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Nutrabay, Global Care bag early-stage funding

VCCircle

VCCircle · 11m ago

Nutrabay, Global Care bag early-stage funding

D2C retailer of sports nutrition and wellness products, Nutrabay, has raised $5 million in its Series A funding round led by RPSG Capital Ventures. The funding will be used for the company's omni-channel expansion and product innovation. Non-hospital medical tourism company, Global Care, has secured $3 million in strategic investment from 35North India Discovery Fund -II (IDF-II) and its affiliates. This investment will support Global Care in building clinical excellence and facilitating access to high-quality patient care.

Related News

D2C startup funding in India fell 18% in 2024 to $757 million: Report

Economic Times

Economic Times · 3m ago

D2C startup funding in India fell 18% in 2024 to $757 million: Report

In 2024, India's direct-to-consumer (D2C) startups raised $757 million, an 18% drop from 2023 and far below 2022's $1.6 billion, according to Tracxn. This decline results from investor caution amid global economic challenges, market saturation, and high customer acquisition costs. Despite this, organic beauty, online jewelry, and beauty/personal care startups led funding. Bluestone's $71 million funding was notable. Early-stage funding saw growth, while late-stage plummeted by 50%. India ranked second globally in D2C funding.

Nutrabay Bags $5 Mn To Tap On Supplement Offerings

Inc42 · 11m ago

Nutrabay Bags $5 Mn To Tap On Supplement Offerings

Nutrabay, a supplement retailer founded in 2017, has secured fresh funding for its omni-channel expansion and product innovation. The company offers a variety of supplements from over 100 brands, including its private label products. In FY24, Nutrabay reported a significant 80% yearly growth compared to FY23.

Fuze, Salt Oral Care secure early-stage funding

VCCircle

VCCircle · 3m ago

Fuze, Salt Oral Care secure early-stage funding

Digital assets startup Fuze and wellness brand Salt Oral Care have secured early-stage funding. Fuze raised $12.2 million in Series A funding from Galaxy and e&, focusing on expansion, innovation, and compliance. Founded in 2023, Fuze offers digital assets infrastructure for financial institutions. Salt Oral Care received $1 million in pre-Series A funding from Lotus Holdings to boost product innovation, R&D, and marketing. It provides food-grade, chemical-free oral hygiene products.

E6Data, Llumo AI and Salt Oral Care bag early-stage funding

VCCircle

VCCircle · 10m ago

E6Data, Llumo AI and Salt Oral Care bag early-stage funding

Data infrastructure startup e6Data, Llumo AI, and luxury oral beauty brand Salt Oral Care have all secured early-stage funding to support their expansion plans. e6Data raised $10 million in a Series A funding round, led by Accel. Llumo AI, a large language model deployment company, raised $1 million in a seed round, while Salt Oral Care received undisclosed seed funding. The funding will be used to enhance customer offerings, develop technology, and expand into new markets, respectively.

Hala Mobility, Mihup, Viraa Care bag early-stage cheques

VCCircle

VCCircle · 9m ago

Hala Mobility, Mihup, Viraa Care bag early-stage cheques

EV-as-a-Service startup Hala Mobility, conversation intelligence platform Mihup, and health-tech startup Viraa Care have secured early-stage funding. Hala Mobility raised INR 51 crore ($6.8 million) in pre-Series A funding to expand its electric vehicle fleet and footprint in India. Mihup secured INR 50 crore ($6.7 million) to accelerate its growth and enter new markets. Viraa Care raised $108,000 in pre-seed funding to develop a comprehensive childcare system focused on infant nutrition.

Optimized Electrotech, Cura Care, SportsSkill secure early-stage funding

VCCircle

VCCircle · 3m ago

Optimized Electrotech, Cura Care, SportsSkill secure early-stage funding

Optimized Electrotech, Cura Care, and SportsSkill have secured early-stage funding for their respective innovations. OEPL received $6 million in Series A funding, focusing on imaging surveillance technology for defense and space. Cura Care secured Rs 5 crore in a pre-seed round for enhancing at-home dental hygiene services. SportsSkill obtained pre-seed funding for a sports training app, aiming for international expansion and collaborations within India. These investments will support product development and market growth efforts.

Fireside Ventures extends early-stage funding to two startups

VCCircle

VCCircle · 1y ago

Fireside Ventures extends early-stage funding to two startups

Fireside Ventures has provided early-stage funding to two startups. Happi Planet, a home care products brand, raised $1 million, which will be used to expand its online presence and physical reach. Meanwhile, fintech startup PocketATM raised $400,000 in a pre-seed funding round to enable local stores to become cash dispensing touchpoints. Lastly, ice cream brand Frubon secured funding for growth and expansion of its product offerings.

D2C retail brand Nutrabay raises $5 Mn in Series A

Entrackr

Entrackr · 11m ago

Direct-to-consumer retail brand Nutrabay has secured $5 million in Series A funding round led by RPSG Capital Ventures along with participation from Kotak Alternate Asset Managers Limited. This is the maiden institutional funding round for the Gurugram-based company. The proceeds will be used for the omni-channel expansion and ramp up new product innovation, Nutrabay said in a press release. Co-founded in 2017 by Sharad Jain, Shreyans Jain, And Divya Prakash Jain, Nutrabayoperates as a direct-to-consumer multi brand retail store housing over 100 brands along with its own private label products under the name of Nutrabay. The private label brand products are sold across its D2C website, all major eCommerce websites and offline supplement stores. According to market research, the Indian nutritional supplements market is expected to hit a valuation of $28.70 billion by 2032, at 10.7% CAGR growth. Nutrabay aims to build one large horizontal brand that spans across 3 pillar categories of sports nutrition, VMS and health food & drinks. The company says that it currently houses over 70 products and saw 80% growth in FY24 over FY23. It intends to add over 50 new products to the portfolio by the next financial year. As per startup data intelligence platform TheKredible, Nutrabay saw 4.66X revenue growth in its operating revenue to Rs 89.53 crore in FY23 from Rs 19.24 crore in FY22. Its losses increased to Rs 5.8 lakh in FY23 from a profit of Rs 32.41 lakh in FY22. Nutrabay competes with HealthKart, Optimum Nutrition, My Protein, and MuscleBlaze, among others in the category.

HostBooks, Crown Vet raise early-stage funding

VCCircle

VCCircle · 7m ago

HostBooks, Crown Vet raise early-stage funding

In early-stage funding news, two companies have raised funds. HostBooks, a SaaS-based accounting startup, raised $5 million in its $15 million Series B funding round from Orange Orbit. The funds will be used to expand its AI product suite and strengthen its team. Crown Vet, a pet care platform, received a minority investment from Mars Veterinary Health, facilitating its expansion and advanced training for its employees.

ETtech Deals Digest: Startups raise $796 million in February; down 1.2% on-year

Economic Times

Economic Times · 5m ago

ETtech Deals Digest: Startups raise $796 million in February; down 1.2% on-year

In February, startups secured $795.7 million across 94 funding rounds, marking a 1.2% decline from the previous year's $805 million. Notably, Myntra received $81 million from Flipkart. Although funding decreased by nearly 30% compared to January, early-stage startups attracted significant attention, raising about $356 million. Key deals included Bridgetown Research securing $19 million and MOC Cancer Care raising $18 million. HiWiPay also raised $2 million to expand its payment operations.

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