Healthcare startups Sova Health and C3 Med-Tech, e-mobility startup Clean Mobility Solution, and edtech startups Clapingo and Eduport have secured early-stage funding, the companies said on Tuesday.
Sova Health has raised $1 million (Rs 8.3 crore) in a seed funding round co-led by early-stage investor Antler, Accelerating Asia from Singapore, Practical VC from the US, and VC Grid and Venture Catalysts from India.
The round also saw participation from Quadrant Consumer Products, Midas Capital (Baheti Family Office) and undisclosed angel investors.
The startup will use the funding for product development, hiring talent and expanding its presence across geographies.
Founded by Tanveer Singh and Max Kushnir, Sova Health is a healthcare company focused on addressing a range of gut-related issues such as irritable bowel syndrome, acidity, constipation, and bloating. Its offerings include gut microbiome tests, probiotic supplements, and gut health programmes.
The startup had earlier raised pre-seed funding from Goodwater Capital, Brinc, IIMA Ventures, and Stanford Angels, among others.
Clean Mobility Solution
Clean Mobility Solution India Pvt Ltd, the wholly owned subsidiary of Swedish e-mobility firm Clean Motion AB, has raised $1 million (Rs 8.3 crore) in a seed funding round from micro-VC firm Finvolve, which is a joint venture of India Accelerator and Finolutions.
The company will allocate the funds to scale its operations and expand its team in India. It plans to establish a dedicated manufacturing facility in Pune to localise and indigenously manufacture its flagship product Zbee. Additionally, the company will set up an EV charging infrastructure through operation clusters.
According to its press statement, Finvolve plans to invest an additional $3-5 million in the next two years to help the company’s expansion efforts.
Healthtech startup C3 Med-Tech has raised Rs 2 crore (about $239,000) in a funding round from Industrial Metal Powders.
This investment will be used to expand its presence across India and globally via marketing efforts, team building and research and development for future products.
Founded by Yash Nagarsheth, C3 Med-Tech manufactures and develops ophthalmic screening devices. The startup has developed smartphone-based ophthalmic screening devices that can diagnose blindness and visual impairment causing eye diseases like cataracts, diabetic retinopathy, glaucoma, etc using its patented devices and telemedicine platform.
C3 Med-Tech was incubated at the Healthcare Technology Innovation Centre of the Indian Institute of Technology Madras. It has secured multiple grants including BIG’17 from the Department of Biotechnology of the Indian government and the IIT Madras Incubation Cell.
English tutoring platform Clapingo has raised an undisclosed amount in a funding round from angel investors such as comedians Biswa Kalyan Rath and Appurv Gupta, Droom and Shopclues co-founder Sandeep Aggarwal, and Foundership HQ.
The funding will be allocated for product development along with marketing efforts to attract more users and expand the user base, Clapingo said.
Founded in 2021 by Sameer Agrawal and Abhishek KG, Clapingo offers personalized English tutoring. It provides peer-led and tutor-led models that enable learners to connect and practice with each other using an AI teaching assistant.
Clapingo is currently active in India and the Middle East, with plans to expand into Southeast Asia. The company clocked Rs 1.5 crore in revenue in 2021, Rs 8 crore in 2022, and Rs 14 crore in 2023, respectively. This year, the startup aims to net Rs 80 crores in revenue, according to its press statement.
Eduport
Edtech startup Eduport has raised an undisclosed amount in a funding round from angel investor Tom M. Joseph.
Joseph, who is the new initiatives director at Jain University, will join the board of Eduport.
Eduport will use the funding to improve the tech infrastructure along with directing it toward content creation and curation in multiple languages.
Founded in 2020 by Ajas Mohammed Jansher, Eduport offers offline as well as online classes to students from classes 7 to 12. It offers coaching for entrance examinations to engineering and medical colleges, among others. The startup claims to have 5.5 lakh students on its app.