Lifetime Health Raises $1.5 Million in Seed Round

Lifetime Health, a digital platform for at-home care, raised $1.5 million in a seed round led by The Garage Syndicate. Co-founded in 2023, the funds will enhance development. The platform offers phlebotomy, diagnostics, medical devices, nursing care, physiotherapy, and postoperative care, aiming to expand across major Indian cities.

MyPickup Raises Rs 1.5 Crore in Seed Funding Round

Electric vehicle ride-hailing startup MyPickup secured Rs 1.5 crore in seed funding led by Inflection Point Ventures. Launched in 2022 by Abhijeet Dattatraya Jagtap, the funds will develop scheduling algorithms, brand building, and optimize operations. MyPickup aims to offer zero cancellations and zero surge pricing with a fleet of electric auto-rickshaws.

Honestly Raises Rs 3.2 Crore in Pre-Seed Round

AI-powered beauty and personal care platform Honestly raised Rs 3.2 crore in a pre-seed round led by Better Capital, with participation from QED Innovations and leaders from Flipkart, Polygon, and Cred. Founded by Karishma Rathaur, the funds will support the initial product launch and aim for early product-market fit.

Newme Raises $18 Million in Series A Round

Gen-Z focused fast fashion brand Newme raised $18 million in its Series A round led by Accel, with participation from Fireside Ventures and AUM Ventures. The funds will expand Newme’s omnichannel presence and enhance supply-chain technology. Founded by Shivam Tripathi, Sumit Jasoria, and Vinod Naik, Newme aims to open 40-50 stores in the next 12-18 months.

Lenskart Raises $20 Million from Co-Founders

Eyewear retailer Lenskart raised nearly $20 million from co-founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi. The funds, issued via 695,875 CCPS at Rs 2,300 each, follow a recent $200 million secondary deal. Lenskart, valued over $5 billion, operates 2,500 stores, generating significant revenue growth.

Kalpavriksh Fund Exits The Ayurveda Experience with 6x Returns

Kalpavriksh Fund, managed by Acorn Fund Consultants, exited its investment in The Ayurveda Experience (TAE) with over 6x returns. Kalpavriksh invested in TAE in 2018 and participated in follow-on rounds. Founded by Rishabh Chopra, TAE serves 1.38 million customers and recently raised $27 million in Series C funding.

Dharana Capital Buys $50 Million in Urban Company Secondary Shares

Dharana Capital, an offshoot of Vy Capital, purchased $50 million in secondary shares from Urban Company employees, early investors, and founders as part of a $63 million secondary round. Following the transaction, Dharana’s founder Vamsi Duvvuri will join Urban Company’s board. Urban Company operates in 62 cities and has a network of over 55,000 service professionals.

Nazara Subsidiaries Face Rs 1,120 Crore GST Liability

Openplay Technologies and Halaplay Technologies, subsidiaries of Nazara Technologies, received GST notices to pay Rs 1,120 crore in retrospective taxes for FY18-FY23. Openplay owes Rs 845.72 crore, while Halaplay owes Rs 274.21 crore. The liabilities relate to GST on player sums pooled, not gross gaming revenues. Both subsidiaries are consulting legal and tax advisors.

Seeds Fincap Raises $8.5 Million in Series A Funding

NBFC Seeds Fincap raised over $8.5 million in Series A funding led by Lok Capital and Matrix Partners India (now Z47). The funds will expand lending capabilities, enhance technology, and increase branch footprint. Founded in 2021, Seeds Fincap provides tailored credit products to MSMEs and has disbursed over Rs 600 crore in loans.

Boon Raises $5 Million in Series A Funding

Watertech startup Boon raised $5 million in Series A funding, led by Roca Group Ventures. This funding will scale Boon’s AI-enabled WaterIo platform. Co-founded by Vibha Tripathy and Advait Kumar, Boon uses AI for predictive filter maintenance, offering sustainable water purification solutions. Boon previously secured $1.6 million in February 2021.