Connect with us

News

Travis Kalanick Joins Medical Tech Startup Kareo’s Board Of Directors

Published

on

Travis Kalanick,Travis Kalanick Joins Medical Tech Startup Kareo Board Of Directors,Startup Stories,Inspirational Stories 2018,2018 Best Motivational Stories,Travis Kalanick joins medical tech startup board of directors,Former Uber CEO Travis Kalanick Joins Health Startup Board,Former Uber CEO Latest News,Travis Kalanick joins medical tech startup board of directors

Travis Kalanick, the founder and former CEO of taxi hailing startup Uber, reportedly joined the board of directors for Kareo, a medical health tech startup. Kalanick, who was an angel investor in Kareo, will be joining the board along with author and entrepreneur Rob Reid.

Kareo provides technology enabled solutions to independent medical practitioners and helps with patient communications, payments and marketing. Based in Irvine, California, the company was founded by Dan Rodrigues in 2004 and has raised close to $125 million in venture funding. The company claims to have surpassed $70 million in annual revenue. In 2015, Kareo raised $55 million from health tech fund Montreux Equity Partners along with Silver Lake Waterman and existing investors such as OpenView Venture.

Speaking about the addition to the board, Kareo spokesperson said, “The company has experienced increasing provider growth in the last year and the changes in the healthcare sector now underway further accelerate demand for Kareo’s clinical and business management platform.” The spokesperson further added Travis and Rob each have valuable experience scaling technology businesses and the company is excited to have them contribute to the continued growth and success. With the addition of Kalanick and Reid, the total number of members on the board has risen to eight. Currently, the board members of Kareo include Dan as well as Michael Matley, Managing Director at Montreux Equity Partners.

Kalanick along with Rodrigues previously co founded Scour, a music search startup, in 1997. Axios reported, in a memo Rodrigues wrote to the employees, he said Kalanick has been an “enthusiastic believer in our vision since our inception and he is excited to work with us more directly to bring innovation to healthcare and help us reach out goals for market leadership.

Travis Kalanick was asked to step down as the CEO of Uber in June last year amid multiple controversies. Since his resignations as the CEO, this is Kalanick’s first appointment. However, Travis is still a part of the Uber board.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Amazon India Launches At-Home Diagnostic Service, Expands Healthcare Ecosystem

Published

on

Amazon-Health

Amazon India has expanded its healthcare portfolio with the launch of Amazon Diagnostics, an at-home diagnostic testing service developed in partnership with Orange Health Labs. Now available in six major cities—Bengaluru, Delhi, Gurgaon, Noida, Mumbai, and Hyderabad—the service covers over 450 PIN codes and offers access to more than 800 diagnostic tests. Customers can book tests via the Amazon app, schedule home sample collection within 60 minutes, and receive digital reports for routine tests in as little as six hours, making healthcare more accessible and convenient than ever before.

This launch completes Amazon’s integrated healthcare suite in India, which already includes Amazon Pharmacy for medicines and Amazon Clinic for virtual doctor consultations. By bringing these services together under the Amazon Medical umbrella, the company enables a seamless outpatient journey—from doctor consultation to lab testing and medicine delivery—all managed through a single digital platform. The partnership with Orange Health Labs ensures high-quality, reliable diagnostics, supported by Amazon’s operational expertise and focus on customer trust.

Amazon’s entry into the $15 billion Indian diagnostics market signals a major shift in the country’s health-tech landscape, introducing new competition for established diagnostic players. Rather than competing solely on price, Amazon is prioritizing a seamless, trustworthy experience, aiming to address the growing demand for digital healthcare solutions and simplify access for millions of users across India.

Continue Reading

News

Bhavish Aggarwal’s Krutrim Unveils ‘Kruti’ — An Agentic AI Built for Bharat

Published

on

Kruti

Bengaluru, June 2025 – Krutrim, the AI startup founded by Ola’s Bhavish Aggarwal, has launched its new agentic AI assistant, Kruti. Unlike traditional virtual assistants, Kruti is designed with an Indian-first approach — combining cultural context, multilingual capabilities, and generative AI to offer a more intuitive, task-oriented experience for users.

Kruti is built to do more than just respond to queries — it can independently perform tasks, make decisions, and integrate across platforms for productivity and communication. Powered by Krutrim’s proprietary Indian-trained language model, it brings a deep understanding of local languages and digital behaviors, catering to both personal and business needs in the Indian ecosystem.

Aggarwal described Kruti as “India’s digital brain,” highlighting its role in redefining AI for Bharat. The assistant will be rolled out in phases, starting with enterprise partners and expanding through apps and APIs. As Kruti integrates into various platforms — including Ola’s services — it marks a significant stride in India’s ambition to lead the global AI race.

Continue Reading

News

Bankruptcy Forces BYJU’S to Offload Epic and Tynker for a Fraction of Acquisition Cost

Published

on

BYJU’S StartupStories

BYJU’S, once India’s most celebrated edtech startup, has sold its major US-based subsidiaries Epic and Tynker for a fraction of their original purchase prices, marking a dramatic reversal in its global expansion strategy. The distressed sales, approved by a US bankruptcy court on May 20, 2025, come amid the company’s ongoing financial and legal turmoil. Tynker, a coding education platform acquired by BYJU’S in 2021 for $200 million, was sold to CodeHS for just $2.2 million in cash, while Epic, a digital reading platform bought for $500 million in 2022, was acquired by China’s TAL Education Group for $95 million.

These fire-sale transactions were part of a broader restructuring effort to address disputes with lenders after BYJU’S defaulted on a $1.2 billion loan, which triggered bankruptcy proceedings for its US entities. The company’s US unit, Byju’s Alpha, became the focal point of legal battles, including allegations of mismanagement and the misappropriation of funds by top executives. Court rulings in the US have highlighted instances of fraudulent transfers and breaches of fiduciary duty by suspended directors, further compounding BYJU’S woes.

As BYJU’S scrambles to stabilize its core operations, several of its other high-profile acquisitions, such as Great Learning and Aakash Institute, have started operating independently and distancing themselves from the parent company. The massive losses from the sales of Epic and Tynker underscore the risks of BYJU’S aggressive acquisition spree and the severe impact of its financial mismanagement, leaving the future of the once high-flying edtech giant in question.

Continue Reading
Advertisement

Recent Posts

Advertisement