Rymo Technologies, Mave Health, and Pinq Polka Raise Fresh Funds

Rymo Technologies Raises INR 10 Cr in Seed Funding Round

Mumbai-based robotic neuro-rehabilitation startup Rymo Technologies has raised INR 10 crore in a seed funding round led by IAN Group through its evergreen fund, with participation from other angel investors.

The startup said the fresh capital will be used to accelerate product innovation, expand manufacturing capacity, and strengthen its presence across India. It also plans to scale operations in international markets, including ASEAN countries and the Middle East.

Founded in 2020 by Chirag Shah and Abhishek Rai, Rymo Technologies develops robotic and AI-driven solutions for physical rehabilitation. Its flagship Mobi-L system is designed to support patients recovering from strokes, injuries, and neurological conditions.

The startup aims to address gaps in neuro-rehabilitation, where access remains limited due to high costs and a shortage of trained therapists, despite rising cases of neurological disorders globally.

Rymo said it has built a technology platform combining patented hardware, proprietary algorithms, and modular design to deliver personalised therapy. It claims over 452 device installations and 354 clinical customers, including AIIMS, Apollo Hospitals, and Manipal Hospitals.

The company added that its systems have supported more than 7,500 patients and delivered over 15,000 therapy hours, with studies indicating faster recovery outcomes.

Mave Health Raises USD 2.1 Mn in Seed Funding Round

Neurotechnology startup Mave Health has raised USD 2.1 million (around INR 18 crore) in a seed funding round led by Blume Ventures, with participation from Inuka Capital, Stanford Angels, founders of Groww, Raymond Russell, Aureolis Ventures, Juhi Bhatnagar, and existing investor All In Capital.

The funding follows its USD 750,000 pre-seed round raised in November 2023.

The new capital will support the launch of its wearable headset in the United States and India, along with scaling manufacturing capabilities.

Founded in 2023 by Dhawal Jain, Jai Sharma, and Aman Kumar, Mave Health builds non-invasive wearable devices aimed at improving focus, mood, and stress regulation.

Its headset uses transcranial direct current stimulation to target the prefrontal cortex through daily 20-minute sessions. The device weighs about 100 grams and can operate for up to a month on a single charge.

The company said early demand has been strong, with limited batches selling out quickly. Interest has also come from global technology leaders and athletes, including Max Griffin.

Pinq Polka Raises INR 4 Cr in Pre-Series A Round

Innerwear and shapewear brand Pinq Polka has raised INR 4 crore in a pre-Series A funding round led by Inflection Point Ventures.

The funds will be used to scale marketing efforts for its shapewear category, strengthen its team, and support working capital requirements.

Founded in 2017 by Manveen Ssharma, Pinq Polka focuses on developing comfort-first innerwear and shapewear products designed for modern women. The Faridabad-based brand aims to address gaps in the segment, where comfort, fit, and functionality are often overlooked.

According to the company, its products are designed to meet everyday lifestyle needs, combining practicality with ease of wear. It targets consumers looking for both comfort and confidence in personal wear.

Pinq Polka said it has expanded its presence in the lifestyle and personal wear segment in recent years. The brand also gained wider visibility after appearing on Shark Tank India Season 4, which contributed to its growth.

The company reported nearly 19-fold growth over the past three years, with revenue rising from INR 1.22 crore to INR 20 crore, driven by demand and product development.