My Funding Picks For Last Week (W22 & 23)
Every Monday, I sit with my team to review the funding activity of the previous week. From that list, I pick out 3 companies that I would have loved to invest in or find founders that are doing similar things. Click here to know about my rationale behind this weekly exercise.
Another week for the lockdown to end (probably more for metro cities) should improve investment spirits. Deal activity continues to temper, but it hasn’t completely stopped. Last week saw 13 startups raise $50 million. Out of the 13 deals, 11 were in the early-stage rounds.
I expect deal activity to pick up over the next few weeks as the economy reopens with founders and funders finally get to their rubber meeting the road moment.
After sifting through the news (aggregated from Tracxn, Inc42, and YourStory,) I picked out these 2 as my favorite funding news from last week!
Name: Remedo Clinitech
Amount Raised: Undisclosed from AngelList, Mohit Satyanand, Mitesh Daga, and Aditya Vij
What does Remedo do?
Edited from Traxcn: Remedo Doctor is a cloud-based platform for medical record storage. It allows patients, doctors, and clinics to connect with each other and access relevant data. It enables patients to upload and store their medical records online. Available on Android and iOS platforms. Also, it allows doctors to generate insights through dashboards based on analytics.
Why do I like Remedo?
My thesis on telemedicine and record–keeping has undergone a significant shift during this economic lockdown and its after–effects. Platforms such as Remedo will become the mainstay of Indian healthcare as we practice social distancing but with better record keeping and tabs on our health.
Name: SwifLearn
Amount Raised: Undisclosed from Stellaris Venture Partners and Venture Highway
What does SwifLearn do?
Edited from Traxcn: Swiflearn is an online platform that provides live tuitions for K-12 students. It offers classes in small batches of 5 students. It offers crash courses for math & science for the upcoming year-end exam.
Why do I like SwifLearn?
Another product accelerated to the market due to the COVID lockdown. I like their premise, i.e., replace the in-person tutor experience by creating the same experience online. It increases the productivity of the tutor (and they don’t have to leave home!) but also provides them a more significant reach.
There is better control over the learning experience online, and the broader reach makes it affordable for students. Their pricing policy is exciting too. Definitely, one to watch out.
