MobieFit gets pre series A funding of $1.35m from NB Ventures and MediAssist
MobieFit, a Goa-based mobile fitness startup has raised a pre Series A funding of $1.35 Million (Rs 8.85 Crore) led by NB Ventures of Dubai with co-investment from existing investor MediAssist. Founded in 2015, the startup had raised seed funding of $1 million in the same year from MediAssist and included prominent angels Siddharth Parekh (founder of private equity firm Paragon Partners) and Mahesh Murthy of SeedFund. The company currently offers two fitness apps for self-training- Mobiefit Run , and Mobiefit Body– both has celebrity designed or promoted fitness and running plans along with diets and regimes. The startup claims in its statement that, both the apps have crossed 5 lakh registered users, and 750,000 app downloads so far.
HandyTrain raises $1m from NB Ventures
HandyTrain, a mobile SaaS platform for mobile-based corporates training programmes has secured a $1 million investment as a Pre-Series A round from NB Ventures. The startup said that it is actively expanding its offerings globally. Founded in 2015, the startup had raised close to $1 million a year ago from Silver Range Investments, Lumina Datamatics and Shun Yoshida, Managing Director, Merrill Lynch, Tokyo and others. The company said in its statement that it has crossed a lifetime number of paid 35,000 users, and its clients includes companies like Renault, TVS Electronics, Logicash, Spree Hotels and Mahindra Insurance Brokers amongst others.
TempoGO additional funds from Javelin Startup-O Victory Fund
TempoGO, an IoT and SaaS fleet management platform has bagged investment of $250,000 from Javelin Startup-O Victory Fund, after winning a startup competition by Singapore-based investment platform Startup-O. Apart from this, it also raised additional funding from Dubai’s NB Ventures, and K2 Capital. This raises the quantum of TempoGO’s seed funding to over $ 1.35 million. The startup said in its statement that it has been revenue positive since inception as it makes money on every installation. It added that it has been registering growth of 50% to 100% in month-on-month revenues this financial year, and is expecting to double the growth within the next two quarters.
eShakti secures debt funding of $2.3m from Blacksoil
Online women’s apparel retailer eShakti.com has raised debt funding of $2.3 million from non-banking finance BlackSoil Capital Pvt. Ltd, reports VCCircle. The online publication reports that the company will use the fresh capital to expand its operation and will introduce new fashion products. The Chennai-based company makes and sells custom-designed clothing in US and Canada, and operates an Indian women’s apparel e-tail unit called Zapple in the country. eShakti was founded by BG Krishnan in 2001. It was initially positioned as a lifestyle products firm for Indians in US, but later changed its business model to focus on customization. eShakti first creates a virtual garment based on the measurements provided by the customer and digitally drapes it on a 3D image to asses the fit of the garment. The actual garment is made post this process and is directly shipped to customers. The company has design teams in both US and India. The company is backed by IvyCap Ventures, and IDG Ventures India.
Rentickle raises $4M from Ajay Relan and ThinKuvate
Rentickle, a platform to rent lifestyle products such as furniture, has raised funding of $ 4 million led by Ajay Relan, chairman of VC firm CX Partners, and Singapore-based ThinKuvate. The company will used the funds for business, geographical and product category expansion. Founded in 2015 by Amit Sodhi and Vineet Chawla, the company offers furniture, home appliances, etc on rent, and currently operates in Delhi, Noida, Gurgaon and Hyderabad.