AI fitness tech start-up increases ₹31 cr from Alteria Capital

Bengaluru: City-based total startup NovoCura Tech Health Services Pvt Ltd, which owns the mine health-tech app, stated on Tuesday it has raised Rs31 crore as assignment debt from Alterra Capital.

In April, the startup raised $17.2 million in series B funding from SBI Investment, SBI Ven Capital, Stellaris Venture Partners, and Prime Venture Partners. The AI-powered healthcare platform, which connects individuals to medical doctors online, plans to expand the clinic network to Delhi NCR, Kolkata, Mumbai, and Chennai in six months. Mine was based in February 2017, using Ashutosh Lawania (Myntra co-founder) and Prasad Kompalli, a former enterprise head at Myntra. The founders were later joined by Ajit Narayanan, ex-Myntra CTO, and Arjun Choudhary, ex-Myntra head of growth, advertising, and marketing. Including the present-day funding round, the startup has raised over $28 million and has three hundred personnel in Bengaluru & Hyderabad. The agency plans to bring together over 250 hospitals from 10 towns with more than 2500 doctors onto its digital health facility platform. Its goals are to triple its investments in AI, cellular engineering, and hardware integration, as stated by the employer in a press release. Mini follows a model of partnering with leading and trusted hospitals instead of aggregating personal medical doctors on its platform.

NEW DELHI: A day before the Union Budget is presented, Finance Minister Nirmala Sitharaman tabled the Economic Survey 2018-19, organized with the aid of Chief Economic Adviser Krishnamurthy Subramanian, in the Parliament. The Economic Survey initiates a discussion on the health of the Indian economy and describes the challenges. The Indian economy was at a 5-12 months low of 6.8% in 2018-19, and the fourth quarter growth has slumped to 5. Eight percent, that’s a 17-zone low. Live Updates of Economic Survey 2018-19: 2:20 pm: We can stick to the fiscal course laid out; if private funding has to grow, it cannot be crowded out by using public investment: CEA Subramanian.

2:12 pm: The Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), Bibek Debroy, welcomed the Economic Survey’s emphasis on economic consolidation and the economic field and investments, especially private investments, as the driving force. 2:12 pm: Let non-public funding grow; this may make companies more extraordinarily productive, bringing jobs and growing exports, making firms able to compete in worldwide markets; this will boost demand and investment: CEA. 2: eleven pm: Prime Minister Narendra Modi said the Economic Survey 2019 outlines a vision to gain a $five trillion economy. “It additionally depicts the profits from advancement within the social quarter, adoption of technology, and electricity security,” PM Modi tweeted. 2:06 pm: NITI Aayog vice-chairman Rajiv Kumar stated the Economic Survey reflects the government’s remedy to maintain monetary stability while pushing up GDP growth rates by using measures to accelerate private funding. He noted the document offers a complete and clear picture of economic traits & challenges ahead.