Good morning! It's Friday and we're back with a couple of funding rounds today. I'm pumped for the weekend and also that Thanksgiving is next week (not for the non-existent Turkey that I shall not be cooking but the extra couple of days off). On to the news today, we have Animall raising their Series A & Clinikk raising their Pre-Series A.
➡️ Animall (which I think might get its name from Animal + Mall) has raised a $7M Series A from Sequoia and Omnivore Partners with participation from Lets Venture as well. This is the company's third round of funding this year following their pre-seed and seed (led by BEENEXT) rounds.
➡️ The company is now valued at $23.5M and is a 7x increase from their seed valuation. The company is an online platform that connects cattle buyers and sellers in their area. It's present across a lot of the major areas in the country and also enables dairy farmers to connect with experts and doctors through its platform.
➡️ The company's app has over 1M downloads and their website states that they have over 200k animals on the platform and over 1M people. I honestly had no clue how much cows in India cost so that was a random bit of trivia I now know having looked into this company.
➡️ I honestly have very little insights into the animal industry in the country but find it fascinating that people are actually buying and selling cattle online, it just shows that the digital transformation isn't just in the metros but all across the country.
2. https://bit.ly/3kKwDix: Clinikk raises a Pre-Series A
➡️ Healthcare and Insurtech company Clinikk has raised a Pre-Series A round from EMVC, 500 startups' SEA fund, WEH Ventures, First Principles and a couple of angel investors. Times Internet also participated in the round.
➡️ The company was founded in 2016 but has since pivoted when their initial product didn't take off. Currently the company offers primary care and a comprehensive health insurance as a affordable subscription product for the 600M+ uninsured people in the country.
➡️ The company has been seeing good traction recently growing 40% each quarter and is projecting an additional 300k subscribers within the next 3 months with the current surge in healthcare and insurance during the pandemic.
➡️ It's also interesting that most Clinikk subscribers use the product as the first point of contact for healthcare. The company is also in the process of raising their Series A round and expects to close that in another 3-4 months (so all you Series A firm associates & analysts, go hit up the Clinikk team).
Feedback & ❤️ always appreciated BONUS (Tweet of the day): https://twitter.com/radhika_agar/status/1329470487534026758
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