Showing posts with label InfoEdge. Show all posts
Showing posts with label InfoEdge. Show all posts

Ex‑Ultrahuman Exec Secures $5.5M to Build Aina, AI‑Era Hardware Interface Beyond Screens and Keyboards

Ex‑Ultrahuman Exec Secures $5.5M to Build Aina, AI‑Era Hardware Interface Beyond Screens and Keyboards
  • Ex-Ultrahuman Exec raises $5.5M for Aina, a new hardware interface for the age of AI beyond touchscreens and keyboards. 
  • Aina was operating as an HCI Lab and recently launched Dune, a popular three-key context-aware keypad.
Design-led consumer hardware startup Aina has raised $5.5M to build a general-purpose interface for the age of AI and agents. The company launched Dune, a popular three-key context-aware keypad, earlier this year while continuing to build its flagship interface in stealth, one that redefines the way we interact with our devices, from everyday tasks on our phones to our computers.

AI is changing the way people do everything. A single prompt can now generate an entire movie. Yet the everyday experience hasn't caught up. AI notetakers automate entire workflows, but joining a meeting still takes four clicks. Booking a cab still means unlocking your phone, finding the app, typing a destination, and confirming. The problem is the dated hardware layer. Software and AI have evolved rapidly, but the interfaces humans use to interact with them haven't kept pace. Keyboards were last updated in the 1980s. Touchscreens were designed for the way we operated in 2007. This gap between software capability and hardware interfaces is why people are excited to learn how AI can change their lives, but end up feeling overwhelmed and fail to adopt new tools fast enough.

An upgrade is needed in the way people interact with their daily apps and services. Aina's waitlist for the Pilot is now open.

The seed funding round was led by Redstart Labs (Infoedge, India) and 360 ONE Asset, with participation from MIXI Global Investments, Antler, Blume Founders Fund and angels including Kunal Shah (WhatsApp/Cred), Tikhon Bernstam (Scribd), Harshil and Shashank (Razorpay), Vaibhav Domkundwar (Better Capital), Avnish Anand (Caratlane), Aditya Singh (All in Capital), KRS Jamwal (Tata), Shraeyansh Thakur (previously at PeakXV), Sarthak Misra and Medha Shankr (Bollywood Actor) among others.

The funding will be used to bring Aina's flagship interface to market and to scale the team across its San Francisco and Bengaluru offices.

Aina is founded by Apoorv Shankar, former VP of Hardware at Ultrahuman, the sleep tracking ring company. Incorporated in May 2025, the company has been operating as a Human-Computer Interaction lab under the name “Project Mirage”.

The company showcased three experimental AI interfaces at CES 2026, each an iteration in its broader research into HCI across different domains, targeting common applications people use daily: online meetings, booking cabs, ordering food.

From those experiments, the company announced Dune in April, a context-aware keypad for Mac that automatically adapts its three keys to whichever application is in the foreground. The team has since shipped hundreds of Dune keypads to early adopters, working closely with power users to learn from their feedback and daily workflows, validate the company's thesis, and understand real-world AI adoption.

Ex‑Ultrahuman Exec Secures $5.5M to Build Aina, AI‑Era Hardware Interface Beyond Screens and Keyboards
Apoorv Shankar, Founder and CEO of Aina

Apoorv Shankar, Founder and CEO of Aina, said, "Phones and computers today are still primarily designed for browsing. You put in the same effort whether the task is something you do daily or once a year, and when you are doing hundreds of tasks a day, every unnecessary step adds up to real cognitive load."

As intelligence becomes ubiquitous, AI assistants will get better at understanding context and agents will execute on our behalf. All we will have to do is say yes or no. The missing piece today is a context-aware layer paired with an easier way to capture that choice. We are building a general-purpose interface for this future, designed to capture human choice, effortlessly."

Vibhore Sharma, Redstart Labs (Infoedge) commented, “We inherited the assumption that computers are tools - you instruct, they execute. AI is quietly dissolving that line. One of the key questions that matter is how the relationship changes when software starts to understand context and the interface disappears. That's where new categories like Aina are born and where part of the future is hiding. We are excited to back the team in this endeavour.

Abhishek Nag, Head of Venture Capital, 360 ONE Asset, added, "Every leap in computing has demanded a new hardware interface, from punch cards to the GUI to the smartphone. As AI agents become the primary way for people to interact with computers, the world once again needs a new generation of interfaces built for how we'll actually compute. Apoorv and the team have shown they can design and manufacture revolutionary consumer hardware from India for the world, and we're proud to co-lead their seed round as they build it.

Every generation of computing has produced a new interface. Each one won by asking less of the person using it. Aina believes the next one asks least of all. In a world where AI has the context of everything you're doing, the only thing left for humans is to choose. Aina is building the most effortless and natural way to capture that choice, so in the age of AI, we can spend our time on things that actually require human intelligence and effort.

About Aina

Ex‑Ultrahuman Exec Secures $5.5M to Build Aina, AI‑Era Hardware Interface Beyond Screens and Keyboards

Founded in May 2025 by Apoorv Shankar, former VP of Hardware at Ultrahuman, where he led the research, development, and manufacturing of the company's sleep-tracking rings.

For its first year, Aina operated in stealth as "Project Mirage", a Human-Computer Interaction lab exploring how people interact with AI in everyday life. The team ran experiments with hundreds of early adopters to understand real-world AI adoption and validate its thesis on what the future of interaction looks like.

One of these early experiments was Dune, a context-aware keypad for Mac, launched in April 2026.

The Bengaluru team works out of an electronics manufacturing unit, part of which has been converted into a design and prototyping studio. The setting reflects the company's approach: combining industrial capability, interaction design, and rapid experimentation to create new hardware for the AI era.

The waitlist for Aina’s Pilot is now open at aina.com

Trackk Raises $3.7 Million Led by Lightspeed to Re-imagine Investing for Young India

Trackk Raises $3.7 Million Led by Lightspeed to Re-imagine Investing for Young India
Aryan Jain, Vedant Gupte, Sidharth Takkar, Cofounders of Trackk
  • Trackk is building for a growing base of young Indians entering financial markets for the first time
Trackk, Young India’s investment platform built for Gen Z investors, has raised $3.7 million in a seed funding round led by Lightspeed, with participation from Info Edge Ventures and angel investors including Gaurav Munjal, Roman Saini, Tanmay Bhatt, Varun Mayya, and Gaurav Kapoor.

The company will use the fresh capital to strengthen its broking infrastructure, expand product capabilities, accelerate user acquisition and customer onboarding, grow its team across key functions, and build additional financial products aimed at younger Indian investors.

Founded by Vedant Gupte, Siddharth Thakkar and Aryan Jain, Trackk is building a platform designed around how younger users discover and engage with financial markets. The company combines AI-led stock discovery, personalised user journeys and simplified execution tools to make investing more accessible for first-time investors.

Vedant Gupte, Co-Founder & CEO, Trackk said, “Younger investors today consume financial information very differently from previous generations. Discovery is increasingly happening through digital communities, creators and social platforms, but the investing experience itself still feels overly complex for first-time users. With Trackk, we are building a platform that simplifies participation in financial markets for young Indians while making the overall investing journey far more intuitive and accessible.”

Romit Mehta, Investor, Lightspeed said, “Trackk is building for a generation of investors whose relationship with financial products is fundamentally different from that of previous generations. The team has shown strong understanding of younger user behaviour and is creating a product experience that feels far more aligned with how new-age investors discover, learn and participate in markets.

Chinmaya Sharma, Partner, InfoEdge Ventures, said, “Young Indians should have access to investing platforms that help them make informed financial decisions and build long-term wealth responsibly. As participation in the markets grows among GenZ users, there is a clear need for products that simplify investing, improve access to insights, and encourage disciplined capital allocation over speculative trading behaviour. We believe Trackk is building thoughtfully for this new generation of investors, and we are excited to back the team at Trackk.”

Trackk has seen strong adoption among younger investors, with nearly 90 per cent of its user base belonging to the Gen Z demographic and the average user age ranging between 20 and 24 years. The company is building toward a larger multi-asset financial platform spanning investing, wealth creation and broader financial products for young India.

In October 2025, Trackk became one of India’s youngest registered brokers following a felicitation by Sundararaman R, Managing Director & CEO of the Bombay Stock Exchange.

About Trackk:

Trackk


Trackk is Young India’s investing platform, built for the Gen Z investor. Founded by Vedant Gupte, Siddharth Thakkar, and Aryan Jain, the company is focused on simplifying how younger Indians discover stocks and participate in financial markets through AI-led stock discovery, personalised investing journeys, and simplified investing and trading execution.

Today, nearly 90 per cent of Trackk’s users belong to the Gen Z demographic, with the platform’s average user age ranging between 20 and 24 years. Built around the evolving behaviour of younger investors, Trackk is focused on creating financial products for a generation that increasingly engages with investing through creators, communities, and digital platforms rather than traditional financial channels.

Backed by Lightspeed, Info Edge Ventures and angel investors including Gaurav Munjal, Roman Saini, Tanmay Bhatt and Varun Mayya, Trackk is building toward a larger multi-asset financial platform spanning investing, wealth creation, and broader financial products for young India. In 2025, the company became one of India’s youngest registered brokers following a felicitation by the Managing Director of the Bombay Stock Exchange.

About Lightspeed:

Lightspeed is a global multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally, including Anthropic, Acceldata, Carta, Cato Networks, Darwinbox, Epic Games, Faire, Grab, Innovaccer, Suno, Mulesoft, Mitral, Navan, Netskope, Nutanix, Physics Wallah, Razorpay, Redotpay, Rubrik, Skilld AI, Sharechat, Snap, OYO, Ultima Genomics, Zepto, and many more. Lightspeed’s emerging focus areas include Generative AI, Deep-tech, Climate, EVs, Agri-tech, B2B supply chain, and Frontier Tech. Lightspeed and its global team currently manage over $40 billion in assets under management across the Lightspeed platform, with investment professionals and advisors based in the U.S., Europe, India, Israel, and Southeast Asia. www.lsip.com

Recur Club Announces $50M Funding to Revolutionize India’s SME and Startup Debt Ecosystem

Recur Club Announces $50M Funding to Revolutionize India’s SME and Startup Debt Ecosystem

Recur Club, India’s fastest-growing AI-native debt marketplace, has raised $50 million to scale ‘autopilot’ debt financing, enabling startups and SMEs to secure debt faster, with less friction. The raise includes $8 million in equity funding led by InfoEdge Ventures, LC Nueva, Physis Capital, String Ventures and iA finvolve, alongside $42 million in debt allocation to the platform from leading financial institutions, including Incred, Ugro and Lighthouse Canton.

Recur Club has connected 2,000+ companies to 100+ institutional lenders across 30+ customised debt products - cashflow financing, asset financing, working capital, invoice discounting, venture debt, acquisition financing, structured debt and lease financing across varied sectors like SaaS, Tech Services, D2C, Manufacturing, Financial Services, Pharmaceuticals, Solar and Agriculture. The new funds will be deployed to accelerate the growth of Recur’s AI-native debt marketplace launching new debt products and expanding into Tier-2 and Tier-3 cities and investing further into technology infrastructure. Recur Club has scaled 120% y-o-y and, with these new funds, is on track to achieve an annual debt run-rate of ₹10,000 crore by FY’27.

At the heart of Recur Club is AICA — our proprietary AI Credit Analyst, trusted by 100+ banks, NBFCs, and credit funds. AICA saves over 80% of the time typically spent on data collection, data room management, deal execution, due diligence, and CAM creation through its AI co-pilots and lending agents. Its AI-powered debt recommendation engine identifies the most suitable financing options for each borrower and matches them with the most relevant lenders at lightning speed. This enables companies to raise unsecured loans in under 48 hours and structured, collateral-backed growth capital in less than three weeks - a process that traditionally takes over three months.

Since its inception, Recur Club has facilitated over ₹3,000 crore in debt sanctions, backing companies such as MoveInSync, Zypp, Sagar Asia, Kimbal, Captain Fresh, and Palmonas. With a balanced mix of secured and unsecured disbursals, the platform mirrors real founder needs — from unlocking working capital quickly to enabling structured growth with secured credit for expansion, equipment, or asset-backed financing.

Founders choose Recur Club because we make debt raising a simple, transparent and fast process by curating ideal capital structures mapped with the Company's business plan - a true technology-led capital advisory. By 2030, our ambition is to power 2% of India’s $1 trillion SME and startup debt market by making debt accessible like flowing water” said Eklavya Gupta, Founder & Co-CEO of Recur Club.

Abhinav Sherwal, Co-Founder and Co-CEO, added: “Raising debt in India has traditionally been slow, opaque, and fragmented, filled with scattered applications, endless follow-ups, and delayed disbursals. At Recur Club, we have rebuilt this experience ground up with AI lending agents where technology stays invisible while founders raise capital and keep their focus on scaling their businesses instead of chasing paperwork.”

Echoing this confidence, Amit Behl, Partner at Infoedge, said: “AI is transforming industries worldwide, but corporate lending in India has remained slow and relationship based. Recur Club is changing that. By building a full-stack debt marketplace with AI at its core, they are making capital faster, smarter, and truly founder-first. This is not just an incremental improvement — it is a fundamental reset of how credit flows to businesses in India, and we are excited to back a team with the vision and execution to build the future of credit.”

About Recur Club

Recur Club’s mission is to redefine the way businesses access debt and fuel India’s next wave of entrepreneurship and economic growth. They are India’s first and largest AI-native debt marketplace, unlocking capital for startups, SMEs and growth-stage companies through intelligent matchmaking, automated underwriting, and AI-powered digital workers. Recur Club is fueling India’s next wave of entrepreneurship and economic growth — helping ambitious companies scale without limits. With AICA at heart, Recur Club aspires to cement its position as an operating system for business credit in India. Companies with revenues above annual turnover of 5cr can setup a free session with our debt advisor at recurclub.com.

GobbleCube Raises $3.5 Mn Pre-Series A Led by InfoEdge Ventures to Scale Its AI-Powered Growth Copilot for Brands

GobbleCube Raises $3.5 Mn Pre-Series A Led by InfoEdge Ventures to Scale Its AI-Powered Growth Copilot for Brands
  • GobbleCube has crossed $2M in ARR within nine months, delivering 2-3x revenue growth for 200+ D2C and enterprise brands, with a waitlist that continues to grow.
GobbleCube, the AI-powered growth copilot for consumer brands, has raised $3.5 million in a Pre-Series A round led by InfoEdge Ventures, with continued participation from Kae Capital. This funding follows an exceptional nine-month run since the company emerged from Private Beta, growing from pre-revenue to $2 million in ARR and onboarding 200+ brands including Reckitt, Tata Consumer, Nivea, and Johnson & Johnson, all through organic momentum.

Founded by Manas Gupta, Srikumar Nair, and Nitesh Jindal, part of the original Blinkit leadership team, GobbleCube is redefining how brands drive revenue in the era of hyperlocal commerce. The platform helps brands unlock scale by identifying revenue leaks, demand gaps, and high-growth micro-markets, then acts on them with AI-driven precision. It’s already delivering 2–3x growth outcomes for both D2C challengers and large enterprises within months.

Unlike traditional platforms that only report the past, GobbleCube enables brands to predict and shape their future. Its AI engine processes billions of locality-level data points to surface high-impact actions across digital shelf visibility, pricing, planning, and now performance marketing, giving brands the intelligence to move from reactive decisions to intent-led growth.

As commerce goes hyperlocal, the real opportunity lies in enabling brands to engage consumers with precision and relevance at scale,” said Manas Gupta, Co-founder and CEO. “This isn’t just a marketing challenge; it’s a big-data problem that demands AI-first, productized solutions. The response has been overwhelming, with multiple brands already live and many more on the waitlist.”

The problem GobbleCube is solving has global relevance. The company is already working with brands across MENA and LATAM, tapping into a multi-billion dollar opportunity in global digital commerce. With the new capital, GobbleCube plans to deepen its AI capabilities, expand platform coverage, and accelerate its global go-to-market motion.

E-commerce and q-commerce are becoming increasingly complex, with brands needing to win at a hyperlocal and platform-specific level across marketplaces like Blinkit, Zepto, and Instamart. GobbleCube gives them the real-time visibility and intelligence needed to drive growth and revenue outcomes. Their early traction highlights a strong value proposition across both large and emerging consumer brands. At InfoEdge Ventures, we believe GobbleCube is fast becoming a must-have AI partner for any brand selling online. The team’s clarity, speed, and execution are exceptional, and we’re excited to partner with them on this journey,” said Kitty Agarwal, Partner at InfoEdge Ventures.

Gaurav Chaturvedi, General Partner at Kae Capital, added, “GobbleCube has shown incredible execution velocity and product clarity from day one. Their ability to drive measurable growth for both emerging D2C brands and large enterprises within weeks signals strong product-market fit. We’re excited to double down and support them in this next phase.”

With AI at its core and commerce in its DNA, GobbleCube is fast becoming the copilot every brand wants in the race for digital dominance.

About GobbleCube:

GobbleCube is an AI-powered growth copilot for consumer brands, designed to help them scale revenue and market share by identifying leakages and unlocking opportunities at hyperlocal granularity. It offers brands end-to-end visibility and control across key growth levers, from availability and pricing to share of voice and performance marketing.
GobbleCube’s mission is to remove the guesswork from growth by abstracting problem identification. Brands simply define their objectives, and the platform figures out the highest-impact actions to achieve them.

Founded by the team that helped build Blinkit into a Q-commerce category leader, GobbleCube brings deep domain expertise and strong technical foundations to solve one of the most complex big-data problems in modern commerce.

Fashion Search Engine Shoppin Raises $1 Mn From Infoedge Ventures

Fashion Search Engine Shoppin Raises $1 Mn From Infoedge Ventures

shoppin’, a new-age fashion search engine powered by AI, has successfully raised $1 million in pre-seed funding from Info Edge Ventures. The platform is on a mission to make fashion discovery seamless, personalized, and accessible for all, enabling users to discover apparel products using prompts, vibes, product descriptions and images, putting consumer need at the heart of its operations.

In an era where online shopping can feel overwhelming and 80% consumers find poor fashion search as a barrier to purchase, shoppin’ stands out by simplifying the process of helping users find their perfect style. The platform has already built an impressive base of over 35,000 Instagram followers and 20,000+ waitlist sign-ups, all in 3 weeks —achieved at 0 marketing spend—highlighting the need for the problem they’re solving and shoppin’s growing popularity among fashion enthusiasts.

The freshly raised funding will be allocated towards three key areas: hiring top talent, enhancing proprietary technology, and fostering growth. A large majority of the funds will be deployed towards building a team of AI engineers, developing, fine-tuning and scaling its advanced AI models, incl. their custom built SLMs and embeddings model, tailored specifically for fashion.

If OpenAI’s multi-modal and NLP search prowess, Google’s indexing algorithm, and Pinterest’s social DNA were to have a fashion-obsessed baby, it’d be us,” said Shlok Bhartiya, Founder & CEO of shoppin’.

For Gen-Zs, over 75% of fashion inspiration discovery happens on Instagram and Pinterest. We started shoppin’ seven months ago with the idea of bridging the gap between inspiration discovery on social platforms and e-commerce discovery on marketplaces and D2C brand websites. Our mission at shoppin’ is to make fashion discovery as seamless and easy as clicking an image. With Info Edge Ventures’ support, we’re committed to innovating further, pushing the boundaries of AI, to help every shopper find what they love effortlessly,” said Shlok.

Our foundational AI models for fashion and autonomous agents for commerce have enabled us to revolutionize fashion search,” added Utsav Soi, Co-founder & CTO of shoppin'.

“Fashion discovery needs to be much more intuitive and enjoyable. With the emergence of many new fashion D2C brands in the country in the last five years, we strongly believe that surfacing upcoming and innovative D2C brands to the right customers and solving brands’ distribution challenges is essential,” said Kitty Agarwal, Partner at Info Edge Ventures. “The founders are young and mission-driven—I’m yet to see any consumer product get the kind of social and word-of-mouth-driven organic waitlist shoppin’ has been able to garner in the run-up to the launch. We are very excited,” added Kitty

shoppin’ is laying the groundwork to become a shoppable Pinterest by integrating cutting-edge AI with a user-friendly experience. With a team of 20 Gen-Z engineers and marketers, shoppin’ is well positioned to launch its beta search engine in February, with subsequent versions enhancing accuracy and personalization.

With partnerships already established with many leading D2C brands, Shoppin’ strives to be a trusted partner for both brands and consumers. Looking ahead, Shoppin’ plans to collaborate with even more brands, increasing its offering to Gen-Zs, further solidifying its position as the premier fashion platform for consumers and brands alike.

Check out shoppin’ at https://shoppin.app/, and sign up on their waitlist to get early access to their beta app.

HealthTech Startup BrainSightAI Secures ~ ₹1 Crore from InfoEdge Subsidiary RedStart Labs

HealthTech Startup BrainSightAI Secures 1 Crore from InfoEdge Subsidiary RedStart Labs

RedStart Labs, a subsidiary of InfoEdge formed in 2020, has invested close to Rs 1 crore in Bengaluru-based health technology startup BrainSightAI, according to a report by Economic Times citing a BSE filing on Monday.

As per the BSE filing, RedStart holds 4% stake in BrainSightAI on a fully converted and diluted basis. However, aggregate shareholding of the company after the current investment cannot be estimated.

Bengaluru based BrainSightAI is an AI enabled application suite developed by a diverse and expert team of scientists, researchers and designers. It provides evidence-based treatment hooks for neurosurgeons, psychiatrists and neurologists; and a private and empathetic digital aid for patients.

According to the filings, "RedStart has agreed to invest an aggregate amount of Rs 98,94,000 by way of subscribing to convertible notes. Since the note would be converted into shares in the next round basis the valuation at that time, aggregate shareholding of the company through RedStart, post this investment cannot be estimated at the time of making the intimation."

Founded in 2019, by Laina Emmanuel and Dr.Rimjhim Agrawal, BrainSightAl combines artificial intelligence and neuroscience to enable greater precision in neurological and psychiatric investigation for accelerated patient outcomes.

The health tech startup currently provide two Al based flagship solutions — Voxelbox and Snowdrop. Voxelbox provides clinicians with access to a world-class fMRI processing engine and machine-learning models for generating reports to aid clinical decision making.

While, Snowdrop is a Patient care app that enables compliance with treatment schedule and build a holistic patient profile between visits with reports triangulated from patients, caregivers and our Al engine.

About RedStart Labs, its a corporate venture capital firm and a subsidiary of InfoEdge, the parent of 99acres.com and Naukri.com. It invests in early stage Science and technology companies.

Apparently, BrainSightAl is first investment of RedStart Labs in this year. Earlier in last year, it had invested in Lumiq, a data analytics startup, WSO2, a PaaS startup for customer identity and access management (CIAM), and Beatoven.ai, an AI-powered music generation tool for video and podcast content creators.


Telehealth Platform Truemeds Raises $5 Mn from InfoEdge, Asha impact and IAN Fund

The Fund raise will help Truemeds launch in new cities, further develop the technology and supply chain automation


Mumbai, June 9, 2021: Truemeds, India’s leading telehealth platform that helps chronic patients find best value alternate brands for medicines, closed its $5 million series A funding round led by InfoEdge, Asha Impact and Indian Angel Network(IAN). Existing investor, InfoEdge Fund, led the second consecutive funding round in Truemeds - showing their strong trust in the model and the team.

Since its seed round in May 2020, the company has witnessed a 40X growth in monthly orders, with over 50% orders resulting from word of mouth and organic discovery. According to the company, the current pandemic has made consumers not only more conscious of their health but also more aware of their rising healthcare costs, further accelerating the trend towards more affordable, high quality medical alternatives. With repeat usage of over 60% and 8 to 10 times annual purchase frequency, Truemeds is building a ‘subscription-like’ service for chronic patients.

The funding will be used to further expand its footprint to 3 additional cities, build product and technology and invest in improving the supply chain of generic medicines.

Commenting on the announcement Akshat Nayyar, CEO & Co-founder of Truemeds said --
Truemeds was founded with a mission to make medicine affordable for chronic patients. For us, it wasn’t just about providing best value alternate brands, it was about changing the paradigm of doctor-patient relationship. Covid 19 has shown the country how important it is to make medicines affordable and accessible. With this investment, we’ll be able to not only make the Truemeds experience even more seamless, but also bring access to affordable medicines to more people in different parts of India.


Amit Behl Partner at InfoEdge Ventures commented, “We have seen Akshat and Kunal execute extremely well throughout last year and demonstrate that their customers find the generics proposition appealing. With this new round, we continue our support for the Co as they build further on the proposition to deliver significant savings on healthcare expenses of consumers”

Aditi Gupta, Principal at Asha Impact said, “We are thrilled to back Akshat and Kunal in this category defining business. TrueMeds has seen tremendous growth in the last year which speaks to the increasing importance of reducing patient spends on medicines for majority of Indian households, and the growing trust that TrueMeds as a brand has started building with this customer base.”

“We were very excited by Akshat’s vision, passion and execution focus in building a fast growing business. Truemeds is creating a real impact for customers by enabling reduction of medicine costs and this resonated well with us. Trumeds disruptive model is now fast becoming the “normal” for customers, suppliers and pharma companies” said Rajnish Kapur, Managing Partner from IAN Fund.

About Truemeds

Truemeds is the first of its kind telehealth platform in India focused on recommending best value alternate brands to chronic patients. The Mumbai based startup provides free delivery of the suggested alternate brands to the patient’s home. On average, each Truemeds’ patient saves ~47% on their monthly medicine bills by using Truemeds’ proprietary recommendation engine and free consultation from their empaneled doctors. The startup was founded in 2019 by Akshat Nayyar and Dr Kunal Wani. With combined experience of over 20 years in the Indian pharmaceutical sector, the founders realized that despite 95% medicines in India being off-patent, most patients are unaware/unsure about the choices they have in brand selection based on their price range. Truemeds leverages its intelligent medicine recommendation engine to help patients find the highest quality alternative medicines from the top 1% medicine manufacturers in India and provides free doctor consultations to help patients make the right decisions for themselves.

About IAN

Indian Angel Network (IAN) is India’s first and world’s largest business angel network with close to 500 members across the world, comprising the who’s who of successful entrepreneurs and dynamic CEOs. With investors from 12 countries, IAN’s presence spans 7 locations, which includes cities in India and the UK. The network is sector agnostic and has funded start-ups across 17 sectors in India and 7 other countries growing global footprint companies. With an excellent track record, IAN has been giving excellent cash exits year-on-year to its investor-members, for the last 11 years. Some of its marquee investee companies include Druva, Box8, Sapience Analytics, WOW Momos, Consure, Fareye amongst many others.

IAN has also launched the IAN Fund, an INR 375 crore fund, is a uniquely differentiated seed/early stage Fund which aims to transform India’s entrepreneurial landscape. The fund invests in innovative companies in sectors including healthcare and medical devices, VR, AI, software as a service, marketplaces, fin-tech, big data, artificial intelligence, agritech, and hardware. With this, IAN has created the single largest platform for seed and early-stage investing, enabling entrepreneurs to raise from Rs. 25 lakhs to Rs. 50 crores.


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