Dealmakers' Digest: Hottest Startup Cheques This Week (August 09–14)
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The Indian startup ecosystem witnessed an impressive flow of capital this week, with companies across medtech, quick commerce, life sciences, luxury retail, AI-powered content creation, and on-demand services raising significant funds. From healthcare savings platforms to instant grocery deliveries, these ventures are addressing modern consumer needs with innovation, technology, and speed. Here's a look at the standout funding announcements.
Truemeds (Medtech)
Truemeds provides an online platform for purchasing and delivering medicines, focusing on affordability and authenticity. It offers clinically equivalent generic alternatives to branded medicines, sourced from top pharmaceutical manufacturers. The platform also includes doctor consultations and a broad selection of healthcare products, mainly serving chronic care patients managing conditions like diabetes, hypertension, and cardiovascular diseases. Customers can save between 50 and 70 percent on monthly medical expenses.
Inception: 2019
Founders: Akshat Nayyar, Dr Kunal Wani
Based Out: Mumbai
Funding Amount: USD 85 Million
Investors: Accel, Peak XV Partners, WestBridge Capital, Info Edge Ventures
Zepto (Quick Commerce)
Zepto operates in the quick commerce segment, specialising in 10-minute grocery deliveries. It offers fresh produce, daily essentials, and other groceries through a network of strategically located dark stores. The platform's fast service model has made it one of the leading players in ultra-fast delivery.
Inception: 2021
Founders: Aadit Palicha, Kaivalya Vohra
Based Out: Mumbai
Funding Amount: USD 45.7 Million
Investors: Motilal Oswal Financial Services
Aragen Life Sciences (Life Sciences)
Aragen delivers global R&D and manufacturing solutions for the life sciences industry. Its offerings span the entire drug development cycle, from early-stage discovery to commercial manufacturing, covering both small molecules and biologics. It serves pharmaceutical and biotech clients worldwide.
Inception: 2001
Founders: G V Sanjay Reddy
Based Out: Hyderabad
Funding Amount: USD 34 Million
Investors: Avendus Future Leaders Fund III, SBI Life Insurance
Kimirica (Luxury Retail & D2C)
Kimirica began as a luxury hotel toiletries and amenities supplier to hospitality giants like Marriott, Hilton, and Hyatt. Over time, it expanded into D2C retail, offering premium bath and body products, and has plans to open experiential stores to enhance consumer engagement.
Inception: 2013
Founders: Mohit Jain, Rajat Jain, Kimi Jain, Rica Jain
Based Out: Indore
Funding Amount: USD 15 Million
Investors: Carnelian Asset Management LLP
Dashverse (AI Content Creation & Entertainment)
Dashverse combines AI capabilities with human creativity to help creators build, publish, and monetise original stories. Its ecosystem includes DashReels, Frameo.AI, Dashtoon, and Dashtoon Studio, enabling content creation in comics, microdramas, and generative videos, fostering mobile-first entertainment and future global entertainment franchises.
Inception: 2023
Founders: Sanidhya Narain, Lalith Gudipati, Soumyadeep Mukherjee
Based Out: Bengaluru
Funding Amount: USD 13 Million
Investors: Peak XV Partners, Z47, Stellaris Venture Partners
Pronto (On-Demand Home Services)
Pronto offers home services through a 10-minute, shift-based model, connecting users with background-verified professionals for cleaning, laundry, dishwashing, and basic meal preparation. The platform focuses on speed, safety, and reliability in the home services sector.
Inception: 2024
Founders: Anjali Sardana
Based Out: Gurugram
Funding Amount: USD 11 Million
Investors: General Catalyst, Glade Brook Capital, Bain Capital Ventures (BCV)
These deals highlight the diversity and momentum of India's startup ecosystem.
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