India Digest: Fashion site Fynd, health-tech firm LetsMD raise funds

Team Fynd

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).

Also Read:

Health Tech startup LetsMD raises angel funding

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.

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.