Several Indian startups have raised funds from January 2 to January 5 across various categories, including edutainment, health and wellness, etc. We will highlight six of these investments, including how the startups plan to utilize the funds.

Prabhu Bhakti | Devotional E-commerce 

PrabhuBhakti, a direct-to-consumer devotion and style brand, has secured an undisclosed amount in a seed funding round led by Prajay Advisors. 

As per the startup, the freshly raised funds will enable it to expand its product range and reach new markets.

Founded by Samast Ahlawat and Raju Kumar in 2021, PrabhuBhakti aims to create an online devotional community of like-minded people with an e-commerce platform. The D2C consumer brand focuses on three key categories in the spirituality and devotion space – apparel, silver jewelry, and puja items. 

Claiming to have recorded 100% growth on a quarter-on-quarter (Q-o-Q) basis, PrabhuBhakti aims to grow 10x by expanding its user base as well as its product offerings.

Total Emergency Network (TEN) | Healthcare-focussed Logistics Platform 

Total Emergency Network, a healthcare-focused logistics platform, bagged Rs 2 crore in a seed funding round from Biorx Venture Advisors and undisclosed high-net-worth individuals (HNIs).

For this transaction, Biorx also acted as the strategic and financial adviser, along with investing in the startup through its angel platform, Indian Healthcare Angels (IHA).

Founded by Kishore Manepalli, G Someswara Rao, and Shaik Mehtab Alam, Total Emergency Network is a Hyderabad-based tech-enabled medical logistics & health care services platform that provides ambulance and professionally trained medical personnel such as doctors and paramedics within 15 minutes across India.

Total Emergency Network uses GPS-enabled ambulances and paramedic staff to identify the nearest ambulance for the patients who require the services.

Maidaan | Social Edutainment Platform

Maidaan, a peer-to-peer edutainment platform, secured an undisclosed amount in a pre-seed funding round co-led by early-stage investors Inflection Point Ventures (IPV) and EvolveX, where We Founder Circle also participated.

As per the startup, the freshly raised funds will be utilized for product development along with developing its content, games, and tournament formats. 

Founded by Judhajit Bal and Shashank Awasthi in 2022, Maidaan is a social edutainment platform hosting live, bite-sized olympiads and tournaments for school children. The social edutainment platform claims to have worked with around 100 schools across 25 cities in India.

Hyugalife | Health and Wellness-focused E-commerce Platform 

Hyugalife, an e-commerce platform, bagged $1 million (Rs 8.3 crore) in a mix of equity and debt investments from existing as well as new investors.

Existing investors like Dhaval Parikh of Prasol Chemicals and new investors, including Stride Ventures and GetVantage, participated in the funding round. 

As per the startup, the freshly raised funds will be used for product development and improving the technological stack.

Founded by Sachin Parikh, HyugaLife is a health and wellness-focused e-commerce platform with over 300+ brands and 9000+ authentic products curated by renowned experts in categories such as sports nutrition, health supplements, women’s wellness, hair skin, nails, etc.

Nawgati | Fuel Aggregator

Nawgati, a Noida-based fuel aggregator startup, secured $144,075 (Rs 1 crore) in investments from natural gas refining public sector undertaking (PSU) GAIL (India) Ltd. 

As per the startup, the freshly raised funds will be used to improve its technology and geographical expansion. The funds will also enable the startup to fuel pump station onboarding over the next quarter. 

Founded by Aalaap Nair, Vaibhav Kaushik, and Aryan Sisodia, Nawgati offers a retail operations platform, Aaveg, to fuel stations and a fuel discovery app, the Nawgati Fueling App, to end-consumers.

The retail operations platform aims to save time, reduce congestion, and improve overall operational efficiency for both fuel providers and consumers. Earlier in October, Nawgati raised an undisclosed amount in its seed round from All In Capital. 

Settl | Co-living Space Provider

Samasth Living Pvt Ltd, which operates the co-living space provider Settl, bagged $1.2 million (Rs 10 crore) in a pre-Series A funding round from several investors.

These investors include proptech investment firm Gruhas, Inflection Point Ventures, Soonicorn Ventures, Awficacy Capital, Anthill Ventures, Nila Spaces Limited, Pai Ventures LLP and Ekyum. The funding round also saw participation from existing investors- Ah! Ventures and We Founder Circle.

As per the startup, the freshly raised funds will be used for working capital, team expansion, and development of its technology stack. 

Founded by Abhishek Tripathi, Bharath Bhaskar, and Ashok Reddy in 2020, Settl offers co-living spaces, paying guest (PG) accommodations, and apartments for rent in Bengaluru, Hyderabad, Gurugram, and Chenna. The startup claims to operate around 60 co-living centres across these four cities with a total capacity of 4,000 beds. 

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