Startup Funding Alert – 27th February 2020

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Gurugram based startup Josh Talks raises $1.5 million from New York-based fund MDIF

Josh Talks Founders - Shobhit Banga and Supriya Paul
Josh Talks Founders – Shobhit Banga and Supriya Paul

Josh Talks raised $1.5 million ( Rs 10.7 crore) in pre-series A funding that was led by the New York-based Media Development Investment Fund as it forays into e-learning space in India. The startup says that with this new round of funding, its valuation crosses the 100 crore mark.

With the support of MDIF, the company is looking forward to expanding its vernacular growth in India, building skills vertical and taking josh to other developing nations.

 

What is Josh Talks?

Startup Funding - Josh Talks

Josh Talks was founded in 2015 by Supriya Paul and Shobhit Banga. The company began by organizing physical conferences to raise the aspirations of youngsters. To reach a wider audience, the platform soon started creating content in vernacular languages that were made available online.

Check out the website for Josh Talks here.

 

Healthcare AI startup Qure.ai raises $16M funding from Sequoia India and MassMutual Ventures, Southeast Asia.

Qure.ai Founders - Pooja Rao and Prashant Warier
qure.ai Founders – Pooja Rao and Prashant Warier

Mumbai based healthcare AI startup Qure.ai on Thursday announced that it has raised $16 million (Rs 115 crores) in a funding round led by Sequoia India and was supported by MassMutual Ventures Southeast Asia.

Qure.ai says it will use the funding to drive geographical expansion, expand product portfolio, and support regulatory clearances.

Warier, Co-Founder and CEO of Qure.ai, said that this funding would also allow us to further invest in R&D and to expand the reach of our solutions, accelerating our mission of delivering accessible and affordable healthcare to every human being.

Check out the website for qure.ai here.

 

Recent investments made by Sequoia

Startup Funding

Sequoia Capital India emerged as the most active investor backing at least seven startups last month. The company is currently investing out of its sixth India fund, which closed at around 695 million. Sequoia is planning to float its largest India-focused fund with a corpus of about $1.25 billion.

 

Nexus backed Hasura raises $9.9M in Series A funding led by Vertex Ventures, US

Startup Funding Hasura Founders - Tanmai Gopal and Rajoshi Ghosh
Hasura Founders – Tanmai Gopal and Rajoshi Ghosh

Hasura, a San Francisco and Bangalore-based company, announced that it has raised $9.9 million in Series A funding that was led by Vertex Ventures US. The early-stage venture arm of SAP, existing investors Nexus Venture Partners and Strive VC, also participated in the funding round.

The company says that it will use the latest fund proceedings to invest profoundly in R&D and product development, mainly for offering seamless integration with databases and other data resources and also use funds for hiring talent across the marketing and sales department.

Check out the website for Hasura here.

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