Mumbai Angels Network has invested in Sunfox Technologies, a Med-Tech R&D lab

 

View this email in your browser Mumbai Angels Network has invested in Sunfox Technologies, a Med-Tech R&D lab 02, December, 2021: Mumbai Angels Network, a premium platform for early-stage investments, along with Villgro USA and other investors, has invested in Sunfox Technologies, a Med-Tech R&D lab focused on developing portable, affordable, and minimalist medical devices for cardiac health. While the funding amount remains undisclosed, Sunfox Technologies will utilise the funds to expand the business PAN India, enhancing reach to last-mile users, and in scaling operations and their team. Building the most innovative Med-tech devices with a vision to impact the lives of a billion last-mile users, Sunfox Technologies is a burgeoning frugal and lean hardware technologies company to bring high-end technologies to the common man with ease. The company’s flagship product is Spandan, the smallest, smartest, lightest, and most economical AI-powered ECG machine. It is a matchbox size cardiac monitoring equipment that can monitor ECG with clinical-grade accuracy, detects 40+ abnormalities with edge-based AI algorithms, needs no expertise, and can be used as a point of care device anytime, anywhere. Sunfox Technologies aims to bring reliable technologies related to Biomedical Instrumentation, IoT, and other engineering domains. Nandini Mansinghka, Co-Founder & CEO - Mumbai Angels Network, said “The pandemic has underscored the need for cutting-edge, cost-effective med-tech devices. Startups from tier-II and tier-III cities are now building high-tech solutions to solve crucial problems. Sunfox Technologies has been extremely capital efficient while making robust devices for cardiac health. It’s just the beginning of their journey, and we believe that the current round will enable them to scale their business and achieve their vision.” Rajat Jain, Founder of Sunfox Technologies, said, “At Sunfox Technologies, we have made it our mission to build cost-effective and state-of-the-art medical devices that can help patients avoid life-threatening situations and to make these devices more accessible. It is encouraging for early-stage startups to see marquee investors backing companies such as Sunfox Technologies from tier-II and tier-III cities. We are thrilled to have them be a part of our growth journey. We envision impacting grass-root users and saving over 100,000 lives from preventable heart attacks and by early diagnosis in the next few months in a pocket-friendly manner. The latest funding will help Sunfox to scale up PAN India, strengthen up the team, and foster deeper penetration till the last mile.” Nikhil Mendhi, Lead Investor for Sunfox Technologies. said  "Demand for affordable and accessible care is growing exponentially.  Cardiac arrests are one of the leading cause of deaths across the word and large percentage of these can be avoided by early-stage intervention.  As the lead investor in Sunfox Technologies's Spandan, an AI-powered ECG machine, I see an unparalleled affordable clinical-grade solution designed to transform cardiac care through early intervention and deliver better health outcomes." About Mumbai Angels: Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing.  Mumbai Angels today has a 190+ strong portfolio across sectors and cities across India. Of the overall portfolio the platform has exited/ secured the next round of funding for 100+ of them. Today the platform has 650+ investors spread across 40+ Indian & Global cities.

Jade Forest Raises 1 million USD Funding in a round led by Mumbai Angels Network

 

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Jade Forest Raises 1 million USD Funding in a round led by Mumbai Angels Network

Launched by serial entrepreneurs Shuchir Suri and Punweet Singh, the brand is all set for further expansion and new launches New Delhi, November 2021: Jade Forest, one of India’s finest non-alcoholic beverage brands, has raised a funding of 1 million USD in a round led by Mumbai Angels Network, a premium platform for early-stage investments along with other investors. The funds will be utilized towards further geographical expansion and launch into the Ready-to-drink beverage segment.   Launched in August 2019 by 2 experienced entrepreneurs in the F&B industry - Shuchir Suri and Punweet Singh, the company has quickly risen to become a front-runner in the beverage space. Currently growing at 15-20% MoM, the brand is redefining how beverages are consumed. By successfully creating a range of great-tasting drinks that are low in calories and sugar without the use of any artificial ingredients, the brand was able to reach a larger audience, especially through the pandemic, which witnessed a sudden positive shift towards homegrown consumption of beverages. Consumers became a lot more aware of the ingredients that were listed on the backs of product labels and the need for “better-you-drinks” was what propelled overall sales. The products are currently priced between Rs. 80 & Rs. 85 for a 250ml glass bottle and are now available in all major metros in the country, taking consolidated presence to over 23 cities pan India. The company has previously raised a Seed round of USD 250K in November 2020 and has exceeded all target and milestone expectations since then.  An omnichannel sales approach; they sell through a number of offline retail channel partners and last-mile delivery platforms as well as through their own e-commerce website and Amazon. The brand has achieved strong organic growth and sales through a combination of an attractive product design and clear communication, along with a heavy emphasis on the correct product placement at all points of sales. Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels Network further added, “Today, the younger generation is constantly on the lookout for beverages that are low on sugar and carbs and yet please their taste buds. Jade Forest has managed to capture the attention of thousands of Millennials and Genz consumers and has established its presence in 23 cities in 2 years. This funding is a testament to the brand’s remarkable growth and progress. We believe that the fresh capital will allow them to achieve their goals, and further scale the business.” Co-founder, Punweet Singh had this to say, “Apart from this, we have invested and continue to grow our digital marketing efforts and hope to reach a larger consumer base. We use a combination of digital performance ads, social media content and brand collaborations and tie-ups.” The brand plans to expand their portfolio of drinks into different verticals as well as venture into the export market in the coming years.    “Post COVID the Indian consumer has not only become more health conscious but prefers homegrown products that are transparent with their ingredients and supply chain. We believe the market is massive and ripe for disruption and with Jade Forest we plan to capture the market with regular innovative launches.” Shuchir Suri, Co-Founder Jade Forest. About Jade Forest Jade Forest is a premium non-alcoholic beverage brand that has successfully created a range of great-tasting drinks by mixing botanicals that preserve their most authentic and raw form. Thoughtfully selected spices, fruit & herbs are used to impart flavor and purity in effervescent drinks that leave a sweet trail with each sip. Jade Forest does all this while making sure each product contains no artificial sweeteners, flavors, or colorings and is naturally low in calories and sugar. The brand has 5 products in their portfolio currently that are available in over 23 cities in retail pan India. Online Availability: https://www.jadeforest.in/

Mumbai Angels Network invests in Ezyschooling, a revolutionary platform for parents and schools

 

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Mumbai Angels Network invests in Ezyschooling, a revolutionary platform for parents and schools Front-running investors including Meteor Ventures, India Accelerator, and Diligent Consulting also participated in the round 24, November, 2021: Mumbai Angels Network, Meteor Ventures, India Accelerator, Diligent Consulting, and Mohit Agrawal (NRI investor), have invested in Ezyschooling, an online, tech-enabled admission consulting platform for parents and schools. Ezyschooling will utilize the undisclosed amount towards expanding its network of parents and schools while creating new products and services to accommodate their requirements. The platform’s objectives are designed to make the lives of admission-seeking parents and schools looking to boost the number of applications easier by offering flexibility through tech-enabled solutions. “When it comes to school admissions, both parents and schools are often highly stressed, and the admission process turns out to be chaotic. Ezyschooling has dedicatedly been working towards making this more convenient through its sound tech infrastructure. This funding is a testament to their remarkable growth and innovative, tech-enabled solutions in bringing flexibility and ease to the admissions process. We are confident that the latest funding will allow them to scale the business further and augment their product offerings,” added Nandini Mansinghka, Co-Founder & CEO - Mumbai Angels Network. “School admissions have always caused parents a great deal of anxiety and sleepless nights which makes platforms like Ezyschooling all the more necessary in the market. Ezyschooling is a great example of using technology to find new solutions to deal with the age-old problems that people face. As an investor, it is all the more exciting for me to be a part of Ezyschooling's onward journey, as they use the funds raised in this round to further enhance their vision of becoming India's foremost admissions platform,” said Angad Singh Bilochpura, CEO & Promoter of Estrela Inc Group, EG Ventures and Deal Lead for Ezyschooling. Commenced with a vision of creating a world for admission-seeking parents void of any uncertainties or reservations, Ezyschooling was founded in 2017 by Mayank Jain. Setting a stage for the onset of a revolution in the admissions space, the startup has been able to establish a self-sustaining network of parents and schools. Strongly advocating for parenting guidance, the platform offers the same through expert articles news updates, and discussion forums. So far, Ezyschooling has collaborated with 350+ schools and assisted 50,000+ parents in admissions in 5 major cities - Delhi, NCR, Pune, Bangalore, Mumbai, and Kolkata. The company has already strategized to expand its operations to more cities in the near future.   Mayank Jain and Krishna Kant Pandey, the co-founder and partnerships head who joined Ezyschooling in 2020, have contrived products like the Common Application form, which can be used to apply to multiple schools. The portal assists schools in completely digitalisation of their admission process by providing a personalised dashboard to each and every school to handle the complete admission process end to end. Moving further beyond their expertise in providing parental guidance, Ezyschooling has changed the fast-forwarded admission process by allowing parents to move through with their applications in a matter of just 15-30 mins instead of 15-20 days that they used to spend earlier. About Mumbai Angels Network Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 180+ strong portfolio across sectors and cities across India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 70+ of them. Today the platform has 550+ investors spread across 40+ cities within and outside India.

MA Network & FreeFlow Ventures Collaborate I The Co-investment Program

 

Mumbai Angels Network collaborates with FreeFlow Ventures  as a part of The Co-investment Program

This is the second association for Mumbai Angels Network, where the two investment platforms will collaborate to back select high potential startups

19, November, 2021: Post a successful collaboration for its first joint investment as a part of its co-investment program, Mumbai Angels Network, a premium platform for early-stage venture investments, has partnered with FreeFlow Ventures, a startup incubator and accelerator, and a government-affiliated organization. The two investment networks will co-invest in select startups that display a high growth potential. Startups chosen for the co-investment program will receive a myriad of benefits, including being a part of Mumbai Angels Network’s outreach for next-level investment conversations with eminent VCs, Strategics, and Family Offices. Additionally, the startups will be included in Mumbai Angels Network’s Multiplier Program, a new, exclusive marketplace for its portfolio companies. The co-investment program will also offer startups the chance to raise their next round of funding from Mumbai Angels Network, depending on their performance and capital efficiency.

Commenting on this, Nandini Mansinghka, Co-Founder & CEO - Mumbai Angels Network, said, “Our co-investment program was launched with the aim of identifying and nurturing emerging, high-potential startups along with other investment networks/VCs by providing the required financial backing and mentoring. We are pleased to announce that we have partnered with FreeFlow Ventures to further expand our reach and co-invest in promising startups. This partnership will offer an unrestricted pass to startups for co-investment deals from both Mumbai Angels Network and FreeFlow Ventures, allowing them to scale their business and reach greater heights.”

“It is a collaborative world today, and true power comes from various people and organizations coming together with individual strengths. We are delighted to collaborate with Mumbai Angels Network for the co-investment program. Their vast network of 600+ investors and a highly curated portfolio, combined with our 300+ startups and 16 ventures, is a win-win situation and an excellent opportunity in the startup space. This partnership provides the perfect medium to not just close deals together but to make them more efficient, which is crucial for startups and their founders,” added Suraj Juneja, Founder of FreeFlow Ventures.

FreeFlow Ventures aims to allow all startups and investors in the ecosystem to come together and create mutually beneficial deals. A nationally accredited partner of Invest India, FreeFlow Ventures has also been one of the primary partners and facilitators at the Startup India Yatra in 21 states, with over 60,000 business ideas during the 2019 government initiative.

About Mumbai Angels:   Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 180+ strong portfolio across sectors and cities across India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 70 of them. Today the platform has 550+ investors spread across 40+ cities within and outside India.

Mumbai Angels Network, We Founder Circle, Appyhigh, Lets Venture invest USD 150,000 in hyperlocal content platform, Knocksense

 

Mumbai Angels Network, We Founder Circle, Appyhigh, Lets Venture invest USD 150,000 in hyperlocal content platform, Knocksense

The funds will go towards upgradation of flagship product KnockOFF and expanding footprint

16, November, 2021: Mumbai Angels Network, a premium early-stagestartup investment platform, along with We Founder Circle, Appyhigh and Lets Venture, invests USD 150,000 in hyperlocal content platform Knocksense’s bridge round.   Knocksense recently launched its flagship product, KnockOFF, which connects local brands and freelancers with consumers, creating a content-driven community that enables transactions at the city level. Knocksense will utilize the fresh capital to upgrade KnockOFF and expand its footprint in new cities before proceeding to its Pre-Series A funding round in Q1 of 2022.

“Today, content consumption has skyrocketed, and people are constantly on the lookout for new, engaging content. Given the volume of content produced, social media and mainstream media platforms are bound to miss out on highly engaging, appealing content. That’s where Knocksense comes in. The platform’s expertise in bringing uncovered content to the masses has enabled it to achieve rapid growth. We are confident that the latest funding will further enable them to scale and reach greater heights.” added Nandini Mansinghka, Co-Founder & CEO - Mumbai Angels Network.

Vibhore Mayank, Founder of Knocksense, said, “Knocksense Media Services Pvt. Ltd. was launched with the aim of bringing visually-appealing and informative content that usually goes uncovered by the mainstream media houses and even social media platforms. With the launch of our flagship product, KnockOFF, in August, we have witnessed remarkable growth in all aspects; the transactions, reach, revenue, GMV, and subscription rate have risen by 100% month-on-month. We are delighted to be backed by marquee investors, and this capital will allow us to launch our full product in new geographies before we look at the next round of fundraising in early 2022.”

Founded in November 2016, Knocksense Media Services Pvt. Ltd. is a hyperlocal news and recommendations platform producing non-divisive content currently present in six cities, including Lucknow, Delhi, Noida, Indore, Jaipur, and Mumbai.  On average, the platform generates 10-20 million organic impressions per month – numbers that have soared since the launch of its flagship product, KnockOFF. Founded by Vibhore Mayank and Varul Mayank, Knocksense raised a funding of USD 200,000 earlier this year.

About Mumbai Angels:   Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 187+ strong portfolio across sectors and cities across India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 70 of them. Today the platform has 550+ investors spread across 40+ cities within and outside India.

Mumbai Angels Network has participated in a USD 2.6 million funding round in ed-tech platform beGalileo, along with Navneet Tech Ventures and other investors

 

View this email in your browser Mumbai Angels Network has participated in a USD 2.6 million funding round in ed-tech platform beGalileo, along with Navneet Tech Ventures and other investors The ed-tech platform now plans to reach newer markets and deepen its presence in a few existing markets to take its paid user base to over 250,000 with the latest capital infusion 15th, November, 2021: Mumbai Angels Network, a premium platform for early-stage venture investments, has participated in a fundraising round for beGalileo, along with Navneet and other investors. beGalileo has raised USD 2.6 million and will utilize the freshly infused capital to increase its paid user base while continuing its differentiating spree adding technology & learning to its repertoire. Speaking on the funding, Nandini Mansinghka, Co-Founder & CEO - Mumbai Angels Network, said, “Ed-tech is one of the sectors that has witnessed tremendous growth in recent years and India’s ed-tech sector is already one of the largest in the world. At such a juncture, it’s imperative to have platforms that use innovative solutions not just to impart knowledge but ensure that today’s youth are shaped into highly skilled professionals tomorrow. beGalileo is doing precisely that by enabling students to develop conceptual understanding, application, and above all, thinking and reasoning skills. We are confident that beGalileo has immense potential to grow and scale further to make an impact in the lives of more students in the country.” Focused on providing a 360-degree coverage for building foundational cognitive capability & problem-solving skills using Math, Logic & Code as levers- thereby ensuring academic excellence as a certain byproduct. beGalileo endeavors to ensure students gain a deeper understanding of what it means to think mathematically and use math to navigate their everyday lives. Vivek Shaurya, Co-founder, beGalileo summed up their plan “We bring a multi-channel, multidisciplinary approach at scale by leveraging cutting-edge technologies such as AI and IoT with top-notch, curated content. We are of the view that the contemporary learning needs of children are still under-served vis-à-vis evolving constraints & challenges in the new world, which also brings immense potential via digital tools & techniques. Our vision is around this space, where we see huge scope for cohesive & comprehensive offerings.” “Early learning is as much about the outcome, as it’s about foundational, cognitive capability building and this needs a much more holistic, ecosystem approach to learning than just transposing traditional teaching into digital”. With Navneet’s backing us in our journey as we enter our growth phase, we look forward to accelerating our work and shaping students into future-ready professionals & leaders,” added Avneet Makkar, co-Founder of beGalileo.  Ketan Gala, President, Navneet Tech Ventures, commented on the development “While being the largest Listed entity with pan-India presence, we have been building stakes into new offerings & next-gen capabilities. beGalileo, the product offering, roadmap & the founding team's vision has shown great results with very high CSAT & renewals and has greater scale potential not just in India but across many markets globally. Navneet's reach, experience & capabilities in content, digital & traditional, with its established eco-system of ED players across the globe are expected to fuel beGalileo’s journey to a uniquely positioned global product ." About Mumbai Angels:   Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 170+ strong portfolio across sectors and cities across India. Of the overall portfolio the platform has exited/ secured the next round of funding for 70 of them. Today the platform has 550+ investors spread across 40+ cities within and outside India.

Dhruva Space, our portfolio company raises INR 22 Cr to meet the future of space-tech innovation in India

 

Mumbai Angels Network, Indian Angel Network, Blue Ashva, and other marquee investors invest INR 22 Cr in Dhruva Space, a Space Technology startup

Having recently received orders from the DRDO, Dhruva Space is currently serving markets in India, Europe & South America. The funds will be utilized for executing orders at hand, expanding to other geographies & in-orbit demonstrations.

29, October, 2021: Mumbai Angels Network, a premium startup investment platform for early-stage venture investments, along with Indian Angel Network (IAN), Blue Ashva, and other marquee investors, have invested in Dhruva Space, a National Award-winning Space Technology startup that builds Full-stack Space Engineering Solutions and application-agnostic Small satellite platforms. The total value of the funding round amounts to INR 22 Cr.

Dhruva Space will be utilizing the funds to expand on its current portfolio of products on the Space, Launch & Ground segment. The P-Dot platform of Dhruva Space has already gained a significant amount of traction considering the ability to provide IoT/M2M solutions in a very small form factor. The DSOD (Dhruva Space Orbital Deployers) can support dedicated launches for CubeSats ranging from 1U to 16U size satellites placing them in a unique position to offer satellites coupled with launch as a solution. Dr. Aman Puri, Consul General of India to UAE had inaugurated the ISOCS (Integrated Space Operations & Command Suite) of Dhruva Space during Expo 2020 in Dubai. The software platform developed by Dhruva Space offers its customers to receive, command & operate satellites anywhere in the world using a distributed network of ground stations.

“Space Technology is perhaps one of the most exciting, innovative, and fastest-growing sectors in the world. Dhruva Space is building robust solutions that will further drive the growth of India’s Space-tech industry. The platform is extremely capital-efficient, and we believe that this funding will enable them to scale and develop full-stack solutions both as integrated services as well as individual technology solutions that can be utilized for space-related applications on Earth and beyond. We believe that this is merely the beginning of Dhruva Space’s journey, and they will reach greater heights soon,” added Nandini Mansinghka, Co-Founder& CEO - Mumbai Angels Network.

Sanjay Nekkanti, CEO of Dhruva Space, said, “At Dhruva Space, our primary vision is to offer satellites coupled with launch & mission operations services as an integrated, all-encompassing solution to power space-based applications. Although Space-tech is still at a nascent stage in the private sector, it has been growing steadily, and as Dhruva Space we have made remarkable progress with our innovative solutions in a short period. We are thrilled to have multiple eminent investors backing us in our journey. With this funding, we will be augmenting our full-stack offerings further and go a step closer to achieving our vision.”

Based out of Hyderabad, India, and Graz, Austria, Dhruva Space builds satellite platforms, launch solutions and ground stations. The company’s founding team comprises seasoned business and technology professionals who possess extensive experience, having worked with prominent organizations such as Exseed Space, amg AG, Cisco, and KPMG. A finalist in the Qualcomm Design in India challenge, Dhruva Space has recently received orders from the DRDO (Defence Research and Development Organization) and is currently collaborating with several National &International companies. Furthermore, Dhruva Space is also participating in the ongoing Dubai Expo 2020 & the International Astronautical Congress 2021, Dubai.

About Mumbai Angels: Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 170+ strong portfolio across sectors and cities across India. Of the overall portfolio the platform has exited/ secured the next round of funding for 70 of them. Today the platform has 550+ investors spread across 40+ cities within and outside India.