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Startup Funding

Urban Harvest acquires gourmet food brand Cocosutra in Rs 2.5 crore all-cash deal

Urban Harvest, a rapidly growing B2B fresh-produce and food supply company, has announced the acquisition of premium gourmet food brand Cocosutra in a Rs 2.5 crore all-cash deal. The acquisition strengthens Urban Harvest’s value proposition by expanding its portfolio into high-margin, value-added food products while deepening penetration across its existing restaurant and HoReCa network. Speaking on the strategic rationale behind the acquisition, the company said that integrating Cocosutra into the Urban Harvest ecosystem will enable it to offer superior- quality, value-added gourmet products at more competitive price points than market alternatives, while leveraging its strong distribution footprint. Commenting on the acquisition, Sidhantt Suri, Founder & CEO, Urban Harvest & DeliverIt, said, “This acquisition reinforces our commitment to delivering greater value to our restaurant partners. With Cocosutra, we will be able to provide a wider product basket, deeper category penetrati...

Indian Startup News · Jan 6
Startup Funding

Oil India open to more investment in Venezuela, targets higher production in FY27

Oil India CMD Ranjit Rath said the company may increase investment in Venezuela’s Carabobo oil field if production ramps up and confirmed there are no dividend issues linked to sanctions. He said most Russian dividends have been received, drilling activity has increased sharply, and production is expected to rise in FY27. The expanded Numaligarh refinery has begun commissioning, with partial utilisation expected in its first year.

CNBC TV18 · Jan 6
Startup Funding

Integrated managed care provider Even Healthcare raises $20 million from Lachy Groom, Alpha Wave

Even Healthcare, a homegrown integrated managed care provider, has raised $20 million in a new funding round led by existing investors like Lachy Groom and Alpha Wave, and joined by new investors like Sharrp Ventures. The round brings Even’s total funding to $70 million and more than doubles the startup's valuation in under 12 months. Even Healthcare will use the capital to expand its hospital footprint in Bengaluru and scale its managed-care model, which is designed to optimise patient recovery and outcomes rather than hospital utilisation. Care teams remain accountable across the full patient journey, from early access through 24/7 teleconsultations and coordinated diagnostics to hospitalisation when needed and structured recovery support at home, helping prevent avoidable complications and admissions. With this announcement, the startup also reported that its first hospital reached operating break-even in under six months. Commenting on the news, Mayank Banerjee, Co-Founder, Even...

Indian Startup News · Jan 6
Startup Funding

ISRO Ex-Chairman Somanath Proposes Mysuru as India’s Startup Lab

He emphasised collaboration between startups and research labs and the need for hands-on experience in AI, quantum computing and biotechnology. The post ISRO Ex-Chairman Somanath Proposes Mysuru as India’s Startup Lab appeared first on Analytics India Magazine .

Analytics India Magazine · Jan 6