India Dealbook: Health startup Growfitter, social venture Hungry Foal raise funding

Photo: Reuters

Health and fitness discovery platform Growfitter has raised $600k in a pre-Series A round of funding even as Gurugram-based Hungry Foal, a for-profit social venture, has raised debt funding from State Bank of India under Stand up India Scheme.

Growfitter gets $600k funding from VC SQue Capital

Health and fitness discovery platform Growfitter has raised $600k in a pre-Series A round of funding from San Francisco-based VC SQue Capital.

As a part of the deal, Karan Chellani, partner SQue Capital will join the board of the company and Mukesh Makhija, the managing partner of Grace Capital Venture, will join Growfitter as an advisor, according to a report in Inc42.

Started in 2015 by Sanmati Pande and Harshit Sethy, Grofitter aims to provide an incentivised wellness programme.

Hungry Foal secures debt funding from SBI

Hungry Foal, a Gurgaon-based for-profit social venture, has raised debt funding from State Bank of India under Stand up India Scheme. The amount was not disclosed.

Hungry Foal was launched in 216 by Japna Rishi Kaushik and Vivek Kaushik. It is approaching the issue of malnutrition from an innovative, sustainable and scalable way.

“With this funding, the company will increase presence to 1,000 stores in the next three months. To cater to the growing demand, the company will launch product SKUs targeting the middle and upper middle class,” said Vivek Kaushik, CEO, Hungry Foal.

Also Read:

India Dealbook: GyanDhan, MaxMyWealth, BHIVE, Ftcash raise funding