FITTR Raises $ 11.5 Million in Series A
Community health and fitness platform Fittr announced that it had raised $ 11.5 million in a Series A funding round. The round was co-led by Dream Capital, the capital arm. -risk and mergers and acquisitions of Dream Sports and Elysian Park Ventures, the private investment arm of the LA Dodgers ownership group. India Surge, the existing investor Sequoia Capital, also participated in the funding round.
The new capital will enable India-based Fittr to accelerate its growth and expansion into new markets, notably North America, the United Kingdom and Singapore, which currently represent 30% of the global turnover of company, while continuing to educate the Indian population on health. and fitness.
“Fittr has always been committed to democratizing fitness and raising awareness of physical, mental and emotional well-being. The investment raised will help us make strategic progress in achieving this goal, ”said Jitendra Chouksey, CEO and Founder of Fittr.
Nikhil Bahel, Managing Partner of Elysian Park Ventures, said: “The fitness market has changed dramatically over the past year, and we believe the demand for digital fitness training will only grow. Fittr’s community model is well positioned to be successful, and we believe it has the potential to become a dominant global fitness and health brand.
ConveGenius raises $ 5 million in venture capital
ConveGenius has raised $ 5 million in venture capital to launch its conversational AI platform, ConveGenius AI in India and global markets. The pre-seed round was led by new investors, BAce Capital, Heritas Capital and 3Lines Venture Capital, as well as existing investor, Michael and Susan Dell Foundation.
Convegenius.AI aims to horizontally extend its products on a Whatsapp ecosystem and other AI-based conversational channels, to serve more customers in different verticals and enable developers to launch their solutions on the platform.
Jairaj Bhattacharya, CEO of ConveGenius Group, said: “We aim to make quality education accessible to middle and low income groups across India and to make quality education accessible to 100 million marginalized children in India. .
Pallab Chatterjee, President of the 3 Lines VC Rocket Fund, said: “ConveGenius has focused on the large, so far unserved market of 235 million students belonging to the first generation of mobile internet users with households. using smartphones and mobile devices for the first time. The focus on mass market users and the democratization of personalized content distribution by creating conversational user experiences for mobile devices has created a niche segment for innovation and value creation.
Sixth Element Finserv launches configuration services in Pune
Sixth Element Finserv has launched ‘Setup Services India’ (SSI), a one-stop-shop financial services solution for next-generation entrepreneurs to facilitate their business registration, compliance management and make consultancy processes robust, transparent and cost effective.
Nishant Arora, Founder of Setup Services India (SSI), said: “Pune has consistently ranked among the top 5 cities for software and IT startups. The city has an advantage in the likelihood of giving India the next generation startups and making unicorns. This will help founders / entrepreneurs to focus on their core business and grow instead of being limited to managing their financial processes and wasting time on something that can be outsourced and managed with ease.
The company says it is trying to replace the accounts department, not the CA; SSI introduces CRM into financial services so startups feel secure while being associated with a consulting firm.
Blockchain startup Arcana raises $ 2.3 million
Blockchain startup Arcana Network has raised $ 2.3 million from major investors in the Blockchain ecosystem. The strategic funding round was led by Republic Crypto and Woodstock Fund, and also saw participation from Digital Currency Group (DCG), Hyperedge, shl.vc from Sahil Lavingia, Fenbushi Capital, LD Capital and Paradigm Shift VC.
The $ 2.3 million round of funding also saw the participation of Ganesh Swami, CEO of Covalent, Ajeet Khurana, Buidlers Tribe, Nishal Shetty of WazirX, Ajit Tripathi of Aave, as well as the start-up investors of Arcana. AU21 and Arcanum Capital who also invested in this round.
Founded by Mayur Relekar (CEO) and co-founders Aravindh Kumar, and Abhishek Chaudhary in 2019, Arcana can expect to expand its team, strengthen its product portfolio and launch Arcana’s XAR token soon after this fundraiser. .
Mayur Relekar, CEO of Arcana, believes: “Data privacy and security will be citizens first class in the stack of every application. Data privacy and ownership will be a necessity for every product, and developers need easy-to-use tools to achieve this. With a vision to be a developer-friendly and privacy-friendly platform, Arcana works with developers across industries, from DeFi, NFT, social media and wallet platforms, to traditional Web 2.0 products in the Fintech, Healthcare and Enterprise SaaS domains, to ensure confidentiality. and the security of their data.
Registration open for the annual MCCIA awards
The Mahratta Chamber of Commerce, Industry and Agriculture (MCCIA) has announced that it is now accepting entries for nominations for its annual awards.
The annual MCCIA awards cover contributions in the areas of innovation and entrepreneurship, green initiatives, corporate social responsibility, defense production and female entrepreneurship, among other verticals.
Those who request can apply online at https://www.mcciapune.com/awards/mccia-annual-awards/. The deadline for submitting applications is October 30.
The DIAT Innovation and Incubation Center has a first startup on the road
The Defense Institute of Advance Technonology (DIAT) Innovation and Incubation Center hosted its first startup Navyukti Innovations, which launched its first indigenous nanomaterial product, Silvo-Kavach, on October 20.
The product is being developed under the leadership of Sangeeta Kale, and co-director, with market experts, including former DIATs. The product is an antimicrobial solution based on nanoparticles and a water-based solution that protects spaces against microbial infections and can be used in large public spaces, complexes, industrial premises and targeted public areas.
The start-up is also working in the field of biosensors and other industrial sensors.
FBGaming presses start in India
Facebook hosted its very first FBGamingPressStart gaming event in India. Spread over two days, the virtual event saw sessions from developers, publishers, and creators on how to grow and expand their Facebook gaming presence, find new audiences, and grow their community. The opening remarks for the event were given by Gio Hunt, Vice President of Gaming Business and Operations, Facebook, Ajit Mohan, General Manager and Vice President, India, and Manohar Hotchandani, Director of Business Development, Facebook.
Hotchandani said, “India is emerging as one of the largest gaming markets in the world and we have seen an increased focus on Facebook games, especially game videos, with an increase of over 530% of the number of views of live game videos in the past year. We are committed to building the gaming ecosystem in India and creating value for the people who love gaming content and the companies that drive the industry.