor is variable. For the first timers, the period of early labor may additionally differ from hours to days. However, for subsequent pregnancies, the duration is often shorter.

For pregnant ladies, early labor Stage is one of the difficult and uncomfortable. But, you may try to make it comfy by using.shop stage online store

· Stroll across the room

· Indulge you in a leisurely bathtub or a bath

· If you love music, that’ll help you to relax

· Try some of the respiratory and relaxation method you’ve been taught within the birthing elegance

· Alternate your role regularly

all through this time, if your water breaks or there is excessive vaginal bleeding,y. then touch your health care issue straight away lively hard work.men’s health issues over 60.Now starts of evolved the actual labor. While you go through lively labor, the cervix dilates from 6cm to 10 cm. You may undergo cramps and nausea at the side of more potent and ordinary contractions. Your water would possibly break for the duration of this time. If not, You may feel intense stress for your again. In case you’ve now not reached the birthing center yet, head in that direction right away.

At this Degree, the pain intensifies. Consult with your healthcare company concerning using pain medication or anesthesia. The length of energetic labor can last up to 8 hours or greater. The cervix dilates around 1cm in step with the hour during this time. To address the pain, follow deep breathing and rest techniques. To make this Stage barely more bearable, do the subsequent.ink shop clothing.men’s health issues after 50.

Health and Fitness: Meditation Article Category

The Health Advantages Of And Medical Conditions Helped By Meditation

By Josee Smith

You’ve likely heard about the health benefits of yoga in improving mental and physical health and improving flexibility, and you might assume that meditation is the same thing. Although meditation can certainly be incorporated into yoga, it is an entirely different practice. 5 Ways to Stop Thinking and Start Meditating – Dealing With Intrusive Thoughts by Deborah Kunkel, Ph.D. Meditation can feel like a thought-wrestling rodeo. But you’re not alone – intrusive thoughts are normal, even for experienced meditators. Here are 5 ways you can move beneath those thoughts into deeper meditation. Meditation – Key to Live an Ideal Life by Gaurav Verma What is meditation? Is it an activity through which human beings transform their mind and develop their positivism, patience, love and forgiveness or is it just a process to know yourself? This article is about the real meaning of Mediation and its benefits. Chakra Malas, Cosmic Focuses Of Energy by Era Chandhok We are all beings of energy and part of this beautiful universe. The colors of the chakras or the seven cosmic energy centers in the body are related to the colors of the rainbow: violet, indigo, blue, green, yellow, orange, red. Much as all colors combine into the purest white of the thousand-petaled lotus, so also the energy centers are tuned up to access our supreme consciousness. Chakras are primal cosmic focuses of energy in the human vitality field. Situated along the central path of the body from the base of the spine to the highest point of the head, chakras are concentrations of vital prana that are always in motion, balancing the energies with the auras of the universe. Learn to Meditate in 10 Days by Elly McGuinness My experience of learning to meditate in a Vipassana meditation center. Ten days of silence with a bunch of strangers makes for an interesting journey! 8 Tips on How To Meditate At Home by Satvik Mittal

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techminsolutions · 3 years ago

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88academics raises $3 mn in pre-series A round led by Aarin Capital

Online education provider 88academics has secured equity financing of about $3 million in a pre-Series A round led by Aarin Capital Partners, founded by Mohandas Pai and Ranjan Pai. 88academics (India), an 88tuition (Singapore) group company, will use the funds to develop India specific content for the K-12 segment. A group of successful professionals, including Piyush Gupta (CEO, DBS Group),…

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newsdistribution · 8 years ago

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Marketing automation platform Wigzo closes bridge round to fund global expansion

Wigzo — marketing automation platform which claims to be using ML (machine learning) for converting and retaining customers, has announced that it has raised an undisclosed amount of funding in a bridge round.

The round was led by the company’s existing investor 3one4 Capital. It also saw participation from Aarin Capital, Advantedge Partners and a few angel investors, including Arjun Sharma of Select Hospitality, and Mohit Gulati of Altius Ventures.

With new funding coming in, the Delhi-based startup is now planning to utilise the fresh cash to expand into North and South America. The startup is also looking to hire for its top deck as it now eyes global expansion. Commenting on this, company CEO Umair Mohammad, said,

Since the product addresses the problem (that is) global in nature and we have huge demand coming from overseas markets, it makes perfect sense to actively expand in new regions.

Founded in 2012 by Umair Mohammed and headquartered in Singapore, Wigzo is a contextual marketing platform that helps marketers send smarter communication via email or in-app. It allows to change content dynamically based on user behaviour on website and mobile app.

Wigzo has a plug-and-play solution that helps marketers effectively personalise all customer touch points across various channels, including email, mobile and web pages. It provides a comprehensive set of tools built for marketers that enables a machine-intelligence driven personalised campaign.

In August 2014, the company had raised seed funding round worth $100,000 from Guerrilla Ventures, Nikunj Jain and Outbox Ventures. In December 2015, it raised another $500,000 in the seed round, from around eight investors, including 3one4 Capital, advantEdge Partners, ah! Ventures, Akshay Garg, Manipal Global Education Services, Mohandas Pai, Sachin Bhatia and Singapore Angel Network.

Source:: https://thetechportal.com/2017/03/27/wigzo-raises-bridge-round/

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thetechbulletin · 8 years ago

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FabHotels raises $8 million Series A

FabHotels, India based hospitality startup dealing in budget hotels, has raised $8 Million in Series A round of funding from a bunch of investors including Accel Partners, RB Investments, Aarin Capital and Qualcomm Ventures. Fabhotels works on the popular model of standardizing the budget hotel to give the look and feel according to the brand. Along with being a hotel aggregator, the startup also…

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#Aarin Capital Partners #fabhotels #hospitality #RB investments

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newsdistribution · 8 years ago

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Marketing automation platform Wigzo closes bridge round to fund global expansion

Since the product addresses the problem (that is) global in nature and we have huge demand coming from overseas markets, it makes perfect sense to actively expand in new regions.

Source:: https://thetechportal.com/2017/03/27/wigzo-raises-bridge-round/

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newsdistribution · 8 years ago

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Marketing automation platform Wigzo closes bridge round to fund global expansion

Since the product addresses the problem (that is) global in nature and we have huge demand coming from overseas markets, it makes perfect sense to actively expand in new regions.

Source:: https://thetechportal.com/2017/03/27/wigzo-raises-bridge-round/

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newsdistribution · 8 years ago

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Urban Ladder partners with interior design platform HomeLane to expand its customer base

Early in February, Urban Ladder bagged fresh investments of nearly $15.2 million, poured in by existing investors Kalaari and SAIF Partners. The online furniture store has since been working on the extension of its services and expansion of business. In lieu of the same, it has now partnered with interior design and decor platform HomeLane for an additional channel of distribution.

Founded in 2014, Bengaluru-based Homelane helps property owners furnish and install fixtures in their new apartments and houses. The platform founded by Rama Harinath and Srikanth Iyer operates on a guaranteed on-time delivery and after-sale services business model. It even secured funding worth $4.5 million in Series A round led by Sequoia Capital with participation from Aarin Capital, late in February 2015.

This partnership shows Urban Ladder is tapping every available avenue for revenues so as to boost up the platform’s customer base. With the assistance of HomeLane, the company aims to acquire new customers at a marginal cost and marketing expenses. It will work on a commission model with the second-hands store and convert the new home buyers coming to HomeLane’s platform into their own customers.

Detailing the prospects of this partnership, Sanjay Gupta, chief marketing officer at Urban Ladder said,

The customers who come to the HomeLane platform for modular and fittings solutions for their homes also have a need for loose furniture such as sofa, beds and other units which we would be providing them.

Urban Ladder hopes that their new multi-channel distribution model will account for 4% of the furniture brand’s business over the next three years. It is also engaged in advance with other such business platforms and refurbished stores to increase its presence in India. The PepperFry rival might also grab financing solution providers to enhance its services for the customers.

Urban Ladder has been looking for such collaboration opportunities with offline retailers and stores from past six months or so. It applied for a single-brand retail licence around the same time and further proposes of evolving a brand new identity for their exclusive offline products. The company recently collaborated with GoZefo, a refurbished home products platform, for its exchange programme and initiated furniture sale on e-tailer websites such as Amazon and Flipkart.

Source:: https://thetechportal.com/2017/03/17/urban-ladder-homelane-partnership/

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