Spry Therapeutics has raised $15 million in a fresh funding round from Flourish Ventures, Together Fund and others. In another development, UrjaMobility has raised about $12 million (Rs 100 crore) in a pre-Series A funding round.
Spry Therapeutics raises $15m from Flourish, others
Pune-based software-as-a-service (Saas) company Spry Therapeutics has raised $15 million in a fresh funding round from Flourish Ventures, Together Fund, Fidelity’s Eight Roads, and F-Prime Capital, per an announcement.
With the latest infusion, the company’s total funding stands at $25 million since its launch in 2021. Spry Therapeutics will use the funding proceeds to fuel its expansion across the US market, it said in a statement.
Founded by Brijraj Bhuptani, former CTO of Ola, and Riyaz Rehman, Spry offers an end-to-end solution covering scheduling, electronic medical records, billing, payment processing, and patient engagement.
“Spry’s billing-centric, full-stack platform uniquely addresses the complex business processes in PT clinics, offering a single solution for finance, operations, and patient success,” said Kabir Kumar, Partner at Flourish Ventures. “Spry’s platform directly benefits US physical therapists, from solo practitioners to larger clinics, by addressing the major hurdles of insurance reimbursements and cash flow management that often challenge these clinic owners,” he added.
UrjaMobility raises $12m led by Mufin Green, Hindon Mercantile
UrjaMobility, a battery leasing startup for commercial electric vehicles (EVs), has raised about $12 million (Rs 100 crore) in its pre-Series A funding round led by Mufin Green Finance Limited and Hindon Mercantile Limited, per a company announcement.
The fresh capital will be used to expand UrjaMobility’s solutions in energy consumption and supply chain management, and scale operations, focusing on its unique pay-per-use battery leasing model and its presence in the e-mobility sector.
The funding will also help the company expand its retail footprint by opening new urban centres, especially in tier II and tier III cities, the company said in a statement.
Founded in 2022 by Pankaj Chopra, UrjaMobility allows customers to lease batteries based on kilometres used, offering flexibility and cost-efficiency, thereby facilitating a hassle-free shift to electric mobility. The company aims to raise an additional Rs 250 crore in the first quarter of 2025 to further strengthen its retail network and meet the increasing demand for e-mobility solutions across the country.
