After the turbulence of the last few weeks, I finally carved out the time to share my funding picks of Week 13 & 14 of 2020. My team and I shortlisted the deals for week 13 & 14 from Traxcn, Inc42, and YourStory and we jointly picked out the following as the best funding picks for 17th March to 29th March 2020 period:
Name: Qtalk
Amount Raised: $1.6 million from Accel India & Lightspeed Venture Partners
What does Qtalk do?
Edited from Traxcn: QTalk is a mobile application that provides calling for friends and family members. It allows users to make affordable local and international calls using phone internet/network or WiFi technology. Its features include call recording/history/remainders, caller ID, spam blocking, calendar integration, and others.
Why do I like Qtalk?
Qtalk brings an interesting tech layer on top of a regular dialup app providing smart features like silence overrides, shared browsing, and call intent. The app offers WiFi calling, which is a much-needed feature to overcome the overloaded network infrastructure in India today.
Name: MedCords
Amount Raised: ₹7 crores from InfoEdge India
What does MedCords do?
Edited from Traxcn: Medcords is a medical record management solutions provider for patients, doctors, pharmacies, and lab centers. Prescriptions, bills, personal information, etc. can be uploaded to the mobile app. Doctors can view the past medical history of patients and can access other medical records of the patients. Patients can view all information related to their health, and also pharmacies and labs can access the record to provide services to patients. Also, uses analytics and provides trends to doctors and patients.
Why do I like MedCords?
Maintaining medical records is painful. To aggregate one's medical information, prescriptions, blood reports, and past medical history into one space are even more painful. MedCords aims at solving this problem. It provides a one-stop solution for one's medical needs, and once it reaches critical mass, the data analytics layers will pay rich dividends for the investor.
Name: PitStop
Amount Raised: $2.5 million from Group Landmark, Blume and Goldbell Group
What does PitStop do?
Edited from Traxcn: PitStop is a closed marketplace for car service providers. It provides an estimated cost of service and offers the option for doorstep pickup and delivery. Provides status tracking after booking service. They claim to have the service done in 2 hours. Pitstop has expanded to several locations including Delhi, Bangalore, Hyderabad, Mumbai, Pune, and others.
Why do I like PitStop?
I am not a big fan of the fragmented vehicular maintenance space. However, Pitstop's substantial revenues numbers put them a cut above the rest. That is the reason why it is on my list. Pitstop wants to use the data reservoir created from its vast customer base to offer services like vehicular insurance, etc. If it can continue its phenomenal growth in the post-Corona phase – this one could be one to watch out!
PS: Artha Venture Fund invested in Agnikul, a deal that got announced a couple of weeks back. While I am a big fan of the team and the deal, I keep our investments outside the purview of these picks. You can read Vinod and my reasons for investing in this detailed blog: Why We Invested in Agnikul?
