Three startups in different industries have raised fresh round of funding to expand their businesses in India and beyond. PropertyPistol.com, a proptech startup that offers advisory services to home buyers and real estate brokers, has secured Rs 45 crore ($6 million) in a funding round led by ICICI Bank and Baring Private Equity Partners. The Mumbai-based company plans to use the funds to expand its leadership team, develop new products, and strengthen core verticals.
Ashish Narain Agarwal, Founder and CEO of PropertyPistol.com, said, “This fundraise will help expand the company’s operations into newer geographies and yield significant business growth and value in the future.” Varun Batra, Partner at Baring Private Equity Partners India, added that PropertyPistol.com has built a highly credible and profitable business with prudent capital deployment. The investment will enable the next phase of growth with an increased focus on marketplace technology and distribution.
Meanwhile, Chennai-based Pando, a supply chain software platform, has raised $30 million in a Series B funding round led by Silicon Valley investors Iron Pillar and Uncorrelated Ventures. The startup plans to use the funds to drive its growth across geographies and industries. With a total of $45 million in funding, Pando aims to disrupt the logistics technology market by leveraging its talent in India and the US.
Finally, THB (Technology l Healthcare l Big Data Analytics), an Enterprise Healthcare SaaS company, has raised $20 million in a growth equity round led by Filter Capital and Edelweiss Discovery Fund Series-I. THB offers a suite of software solutions across 20+ use-cases, including patient engagement, clinical customer relationship management, and real-world evidence. The funds will be used to expand its operations globally and accelerate growth in existing markets across South Asia, Middle East, and South East Asia.
May 2023 1st week startup Funding Round Up
“Healthcare Big Data Technology presents an enormous opportunity for growth in this decade. THB aims to provide its customers with a comprehensive suite of data use-cases, enabling them to fully leverage their healthcare datasets and achieve tangible growth. We are excited about partnering with the new investors and leveraging their expertise in technology and enterprise SaaS to further expand THB into a truly global organisation,” said Akansh Khurana, MD & Group CEO of THB.
Mohanjit Jolly, Partner at Iron Pillar, said that Pando addresses the problem of disruption in the logistics technology market with its talent in India and the US, and a focus on building a large, long-term business. THB’s MD & Group CEO, Akansh Khurana, said that healthcare big data technology presents an enormous opportunity for growth, and THB aims to provide its customers with a comprehensive suite of data use-cases to achieve tangible growth.
The startups are poised to make significant strides in their respective industries with their expansion plans, which will benefit their customers and investors.