7 rising startups in India – Oct. 5, 2016

Photo credit: Pixabay.

One of India’s most popular investors funds a wearables startup. A company he funded earlier this year snags millions in funding. Those and other startups make our list of funded businesses today.

FitKids

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Bangalore-headquartered education firm FitKids has acquired hands-on science and tech education provider ThinkLabs in an all-cash deal.

Incorporated in 2010, FitKids offers products for sports, creative movement, STEM subjects, and career counseling for children in kindergarten through 12th grade. It is present in 46 cities and aims to increase that number to 100, including more second and third tier cities into the mix. By the end of the year, it will also launch a product using artificial intelligence and natural language processing.

The acquisition adds 100 schools to FitKids’ existing 160.

Founded by Dev Roy, FitKids operates under DiscoverEd. ThinkLabs, which operates under the brand name Eureka, was founded by Gagan Goyal and was incubated at SINE-IIT Bombay.

Neurosynaptic

Photo credit: Day Donaldson.

Bangalore-based telemedicine startup Neurosynaptic has raised an undisclosed amount in series A funding from healtcare-focused venture fund Healthquad, Indian Angel Network (IAN), and Axilor Ventures. Healthquad and IAN will join the company’s board.

Neurosynaptic earlier received funding from e-Zest Solutions, a global digital engineering company that develops healthcare products.

Established in 2002 by Sameer Subhash Sawarkar and Rajeev Kumar, Neurosynaptic specializes in rural and semi-urban healthcare via telemedicine. Its services include screening, primary diagnosis, triaging, and point of care diagnostics. It also has an electronic medical records service.

The startup is building a telemedicine solution model and a software-as-a-service model for hospitals, clinics, NGOs, and others.

Azuro

Moglix

GOQii

Innerchef

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