Wify, two others raise early-stage funding

On Monday, three Indian startups, Wify Home furnishings, Cautio, and Shealth.AI, announced that they had raised early-stage funding.

Wify, a home furnishings installation player in India, secured around $3 million (Rs 25 crore) in a funding round co-led by Mount Judi Ventures and Capria Ventures. The round also included participation from Blume Founders Fund and other undisclosed existing investors. The funds will be utilized to penetrate deeper into existing categories, expand into new ones, hire talent, and develop software and technological capabilities. Wify’s SaaS platform offers streamlined order management, on-site project management, and real-time tracking for brands and consumers. The company has 3,000 technicians enlisted on its platform and operates in 100 cities in India, with partnerships with brands like IKEA, Amazon, Godrej, and Hettich.

Cautio, a video telematics startup, raised $779,006 (Rs 6.5 crore) in a pre-seed funding round. The funding was a mix of equity and debt, with participation from Antler, 8i Ventures, AU Small Finance Bank, Cautio’s early customers, and undisclosed angel investors. Cautio offers cost-effective video telematics products aimed at mitigating safety issues prevalent in India. Through customizable dash cam devices and an artificial intelligence (AI)-based operating system, Cautio aims to ensure accountability, improve driver conduct, and reduce revenue loss. In 2022, India recorded 1.68 lakh deaths, with overspeeding responsible for 70% of these fatalities. Cautio believes that video telematics and dash cams, driven by demand from the commercial vehicle sector, will be crucial in eliminating hearsay and improving road safety.

Shealth.AI, a healthtech startup, raised $100,000 (Rs 83 lakh) in a seed funding round from XVC.Tech. Founded by Sheetal Chand, Shealth.AI is an AI-based healthcare startup that has developed AI-based tools such as virtual health assistants, medication management systems, and digital consultation services. The primary targets for the startup are healthcare institutions including hospitals, clinics, healthcare administrations, among others. The beta.shealth.ai platform claims to have shown a 85% increase in diagnostic accuracy and a 52% improvement in patient outcomes, from its early adopters.

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