YouWeCan Ventures Picks Up Minority Stake in SportyBeans
Pune-based SportyBeans, a startup running sports programmes for kids, has raised an undisclosed amount of funding from YouWeCan Ventures. This is YouWeCan’s ninth startup investment in just six months, and has picked 10%-15% stake in SportyBeans.
The startup has 35 centres across 17 cities. It is looking to raise about $8-10 million to finance its expansion plans. It targets to have a network of over 200 centres in the next two years with revenues of about $12 million. Also, the company plans to leverage mobile technology to allow users to book online and for personal coaching and in-school sessions. It has signed an international franchise in Mauritius and another one would soon be launched in Malaysia, SportyBeans director Karan Sareen told ET. SportyBeans, which opened its first centre in 2010, today has a base of 15,000 children a year.
YouWeCan has also invested in JetSetGo, Vyomo, Moovo, Edukart, Cartisan and Healthians among others. The firm plans to make investment worth $7.7 million over five years and plans to increase the fund to $46 million during this period.
Singapore’s Technology Startup AntWorks Buys US Based Healthcare Service App Provider Benchmark Systems
Former Infosys BPO head Asheesh Mehra’s business process management and technology startup, AntWorks has acquired US-based Benchmark Systems, a healthcare applications services provider, in an all-cash deal, estimated at about $5 million.
“This acquisition helps us make deep inroads into doctors’ practices and ambulatory care, as well as gives us an onshore delivery centre,” said Mehra, who previously headed Infosys Technologies’ BPO operations in the Asia Pacific, Japan and Middle East regions.
Benchmark Systems offers an integrated suite of technology solutions, including patient portal, scheduling, electronic health records, practice management, and revenue cycle management. It is expected to add about $10-$12 million to its top-line over the next 12 months, and targeting overall revenue of between $15-$17 million by October 2016.
Antworks was founded in June 2015. It is headquartered in Singapore, and has its primary delivery centre in Pune, also plans to announce a second buyout in the healthcare segment, by the end of the current fiscal.
Networking Platform for Doctors DocPlexus Bags $700,000 from Uniqorn Ventures and ASP Consulting
Pune-based Linkedin-like platform for healthcare professionals from India, DocPlexus.in, has raised over $700,000 from Uniqorn ventures and Austria based ASP Consulting.
The freshly raised capital shall be used to develop a strong medical networking market and launch its product on iOS, since presently, it is available only on web and Android.
The company was founded in 2014 by Phanish Chandra to help doctors make better medical decisions by giving them a platform to communicate with peers, secure collaboration for patient treatment and medical updates.
DocPlexus platform gives access to an extensive and refined network of medical professionals with 110000 Indian doctors as its members.
A couple of more players competing in the same space are Curofy and PlexusMD.
WorkIndia Raises $500K Led by Citrus Pay Founder Satyen Kothari
Mumbai-based WorkIndia, a blue-collar job portal has raised $500,000 (Rs 3.25 crore) in a pre-Series A funding round led by Citrus Pay founder Satyen Kothari. The other investors who participated in the round include VentureWorks India’s founder Keshav Sanghi, Discover Capital’s founder Riddhesh Gandhi, and some senior executives at multinational banks.
Founded in July 2015 by Kunal Patil and Ajay Kumar, WorkIndia plans to use the raised funding to improve its product, for customer acquisition and expansion in 3-4 metro cities in coming six months. Its Android app has around 13,500 downloads since its launch in July 2015 and it directly connects the grey and blue-collar employees directly with the employers. Majority of the job listings fall under the category of tele-calling, retail and logistics segments.Category Business Investments News