![[Funding roundup] FitBudd, Workruit, and others raise early-stage funds](https://hostingreviews24.com/wp-content/uploads/2022/10/Funding-roundup-FitBudd-Workruit-and-others-raise-early-stage-funds.png "[Funding roundup] FitBudd, Workruit, and others raise early-stage funds 1")
FitBudd raises $3.4M in seed funding
Well being and health SaaS platform FitBudd stated it raised $3.4 million in a seed funding spherical from Accel India, BEENEXT, Sequoia Capital India, and Waveform Ventures.
The startup will use the funds to gasoline product improvement, speed up consumer development, and disrupt the worldwide well being and health trade with its highly effective and progressive product.
“There’s a clear shift within the $47 billion health and wellness trade of solopreneurs breaking away from establishments and constructing their very own digital and hybrid companies. Fitbudd is accelerating the success of those solopreneurs whereas offering personalisation at scale for end-users,” stated Manasi Shah, Investor and Vice-President at Accel.
Established in 2021, FitBudd is the brainchild of three IIT graduates – Saumya Mittal, Pranav Chaturvedi, and Naman Singhal.
Workruit secures pre-Collection A funding of $500,000
HRTech agency raised over $500,000 in pre-Collection A spherical led by the US-based household workplace of Kantamaneni.
The corporate will use the capital to scale the product, develop its operations, and concentrate on buyer acquisition. As a part of its growth plans, Workruit goals to increase its recruitment platform within the US markets by Q1 2023 with the assist of its strategic investor.
“Workruit is growing a distinctively highly effective and personalised profession platform that’s tech-first and candidate-first, starting with an automatic resume providing. We’re thrilled to be collaborating with Workruit as they remodel the hiring market,” stated Sreenivasarao Lavu of Kantamaneni Household Workplace
The startup offers a collection of B2B and B2C options, together with an AI-powered resume builder and a job search and recruitment platform. With its flagship product, Workruit Resume Builder, the platform goals to empower job seekers to attain their profession objectives and make their subsequent profession transfer.
Progcap raises Collection C spherical from Beams Fintech Fund, others
raised an undisclosed sum in its Collection C funding spherical led by Beams FinTech Fund, alongside Google, Creations Investments, Tiger International, and Sequoia Capital.
Buyers, together with growX ventures, CIBIL chairman MV Nair, Co-founder Sandeep Tandon, , and ZNL Progress, additionally participated within the spherical.
“Provide chain is a deep downside in India with a credit score hole of greater than $300 billion, and SME/MSMEs require entry to capital by means of progressive financing options. We’re excited to work with Pallavi and Himanshu on constructing the way forward for provide chain finance and funds in India,” stated Sagar Agarvwal, Managing Accomplice and Co-founder of Beams.
Progcap was based in 2017 by Pallavi Shrivastava and Himanshu Chandra, provide chain finance firm Progcap bridges the hole between distributors and retailers by means of specialised finance, funds, and expertise.
Market startup OhLocal raises undisclosed pre-seed funding
On-line-to-offline market startup OhLocal raised an undisclosed pre-seed spherical for the second time from a number of traders, together with Sunil Kumar Singhvi (JITO Angel Community), Harish Menon (Co-founder of Alpha Wealth Administration), Puneet Verma (Accomplice at Aquilo LLP), and Sahil Goel (MiH Ventures).
The startup will use the funds to tie up with 10,000 extra retailers and native sellers throughout India. Final yr, OhLocal raised its first pre-seed spherical led by India Accelerator, which it used for onboarding sellers.
At current, OhLocal boasts of practically 800 sellers throughout 5 cities. It generates a enterprise of Rs 5.2 crore for them by working over 2,000 advertisements on its platform. The Gurugram startup plans so as to add 5 extra cities within the subsequent 10 months.
OhLocal can be foraying right into a subscription mannequin for sellers and hiring senior-level individuals in administration roles.
(The story can be up to date with the newest information all through the day.)
