Karma Primary Healthcare Raises $1.3 Million in Series A Funding

Digital healthcare startup Karma Primary Healthcare secured Rs 11 crore ($1.3 million) in Series A funding led by UBS Optimus Foundation. The funds will enhance technology and expand the team for its patient-centric rural care model. Karma Healthcare provides remote patient monitoring and consultations for rural clinics.

Neuron Energy Secures Rs 20 Crore in Series A Funding

Electric vehicle battery manufacturer Neuron Energy raised Rs 20 crore ($2.4 million) in Series A funding, co-led by Chona Family and Capri Global Family Office. The funds will enhance R&D capabilities, establish an R&D lab in Pune, and set up a manufacturing facility in Delhi.

Gramophone Elevates Navneet Singh Batra to Co-Founder

Agritech startup Gramophone has promoted Navneet Singh Batra to co-founder. With over a decade of experience in FMCG and agri industries, Batra will oversee strategic growth initiatives. Gramophone, serving 50,000 villages and over 2 million farmers, reported a 75.6% revenue increase to Rs 316 crore in FY23.

Burma Burma Raises $2 Million to Expand National Presence

Burmese vegan restaurant chain Burma Burma has raised $2 million in equity investment from family offices, including Negen Capital. Founded by Ankit Gupta and Chirag Chhajer, the chain operates 13 locations across India and aims to expand further, having doubled its annual recurring revenue to over Rs 100 crore in FY24.

Instawork Acquires Able Jobs to Enhance Global Product Capabilities

San Francisco-based staffing startup Instawork has acquired Able Jobs, backed by Y Combinator and Elevation Capital. This acquisition will help Instawork build a global product leveraging Able Jobs’ expertise. Able Jobs co-founder Ravish Agrawal will serve as an advisor, while co-founder Siddharth Srivastava joins Instawork as a product leader.

Hyperbots Raises $2M Seed Funding Led by Kalaari Capital

Hyperbots, an AI startup for finance and accounting, secured $2 million in seed funding led by Kalaari Capital, with participation from Sunicon Ventures and Athera Venture Partners. Founded in 2023, Hyperbots will use the funds to expand its go-to-market strategy and develop proprietary AI models for finance and accounting automation.

Unacademy Employees to Receive No Appraisal in 2024

Unacademy will not provide appraisals in 2024 due to unmet growth goals, CEO Gaurav Munjal announced at a virtual town hall. Despite a low burn rate and extended runway, the company faces challenges, including recent layoffs and restructuring efforts. Munjal emphasized the firm’s resilience amidst industry downturns.