News: Wealthy bags $1.3M from Good Capital & Emphasis Ventures
News: Wealthy bags $1.3M from Good Capital & Emphasis Ventures
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Recently, Globevestor’s portfolio company, Wealthy, secured another funding round from Good Capital and EMVC, among others. Wealthy is aiming to disrupt the mid-market wealth management segment in India.

Traditionally, true-blue private wealth management services in India have been limited to the wealthy. However, millions of upwardly mobile clients are under-served. Wealthy aims to change that by building a network of wealth managers and empowering them through technology, in turn increasing the penetration of wealth management services in India.

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News: Digi-Prex raises $5.5M seed from Khosla Ventures, SV Angel & others
News: Digi-Prex raises $5.5M seed from Khosla Ventures, SV Angel & others
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We recently participated in the seed round of Digi-Prex, as it graduated from Y Combinator’s most recent batch. The company raised it from a group of highly-influential investors that include YC, Khosla, SV Angel and the likes.

Digi-Prex runs an eponymous online subscription pharmacy in Hyderabad and serves patients with chronic diseases. Patients share their prescription with Digi-Prex through WhatsApp and the startup’s workers then deliver the medication to them on a recurring cycle. Digi-Prex also helps patients better track when they need a new supply of medicine, and checks if they are seeing improvements. The startup has amassed thousands of customers in Hyderabad.

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News: Doxper raises $4M as part of Series A led by Alkemi Venture Partners
News: Doxper raises $4M as part of Series A led by Alkemi Venture Partners
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Today, a Globevestor portfolio company, Doxper, has announced its Series A round. Doxper aims to be one of the largest healthcare informatics company in India & SE Asia, and helps hospitals & doctors digitize prescriptions.

There’s no question that the current practice of writing prescriptions by hand on a paper, followed by doctors in India, is archaic and will be replaced in the future with more tech solutions. This practice is also the reason why digitizing prescriptions has been such a tough problem to solve till now. However, it also makes for a classic case study in change management. How do you make an industry move to a new-age solution, when the current habits are well-entrenched and honestly, are more efficient for the practitioners?

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News: IAN Fund leads a Rs 19 crore round in Chakr Innovation
News: IAN Fund leads a Rs 19 crore round in Chakr Innovation
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This morning, woke up to the announcement by one of Globevestor portfolio companies, Chakr Innovation, about its Series A fundraise. Chakr is on a mission to reduce air pollution, an evil of our times and an increasingly alarming problem in India.

Living in Delhi NCR since 2004, both me and my wife develop small respiratory issues for 3-4 months in winter, when the air quality drops significantly in the metropolis. With two little children, we only wonder what the air could do to their lungs. It’s a problem that has literally hit home.

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