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HealthifyMe raises $30 million in pre-series D round via convertible notes
Money Control
·
2y ago
Medial
HealthifyMe, a health and fitness startup, has successfully raised $30 million in a pre-Series D funding round through convertible notes, according to the article. The investment will be utilized to further expand HealthifyMe's product offerings, enhance its AI-powered health coaching platform, and drive growth in international markets. The funding round was led by new and existing investors, demonstrating confidence in the company's potential.
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Exclusive: Arya.ag To Raise $29 Mn Funding From Blue Earth Capital, Others
Inc42
·
1y ago
Medial
Arya.ag, an agritech startup, is raising $21 million in a pre-Series D funding round. Existing investors Asia Impact SA and Quona Capital will also be participating. The company is considering additional funding, including a debt round and a larger Series D round later this year. In FY24, Arya.ag reported a profit of INR 17 crore on a revenue of INR 360 crore.
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Healthify raises $20 Mn, aims for US expansion
Entrackr
·
9m ago
Medial
Health and fitness platform Healthify (formerly HealthifyMe) has raised $20 million in fresh capital as part of a $45 million equity round. This round was led by Khosla Ventures and LeapFrog Investments, with new participation from Claypond Capital, the family office of Indian healthcare billionaire Dr. Ranjan Pai. In June 2023, Healthify raised $30 million in a pre-Series D round, which included $5 million in venture debt The fresh capital will fuel Healthify’s expansion into the US market and enhance its AI-driven nutrition and fitness coaching capabilities, the company said in a press release. Healthify has raised a total of $125 million in equity financing to date. Prior to this, the company secured $75 million in Series C in July 2021 from Khosla Ventures, LeapFrog Investments, Sistema Asia Fund, and Chiratae Ventures. Launched by Tushar Vashisht, Sachin Shenoy, and Mathew Cherian, Healthify uses a combination of software, wearable devices, and fitness trainers to help people reach their fitness goals. It claims to have served over 40 million users and is expanding its presence across 300 cities in India. According to Healthify, its AI capabilities are being tailored for new markets like the US, with features that accommodate local languages, food preferences, and cultural habits. In addition to its consumer app, Healthify has a B2B vertical focused on corporate wellness, with partnerships in the diagnostics, insurance, and pharmaceutical industries. On the financial front, Healthify’s Indian operations have reached operational profitability, and the company expects to be EBITDA-positive by the end of the fiscal year. While the firm has yet to file its annual report for FY24, it registered Rs 229.71 crore in revenue for FY23 with a Rs 142 crore loss.
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Healthify Raises $20 Mn For US Expansion
Inc42
·
9m ago
Medial
Healthify has concluded its Pre-Series D funding round at $45 million, which will be used to expand globally, particularly in the United States, and enhance its artificial intelligence capabilities. The startup reported operational profitability in India and aims to achieve positive earnings before interest, taxes, depreciation, and amortization (EBITDA) by the end of fiscal year 2025.
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Healthify Fires 150 Employees In A Restructuring Exercise
Inc42
·
1y ago
Medial
Indian healthtech startup Healthify (formerly healthifyme) has laid off around 150 employees, or 27% of its workforce, in a restructuring aimed at making its India business EBITDA profitable and expanding its offerings in the US market. The majority of the job losses affected sales and product teams. The impacted employees have been offered severance pay, extended insurance coverage, accelerated stock vesting periods, and leave cash encashment. The layoffs come after Healthify raised $30m in a pre-Series D funding round last year. The company's net loss declined in FY23, while revenue from operations increased by 23% from FY22.
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Exclusive: Propelld to raise $30 Mn from WestBridge and Stellaris
Entrackr
·
3m ago
Medial
Exclusive: Propelld to raise $30 Mn from WestBridge and Stellaris Propelld, an education-focused lending platform, is set to secure Rs 260 crore (around $30.5 million) in its Series D round led by WestBridge Capital with the participation of Stellaris Venture Partners. Propelld’s board passed a special resolution to allot 20,732 Series D compulsory convertible preference shares (CCPS) at an issue price of Rs 1,25,408 each to raise the aforementioned sum, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Westbridge Capital will invest Rs 240 crore ($28 million) via Setu AIF Trust, Konark Trust, and MMPL Trust while Stellaris Venture Partners will contribute Rs 20 crore. The investment will be utilized to meet the company’s working capital needs and capital expenditure for business expansion, the filing added. According to Entrackr’s estimates, the company is valued at around Rs 860 crore or $101 million post-allotment. Founded in 2019 by Bibhu Prasad Das, Victor Senapaty, and Brijesh Samantaray, Propelld provides education loan financing through 'Study Now, Pay Later' products and Income Sharing Agreements (ISA) via its NBFC arm. The company also offers collateral-free education financing options. Following the latest fundraise, WestBridge will hold a 46.9% stake in the company while Stellaris Venture Partners will hold a 15.69% stake. Propelld competes with other education loans-focused fintech startups like Leap Finance and Grayquest.
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Ola Electric raises ₹1,700 cr debt ahead of IPO
Inshorts
·
2m ago
Medial
Ola Electric has secured board approval to raise ₹1,700 crore via non-convertible debentures, marking its first major financial move post-IPO filing. The funds will fuel production expansion, R&D, and its Gigafactory in Tamil Nadu. This strategic debt raise boosts market confidence, preserves equity, and positions Ola to accelerate its EV dominance before the anticipated IPO.
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Daily Indian Funding Roundup: June 6, 2025
StartupTalky
·
2m ago
Medial
On June 6, 2025, several Indian startups secured funding, reflecting the market's diverse and dynamic nature. Fintech company Decentro raised INR 30 crore in a Series B round, led by InfoEdge Ventures, and plans to shift its holding company to India. Wellness startup Biopeak secured $3 million in seed funding to expand its longevity science R&D. Social-commerce infrastructure firm Kosmc AI also received undisclosed pre-seed funding to build its platform for supporting social selling.
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Plant-based kids’ clothing brand Kidbea raises $1 Mn led by VCats
Startup News FYI
·
1y ago
Medial
Kidbea, a bamboo-based kids' fashion brand, has secured $1 million in a pre-Series A funding round led by Venture Catalysts. The round also included participation from Agility Ventures, BestVantage Investments, and notable individuals including founders of Droom and a celebrity actor from Japan. The funds will be utilized for marketing, team expansion, operational improvements, R&D, and technology. Kidbea aims to become a Rs 500 crore brand within the next three years and has witnessed significant revenue growth in FY23.
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All Things Baby, Ikin Global, BitSave, DevX secure early-stage cheques
VCCircle
·
8m ago
Medial
Indian companies All Things Baby, Ikin Global, BitSave, and DevX have secured early-stage funding. All Things Baby, a platform for mother and baby products, raised Rs 30 crore ($3.6 million) in a Series A funding round led by Inoventures and Richa Choksi. Ikin Global, an IoT smart lock brand, raised $1 million in a pre-Series A round, led by Unicorn India Ventures and Callapina Capital. BitSave, a crypto investment platform, secured an undisclosed amount in a pre-Series A round, led by Leo Capital. DevX, specializing in headless commerce solutions, secured pre-seed funding led by Avinya Ventures.
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Bira 91 closes $50 Mn round from Kirin Holdings and Tiger Pacific
Entrackr
·
1y ago
Medial
Craft beer maker Bira 91 has raised $25 million via ECB (External Commercial Borrowing) from its existing investor Kirin Holdings. With this infusion, the firm has mopped up $50 million in the past three months. It raised $25 million from Tiger Pacific Capital in March. The board at Bira has passed a resolution to raise $25 million via ECB (external commercial borrowings) from Kirin Holdings in two tranches of $12.5 million each, its regulatory filing accessed from the Registrar of Companies shows. According to the filings, Bira91 has also given the option to Kirin Holdings to convert that above-raised ECB into Series D CCPS. Tiger Pacific had reportedly acquired 4% stake in Bira 91 and the company was valued at around $600 million pre-money. Entrackr’s sources also added that Bira 91 raised nearly Rs 100 crore ($12 million) via non-convertible debentures in the last four months. Bira 91 has raised around $350 million to date including its $70 million Series D round led by Japanese integrated beverages company Kirin Holdings in November 2022. According to the startup data intelligence platform TheKredible, Peak XV (formerly Sequoia Capital) was the largest external stakeholder of Bira 91 with 24.83% followed by Kirin Holdings which owned 21.25% of the company as of its last equity fundraise. Bira 91 produces a range of beer variants, including Bira White, Gold, Bira Blonde, and Boom Super Strong, among others. The company operates in more than 1,000 towns across 25 countries and brews its beer at six manufacturing units in India. While the company is yet to disclose its last fiscal numbers, Bira 91 achieved a 17% year-on-year growth in its scale during FY23 and its revenue neared Rs 850 crore. It also incurred a loss of Rs 446 crore during the fiscal year ending March 2023.
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