Funding updates

Phable kicks off with $6 Mn.

Phable has begun with its fresh investments from Manipal Health Enterprises which operates US-based accelerator SOSV and Manipal group of hospitals.

Phable, the Bengaluru-based Healthcare services platform has allotted 100 equity shares and 8,425 Series A preference shares at an issue price of Rs 51,246.13 per share to raise Rs 43 crore. Manipal Health has topped the round by putting in Rs 42.61 crore followed by SOSV with Rs 2.92 crore. The startup has raised over Rs 52 crore till now.

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