Janani raises $1.1 million in a fresh funding round
Bengaluru: Janani, looking to develop a full-service platform providing personalized solutions for the fertility care industry, has raised Rs 8 crore (around $1.1 million) in a fresh funding exercise.
The round in Bengaluru-based Janani has been led by startup incubator and accelerator Venture Catalysts. Other investors in the startup include Apollo Hospitals, Inflection Point Ventures, LetsVenture, and 9Unicorns.
The development comes after Janani in October last year raised Rs 1.5 crore (around $201,000) in a pre-seed round that was led by 9Unicorns. Other participants included Archana Priyadarshini and Sweta Rau via AngelList.
Janani, operated by Mothersense Technologies Pvt Ltd, was set up by Nilay Mehrotra last year. The company says it operates a consumer vertical, Janani.Life, and a business-to-business arm, Janani.ai. Both focus on addressing and providing phased solutions to infertility and assisted fertility procedures.
The company will use the capital it has raised to enhance its technological infrastructure and initiate full operations in three metro cities in the country.