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Photo credit: Pixabay.
A wearable medical device and a portable drone are among the five in today’s list of rising startups in India.
Ten3T
Bangalore-based medical grade wearables maker Ten3T has raised seed funding from Pi Ventures and angel investors. Its first device Cicer uses multiple sensors to collect and analyze clinical data for cardiac health. Its cloud-based software supports doctors and patients with predictive analytics.
Ten3T co-founders. Photo credit: Ten3T
“Medical care continues to be traditionally managed. With technological advances, there is an urgent need to build more powerful diagnostic capabilities coupled with interpretative tools,” says Ten3T co-founder Dr. Sudhir Borgonha, a physician who later graduated from the Sloan School of Management, MIT.
Manish Singhal, founding partner of Pi Ventures, adds: “We are looking to support disruptive product companies in the applied AI, ML, and IoT spaces, and Ten3T presents a compelling case.”
See: How a medical device maker got $5 million seed funding
Ideaforge
Photo credit: James Strong.
Bangalore-based drone maker Ideaforge has raised an undisclosed amount of funding from Indian IT services giant Infosys.
Ideaforge’s flagship product Netra is an unmanned aerial vehicle that’s light enough for a person to carry and can be launched from a roadside. It observes all activity in an 8 km radius and sends real-time video. Infosys says it will deploy the drones and derive data insights for industrial clients.
See: McKinsey finds it’s all talk and little action with data analytics in most companies
Pocket Aces
Entertainment has changed over the years. Performers at Cirque du Soleil’s show ‘Quidam’. Photo credit: ververidis / 123RF.
Mumbai-based digital entertainment startup Pocket Aces has raised US$3 million in a funding round led by Sequoia Capital.
Electrical-engineers-turned-investment-bankers Ashwin Suresh, Anirudh Pandita, and Aditi Shrivastava quit their jobs abroad to start Pocket Aces to create engaging content for the Indian millennial. “The capital raised will be used to bolster our technology base and add world-class talent to our team,” Anirudh told Tech in Asia.
See: Digital media startup for Indian millennials raises $3 million led by Sequoia
MoEngage
User engagement tool MoEngage has received an undisclosed amount of funding from Anand Chandrasekaran, head of partnerships for Facebook Messenger. Anand was formerly the product head at ecommerce site Snapdeal and telecom company Bharti Airtel – both organizations are clients of MoEngage.
“Anand has a proven track record of excelling in dynamic markets and building products that serve customers globally. His domain expertise in growing consumer internet companies will be invaluable to our endeavors to engage users across channels on a one-on-one basis,” says Raviteja Dodda, founder and CEO of MoEngage.
See: What Capillary, Splashmath, and MoEngage have in common
1Mg
Online pharmacy 1Mg has acquired MediAngels, which helps patients get a second opinion from specialists online. The acquisition will help 1mg diversify into consultations and corporate health services.
This comes close on the heels of 1Mg’s acquisition of Medd, a marketplace for diagnostic labs. Sequoia Capital, Maverick Capital Ventures, and Omidyar Ventures are among the startup’s backers.
Converted from Indian rupees, US$1 = INR 67.44
This post 5 rising startups in India – Dec 15, 2016 appeared first on Tech in Asia.
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