India Dealbook: BitcoinGrowthFund, ONTHERUN, Healthians get funding

By Bhawna Gupta

May 4, 2017

Blockchain firm BitcoinGrowthFund has raised $2 million funding, natural health food startup ONTHERUN has received funding from Milind Soman even as Healthians has secured a funding from Japanese investor Asuka Holdings and others.

BitcoinGrowthFund raises $2m funding

Dubai-based blockchain startup BitcoinGrowthFund has raised $2 million funding as part of its first initial coin offering (ICO) held in Bangkok last week.

BitcoinGrowthFund uses advanced blockchain technology, and issues token for investment. Each digital token represents investors’ investment in the funds and they can buy them under the name MCAPS. Token owners can trade tokens on BitcoinGrowthFund.

The funds collected are then invested in mining of various cryptocurrencies such as DASH, Ethereum, Monero, Litecoin, Zcash and Bitcoin.

Natural food startup ONTHERUN gets funding

ONTHERUN, a natural food startup run by Stayfit Enterprize Pvt Ltd, has received an undisclosed amount of funding from actor and fitness icon Milind Soman.

“From the investment point of view we are already in conversation with Angel investors and aim to raise Rs 20-30 crore in the next three years. He not only comes on board as an investor but also as a brand ambassador,” said Shilpa Phadke, founder and director, ONTHERUN.

ONTHERUN energy bars are currently available in six variants – fig & sate, caffeine rush, prune & raisin, hazelnut magic, ginger crunch, oats and apricot.

ONTHERUN is available in Pune, Mumbai, Goa, Delhi, and Noida through retail outlets like BigBasket, Big Bazaar, and other standalone stores.

Beenext-backed Healthians secures funding from Japan’s Asuka

Healthians, a diagnostics and wellness startup, has secured an undisclosed amount of funding from Japanese firm Asuka Holdings.

Existing investors also participated in the round, according to an Economic Times article.

Last October, Healthians received $3 million in Series A round led by Singapore-based Beenext in which Digital Garage, Beenos and some other undisclosed investors also participated. It is also backed by YouWecan ventures, a fund started by Indian cricketer Yuvraj Singh.

Healthians was founded in 2014 by Anuj Mittal and Deepak Sahni. It aggregates local pathology laboratories on its platform, competes with a number of diagnostics chains, including Dr Lal PathLabs, and SRL.

Also Read:

India Dealbook: Zippserv raises seed round; Parkway ups stake in hospital

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

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