[Funding roundup] iSprout, Healthfab, Rage Coffee, Stage3, others raise capital

[Funding roundup] iSprout, Healthfab, Rage Coffee, Stage3, others raise capital

iSprout raises $4 million in Pre-Series A funding from private investors

Start-up of coworking spaces GarmentiSproutGarment has recently closed a $4 million Pre-Series A funding round from private investors.

A director of “one of India’s leading infrastructure companies” has invested a substantial amount in the funding round, iSprout said in a statement without giving further details. Post-investment, iSprout is 75 percent owned by the four co-founders and the aforementioned investor.

iSprout is looking to raise a $10 million Series A funding round to capitalize on the expansion of the managed office space market. The projected funding will be used for the growth and expansion of its business assets and a large portion of the amount will also be invested to develop proprietary technology to automate critical processes.

Fem-tech D2C Startup Healthfab raises Rs 2.17 Cr in seed round

GarmenthealthfabGarmentBangalore-based femtech startup D2C (direct to consumer), has raised Rs 2.17 crore in a seed funding round led by the Singapore-based company beyond the seed along with other angel investors, namely Goh Ee Fann and Abhijit Dutta.

Healthfab was founded in 2019 with a mission to provide affordable solutions for healthy and sustainable human life. The flagship product of the company is GoPadFree™, India’s first stand-alone reusable menstrual panty, which aims to bring comfort to women and create a more plastic-free society. There is no need to use additional menstrual products such as sanitary pads, tampons or cups when wearing these panties.

In the last 12 months, their monthly revenue and overall customer base has increased fivefold.

Co-founders of Healthfab

Healthfab plans to use this new capital to raise awareness of the benefits of self-contained, eco-friendly, reusable menstrual panties over unsustainable healthcare products. The company also aims to quadruple its sales in the next financial year.

Additionally, the company is considering expansion in Gulf countries such as Oman and Saudi Arabia.

Rage Coffee raises funds from Virat Kohli and enlists the cricketer as a brand ambassador

Garmentrage coffeeGarment, the Delhi-based FMCG company that manufactures, markets and distributes innovative packaged coffee products, has onboarded Virat Kohli as an investor and brand ambassador. Previously, Rage Coffee had raised $5 million of growth capital as part of its Series A funding round led by Sixth Sense Ventures in August 2021.

Athiya Shetty invests in Stage3 social trading platform

Garmentstage 3Garmenta leading community-driven social commerce platform for fashion and lifestyle is now endorsed by the Bollywood actor Athiya Shetty. Athiya will take on the role of creative director for Stage3.

I have always expressed myself through fashion and love being part of the maker economy. I was looking for the right platform through which I could empower others to also start their journey to become a “maker” and I found it with Stage3. I love the fact that they are building a new paradigm for fashion shopping. There is a lot of untapped potential and Stage3 is leading the way in becoming a successful conduit for the next generation of creators. I am delighted to be working with them on this.said Athiya about its connection to the vision of Stage3.

The startup recently raised Rs. 20 crores of notable investors such as Blume Ventures, Inflection Point Ventures, Nueva Ventures, Eragon Ventures, Let’s Venture, Stanford Angels, Ananth Narayanan (Founder, Mensa Brands), Dinesh Aggarwal (CEO, India Mart), and Sashwat Nakrani (Co-Founder, Bharat Pe),

Praan witnesses strong investor interest

Deep tech startup GarmentpranaGarment says it has received strong investor interest and an extended round from global investors Aera VC, Angel Climate Angels investment syndication, Sequoia Scouts in an extension to its pre-seed round. Cool Climate Collective, film director Roshan Abbas and angel Akshat Rajan also participated in the round. The new funding will focus on expanding Praan’s India team, speeding up manufacturing and stabilizing the supply chain.

Founded in 2017 by Angad Daryani, Praan is mitigating urban air pollution through low-cost, filter-free, artificial intelligence-based outdoor air purification systems.

Polygon founder Jaynti Kanani endorses Plutoverse

Plutoversea company operating in the tech and entertainment space, has officially closed its angel investment round and is now backed by one of India’s earliest crypto billionaires, Jaynti Kanani, CEO and co-founder of GarmentPolygonGarment.

With the amount secured, Plutoverse aims to build virtual identities that can co-exist and socialize in the same shared universe and tell inspired and tailor-made stories for Gen Z and Millennials. The investment will also be used to further build the building blocks of the product and prepare it for launch.

Jaynti Kanani, Founder and CEO, Polygon

Fintech startup Credilio raises $4 million

GarmentcredilioGarmenthas announced that it has raised $4 million (Rs 30 Crores) in a pre-series A funding round with a group of investors including Cornerstone Venture Partners Fund (CSVP Fund), Exfinity Venture Partners and Param Capital founder Mukul. Agarwal in his personal capacity.

The capital raised will fuel Credilio’s ambitious plans to meet an ARR of 100Cr by March 2023 and serve 25 million customers over the next 3 years.

The new round of funding will be implemented to strengthen the penetration of Credilio’s loan product by enhancing technological capabilities and harnessing the potential of banks/NBFCs’ evolving API stacks. The capital will also be used to promote the implementation of sophisticated analytical tools and information from credit bureaus to accurately find the most suitable product portfolio that meets the requirements of consumers.

The startup also plans to scale its presence with a stronger focus on tier 2-3 cities and introduce platform access in 7 regional languages. The startup is also committed to upskilling financial advisors so that they are digitally equipped to serve their clients in a more agile environment and transform their investment experience in personal finance products.

EduTech startup Uppskill raises $100,000 from Ok! Acquired

start-up of educational technology, Separation has announced raising Rs 1 crore from Bangalore-based Investment Tech startup, OKAY! Acquired and its investors. This is uppskill’s first institutional round of seed funding.

Co-founded by entrepreneurs Arbab Usmani and Abhishek Kumar GuptaUppskill is a skills-based education platform that changes the way people learn and develop the skills needed to gain jobs or directly help them in their businesses.

The online educational platform intends to use these funds to further develop its technology platform and expand into different training areas such as sales, operations, finance and technology.

YourStory Tech50 Startup KidEx Raises $1M Led by Lead Angels Fund

Gurugram-based edtech startup GarmentKidExGarment raises a total of $1 Mn led by Lead Angels Fund. Other notable investors include top brass from BCG, PayU, 10Club, etc.

TO Your history Tech50 company, KidEx, started in 2020, by IIT Kharagpur Kapish Saraf alumni, Amritanshu Kumar and Gaurav Sengar, is an experiential learning certification platform focused on children aged 5-14 to help them develop life skills real to address $8.5 billion annual talent. shortage problem, estimated in 2030.

The funds would be used for aggressive digital distribution of the company’s products and services to achieve 10X growth in the next 12 months by creating a network of more than a million active children on the platform, the startup said.

Edited by Affirunisa Kankudti
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