Health tech startup Fitterfly raises $3.1 M in pre-Series A round
21 April 2021 | News Funds will be primarily used for improving the solution to deliver better patient outcomes at scale and impacting a large number of people by creating better awareness and reach
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Fitterfly, a Mumbai based health-tech startup working in the field of Digital Therapeutics (DTx) has raised $3.1 million (Rs 22.3 crore) in Pre-Series A round.
The raise was led by Fireside Ventures and also saw participation from 9Unicorns – the accelerator fund of Venture Catalysts, Venture Catalysts and a clutch of angel investors from India, the US and Singapore.
Anurag Maloo, a businessman from a small town called Seoni, near Nagpur, is beaming with excitement. The 44-year-old hotelier had invested in
fintech startup BharatPe that has given 80 times return on investment, exists to over two dozen angel investors in less than three years. Maloo, a member of India’s leading incubator Venture Catalysts (VCats), had also invested in startups such as Beardo, Coutloot and Fynd.
He is among the several businessmen from India’s small towns, who have made a killing with BharatPe’s recently concluded funding round, which fetched the company a valuation of over $900 million. VCats, an early-stage investor, has been instrumental in roping in HNIs from smaller Indian towns to invest in idea-stage companies.
BharatPe gives 18 of its angels an exit with up to 80X returns
The fintech startup says nine angel investors, including Kunal Shah, continue to hold stock worth Rs 107 crore, as per the latest Series D valuation.
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Fintech startup BharatPe has announced that 18 of its angel investors have exited the company after its Series D funding round. The angles have seen returns as high as 80X in two years. The statement said the company has already returned
Rs 102 crore in cash to its secondary investors, as against the initial angel round of
Rs 1.9 crore. Nine angel investors, including Kunal Shah, continue to hold stock worth Rs 107 crore as per the latest Series D valuation, said the statement.