by Garima Garg
Sasta Sundar raises funding of USD 5 million from Rohto Pharmaceutical
Founded by: BL Mittal
Founded in: 2013
The Kolkata-based medical tech startup Sasta Sundar provides genuine medicine and various health products online. It also provides information about doctors, diagnostic services and clinics in local regions. It relies on an online-to-offline network for delivering healthcare and an inventory-less service at franchise centers called Healthbuddy. As of now, the company claims to have almost 180 Healthbuddy stores in the West Bengal region, serving almost 450,000 registered customers.
As per the latest report, the company has now raised USD 5 million from Japan’s Rohto Pharmaceutical. According to a trends report prepared by the India Brand Equity Foundation, India’s healthcare market is USD 100 billion strong and could reach USD 280 billion by 2020.
With the funds, Sasta Sundar aims to open up 250 Healthbuddy stores in West Bengal and expand to New Delhi with at least 50 more stores.
India’s tech based real estate startup Zipgrip raises pre-Series A funding
Founded by: Kunal Gupta and Jaydip Popat
Founded in: 2013
Zipgrid is a tech based real estate startup that helps housing societies and gated communities with management and organization. It provides software for finance, billing, maintenance of registers and so on. Currently active in Mumbai and Ahmedabad, the company claims to have served 120 communities and 8,000 households in its three years of operations.
Zipgrip has now raised USD 500,000 in pre-Series A funding from India’s JLL and 1Crowd, as per a report. According to JLL India, more than 35 million households live in top 50 city clusters. For them, that represents a market opportunity of over USD 2 billion.
With the funds, the startup aims upgrade its existing technology and operations.
(Top photo from Pixabay)