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India’s Diabetes Specialities Centre raises $10 million to expand clinic network

India’s Diabetes Specialities Centre has raised $10 million to expand its clinic network. The 26-year old venture fighting diabetes in India raised its first round of institutional capital. Dr. Mohan’s Diabetes Specialities Centre attracted $10.2 million from Lok Capital and the Evolvence India Fund. The Chennai-based company, headed by Dr. V. Mohan, has two hospitals and 23

IntelleGrow to raise $100 million to meet capital demand from Indian social ventures

CEO Akbar Khan, the former GE executive who joined IntelleGrow in November, is charting an aggressive growth strategy for the company. The venture debt arm of India’s Intellecap Group plans to raise $100 million in debt and equity this year to finance young, high-risk and under-banked companies in social sectors in India. “As our customers grow, their

Village Capital seeds Simulanis to boost job-readiness in India

Delhi-based startup Simulanis uses gaming tools and virtual reality to train engineering students for the workforce. Village Capital led a group of angel investors to provide an undisclosed amount of seed capital. India is in need of 120 million more skilled workers in the next five years across two dozen economic sectors, says VilCap’s Victoria Fram. Simulanis,

Konsult raises early-stage capital for mobile health consultations in India

Konsult has raised $500,000 in two rounds of seed funding from angel investors from the U.S., U.K., Netherlands and Australia. Konsult, launched in 2015 to connect doctors and patients for follow-up care, is adding first-round consultations and second opinions. Telehealth is a growing market in India, where qualified doctors are in short supply. Konsult partners

Scotland strengthens European social enterprise ties for the Brexit era

As the U.K. begins its two-year process to leave the E.U., Scotland is seeking ways to stay connected. The Scottish government’s three-year Social Enterprise Action Plan aims to “maintain the strongest possible relationship with European partners.” Scotland is looking to “frame, lead and accelerate global developments in the social enterprise movement,” and will host the2018

Unicorn India Ventures makes its first fintech investment in SmartCoin

Unicorn India Ventures has made its first fintech investment: In SmartCoin. The early-stage venture fund has now made seven investments from its first fund, which it expects to close by mid-year. Unicorn expects to make up to 30 investments in media, pharmaceuticals and financial tech startups over the seven-year life of the fund. SmartCoin is a

Acumen readies a fund for India with Indian investors

Acumen is developing a dedicated fund for India, the impact investor’s largest market. To date, Acumen, headquartered in New York, has deployed $100 million globally and about $32 million in India, but nearly all of its funds have been raised from U.S. investors. The firm wants to raise capital locally in India and deepen partnerships with