Kstart, a unique seed program by India’s leading VC firm Kalaari Capital, has invested $100,000 in
Advenio Technosys and $500,000 in
GuaRented.
Advenio aims to provide artificial intelligence, deep learning, and machine learning-based computer assisted detection (CADx) for diagnostic clinical imaging. Their vision is to bring equitable healthcare to the masses. The smartphone-based software solution can be scaled across various healthcare specialties, and drastically reduces the cost of diagnostics. Advenio, founded by Mausumi Acharyya, is the winner of the #StartupGirlsChallenge conducted by Kstart last quarter.
Mausumi Acharyya, Founder & CEO, has a PhD in Medical Imaging from the University of Pennsylvania, and was previously a lead engineer at GE and senior member of Technical Staff at Siemens. Advenio has received grants from such respected industry bodies as BIRAC, the Bill and Melinda Gates Foundation, and IIM A. They were recently in the news for making it to the global finals of Start Tel Aviv, and will join founders from 22 other nations at the event.
“Our vision is to apply next-generation machine intelligence techniques to create disruptive, affordable & consistent point-of-care diagnostic solutions for healthcare delivery systems, especially in low/middle income countries, thus enabling better healthcare outcomes through early detection and management of diseases. We are excited to be supported by Kstart in accomplishing this vision” said Mausumi Acharyya, CEO Advenio Technosys.
GuaRented is a rental marketplace that caters to the fast growing community of people not looking to own things, either due to financial constraints or simply because they are constantly on the move and desire an asset-light lifestyle. Committed to the ‘asset-light’ approach, the company themselves have structured their business on minimal inventory ownership. Instead, a crowdsourcing model has allowed them to invite individuals to bear ownership of the appliances, while they manage the operations and rentals. The idea has the potential to disrupt the ownership model for home appliances in India and other segments subsequently – especially optimizing unit economics by renting used appliances.
“A lot of people are eventually going to shift from buying to renting in the future. The change has already started. We aim to create an affordable and dependable service for such people. At the same time, we are creating a whole new asset class for individuals to invest their money in.” said Harshwardhan Raikwar, Founder & CEO, GuaRented.
“The commitment that the Kstart team have towards the success of their portfolio companies is unparalleled. Even before investing in us, they started working hands-on in helping us solve even the most basic problems. They are more entrepreneurs than investors, which is what differentiates them from the others. We are looking forward to their continuous support” added Abhimanyu Dixit, Founder & CTO, GuaRented
“We are excited to support disruptive solutions like Advenio and GuaRented at Kstart. I am glad that we have been able to attract such a diverse set of companies, in such a short span of time. ” says Vani Kola, MD, Kalaari Capital.
