Docturnal Raises funding from Mumbai Angels Network

Mumbai, September 25, 2018: Docturnal,a company focused on non-invasive screening solutions for Tuberculosis, raises  funding from Mumbai Angels Network(MA Network), India’s leading early stage investment platform. The Hyderabad based startup was founded in 2016, by Rahul Pathri, Balakrishna Bagadi, Arpita Singh & Vaishnavi Reddy. Docturnal screens & detects Tuberculosis using their flagship product "TimBre" using aural/acoustic inputs (cough), clinical and demographic variables. The solution uses a third party Microphone Array & is extensible to screen other Lung based ailments such as Asthma, COPD & others that have cough as a symptomatic condition. “ On the fundraise, Rahul Pathri, Founder of Docturnal said "We are excited to partner with MA Network in our journey for building a solution that is looking to revolutionize how Tuberculosis is screened and detected in the country. With the funding we looking to build the team, technology and deploy the product for clinical trials across several hospitals in the country.” 11 Investors from the MA Network are investing in the company including Akshay Mittal, Abhijeet Birewar and Shantanu Agarwal. "Non-invasive, real-time, and cost-effective diagnostic solutions will do a great deal to improve the health of our population, specially for widespread diseases with expensive solutions, leading to the risk of going undiagnosed. The first step is most important, of providing screening access to health providers. Docturnal has built a great and innovative product and we are very happy to join Rahul in this journey. We hope to help build a cutting-edge, artificial intelligence, machine learning based, medical diagnostic company that helps both patients and health-providers across the world." said Akshay Mittal, Deal Lead, MA Network. "We are excited to welcome Docturnal to our portfolio. The medtech and healthtech startup scene is buzzing and we are looking forward to investing in other innovations within the sector.We see increased interest from the next level investors, both VC Funds and the next level strategic players in companies innovating in the medical and healthcare space using technology." said MA Network CEO Nandini Mansinghka.

Mumbai Angels Network Launches Angel Miniversity

Newsbytes, a Mumbai Angels Network Portfolio Company Raises Pre-Series A

Mumbai, September 20, 2018: NewsBytes, a news portal that cuts through the clutter and shares information as it is meant to be consumed, raises Pre-Series A funding fromMumbai Angels Network (MA Network), India’s leading early-stage investment platform, alongside MM Inno GmbH (Germany), Powerhouse Ventures (USA) and other investors. The Delhi based start-up was founded by Shikha Chaudhry, an alumni from Cornell University, Sumedh Chaudhry of IIM Ahmedabad and IIT Roorkee, and Romesh Khaddarof IIT Guwahati, to share stories in a precise way reducing information overload from everyday news. The portal generates content using Artificial Intelligence, from their proprietary AI engine called Yantra, and Machine Learning algorithms through a ‘Question-Answer’ system. They also recently launched a Natural Language Generation based engine, which has the capability to convert raw numerical data into text-based articles. The company has an engineering-centric approach towards content creation, with a team comprising of engineers, designers, content writers and marketing specialists. Newsbytes, incubated by GSF Accelerator, raised a previous angel investment round from the MA Network with key investors Mridul Upreti and Anuj Munot. On the fund raise, Sumedh Chaudhry, Co-founder, NewsBytes, said “We are excited to be partnering with MA Network again.  NewsBytes will be using the funding to expand its technology team, support its growing footprint, establish Hindi and other vernacular desks, as well as general operational expenses.” “We are thrilled one of our portfolio companies has raised another round and that we able to continue supporting them. Digital technology has dramatically changed the way we consume, and create news and information.  Tech innovations are having an impact on our evolving news habits.  It’ll be very interesting to receive a personalized news feed of articles, videos, and other content based on Newsbytes Artificial Intelligence and Machine Learning system.  As a nation we generate and consume news across different regional languages which will be further customized through their platform.” said The MA Network CEO & MD, Nandini Mansinghka.

About Mumbai Angels Network Started in 2006, Mumbai Angels Network (The MA Network) is India’s premier investment platform focused on investments in new ventures. The MA Network is today 300+ members strong across 6 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 800-1000 companies we review every month. The network now has a 120+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing.

Frubites raises funding from Mumbai Angels Network

Mumbai, September 12, 2018: Frubites, Rev Snack Pvt. Ltd., a real fruit snacks brand, raises  funding from Mumbai Angels Network (MA Network), India’s leading early stage investment platform, alongside external investors. Frubites will use the funding to build the brand, expand distribution, and widen their product offering across vegetables, nuts, and more fruits. The Pune based startup was founded by Bharat Kulkarni & Rohit Kulkarni , who are aspiring to revolutionize modern day snacking by offering new age, healthy, tasty and nutritious snacks. The ready-to-eat snacks is produced using advanced freeze-drying technology retaining the flavor and nutrients of the original fruits without the fuss.  Frubites has no preservatives or additives; only 100% real fruit. On the fund raise, Bharat Kulkarni, Co-Founder of Frubites said, “We are thrilled to be partnering with MA Network on this journey.  We see a huge opportunity in addressing the consumer looking for new age, heatlhy and nutritional snacks . We are looking to scale this model rapidly by being present across as many point of sales as we can target through modern trade and online channels.” The India consumer story is as big if not bigger than the technology product story.  Entrepreneurs are identifying and going after niche but highly scalable business opportunities for the new India.Frubites is addressing the snacking space for the mobile, time starved Indian millennial looking for healthy alternatives for their snack cravings. “We are excited to welcome Frubites to our portfolio.  Eating healthy is a global trend which is quickly picking up in India.  The food startup scene is buzzing and we are looking forward to investing in other brands within the sector.We also see increased interest from the next level investors, both VC Funds and the next level strategic players in investing in the India growth story,” said The MA Network CEO & MD, Nandini Mansinghka.

About Mumbai Angels Network Started in 2006, Mumbai Angels Network (The MA Network) is India’s premier investment platform focused on investments in new ventures. The MA Network is today 300+ members strong across 6 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 800-1000 companies we review every month. The network now has a 120+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing.

Mumbai Angels Network and Ford are looking for the next Innovate Startups - Apply Now!

August 7, 2018, Mumbai - Mumbai Angels Network (MA Network) is excited to partner with Axis Innovation and the Ford “Make it Driveable” Challenge at the DLD Innovation Festival in Tel Aviv, Israel on September 3^rd and 4^th, 2018.  In collaboration with Ford, we are inviting startups to create a mobility app, adapt an existing one, or create digital services which will change the way the world moves through the automotive industry.

MA Network supports active collaboration between corporates and innovative startups to create solutions for various industry segments.  “We believe this hackathon will provide opportunities for outstanding startups to integrate with the Ford manufacturing process which includes access to more than 7 million AppLink enabled vehicles worldwide.  Investors from MA Network will play eminent roles as jury and mentors alongside other global domain experts at the event.” said Nandini Mansinghka, CEO and Managing Director of MA Network. 

Startups participating during the event will have access to Ford’s development team and senior mentors, and will be able to present their ideas to target groups and customers. 

The hackathon will include prizes worth over $35,000, including cash and grants from the Fast Track Foundation.  Winners will be able to visit Ford offices in Detroit, Palo Alto, and London where they will have personal meetings with company executives.  They will also be invited to participate in the Mobile World Congress in Barcelona in 2019.

To get this unique opportunity to be Ford's next business partner, apply now on the Make It Driveable website.  The deadline for entries is August 25^th, 2018.

About Mumbai Angels Network

Started in 2006, Mumbai Angels Network (The MA Network) is India’s premier investment platform focused on investments in new ventures. The MA Network is today 300+ members strong across 6 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 800-1000 companies we review every month. The network now has a 120+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing.

Dainik Bhaskar Group and Mumbai Angels Network partner to invest in startups from New India

Ramesh Ji and Sharda Agarwal Foundation is launching India’s first start-up funding competition for startups from cities which are the growth engines of New India. The foundation is promoted by leading media group-Dainik Bhaskar. The initiative is powered by Mumbai Angels (The MA Network), India’s premier angel investing network.

The program will shortlist startups that can pitch for funding to more than 300+ members of The MA Network across the country. Dainik Bhaskar Group will also invest in each of these startups so that they can grow to their full potential and compete on an equal platform both in India and Internationally.

Startups who have either an offering or a product or a prototype ready and have commenced operations or beta testing can write into db.pitch@mumbaiangels.com

“Our primary purpose behind launching this program is to make sure that the start-ups from the growing cities in India get the same opportunity for growth and access to funding as startups in any other part of the country. As the largest media house in the country, we see it to be our responsibility to contribute to the growth of the startup ecosystem in India,” said Girish Agarwal from DB Group.

“We at The MA Network are continuously scouting for innovative startups and we are very excited to partner with DB group to identify the best startups from across India. The selected startups will be invited to pitch to 300+ members of our network across 6 cities,” said Nandini Mansinghka, CEO and MD, Mumbai Angels Network.

About Dainik Bhaskar Group
Dainik Bhaskar Group is India’s leading newspaper group. With 4 Languages and 66 Editions, the group has total readership of nearly 58 million across 12 states.  The group has a strong presence in Radio business. 94.3 MY FM, the Radio Brand of the Group, has presence in 30 cities across 7 states. The digital arm of the Group, DB Digital has 9 portals in four languages Hindi, Gujarati, English and Marathi. The Group also has its Mobile App in three languages- Hindi, Gujarati and English.  Besides, the Group has diversified interests in Power, Textile, Real Estate and Hospitality sectors.

About Mumbai Angels Network:
Started in 2006, Mumbai Angels Network (The MA Network) is India’s premier investment platform focused on investments in new ventures. The MA Network is today 300+ members strong across 6 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our memberbase, chosen from a funnel of 800-1000 companies we review every month. The network now has a 120+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing.

AllizHealth: Mumbai Angels Portfolio Company, acquired by Symple Wellness

AllizHealth – A Mumbai Angels Network Portfolio Company, is acquired by Singapore based Symple Wellness Mumbai, July 23, 2018:  Mumbai Angels Network, (MA Network), India’s leading early stage investment platform, is pleased to announce the acquisition of their portfolio company AllizHealth, by Singapore- based health tech firm, Symple Wellness Platform Pvt. Ltd. do we have their website link Allizhealth is a Pune-based wellness and health analytics platform. The preventive healthcare startup analyzes a repository of health records to predict a patient’s health risk.  The company was founded in 2013 by Rasmi Mishra, Gaurav Vij,Dhairya Gupta, and Chinmoy Mishra. Symple Wellness offers services in digital health records, health risk assessments, doctor consults, health check-ups, health coaches and condition management programs.  With this acquisition Symple Wellness will get access to superior technology capabilities and a highly qualified team to propel their growth. MA Network raised funding for Allizhealth in 2015.  The round was led by Deal Lead, Dr. Aniruddha Malpani, a healthcare domain expert and seasoned angel investor. Commenting on the acquisition, MA Network CEO & Managing Director Nandini Mansinghka said, The value of any investment is unlocked only when there is an exit for our investors. We are fortunate to have partnered in AllizHealth’s journey as the company built out a market validated healthcare analytics platform. We are actively building on our healthcare portfolio which we believe will continue to drive value for both entrepreneurs and investors. About Allizhealth AllizHealth is a technology venture in the preventive care space, building a consumer focused “wellness & health analytics platform” for early identification, tracking and management of health risks and conditions. The platform also enables users to store/access/share health information more efficiently, track various health risks and parameters, store digitized health documents and also connect with caregivers. About Mumbai Angels Network Started in 2006, Mumbai Angels Network (The MA Network) is India’s premier investment platform focused on investments in new ventures. The MA Network is today 300+ members strong across 6 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 800-1000 companies we review every month. The network now has a 120+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing