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.

— Mint

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.

2020-02-26

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.