Health-tech startup Clinics On Cloud, aerospace and defence technology company Axial Aero, and last-mile delivery network Dispatch Network have secured early-stage funding.
Clinics On Cloud, a Pune-based health-tech startup, has raised $12.5 million (Rs 118 crore) in a Series A funding round from Dubai-based investors through Model42, the dedicated healthcare investment and growth platform of Enlightened Minds Investments.
The startup plans to use the capital to strengthen its AI-led healthcare capabilities, expand research and development, and accelerate the growth of its connected microclinic ecosystem.
It has positioned the UAE as its global expansion hub and plans to pursue opportunities across Africa, the US and Southeast Asia.
Founded in 2018, Clinics On Cloud manufactures and deploys AI-powered health ATMs, health kiosks and portable microclinics that offer rapid, self-service medical check-ups and instant teleconsultations. It has a presence in eight countries.
Axial Aero, an aerospace and defence technology company, has closed its Series A funding round, raising Rs 51 crore ($5.3 million).
Lucky Investment Managers Pvt Ltd, founded by Ashish Kacholia, and Zerodha’s Rainmatter participated in the round, along with the company's existing investors.
IndusWhale Capital Advisors acted as the financial advisor to Axial Aero for the deal.
Hyderabad-based Axial Aero is a deep-tech startup developing flight simulation and digital terrain technologies. It builds advanced full-motion and full-mission flight simulators for military and commercial aviation.
Dispatch, a last-mile delivery network, has secured Rs 5 crore in a pre-seed funding round led by Antler India.
Angel investors Krishi Fagwani, founder of Thrive, Yashin Mahadevia and Parth Modwadhia also participated in the round.
Founded by Rajit Arya and Navneeth Kannan, the company is building a last-mile delivery network that uses proprietary AI to improve rider productivity.
The company plans to use the fresh capital to expand its AI team.
