Paramark Ventures News Today

Pai, who recently sold a controlling stake in Manipal Hospitals to Singapore’s Temasek, is paying Rs 60-70 crore to JSW Ventures to become a shareholder in Purplle through a secondary market transaction

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The company will use this capital to expand its offline footprint by opening more stores and also strengthen its online presence, as an increasing number of direct-to-consumer (D2C) companies look at an omnichannel strategy to drive growth.

The partial exit by JSW Ventures in Purplle has generated 18x return on the capital invested, according to a statement.

Audio content platform Kuku FM, operated by Mebigo Labs Pvt Ltd, is in discussions with an overseas investor to raise fresh equity investment. The Mumbai-based company, ......

The investment is mostly through secondary transactions as some of Purplle’s early investors decided to exit, the people cited above said on condition of anonymity.

Carta Healthcare recently closed a $20 million Series B financing round. , The company is a San Francisco-based provider of clinical data solutions, and its mission is to reduce the amount of time clinicians spend on mundane administrative tasks. Carta's technology is currently used at 245 hospitals across 18 health systems — the company will use its new funds to scale its customer base.

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

The funding round also saw participation from Paramark Ventures & Kuku FM’s existing investors KRAFTON, 3one4 Capital, Vertex, among others.

Kuku FM is Fundamentum’s first investment from its $227-million second fund, which was launched in August. Prateek Jain, who’s Principal at Fundamentum, will be joining Kuku FM’s Board.