Serigen Mediproducts, Medront Datalabs and ODA-class raise funds

Biomedical products maker Serigen Mediproducts and data storage startup Medront Datalabs have raised early-stage funding, while Matrix Partners-backed ODA Class secured Series B funding, the companies announced Thursday.

Serigen Mediproducts has raised Rs 10 crore from IAN Alpha Fund and Collossa Ventures, along with existing angel investors. This is the second bet by IAN Alpha Fund.

Serigen, founded by Anuya Nisal, Swati Shukla and Premnath Venugopalan, develops silk-based medical products with applications in advanced wound care, orthopedics and breast cancer.

The company claims it is the first company in the world to conduct a human clinical trial to demonstrate the utility of silk-based scaffolds in bone repair and regeneration.

ODA class

ODA Class, a Bengaluru-based edtech startup, has secured $500,000 (Rs 4.2 crore) in a Series B funding round. The company counts Skywalker Education Technology (Singapore), Daituzi Education Technology and Matrix Partners China as investors.

With the latest infusion, the edtech startup has raised $12.75 million to date. The newly raised funds will be allocated to several key areas such as digital marketing and AI-driven features within the app, the company said in a statement.

The company reported marginal revenue growth to Rs 65.81 crore in FY24. Founded in 2019, ODA runs live online courses for students from classes 1 to 10.

The funds will be used for product development, growth, user acquisition, DAAS customer onboarding and various expenses, to ensure efficient user acquisition and strong retention, the company said in a statement.

Founded in 2023 by Nitesh Singh and Saurav Suman, Medront Datalabs is a consumer data startup that develops data pods for personal data management. To date, the company claims to have onboarded over 20,000 users and partnered with 20 brands.