The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Cancer care, B2B, Home Décor, Mental Wellness & Finance marking another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Seed to Pre-Series A & Series B.

Sector: Cancer care 

Funding Round: Seed round

Startup:  Oncare

Established Year: 2023

Funding News: Cancer Treatment Startup 'Oncare' gains $1 million in Seed Funding round 

An inventive cancer care startup, Oncare has lifted $1 million in its seed funding round.

Investors: Huddle Ventures, Venture Capitalists including Cloud Capital, DeVC, and TRTL Ventures.

The money raised in a funding round will also go into growing the team and promoting the brand's reasonably priced cancer care options through marketing campaigns. Oncare, which was founded in the year 2023 by Deepak Kumar and Amar Sneh, is collaborating with hospitals that have 50–100 beds to establish oncology wards.

By means of these collaborations, Oncare is able to lower treatment expenses by up to 40%. The firm says it provides a high-quality, reasonably priced substitute for costly cancer treatments, which can cost up to 10 lakh in corporate hospitals.

Additionally, it provides patients with on-call nurse care to help them deal with the disputes and side effects of cancer therapies without needing to make unneeded hospital trips.

Over the course of its ten months of operation, the South Delhi firm has guided over 2,500 patients with their treatment plans and claims to have completed over 500 treatment sessions. 

Sector: B2B

Funding Round: Seed round

Startup:  Zintlr

Established Year: 2022

Funding News: Sales Intelligence platform 'Zintlr' nets 7.5 crore in Seed round

Om Jain led the seed fundraising round for Zintlr, a B2B SaaS platform that specializes in prospecting and sales analytics. The company raised 7.5 crore. 

Investors: Om Jain, Vinod Dugar (Modak Vyapaar Private Limited), Vimal Khivesara, Sparsh Jain (JG International Infra Limited), Motilal Oswal (Motilal Oswal Financial Services), JITO Incubation and Innovation Foundation (JIIF), and Vimal Shah, Prabhakar of Gopalan Enterprises and Ramesh Jain of GM Electrical.

The money raised will be put toward growing the team, breaking into new markets, and developing innovative ideas for intelligence-related product verticals. 

Zintlr, an AI-powered buyer intelligence platform, was founded in 2022 by Ravi Jain, Ujwal Kumar, and Pranay Khariwal. It also offers a curated contact database, revenue information, and more insights and prospects for certain geolocations and specialty sectors.

By employing the enterprise edition of the company, it helps a number of large corporates and MNCs determine their total addressable market (TAM), shorten their sales cycle, increase conversion rates, and close more deals.

Sector: Home Decor

Funding Round: Pre-Series A

Startup: Furnishka

Established Year: 2023

Funding News: Furniture retailer 'Furnishka' lifts 27 crore in Pre-Series A

Ganesh Pawar established furniture store, Furnishka in 2023. The startup successfully closes IndiaQuotient-led Pre-Series A funding round that raised 27 crore. 

Investors: IndiaQuotient, Sparrow Capital and Angel investors such as Ramakant Sharma and Sujeet Kumar, Co-Founder, Udaan.

The additional capital will be infused toward improving product research and design, strengthening supply chain & manufacturing capabilities, and expanding to new areas.

Furnishka promises to streamline the India’s complex home furnishing business by tackling the vital challenges such as long delivery delays, exorbitant charges, and variable service quality.

It provides a seamless buying experience with over 1,000 SKUs, customizable designs at affordable pricing, and both online and offline storefronts in Bengaluru.

Industry study suggests that the Indian furniture industry is anticipated to increase from $24.47 billion in 2023 to $64.39 billion by the year 2032, with a CAGR of 11.35% from 2024 to 2032. 

Commenting on the innovative offerings of the brand, Ganesh Pawar, Founder of Furnishka, states, “Supply chain optimization is the need of the hour to keep pace with the evolving customer demand. Our effective supply chain management of standardizing components and localization of production have helped significantly reduce operational costs without compromising on quality while meeting the promised delivery time. This enables us to offer entry-level products at 20% below market average and premium offerings at 30-40% less than competitors. As a result, we’ve achieved high customer satisfaction, leading to repeat purchases and referrals through word-of-mouth.”

Sector: Mental Wellness

Funded Round: Pre-Series A

Startup: LISSUN

Established Year: 2021

Funding News: Mental Health Startup 'LISSUN' lifts $2.5 million in Pre-Series A

RPSG Capital Ventures led the $2.5 million valued Pre-Series A funding round for the mental health platform LISSUN.

Investors: Ivycap Ventures, Rainmatter, and Sucseed Ventures, Multiply Ventures and Atrium Angels.

With this recent funding, the company has raised $5 million in total capital.

LISSUN completed a seed round in September 2023, raising $1.3 million under the direction of Inflection Point Ventures (IPV), Rainmatter Capital (Zerodha Group), and other investors. 

Expressing to this fund raise, Krishna Veer Singh, Co-founder & Chief Executive Officer, Lissun, says, “This Pre-Series A funding reinforces Lissun’s mission to solve mental health at scale. It equips us with the crucial resources needed to expand our services, enhance our technology, grow our team, and increase our reach. With this investment, we are further empowered to deliver high-quality, accessible mental health care to those who need it most, driving significant advancements in the field and setting new benchmarks for excellence in mental health care across India."

Similarly, Vikram Gupta, Founder and Managing Partner, IvyCap Ventures notes, "Our continued investment in Lissun reflects our unwavering confidence in their mission and the immense potential they hold to transform mental health care across India. Lissun’s dedication to addressing both awareness and accessibility issues within mental health, especially through the Sunshine division, sets them apart in the industry. As they scale their impact on mental health and development issues, we believe they are poised to make notable strides in offering critical support where it's most needed, fostering a positive change in the mental health landscape."

Sector:  Finance

Funding Round: Series B

Startup: BASIC Home Loan

Established Year: 2020

Funding News: Loan providing Startup 'BASIC Home Loan' bags $10.6 million in Series B

With the help of CE-Ventures and Bertelsmann India Investments (BII), fintech firm BASIC Home Loan has raised $10.6 million (about Rs 87.5 crore) in its Series B round of funding. 

Investors: E-Ventures and Bertelsmann India Investments (BII) & Ashish Kacholia, Gruhas, Let us Venture, 9Unicorns, and Venture Catalysts.

The money raised will be put toward developing its own loan book, increasing its market presence, and improving its technology.

BASIC Home Loan, established in Atul Monga and Kalyan Josyula, is creating a platform to automate home loans for Indian households with middle-class and lower-class incomes.

Since its establishment, BASIC Home Loan says it has helped about 250,000 households in more than 650 districts buy their own homes and created indirect jobs for 15,000 people in tier-II and tier-III areas. Through its network of lenders, the organization has disbursed more than $1.1 billion in loans and sourced loan applications totaling $12 billion.

Atul Monga, CEO and cofounder, Basic home loan says, “With this fresh round of funding, our focus is on expanding our reach, advancing our tech capabilities, and introducing tailored financial products to serve the evolving demands of the consumer and the ecosystem. We will be further expanding our risk-sharing FLDG (First Loss Default Guarantee) business with lenders, which will help us cater to a wider audience and offering innovative solutions to drive real impact in India's housing ecosystem”.