5 rising startups in India – Nov 15, 2016

Photo credit: asawinklabma / 123RF.

Low-cost healthcare got a funding push in the millions, while a mobile games company struck its own windfall. Paytm’s founder pays up to an online apartment rental and purchase aid, and a hiring assessment startup finds its new home with a global firm. A used items marketplace rounds out today’s list.

Stasis Labs

The Stasis Monitor.

Medical device producer Stasis Labs has raised US$5 million in seed funding led by RTP-Healthcare Ventures, with participation from Wonder Ventures, Techstars Ventures, and others.

Founded by Dinesh Seemakurty, Michael Maylahn, Clayton Brand, and Derek Nielsen, Stasis Labs is based in Bangalore and Los Angeles. Stasis Labs seeks to create lower cost healthcare devices for use globally.

The Stasis Monitor, one of the startup’s products, measures heart rate, blood oxygen, 3-lead ECG, respiratory rate, blood pressure, and body temperature. Unlike a traditional vitals sign machine, it uses colors and icons to provide a friendlier, more understandable look into how a patient is doing. Built much like a smartphone, the monitor is driven by software rather than hardware. The result is a cloud-connected device that costs a hospital less than US$5 a day to run, meaning hospitals in India could potentially use them outside of intensive care units.

The Stasis Monitor is currently being used in Bangalore’s Narayana Health hospital chain and a few other hospitals.

See: Exclusive: How a medical device maker got $5 million seed funding

PlaySimple

Bangalore-based mobile games company PlaySimple has secured US$4 million from Saif Partners and existing investor IDG Ventures.

Founded in 2014 by former Zynga employees Siddharth Jain, Preeti Reddy, and Suraj Jain, as well as former Walmart Labs engineer Siddhanth Jain, PlaySimple creates trivia, word, and puzzle games, including emoji word game GuessUp and word puzzle activity WordTrek. The company previously took part in Google’s Launchpad Accelerator.

PlaySimple seeks to cater to a global audience. Currently, the majority of its downloads come from the UK, the US, Australia, and Canada. Most of its players are over the age of 30.

The startup has two more games in the works. It makes money through a combination of in-game advertising and available in-game purchases.

See: Former Zynga, WalmartLabs employees land $4m to push games worldwide

NoBroker

CoCubes

Zefo