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Funding Roundup: FitMeIn, Envoged, YatraGenie & more


FitMeIn raises $100,000 from GHV

FitMeIn, an online platform which provides users memberships of multiple fitness studios in Delhi-NCR, has raised $100,000 in seed funding from Green House Ventures, reports Vccircle. The company plans to expand to other metro cities and launch its Android and iOS app, and has also been selected for GHV’s 12 month acceleration program.

Founded in June this year by Nidhisha Varshney, Lalit Singh and Vishesh Goel, the New Delhi based company claims to have tied up with 250 fitness studios across the capital offering a mix of workout activities such as yoga and pilates, cardio, dance, interval training, martial arts, gym and sports which the users can choose from at subsidized monthly membership fees of Rs 2,499. The company claims to have 80-100 bookings daily and hopes to take it to 1,000 per day by December.


Envoged raises funds from Jackky Bhagnani & others

Online fashion re-commerce platform Envoged has raised an undisclosed amount in seed funding led by Ankush Nijhawan, Manish Dhingra and Gaurav Bhatnagar, with participation from Himanshu Aggarwal, Jackky Bhagnani, Anant Goenka and Alok Mittal, according to NextBigWhat. The funds will be used for the company’s technological advancements and expand its reach.

The Mumbai based startup was founded in March this year by Anandita Singh, Manisha Barnwal and Saahil Narang. The online platform sells previously owned apparel, accessories and footwear from brands such as Gucci, Channel, Prada, Versace, Louis Vuitton and Hermes at prices ranging from Rs 399 to Rs 200,000. The company claims to check the products it receives for quality and determine a realistic re-sale price.


YatraGenie receives funds from Ash Bharadwaj

Online bus and cab booking platform YatraGenie has raised an undisclosed amount in Series A funding from Snapstick founder Ashish Bharadwaj, reports Vccircle. The funding will be used to expand its operations in 100 cities (from the current 21) across Andhra Pradesh, Telangana and Karnataka. Ash Bharadwaj will join YatraGenie as a board member. YatraGenie was founded by Renil Komitla and launched in March this year. The online tourism platform will be adding hotel booking service to its website.


Zapyle raises $1 million in angel funding

Online clothing store for pre-owned luxury wear Zapyle has raised $1 million in angel funding from undisclosed real estate firms and investment companies, reports Vccircle. The funds will be used for hiring, add features to the mobile app and user acquisition.

The Zapyle app enables users to buy and sell used luxury wear from around 3,000 brands in the price range of Rs 800 to less than Rs 100,000 and choose from the picks of fashion bloggers and stylists. The platform also features news from the fashion world. Founded by Rashi Menda in May this year, the platform targets women in the age group 18-30 and charges a 25% commission on the sale value.


CanvasFlip raises $1.2 million from Bessemer

App prototyping startup CanvasFlip has raised $1.2 million in seed funding from Bessemer Venture Partners, reports NextBigWhat. The funds will be used to set up its base in California while expanding its marketing and product team in India.

CanvasFlip was founded by Vipul Mishra and Manish Jha and provides a platform for users to develop animations using HTML 5 without having to learn coding. It offers a 30 day free trial period post which the user can choose from monthly or annual subscription. The premium membership costs $25 per month while the enterprise edition gives the users the option to customize their membership plans.

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