Indian Startup and Business news #StartupDaily

OurHealthMate to expand globally

OurHealthMate is a digital platform that connects patients to health service providers at a low-cost. With 4.5 lakh medical services to choose the medical platform have almost 30,000 doctors and caregivers on-board. It plans to enter other market such as Philippines, Mexico, Indonesia, Vietnam, Thailand market in the next 12 months. The data analytics powered health service has tapped in big as well as small corporate houses providing the employees with cost-effective health checkups.

Sahodari- a companion for the mother-to-be

Founded by the three women entrepreneurs Suma Ajith, Ganga Raj, and Anjali raj from Kerala - Sahodari is a service that provides trained birth companions for pregnant women. It is essential for the mother to be provided with the care and support system throughout her pregnancy. Realizing the scenario where smaller families, working couples, couple living apart due to work commitments have become a paradigm, they came up with the service that is not limited to clinical care. The trained women or the ‘Sahodaris’ will help in choosing the right physical exercises, hospital visits, labour support, breastfeeding and postpartum care.

Iba Halal Care draws $3 million funds

India’s first and only halal certified brand Iba Halal Care has secured around $3million (Rs.21 crores) in series A funding round steered by Addvantis Enterprises, a Bengaluru-based startup of herbal personal care products under the brand name Vedaearth.
The fresh capital will be deployed to expand its presence across the country by developing new product categories. Founded in the year 2015, the company is spread across in different cities including Ahmedabad, Bengaluru, Bharuch, Delhi, Surat and Vadodara. It also sells online through Amazon, Flipkart, Snapdeal, Nykaa, Purplle and Bigbasket.

Zendesk launches new programs dedicated to startups

NYSE-listed customer service software firm Zendesk has announced a new program for startups, offering monthly credits of $218 for free access to The Zendesk Suite for a year. With this initiative, the firm aims in providing the adequate tools to create a strong foundation for the startups. The software firm seeks to focus the startups to deal with customer experiences from the beginning. Since its first launch in 2013,  Zendesk has helped thousands of companies like Limebike, Allbirds, and Instacart who are flourishing in their industries.

Japanese firms eager to work with Indian tech startups

Japanese firms have been coordinated with Indian startups. With a dearth of well-trained IT professionals, Japan is keen on utilizing the technological innovations from India and stimulate its manufacturing sector. Two Indian startups will participate in the first international conference called Well Aging Society Summit Asia-Japan in Tokyo on Oct. 9, where large companies, startups, investors and government officials will analyse global healthcare issues. This conference will be a platform to aid the goal of ‘co-creation’ and ‘co-innovation’.

The third Edition of Startup Expo to feature over 100 investors

The Startup Expo has geared up for its third edition on October 6 in the Delhi.  It is Co-created by Lufthansa India and the Delhi-NCR chapter of The Indus Entrepreneurs (TiE). This forum aims to build a platform for the budding entrepreneurs to put forward their project and meet investors all in one place, free of cost. The expo is likely to be a conflux of more than 20,000 delegates from 175 cities across India, over 100 investors, 500 eminent business experts and 500 innovative startup exhibitors who are expected to participate.

The TimesGroup taps grocery space, pumps in $3.6 million

The Times Group strategic investment arm Brand Capital infuses $3.6 million in online-to-offline grocery startup Avenue 11 and has raised $8 million funds till date.
The startup deals with the supply of fresh produce and vegetables, snacks, personal care products, and home essentials. Currently, operational only in Bengaluru, the O2O firm is keen to utilize the freshly secured funds for expansion of its business and to create brand presence across the country. With this infusion, the Times Group becomes the third giant to tap in the grocery space this year following Amazon and Flipkart.

DailyNinja manages to sweep funds from Matrix Partners and others

Milk and grocery delivery startup DailyNinja has bagged an undisclosed amount of financing anchored by Mumbai-based Venture Capital Matrix Partners India along with existing investors Sequoia India and Saama Capital. The infusion of fresh capital will be put to use to bolster growth and expansion of the company. It also aims to get talented individuals onboard. Currently, it operates in three cities- Bengaluru, Hyderabad and Chennai. Earlier the Bengaluru-based company raised $3 million in a funding round led by Saama Capital.

Alibaba, Paytm  supports Data Localisation

Paytm has written to the top executives of the Internet and Mobile Association of India (IAMAI) taking a stand for data localization and addressing the need to support it to benefit the startup ecosystem. Earlier, IAMAI president Subho Ray on a social media post wrote that the “ill-defined mandate” would pose complications for Indian tech startups.
Alibaba, the Chinese multinational conglomerate, has backed Paytm on data localization in every country to promote data security. Online biggies Google and Facebook are yet to clarify their stand on the issue.

CureFit, Oyo amongst most coveted and in demand brands

Ritesh Agarwal's hospitality player Oyo and former Myntra co-founder Mukesh Bansal's health and wellness firm Cure.Fit grabbed the first and second spots in the LinkedIn's 2018 top 25 startups list for India. While OYO Rooms has gone on to become India’s first technology driven network of standardized branded budget hotels with 350+ hotels across the country, CultFit has managed to outperform and eclipse online giants in a recent RedSeer survey on customer satisfaction.

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