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SAM for Qure.ai with Algo on $16m Series B by Sequoia (Feb ‘20)

Healthcare startup Qure.ai has raised $16 million in a funding round led by Sequoia India, it said on Thursday. MassMutual Ventures Southeast Asia, the investment arm of US-based life insurer MassMutual, also participated in the round.


Qure.AI is engaged in the business of providing artificial intelligence solutions to the healthcare sector. With fresh capital infused in the Series B funding round, CEO and Co-founder Prashant Warier expects to further invest into R&D and expand the reach of their solutions along with accelerating their mission to deliver accessible and affordable healthcare.

Update 25 May 2021: Shardul Amarchand Mangaldas & Co. advised Qure AI and Fractal Analytics (the promoter of Qure AI) led by a team including partner Abhishek Guha, principal associate Anwesha Haldar and associate Keegan Pavrey.

Algo Legal advised investors Sequoia via SCI Investments VI and Redwood Trust led by a team of partners Siddharth Manchanda with lawyers Ashwat Malhotra and Mudit Singh Chauhan.


Deal value: INR 117 crores (USD 16 million)

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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