As many as 26 mobility startups have been shortlisted by Maruti Suzuki, in partnership with NSRCEL at IIM Banglore, for a nine-month incubation program. Maruti Suzuki will collaborate with the startup to create technology-led mobility business solutions, as per a statement given during the announcement of this program in Aug 2020. The objective of the collaboration is to help startups to bring industry-ready solutions and become large-scale businesses.
Conversational AI platform Niki.ai said its revenues have grown by 1,000% in the current FY. The Ratan Tata-backed startup has used voice-based commerce for driving growth in small towns and has served more than 1.5 mn people through its app last year. It said that the avg spends are increasing considerably. “Our user base increased by 220% in 2020 and will go up further as we expand into more geographies in 2021,” Niki.ai CEO Sachin Jaiswal.
Phable, a health tech-startup serving patients with chronic illnesses in India, has raised $12 mn. Manipal Hospitals led the round with the participation of existing investor SOSV. The Bangalore-based startup automatically collects patients’ data so that doctors can keep track of their progress. The app also enables patients to share what medicine they are taking, and the frequency of intake. The startup aims to on-board 5 mn patients and 35,000 doctors by end of 2021.
Meddo, a health tech start-up, has extended its pre-Series A round with a $3 mn capital infusion from SRI and Picus Capital. New funds take the total capital raised by the start-up to 6mn. Founded by Saurabh Kocchar and Naveen Nischal it aims to provide OPD clinic with digital solutions, diagnostics support and medicine delivery services. The investment will be used to increase geographical presence, launch membership program and boost tech infrastructure.
Cisco India announced a competition with prize money of Rs 2 cr to find agri-tech start-ups with innovative solutions. The Challenge is being co-hosted by Principal Scientific Adviser to the GoI K, Vijay Raghavan while conceptualised and managed by NGO — ‘The Nudge Centre for Social Innovation’. The challenge will run in stages over a year and the prize money will support participants in developing, testing, and scaling solutions to address the farming-related issues.