India Dealbook: BitcoinGrowthFund, ONTHERUN, Healthians get funding

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.

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