Vijay C Roy
Tribune press service
Chandigarh, November 24
Despite the pandemic and ecosystem constraints in the northern region, the flow of transactions drives the startup community. Over the past few months, they have not only been successful in attracting investors, but also successful buyouts.
The latest to join the fundraising movement is Grainpad (P) Ltd, based in Mohali, which has raised funds from the Solarus group for a valuation of 101.74 crore rupees. It was supported by the Punjab Government’s Startup Hub (Neuron).
The company has developed a ZINI artificial intelligence-based product that can be used in OPDs and hospital waiting rooms to redirect patients to the right specialty, saving doctors and patients time.
Dr Rohit Sharma, CEO and Managing Director of Grainpad, said: “We have been part of Neuron at STPI Mohali since 2018. The continued support and efforts of the entire Startup Punjab team have helped us to go this far. “
He said that the recent recognition and start-up grant of Rs 3 lakh by Startup Punjab has given their business a boost to further establish their validation in international markets.
Likewise, in August this year, Mohali-based AgNext Technologies raised $ 21 million in Series A funding. It was led by the Alpha Wave Incubation fund, backed by DisruptAD and managed by Falcon Edge. Existing investors Omnivore and Kalaari Capital also participated in Series A.
Last month, Mohali-based startup Finvasia announced its investment in Gini Health, a Canadian healthcare technology company.
Courting investors during a pandemic
- Mohali-based startup Grainpad (P) Ltd raised funds from Solarus group at a valuation of Rs 101.74 crore
- In August, AgNext Technologies, another Mohali-based startup, raised $ 21 million in Series A funding