India Dealbook: Health-tech startup Curefit, transport aggregator LetsTransport raise funds

Health tech startup CureFit has raised funds from from Endiya Partners and Bruno Raschle, while transport aggregation services provider LetsTransport has got funding from a clutch of foreign investors.

Curefit raises funds from Brun Raschle, Endiya Partners

Health tech startup CureFit has reportedly raised Rs 6 crore ($937,000) in funding from Bruno Raschle, the managing director of Swiss investment firm Schroder Adveq.

According to startup data provider Paper.vc, Endiya Partners also participated in this round with a Rs 1 crore investment.

Started in 2016 by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori, CureFit, operates an online-offline model of fitness centres in Bengaluru called Cult as well as mental wellness and yoga. It offers health food services.

In August CureFit was reported to have  raised  a new round of funding of $25 million from existing investors Accel Partners, Kalaari Capital, IDG Ventures and UC-RNT fund, a joint investment vehicle of the University of California and Ratan Tata’s RNT Associates.

Last year, the Bengaluru-based firm had raised one of the  largest early-stage funding rounds when it got $15 million from Kalaari Capital, Accel and IDG Ventures.

LetsTransport raises $1.5m from foreign investors

Transport aggregation services provider LetsTransport has now raised Rs 10 Cr ($1.56 million) from a clutch of foreign companies including Japan-based Flex Inc and CBC Co Ltd and Singapore-incorporated KC Investments pte ltd, according to Paper.vc.

It was reported earlier this year that the Bengaluru-based company had raised $4 million in a series A round of funding led by Japan’s payment gateway company GMO. At the time Neelesh Bhatnagar, former CEO of Landmark Arabia, also participated in the round.

Founded in 2015, LetsTransport had raised Rs 8 crore from from Singapore-based Rebright Partners and others in August that year.

The LetsTransport platform provides inter-city aggregation of mini trucks and a few large vehicles across industry sectors like retail, FMCG and ecommerce to meet the elasticity in the demand for fleet.

Also Read:

India: Healthcare startup Curefit raises $25m funding from existing investors

LetsTransport secures $4m funding