Startup Funding Alert: Former NewMotion CEO invests in Mumbai-based EV charging company BrightBlu

#Startups #fundingalert #startupfunding #ev #electricvehicle #startupstrategy

Mumbai-headquartered electric vehicle charging solution company BrightBlu, co-founded by Wybren van der Vaart, Santosh Ram Somasundaram and Saket Anandkrishnan, has announced that the former CEO of EV charge point operator NewMotion, Sytse Zuidema, has become a new shareholder in the company. BrightBlu was formed in 2019, after the merger of Asia Electric, an EV charging solutions company and DrivAmp LLP, a smart charging technology provider.

With this announcement, Zuidema is now an active shareholder and director on the board of the company, BrightBlu. He has acted as the CEO of NewMotion from 2015 until April 2020 and led the company from scale-up stage to being the leading charge point operator in the European market. He provided shareholders of NewMotion with an exit in 2017 when NewMotion was acquired by Royal Dutch Shell.

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Former NewMotion CEO invests in Mumbai-based EV charging company BrightBlu

Mumbai-headquartered electric vehicle charging solution company BrightBlu has announced that the former CEO of EV charge point operator NewMotion, Sytse Zuidema, has become a new shareholder in the company. BrightBlu was formed in 2019, after the merger of Asia Electric, an EV charging solutions company and DrivAMP, a smart charging technology provider.

Mergers & Acquisitions: Unacademy Acquires PrepLadder For $50 Mn

#edtech #startups #acquisitions #mergersandacquisitions

Unacademy, India's learning platform, announced the acquisition of PrepLadder, a postgraduate medical entrance exam preparation platform for $50 million. This acquisition will further strengthen Unacademy’s presence in medical entrance examination categories such as NEET PG and FMGE. As a part of its inorganic growth strategy, Unacademy had recently acquired Kreatryx and taken over the custodianship of CodeChef.

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Unacademy Acquires PrepLadder For $50 M

Unacademy, India's learning platform, today announced the acquisition of PrepLadder, a postgraduate medical entrance exam preparation platform for $50 million. This acquisition will further strengthen Unacademy's presence in medical entrance examination categories such as NEET PG and FMGE. As a part of its inorganic growth strategy, Unacademy had recently acquired Kreatryx and taken over the custodianship of CodeChef.

Startup Funding Alert: 1mg Looks To Raise $17 Mn Debt From Existing Investors

#medtech #healthtech #startups #startupfunding #fundingalert

Online pharmacy 1mg is raising INR 133 Cr ($17 Mn) in debt from existing investors MPOF Mauritius, MAF Mauritius, HBM Healthcare Investment, AG’s subsidiary KWE Beteiligungen and World Bank’s investment arm International Finance Corporation (IFC).

1MG was launched in April 2015 after HealthKart separated its generic drug search business, HealthkartPlus, and rebranded it as 1MG. The company has three business verticals — pharmaceuticals, labs, and doctors. Its founders include — Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan. This year, the company has also received INR 20 Lakh in grant from Action Covid-19 Team (ACT) to tackle Covid-19 crisis in India.

According to DataLabs By Inc42+ estimates, the Indian healthtech market will contribute $21 Bn by 2025, which is still only 3.3% of the total addressable healthcare market which is pegged to reach $638 Bn in 2025. Startups competing with 1mg in the epharmacy space include PharmEasy, Netmeds.com, and Medlife.com. With its labs and doctors vertical, the company also competes with a slew of telemedicine startups such as Practo, Lybrate, MFine, and DocsApp.

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Exclusive: 1mg Looks To Raise $17 Mn Debt From Existing Investors

1mg's investors include IFC, HBM Healthcare Investments, KWE Beteiligungen and more The company had raised close to $70 Mn Series D round led by Corisol Holdings last year 1mg has also received INR 20 Lakh in grant from Action Covid-19 Team (ACT) to tackle the virus Online pharmacy 1mg is raising INR 133 Cr ($17 Mn) in debt from existing investors MPOF Mauritius, MAF Mauritius, HBM Healthcare Investment, AG's subsidiary KWE Beteiligungen and World Bank's investment arm International Finance Corporation (IFC).

Startup Funding Alert: PiggyRide bags Rs 14 crore funding led by JAFCO Asia - ETtech

#fundingalert #startupfunding #startups #mobility #kids #children

PiggyRide, which offers cab services for kids, has raised Rs 14 crore in pre-Series A investment from JAFCO Asia, along with a new investor Artha Venture Fund.

The startup runs three products including PiggyDiscovery, which offers parents and kids a platform to browse and book extracurricular interest-based activities. It also operates an education financing marketplace, PiggyFinance that assists parents with lesser disposable income to pay off school fees in instalments.

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PiggyRide bags Rs 14 crore funding led by JAFCO Asia - ETtech

PiggyRide, which offers cab services for kids, has raised Rs 14 crore in pre-Series A investment from JAFCO Asia, along with a new investor Artha Venture Fund. The startup runs three products including PiggyDiscovery, which offers parents and kids a platform to browse and book extracurricular interest-based activities.