Healthtech startup Sugar.fit has secured an additional $5 million in a Series A round, while debt relief startup FREED has raised $7.5 million in fresh funding.
Sugar.fit bags $5m in Series A funding
Healthtech startup Sugar.fit has secured an additional $5 million in Series A funding led by B Capital, per an announcement.
The round also saw participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.fit (now Cult.fit), the startup said in a statement.
In October last year, the startup had raised $11 million in its Series A round led by MassMutual Ventures. The fresh infusion brings the total funding raised by Sugar.fit in this round to $16 million.
The new capital will be used to expand Sugar.fit’s technology stack and product range, increase brand presence, and accelerate research and development in diabetes management, the statement added.
FREED secures $7.5m funding
Gurugram-based debt relief startup FREED has raised $7.5 million in a fresh funding round led by Sanjay Nayar-backed Sorin Investments and early-stage venture fund Multiply Ventures.
The funding also saw participation from Piper Serica Fund and a few others, per media reports.
FREED had last raised $2.8 million in its pre-Series A funding round led by Inflection Point Ventures in May 2022.
Founded in 2020 by Ritesh Srivastava, FREED focuses on outstanding unsecured personal loans and retail credit card repayments. Its offerings include personalised budgeting, spend analytics, repayment simulations using AI and ML, debt pay-off strategies, and credit education.
