Social enterprise incubator Villgro has invested in three startups - Ujjeewan Healthcare, Aindra Systems and Scholowiz Educational Solutions. It is targeting to invest in 25-30 more startups by the end of the fiscal year. The new investments range between INR 6 and INR 8 lakh, to be used to scale up businesses. Villgro will work with these startups to build business models and go-to market strategies around their ideas.
Ujjeewan provides telemedicine and primary medical services in West Bengal under the brand 'Healthypariwar'. Aindra is developing a device that can be deployed at low cost to assist with screening and detection of cervical cancer among women. The project is at the proof-of-concept stage and Aindra plans to use the funding to build a working prototype of its device. Scholowiz, which provides professional development programmes for teachers, has completed a pilot programme in eight schools.
Source: Economic Times
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.