India Dealbook: Tailoring service provider Urban Tailor, healthcare startup HEAL raise funds

By Ishita Russell

July 13, 2016

Unitus Seed Fund has invested in e-tailoring service provider Urban Tailor, while high profile investors Jaspal Bindra and Parth Jindal have invested in sports healthcare startup HEAL Institute.

Unitus Seed Fund backs Urban Tailor

Early-stage investor Unitus Seed Fund has invested an undisclosed amount in e-tailoring service provider Urban Tailor, according to a Times of India report. B.S. Nagesh, former MD of Shoppers Stop, also participated in the round.

The Bengaluru-based company, which was started in 2015 by Vasudevan T, provides tailoring services through its network of aggregated tailoring units. It currently offers services across Bengaluru and claims to have over 20,000 customers. The platform plans to expand to three more cities by the end of this year.

“As a retailer, I see two trends ­ while offline and online sales of garments continues to be on the rise, a big chunk of ready-made apparel doesn’t always fit the customer well. The market for ready to stitch fabric hasn’t dipped. There is a huge opportunity to become a branded service for tailoring and alterations,“ said Nagesh.

Jaspal Bindra, Parth Jindal invest in sports healthcare startup HEAL

A clutch of investors including former Standard Chartered ace banker Jaspal Bindra and Parth Jindal, son of JSW Group chairman Sajjan Jindal, have invested in HEAL Institute, a sports-focused healthcare startup, according to a report in The Economic Times.

Both the Bindra and Jindal have invested in his personal capacity.

The fresh round of fundraising may see the company raising as much as Rs 50 crore ($7.5 million). Founded in 2012, the firm plans to use the funds for its expansion across major metros.

Also Read:

India: Edu startup Cuemath raises $4m from Sequoia Capital, Unitus Seed Fund

India: Unitus Seed Fund launches second India-focussed fund of $50m

 

 

 

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW