2. On May 21, Raw Pressery raised USD 9.55 million in funding from Sequoia Capital,Saama Capital, and DSG Consumer Partners. 3. On May 22, Milkbasket raised USD 7 million in a Series A financing round led by Kalaari Capital, along with Unilever Ventures, BeeNext, and Blume Ventures. four. On May 23, Smartivity Labs secured USD two million from Ashish Kacholia. Milkbasket is a subscription-primarily based delivery service that supplies customers with their every day groceries and household items every single morning. Smartivity Labs is an edtech startup primarily based on Augmented reality (AR) that designs educational toys, robotics, and other understanding tools for youngsters. The startup will use the funds to improve its supply chain and final-mile logistics and grow its geographical footprint. The startup plans to use the funds to expand into other South Asian nations. The startup plans to use the funds to expand its attain overseas. The startup will use the funds to add new solutions and into new vertical sectors such as skilling, compliance, and fintech services. Raw Pressery is an organic cold-pressed juice maker that also delivers delivery services to its consumers in India. 5. On May 25, BetterPlace raised USD 3 million in a Series A round of funding from 3one4 Capital. BetterPlace is a job recruitment platform for blue and grey-collar industries.
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Physiotherapy devices industry is seeking at decent development between 2017 and 2025. And, multiple variables at play here are working towards this propulsion. These are big numbers and holds excellent significance for the market considering this demographic sees higher incidence of musculoskeletal and neuro muscular injuries. The geriatric population is hunting at a dizzying pace of ageing with 1 in just about every six men and women attain the age bracket of 65 or more than. Two of the most prominent factors consist of rise in geriatric population and the increasing trend of strenuous physical activity for promoting health and wellness. In fact, it is worth noting that whilst in 2015, the number of people aged 6o and above was 900 million, by 2050, about 2 billion individuals will fall in the age group. The competitive landscape of the international physiotherapy device market place is very fragmented and some of the names to reckon with are DJO Global, BTL, EMS Physio Ltd., Patterson Health-related Ltd., Dynatronics Corporation, Enraf-Nonius, Ossur, HMS Medicals Systems, and A. Alego Restricted, among other folks.