Healthcare startup medECUBE raises $4 Million funding and other top startup news of the day

Round up of the major headlines that dominated the Startup sector, nationally and internationally.

Mar 04, 2016 12:03 IST India Infoline News Service

Start up
Gurgaon-based healthcare startup medECUBE has raised about $4 Mn(INR 25 Crore) in series A funding from Artiman Ventures. medECUBE is an ‘asset-less’ care coordination service venture by Dr. Dilpreet Brar. It currently operates out of its head office in Gurgaon and has a support office in Singapore. On the other hand Artiman Ventures is an early-stage Silicon Valley-based venture fund that invests in white space startups. (INC42), an online platform for sourcing consumables for businesses, has raised about Rs 6.7 crore ($1 million) in pre-Series A round from YourNest Angel fund and a consortium of investors. The platform, which has been live for 16 months, currently works with Ashok Leyland, Wipro and other stores in Chennai and will utilise the capital for expansion to other cities. (ET)

Bangalore-based parenting-focused social network, Tinystep, has raised an undisclosed amount of funding from Silicon Valley entrepreneur and investor Matt Glickman. Glickman will be stepping in as an advisory board member. He is the founder of BabyCenter, a portal that reaches more than 45 Mn parents a month from every corner of the globe. The startup provides a free and comprehensive platform to connect parents with doctors, child service providers, and other parents globally. (INC42)

Hyperlocal discover and buying platform for electronics Zopper has acquired point of sale (PoS) software company EasyPoS in a mixed cash and equity deal, valuing the company at Rs 33 crore ($5 million). The move is directed at raising additional revenues through the PoS solution and increasing stickiness in the network of small and medium businesses. Bundled PoS solutions provide an easy entry to reach out to small and medium enterprises. (ET)

In sync with 'Startup India' initiative, Uber, the app-based taxi-hailing service provider, on Thursday said it would mentor and help 10 start-ups with funding under 'UberExchange' programme. As many as 750 start-ups are participating in the programme. The company will host six leadership talks by senior executives, including from their headquarters in San Francisco. The programme addresses issues like fund-raising, product design and scaling up. (BS)

The Women's Fund of Greater Birmingham has awarded a total of $50,000 to two programs as part of its Collaboration Institute.The Collaboration Institute brings together agencies that work with women and children to remove obstacles to success and provide services. The field started out in June 2015 with six teams representing nearly 20 organizations before being narrowed down to the two winners : Project Vision and SMILE. (BIZJ)

Phenom People, a talent relationship marketing startup based in Philadelphia, raised an additional $2.7 million in Series A funding, bringing total funding for the round to $7.6 million. Sigma Prime Ventures joined the round. In conjunction with the investment, John Simon, Sigma Prime managing director, will join the Phenom People’s group of senior advisors. (TPHN)

Ola, India's largest cab aggregator is testing a service to providebike taxis in Bengaluru close on the heels of its main rival Uber, which launched a similar service in the city on Thursday. The service, the latest from the Ola stable following the launch of a shuttle-bus as well as an auto-rickshaw hailing service, is aimed at helping the SoftBank-backed company consolidate its lead in the app-based urban transport market. (ET)

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