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Veera, Swift, Knorish, ReDesyn raise early-stage capital

Veera, Swift, Knorish, ReDesyn raise early-stage capital
Photo Credit: 123RF.com
26 Jul, 2021

Mumbai headquartered digital health platform for women, Veera Health, has raised $3 million (Rs 22.3 crore according to current exchange rates) in equity capital led by Sequoia Capital India’s Surge and Global Founders Capital.  

The round also saw participation from YCombinator, co-founder of CloudNine Hospitals, Roghit MA and other angels including head of Tinder India, Taru Kapoor. 

The company is a part of the fifth cohort of Sequoia’s rapid scale-up programme for startups, Surge. 

Founded in August 2020 by siblings Shobhita and Shashwata Narain, Veera Health was also a part of YCombinator’s Winter 2021 batch. 

The company’s first product is a digital therapeutics platform which provides medical care, nutrition therapy, lifestyle coaching and doctor support for women with polycystic ovary syndrome (PCOS).  

The subscription-based programme is customised based on patient’s medical history, lifestyle and past interventions.  

Swift 

Bengaluru-headquartered internet commerce enablement platform Swift has raised $2.2 million (Rs 16.37 crore approximately) in a pre-Series A round of funding led by Kalaari Capital. Returning investors FirstCheque, Indian Angel network and other angel investors also participated in the round. 

The capital will be utilised for scaling engineering efforts and simplifying workflow across checkout, payments and fulfilment, said a company statement. 

Founded in 2019 by BITS Pilani alumni Shyam Kalita, Prayas Mittal and Debanshu Sinha, Swift provides e-commerce stack for direct-to-consumer brands, drop shippers, small businesses and omnichannel brands.  

The product helps sellers reduce cart abandonment, apart from warehouse management system, order management system, shipping and reconciliation.  

Knorish 

Gurugram-headquartered online course creation platform Knorish has raised $1.1 million (Rs 8.18 crore) in a pre-Series A round of funding led by Inflection point ventures.  

The round also saw participation from Rockstud Capital, Pentathlon Ventures, Prophetic Ventures syndicate and others.  

The capital will be utilised by the platform to build a sales funnel and automations for online academies, a statement issued by the company said. 

Founded in 2018 by Kinner N Sacchdev and Rakhi Wadhwa, Knorish helps coaches, instructors and organizations launch online academies through a DIY approach.  

The platform claims to have 5 lakh Monthly Active Users (MAUs) buying courses across 37 countries and supports over 22,000 academies. 

“Coaches and instructors are good at teaching, but they struggle to sell. With Knorish’s funnel builder, over 90% of content sellers are able to cross $1000 within the first few months of launching their first funnel,” Kinner N Sacchdev, CEO of Knorish, said in the statement. 

The company had previously raised $323,000 from angel investors in June 2020.  

ReDesyn

Mumbai headquartered creator-led merchandise platform ReDesyn has raised $300,000 in a pre-Series A round from Anthill Ventures, with participations from Siliconroad VC, Letsveture, Paipal Ventures, FAAD Network and other angel investors.

Founded in 2013 by Shikhar Vaidya and Smriti Dubey, ReDesyn provides socal media influencers, designers, creators and brands manufacture their branded merchandise in a just-in-time model.  

The model reduces wastage and minimises stock storage and maintenance costs.  

The platform claims to have 5000 content creators using its services. The company claims that Youtubers, graphic designers and illustrators, actors and entertainment professionals are the top four categories of content creators using the platform.