Fashion e-commerce startup Fynd has raised an undisclosed amount of funding from aa group of angel investors, and health-tech firm LetsMD has secured an additional angel funding from WaterBridge Ventures.
Fynd gets funding from Anand Chandrasekaran & others
Fashion e-commerce portal Fynd has raised an undisclosed amount of funding from Snapdeal’s former chief product officer Anand Chandrasekaran; Rajiv Mehta, CEO of Arvind Sports Lifestyle Ltd; and Ramakant Sharma, co-founder of Livspace.
The funding will help the company to further reinforce its unique market stance and to enhance its tech infrastructure to deliver seamlessly on its value proposition, the company said in a press note.
“Early last year, we completed the preliminary testing of our business model and were scaling up our business from Mumbai to nationwide. At that time we realized the need of expertise from industry majors who can actually guide us in building our product and also give us better industry exposure along with continuous feedback on our efforts. Around the same time, Anand, Ramakant, and Rajiv amongst others showed interest in our concept and the company and decided to help us in achieving our goals,” said Harsh Shah, co-founder, Fynd.
Mumbai-based Fynd was founded by Farooq Adam, Harsh Shah, and Sreeraman MG in 2013. The startup is a fashion e-commerce portal which brings the latest in-store fashion online. It directly sources products across various categories including clothing, footwear, jewellery and accessories.
Recently, Fynd launched a new feature called ‘Fynd Store’ to provide retailers an opportunity to increase sales through omni channel user-engagement.
LetsMD receives additional angel funding from WaterBridge Ventures
LetsMD, a health fin-tech platform focused on providing financing to patients for elective surgeries, has received an additional angel funding from WaterBridge Ventures as a part of its angel round raised last month.
The total funding raised by the startup is Rs 3.4 crore ($498k) which will be used to develop technology, build the team, and for marketing, Nivesh Khandelwal, co-founder of LetsMD told DEALSTREETASIA.
Last month, Calcutta Angels Network (CAN); LetsVenture; Anupam Mittal, founder and chief executive of People Group, and Currae Healthtech Fund invested in the company.
Founded in 2015, LetsMD allows users to compare surgery prices of hospitals. Run by Medbay India Pvt Ltd, the marketplace is integrated with a lending functionality through which users can convert a surgery bill into an equated monthly installment (EMI).