Funding Alert
Health-tech startup Humors Tech raises $70k in pre-seed funding round
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ByStartupStory | October 8, 2022
Humors Tech has announced that they have received Rs 54 lakh ($70k), headed by We Founder Circle (WFC), an early-stage startup funding platform managed by a worldwide network of accomplished founders and strategic angels.
A group of graduates from the Indian Institute of Technology (IIIT) established Humors Tech to provide novel goods for the Home Healthcare market in 2021. The company’s mission is to develop cutting-edge, user-friendly healthcare solutions by integrating its knowledge of AI, Deep Tech, and the Internet of Things with data gleaned from clinical trials.
Without professional assistance, Humors enables a one-of-a-kind non-invasive breath technology that can accurately test for many health conditions, including diabetes, heart disease, kidney disease, liver disease, lung illness, and obesity.
The delayed detection of serious illnesses in India is mostly attributable to a lack of inexpensive diagnostics and accessible technology for regular medical examinations. In addition, owing to a lack of understanding about health and wellness, we only see the doctor when the illness begins exhibiting worrisome and intolerable symptoms. In addition, the increasing elderly population and dependence ratio in India is anticipated to increase demand for home healthcare. “Seeing Humors Tech’s capabilities to be a game changer in this sector, we have invested in the startup and we pledge to endorse its mission in all aspects,” said, Neeraj Tyagi, Co-founder, of We Founder Circle.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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