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News In Brief Startups

Fitspire raises $300k funding

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Fitspire raises $300k funding
30 Apr 2022
6 min read

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News Synopsis

Recently, a vegan health-wellness brand, Fitspire announced that it has raised $300k in its latest fundraising round. The funding was raised from global marquee investors, Ivor Braganza and Rajesh Sud. Ivor Braganza who is the Director of Next 5 Oman, has over 30 years of experience in the FMCG space and distribution for the largest multinational brands in India, the UK, Russia, and the Middle East. The other investor Rajesh Sud who is the Managing Director of Bharti Financial Services heads the Life and General Insurance Businesses and is also on the board of Airtel Payments Bank. Prior to this, Fitspire had raised an undisclosed foreign direct investment (FDI) round. In the year 2020, in its Pre Seed round, the vegan health-wellness brand raised $200k led by well-known singer Sukhbir Singh.

Later in the year 2021, the Fitspire raised another FDI round of $250k from multiple angels. The firm further informed that it will utilize the raised capital to boost its ecosystem, fuel market expansion, create the brand, and build new revenue streams. The wellness health startup was founded by Vipen Jain in the year 2020. It, in the nutritional segment, offers various health and wellness products. It manufactures products for all ages and all health segments such as Vegan Proteins, Multivitamins, Vitality, Healthy Snacking ( Bars and Peanut butter), Weight management Keto, Skincare, Immunity products, and Kids Multivitamin drinks.

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