India Funding Roundup: A Clinical Supplies Platform, Food Tech Startup, and More

Our latest funding roundup compiles early stage investments in startups engaged in the healthcare supply chain, loyalty and contract lifecycle management platforms, apart from e-commerce.

PinkBlue
Bengaluru-based PinkBlue.in, a healthcare player operating in the clinical supplies segment has raised Rs. 1.5 crores in its seed round from angel investment platform TermSheet.io. Founded by IIM Kozhikode alumni Valliappan Kumarappan and Varun Singh, PinkBlue is working on streamlining the supply chain ecosystem in healthcare segment, with the longer goal of bringing in analytics and automation inside hospitals. The founders plan to use the funds to ramp up technology development, which will democratise smart supply chain management across all hospitals and clinics, the company said in an emailed statement.

(Also read: 10 Indian Healthcare Startups You Should Know About)

Paytm
Alibaba-backed payments and commerce platform Paytm has reportedly taken a loan of close to Rs. 300 crores from ICICI Bank in two tranches, which the founder said was a treasury management move for working capital. Last week, HDFC Bank had reportedly extended a line of credit of over Rs. 450 crores to Flipkart, which is being interpreted as a sign of a slowdown in venture capital investing.

Icertis
Icertis, a cloud-based contract lifecycle management system, has closed $15 million in Series B funding led by Ignition Partners, with participation from existing investors, Greycroft Partners and Fidelity Growth Partners India. The company said that it plans to use the funds to expand its global operations, invest in marketing, and further enhance the its contract management platform.

Jolly Food Fellow
Ahmedabad-based food-tech startup Jolly Food Fellow has reportedly raised an undisclosed sum in a pre-Series A round. Founded in 2015 by Rajiv Sharma and Niraj Harlalka, the startup provides food entrepreneurs analytics-led engagement and loyalty programs on its platform.