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Startup news and updates: daily roundup (May 12, 2026)

Startup news and updates: daily roundup (May 12, 2026)

Your Story 2 days ago

YourStory brings you today's headlines with the latest developments across sectors.

Featured news

What if your health had a CIBIL-like score?

A Hyderabad startup is building it for a decade

When you apply for a home loan, a three-digit number decides your future: CIBIL score. Based on years of repayments and borrowing behaviour, the score gives banks a single honest picture of your financial health. Now imagine the same thing, but for your health.

That's the idea Kiran Kalakuntla had when he founded eKincare in 2014 along with Srikanth Samudrala and Dr. Noel Coutinho . Not the flashy version of digital health, no telemedicine app, no on-demand doctor consultations. Just a quiet obsession with one question: what would it take to build a truly continuous, intelligent picture of a person's health over time?

A decade later, with over 1,200 enterprise clients across 500 cities and 40-45% CAGR over four years, the answer is coming into focus with Hyderabad-based healthtech startup eKincare.

Funding news

SCIKIQ raises $1.5M from Triton Investment Advisors

AI-native enterprise intelligence platform SCIKIQ has raised $1.5 million in funding led by Triton Fund II.

The fresh capital will support the company's global expansion plans, strengthen its AI capabilities, and further scale its platform.

Founded by Gaurav Shinh and co-founded by Rohit Kumar, SCIKIQ is building a global enterprise technology company from India.

Mekr raises Rs 67 Cr in Series A round

Consumer electronics design and manufacturing company Mekr Technologies has raised Rs 67 crore in a Series A round led by Avaana Capital. The round also saw participation from Titan Capital Winners Fund.

The capital will be use for research and development, proprietary tooling, manufacturing automation, supplier localisation, and export readiness.

Founded in 2022 by Anand Yadav and Gaurang Kuchhal, New Delhi-based Mekr Technologies Pvt Ltd positions itself as a full-stack design-and-production platform for consumer electronics and appliances.

HealthQuad invests in AI-based remote patient monitoring platform LifeSigns

HealthQuad, the growth venture arm of Quadria Group, has invested in LifeSigns, an AI-powered remote patient monitoring platform, as part of its focus on backing technology-led healthcare models.

The investment aligns with HealthQuad's strategy of supporting innovations aimed at shifting healthcare delivery from episodic, reactive treatment to continuous and predictive care. The firm said rising patient demand, workforce constraints and cost pressures across health systems-particularly in and beyond major cities-are driving the need for solutions that enable early detection and timely intervention.

LifeSigns uses artificial intelligence to monitor patients remotely, flag early signs of clinical deterioration and support faster medical decision-making. The company has deployed its platform in tier-2 cities and operates on an occupancy-based pricing model designed to improve affordability and scalability.

HrdWyr raises $13M in Series A led by Ideaspring Capital

Bengaluru-based fabless semiconductor startup HrdWyr has raised $13 million in a Series A round of funding led by Ideaspring Capital, with participation from Singularity AMC, Avatar Growth Capital, and Persistent Systems.

HrdWyr said it will use the funding for product development of its AI-native System-on-Chip (AISoC) and expand customer engagements across key global markets.

Founded in 2023, HrdWyr is building AISoCs which are purpose-built for specific industries, enabling intelligent edge processing, superior power efficiency, minimal latency, and streamlined system design.

Other news

C-CAMP announces strategic tie up with Agilent

C-CAMP has announced a strategic tie-up with Agilent to boost access to advanced life sciences innovation in biopharma, biologics and vaccines.

This tie-up marks the second phase of their long-standing collaboration between C-CAMP and Agilent Technologies.

The company aims that this partnership will broaden shared access to advanced analytical and mass spectrometry-based capabilities supporting life sciences and therapeutics research in India.

Zostel expands to 20+ destinations across europe with new hostel partnership

Zostel has partnered with Safestay, one of Europe's largest hostel chains, enabling Zostel's community of nearly three million travellers to book stays at 24 Safestay properties across more than 20 cities in Europe and the UK directly via Zostel.com.

As part of the collaboration, 24 Safestay hostels will be featured on Zostel.com, while 82 Zostel properties will be listed on safestay.com. Together, the two brands will offer access to more than 8,000 beds spanning Europe, the UK, India, Nepal, and Thailand, while continuing to operate independently.

The rollout will begin with around 20 properties going live in the first phase over the next week, with the complete integration expected to be finalized by June 2026.

The partnership is built on a common set of minimum service standards, including guest safety and security, room quality, fire safety measures, equality policies, safeguarding practices, and data protection protocols.

MediBuddy reports first profitable quarter, turns EBITDA-positive in Q4 FY25-26

MediBuddy, the country's largest digital healthcare company, has reported a positive EBITDA in the fourth quarter of FY25-26, marking its first profitable quarter and a key milestone in its push toward sustained profitability.

The company said the performance reflects tighter cost controls, improved unit economics and steady demand for its integrated digital healthcare services. For the full year, MediBuddy reported approximately 20% year-on-year growth, alongside an estimated 15% improvement in its margin profile.

The company also said it reduced its annual cash burn by about 60%, underscoring greater financial discipline and progress toward long-term sustainability.

InCred Capital Integrates Singapore-Based S Cube Capital

InCred Capital has announced the integration of Singapore-based fund management company S Cube Capital into InCred Global Wealth Pte Ltd, subject to regulatory approvals. The move is aimed at strengthening InCred Capital's offshore product offerings and expanding its regulated fund platform in Singapore.

The development follows the company's recent acquisition of Dubai-based Arrow Capital DIFC and enhances its ability to serve investors across the Singapore-GCC-India corridor. S Cube Capital, regulated by the Monetary Authority of Singapore, was founded by senior investment bankers with more than 70 years of combined experience.

InCred Capital currently operates across India, Singapore, Dubai and London, spanning wealth management, asset management and institutional equities, with over ₹1 lakh crore in wealth AUM and around ₹10,000 crore in asset management AUM.

Navi General Insurance expands 'Cashless Anywhere' claims network

Navi General Insurance has announced strategic partnerships with GoMechanic, ReadyAssist, myTVS and AIS Windshield Experts to strengthen its 'Cashless Anywhere' motor insurance claims service across India. The collaborations combine Navi's digital-first claims process with extensive on-ground service support, enabling customers to access cashless vehicle repairs at partner garages nationwide.

ReadyAssist will provide 24x7 roadside assistance across more than 19,000 pincodes and support physical claims surveys. GoMechanic, myTVS and AIS Windshield Experts will facilitate repairs and windshield replacements through their service networks.

Navi said its cashless garage network has expanded from around 710 garages in January 2026 to over 1,600 across 500-plus cities, with plans to increase the network to more than 3,000 garages by June 2026.

Salesforce supports PwD Skilling through GiftAbled Foundation

Salesforce has expanded its support for GiftAbled Foundation to strengthen skilling and employment opportunities for People with Disabilities (PwDs) in India. The company is backing two initiatives - Project LearnAbled and Project ElevateAbility - focused on equipping PwDs with industry-relevant skills, including AI and digital capabilities. Project LearnAbled will offer structured six-month hybrid courses covering Java and JavaScript with AI, employability skills, digital marketing, finance and accounting.

Each course includes soft skills training, expert mentorship and placement support. The programmes aim to create accessible learning environments while encouraging inclusive hiring practices among employers. Salesforce said the initiatives are designed to help PwDs build careers in the evolving AI-driven economy through practical training and stronger pathways to employment.

Tally Education crosses one million learners milestone

Tally Education, the education arm of Tally Solutions, has crossed the milestone of one million learners, reflecting growing demand for job-ready talent in accounting and finance.

The company said the achievement highlights the increasing importance of employer-trusted certifications in improving employability outcomes across India's skilling ecosystem. Tally Education's certification programmes are widely recognised by employers, particularly among MSMEs adapting to GST and digital compliance requirements.

The organisation noted that its structured, outcome-driven training has helped learners secure employment opportunities in finance and accounting roles. Since launching formal certification pathways in 2016, Tally Education has expanded access to learning through a broad network of academic and skilling partners, focusing on practical skills and real-world job readiness for students and professionals.

Even Hospital partners Canara Surgicals for laser-based surgeries

Bengaluru-based Even Hospital has partnered with Canara Surgicals to introduce advanced laser technology-based medical devices for minimally invasive surgeries.

Under the collaboration, Canara Surgicals has deployed its Angelas diode laser system, calibrated at a 1470 nm wavelength, at Even Hospital's facility in Bengaluru. The device will support procedures across several departments including vascular care, interventional radiology, proctology, ENT, cosmetic surgery and gynaecology.

BorderPlus launches national exam to prepare Indian nurses

BorderPlus, a global talent mobility platform, has launched what it describes as India's first nationally standardised entrance examination for nurses seeking international careers.

Branded B.R.I.D.G.E (BorderPlus International Deployment and Global Mobility Exam), the assessment aims to create a structured pathway for Indian nurses to qualify for overseas opportunities, with a primary focus on placements abroad. The company said the initiative is designed to provide a unified benchmark for evaluating international readiness.

The 80-minute examination will be conducted on July 19, 2026, at BorderPlus Finishing School centres in Pune, Kochi, and Noida. Registrations will close on June 30, 2026, with results scheduled for August 10, 2026. The 2026 cohort will be limited to 300 candidates, with additional applicants placed on a waitlist. The exam is open to B.Sc. Nursing and GNM diploma holders, including fresh graduates and experienced nurses, preferably under the age of 35.

SwishX launches agentic AI platform for pharma and medtech companies

SwishX, a Bengaluru-based agentic AI startup founded by former Google and Amazon executives, has launched a platform focused on pharmaceutical and medtech companies. This platform's specialised AI agents capture siloed data, automate business workflows, learn nuances of every decision,, and build a functional memory to help business teams accelerate their execution.

The new platform is aimed at improving the effectiveness of sales, marketing, distribution and business growth through AI. According to the startup, the platform autonomously evaluates thousands of tenders globally, analyses complex documents, recommends the likely winning pricing, and drafts proposals in a short period of time. It also enables quick conversion of long marketing PDFs into personalised video reels for doctors.

Meanwhile, SwishX has raised $2.2 million in seed funding, backed by Powerhouse Ventures, Blume Ventures, Sadev Ventures, Atrium Ventures, and other investors.

The startup is targeting $5 million in contracted ARR and more than 100 clients by FY27 with plans of expansion into Latin America, Southeast Asia, West Asia, Africa, and Eastern Europe.

(This article will be updated with the latest news throughout the day.)

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Disclaimer: This content has not been generated, created or edited by Dailyhunt. Publisher: YourStory