Skip to main content

India Funding News:

Nkure Therapeutics, an NK cell therapy company, has announced the closure of its pre–Series A round with participation from Endiya Partners, Kotak Investment Advisors, Featherlite and a few angel investors.

Define Ventures, a VC firm based in Silicon Valley, has recently announced the closing of Fund III and Opportunities Fund, raising a total of $460M to fund innovation in healthcare. The firm invests in early-stage digital health startups, including those in incubation, seed, series A, and series B stages.

Vice Ventures has announced closing of a second $25M fund, New York-based early-stage venture capital fund that aims to deliver superior returns by investing in good companies operating in superficially “bad” industries including alcohol, cannabis, energy, harm-reducing nicotine, psychedelics, sextech, skill-based betting, sports betting, MDMA, and ketamine.

Global Funding:

Gather Health, a socially-focused primary care solution for older adults, has recently opened its first primary care practice in Quincy, MA. after successfully raising over $15M in Series A funding.

Montréal-based healthtech startup Eli, which provides solutions for saliva-based hormone testing, has raised $5 million CAD in all-primary seed funding.

Little Journey, a mobile application designed to help children and their families prepare for surgical procedures, and other healthcare interactions, has raised £2.5M in a funding led by Octopus Ventures.

FemTech News:

Apple is working on an artificial intelligence-powered health coaching service and new technology for tracking emotions, it’s latest attempt for lock in users with health and wellness features.

India has made it quite clear that one of its key focus areas during its G20 presidency will be healthcare. To support such a framework, India will shift its focus from a ‘data-driven’ approach to a ‘data-first’ approach where ‘data for development’ will play a crucial role.

New tool calculates the economic value of breastfeeding for mothers and society. The MMT shows that breastfeeding is responsible for approximately 35.6 billion liters of milk a day. This figure represents about half the potential production under optimal circumstances. Conversely, social barriers or difficulties due to the cultural surround and infrastructure deficiencies have resulted in the loss of 38% of this milk, which would come to US$ 2.2 trillion annually (around US$ 100 a liter ).

The Delhi government will organise on May 6 a mega counselling camp for parents on the issue of malnutrition among children studying in schools run by it, officials said on Tuesday. The camp will provide the parents with essential information on nutrition and healthy eati.

The Government of India bringing mental well-being of students into focus through its National Education Policy (NEP) 2020. NGOs are also trying to join hands with state governments to get better results. Read more about the programme here.

Recent research suggests that regular leisure-time physical activity, even in small doses, is associated with lower odds of depression, anxiety, chronic stress, and school psychologist visits among adolescents.

Telemedicine can ensure preventive and primary healthcare to underprivileged communities. Telemedicine, which can deliver healthcare remotely, can also be used to raise the quality and accessibility of medical camps. A new concept called a telehealth camp uses the power of telemedicine to deliver primary healthcare remotely. It brings medical care much closer to the patient, cutting down on both costs and travel time.

CueZen, a personalization engine for health, will be working with Microsoft Azure Health Data Services to revolutionize the healthcare industry. The collaboration aims to leverage CueZen’s generative AI technology for health, and Microsoft Azure’s cloud services to provide more personalized patient engagement solutions..

Global FemTech News


Maven Clinic, a leading virtual clinic for women’s and family health, has released a study’s findings that examine the present state of fertility patient care. The report drew on the feedback of 500 women in the US who either pursued or considered fertility treatment, and it revealed that patients often lack crucial financial, emotional, and clinical support throughout their fertility journey.

The human performance company Whoop has introduced a new stress monitor feature and breathwork protocols in partnership with American neuroscientist Andrew Huberman. Stress monitor aims to closely track daily stress levels in real-time through continuous heart rate variability (HRV) and resting heart rate measurements, coaching members to manage physiological stress.

Luxury wellness brand OTO has acquired UK-based South West Brands, the company behind female wellness brand FEWE, and LoveMeMeMe, a Gen-Z beauty brand. The two companies are joining forces to create the newly formed OTO Group, a new female-founded global CPG group of lifestyle brands.

FemTech India Partner Company News:

HummCare partnered with Sagility India, a leading business process management company to become their benefits partner.

Sirona Hygiene’s Medical Expert Dr Aarushi Kehar visited Women Development Cell of Motilal Nehru College – University of Delhi to conduct and educational session on “Menstrual Hygiene and Sustainable Menstruation” where over 50 people were trained about the usage of menstrual cups.

Newmi’s co-founder Sanchit Agarwal held a talk along with Karthik Sharma – Chairperson of Young Leaders Council AIMA to talk about the need for women at the workplace and the need for organizations to look into women’s benefits as part of their employee benefit plans.

Drugs, Diagnostics, and Pharma:

Sun Pharmaceutical Industries Limited announced that one of its wholly-owned subsidiaries has launched a novel ophthalmology treatment, Cequa, in India for patients who have dry eye disease (DED) with inflammation, a commonly occurring condition. Cequa is the first dry eye treatment available in India that is delivered with nanomicellar (Ncell) technology.

Eli Lilly and Company and Amphastar Pharmaceuticals, Inc. have entered into a definitive agreement for Lilly to divest Baqsimi worldwide to Amphastar, a global pharmaceutical company focused on developing, manufacturing, and marketing injectable, intranasal, and inhalation products including experience with a glucagon product.

MIT researchers have developed a wearable patch that applies painless ultrasonic waves to the skin, creating tiny channels that drugs can pass through. This approach could lend itself to delivery of treatments for a variety of skin conditions, and could also be adapted to deliver hormones, muscle relaxants, and other drugs.

Government News:

The Union Cabinet, chaired by the Prime Minister Narendra Modi, on April 26 approved the National Medical Devices Policy (NMDP), 2023, with an aim to help the growth of the sector from the present $11 billion to $50 billion in next five years. The policy aims to put in place a comprehensive set of focus areas for growth of the sector in a coordinated manner.

Prime Minister Narendra Modi inaugurated the 6th edition of Advantage Healthcare India (AHCI) 2023, a G20 co-branded event through a video message. With the theme of ‘One Earth, One Health’, the purpose of the two-day AHCI event is to showcase India as the new hub of Medical Value Travel and its emergence as a major hub for world-class healthcare and wellness services.

Research, Insights, and Market Projections:

Researchers from Tel Aviv University have presented a new approach to the treatment of ovarian cancer using RNA-based nanodrugs, demonstrating an 80 per cent survival rate in lab models. In a study, published in the scientific journal Science Advances, the protein CKAP5 (cytoskeleton-associated protein) was used for the first time as a therapeutic target for RNA-based nanodrugs.

Patients undergoing fertility treatment lack critical financial, emotional, and clinical support, a new report has found. The report, conducted by Maven Clinic, examined 500 women from the US who pursued or considered pursuing fertility treatment and found that 97 percent of them did not have all the information needed when first considering treatment.

Pristyn Care a healthcare service provider and Indeed, a job site in a joint study revealed that there has been a rise in demand for healthcare professionals in India with a 22.4% increase in job postings since January 2021 to January 2023.

Jobs on Board:

Sirona is looking for Executive – Government Sales. Sirona is an ecosystem for menstrual and intimate hygiene products.

Allo is looking for a Customer Relationship -Inside Sales. Allo is India’s first digital health clinic for sexual well-being.

Baesic is looking for a Program Coordinator. Baesic is a menstrual hygiene products company.

Newmi is looking for a Corporate Sales Manager. Newmi is India’s first and largest phygital ecosystem focused on women’s health and wellness.

Today’s newsletter is brought to you by Navneet Kaur and Jayant Pal Singh

The Best of FemTech: Get the Latest Updates in Our Weekly Newsletter


Leave a Reply