During the pandemic, e-pharmacies and online consultation platforms turned out to be lucrative businesses within health tech, which also includes at-home diagnostics, fitness and nutrition platforms, disease management and employee wellness services.
LifeCell’s diagnostics business and MFine will have a combined user base of more than six million. MFine, as a brand, will continue to exist as the consumer-facing platform, under the new entity LifeWell
Experts and talent managers say the trend is indicative of a shift to profitability over customer acquisition and unmanageable expansion, a subdued investment environment, and a fear of possible recession.
Employees were told that the startup is short on funds to release salaries for coming months.
They aren’t exactly the bloody Cola Wars of yore. But brands are getting cheekier in commercials, spoofing other brands' ads. The question is, who is laughing?
The series C round also saw participation from existing investors, Stellaris Venture Partners, SBI Group Japan, SBI Ven Capital Singapore, Heritas Capital, Prime Venture Partners, Y''S Investment Pte Ltd and Alteria Capital, a statement said.
Founders are forming an industry level body to offer all help to the government in this crisis and also press for the need to frame operational guidelines for this sector.
Including the current round, the start-up has raised over $6 million.