Triple Win: Startups Score $70M Funding Windfall Today

April 18, 2024: In an flurry of startup investment activity, Altum Credo, Uniqus Consultech, and Inviga Healthcare Fund have each clinched significant funding rounds, signaling a surge of confidence in their respective ventures. Combined these startups garnered $70 Million of investments that will boost their next phase of growth.

Altum Credo, a leading player in affordable housing finance, has emerged as a frontrunner, raising a staggering $40 million in funding. This injection of capital, led by British International Investment, along with support from returning investors Aavishkaar Capital, Amicus Capital, and PS Pai and family, underscores investor confidence in the company’s mission to revolutionize housing finance accessibility in India.

“This Series C fundraise is a critical milestone for the next phase of sustainable growth and will strengthen our balance sheet enabling effective leverage and sound ALM,” said Vikrant Bhagwat, MD and CEO of Altum Credo. The company plans to utilize the funds to expand its distribution network and operational footprint, building on its previous successes and furthering its commitment to driving economic growth through affordable housing.

Meanwhile, Uniqus Consultech, specializing in ESG consulting and reporting, has secured a substantial $10 million in a Series B funding round. Nexus Ventures led the round, with participation from Sorin Investments, highlighting investor enthusiasm for the company’s innovative approach to environmental, social, and governance consulting.

“In just over a year since its inception, Uniqus has expanded to eight cities globally, boasting a team of over 350 professionals and serving more than 150 clients,” remarked Jamil Khatri, Co-Founder & CEO of Uniqus. The company’s recent launch of an AI Assistant for financial reporting and ESG, coupled with a tech platform for ESG data management, positions it at the forefront of the rapidly evolving ESG landscape.

The funding will enable Uniqus to further expand its solutions portfolio, explore new markets, and accelerate its growth plans, building on its strong foundation of consulting expertise and technological innovation.

In a move set to transform India’s healthcare landscape, Inviga Healthcare Fund has announced a $20 million raise as its first close. Founded by industry stalwarts Dr. B S Ajaikumar and Ajay Garg, the Bengaluru-based fund aims to support healthcare and pharmaceutical enterprises across the value chain, with a focus on delivering high-quality, egalitarian healthcare to all segments of society.

“In my over 35 years as a doctor-entrepreneur in India, I have witnessed first-hand both the strengths and weaknesses of our healthcare system,” remarked Dr. Ajaikumar. The fund represents his vision to empower healthcare entrepreneurs as primary drivers of change, positioning them at the forefront of India’s healthcare revolution.

As these dynamic startups embark on their next phase of growth and innovation, fueled by newfound investment backing, they are poised to make significant strides in their respective industries, driving economic growth, and delivering positive societal impact.”

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