Former Zomato senior executive Mohit Gupta and Myntra founder Mukesh Bansal have raised $26 million in seed money for their omnichannel fashion startup Lyskraft, making it one of the largest early-stage rounds for an Indian startup amid the ongoing funding crunch, according to ETtech report. The round was led by Peak XV Partners, formerly Sequoia…
Health and fitness platform Cult.fit has raised Rs 84.5 crore (around $10.2 million) in a funding round led by existing investor Valecha Investments, which contributed over Rs 36 crore, according to ETtech report. Other participants in the round include Gul Advani of Sun-n-Sand Hotels, who has infused Rs 28.26 crore, Extreme Brands LLP, L&K Wellness…
TelioEV, a Hyderabad-based electric vehicle (EV) charging solutions provider, announced the appointment of Mukesh Bansal as its Chief Technology Officer (CTO). Bansal brings around two decades of leadership experience in IoT and Robotics product solutions and customer engagement, according to a statement. Prior to joining TelioEV, Bansal held leadership positions at Signify Innovations India (formerly…
Phablecare, one of India’s leading Health-tech players focusing on chronic disease management, announced the acquisition of Fused Training, India’s first holistic Type-1 Diabetes health management start-up. Through this acquisition Phablecare will look at strengthening their Type-1 Diabetes vertical, a statement said. Fused Training, based in Noida and led by Sahil Madan, a type-1 diabetic himself,…
Cult.fit, a fitness center chain startup in India, announced it has picked up a majority stake in F2 Fun & Fitness, thereby becoming the master franchise partner for Gold’s Gym in India, according to ETtech report. Cult.fit is a part of Cure.fit Healthcare which recently announced an investment from Zomato taking the company’s valuation to…
Tata Digital Limited, a 100% subsidiary of Tata Sons Private Ltd. has entered into a Memorandum of Understanding for an investment of up to US$75 million in CureFit Healthcare Private Limited, subject to completion of diligence process and other approvals. CureFit Founder & CEO Mukesh Bansal will join Tata Digital in an executive role as…
Bengaluru-based health and fitness startup Cure.fit announced that it has acquired Onyx, a California-based fitness company, to bolster its digital offerings in India. The company said that this would also help improve their international business. Onyx specialises in body tracking technology and personalisation of workout feedback. Onyx is also one of the highest-rated apps in…