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Funding Roundup: FeetApart, Roadhouse Hostels, Loanzen & more


FeetApart raises funding from Vishal Bali

Bangalore-based fitness startup FeetApart Wellness has raised an undisclosed amount in angel funding from Vishal Bali and a bunch of unnamed investors, reports Techcircle. FeetApart was founded in 2014 by Abhishek Roy and Ashrith G. Roy and is an app-based social network for employees that offers suggestive fitness activities, goals and challenges. The employee’s organisation rewards users for achieving personal milestones and winning competitions.


Roadhouse Hostels secures undisclosed funding from IAN

Travel & tourism startup Roadhouse Hostels has raised an undisclosed amount of investment from Indian Angel Network (Ambarish Raghuvanshi and Vikas Kuthiala), reports Livemint. The Goa-based startup was founded in 2014 by Uday Jhamb, Shubham Garg and Rajesh Borah. Apart from setting up new properties, Roadhouse will use the funds to build its brand, expand its team and enhance technology. The company offers AC dormitories, bunk beds and Wi-Fi costing Rs 400-500 a day on an average. It currently claims to have two hostels with a total of 80 beds in Goa and Jaipur and plans to add five such properties in Kerala and Himachal Pradesh by the end of this year.

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Loanzen secures undisclosed amount of funding from Traxcn Labs

Financial services startup Loanzen has raised an undisclosed amount of seed funding from Tracxn Labs and other Angels through, reports NextBigWhat. Bangalore-based Loanzen was founded in September 2015 by Madhu Sudhan. The startup helps businesses without collateral, or businesses that are less than 3 years to meet short term cash-flow gaps by offering them short tenor loans. The fresh funds will be used in building the tech and data infrastructure that will be required to address the market.


Funcart raises $70,000 in seed funding from a clutch of HNIs

Delhi-based service provider startup Funcart has raised $70,000 in seed funding from a group of High Net-worth Individuals, reports NextBigWhat. The startup was launched in March 2015 by Ritika Nangia. and provides all kinds of party supplies.  The fresh funds will be used to expand the business by adding personalization features and more products, as well as in advancing its technology.

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EduBridge raises $2.5 million in series A funding

Education-tech startup EduBridge that provides skill development to youths in semi-urban and rural areas has raised $2.5 million in a Series A round of funding led by Insitor Impact Asia Fund and existing investor, Acumen Fund, reports Iamwire. The Mumbai-based startup was founded in 2009 by Girish Singhania along with some unnamed individuals. The new capital will be used to expand operations to Gujarat, Odisha, Jharkhand and Bihar. The startup claims to have trained more than 50,000 unemployed youth from rural India over the last five years.

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