Wellbeing platform Human Edge, on Tuesday announced that it has raised $1.5 million in a round led by Bharat Innovation Fund. Lead Angels and Force Ventures and a few angel investors from Singapore, US and India also invested in the round.
Human Edge plans to use the fund to develop a mobile app. The startup is also planning to expand its sales processes in the overseas market.
Founded by Dr Marcus Ranney in late 2020, the startup claims that it is profitable. Currently, it serves more than 45 clients across the US and Asia-Pacific region. Most of its clients are from the banking, IT, marketing and professional services sectors.
The Mumbai-headquartered company is currently building a platform to let users engage in daily “biohacks”- small, actionable, lifestyle-based modifications that focus on optimising a person’s energy levels towards meeting a specific health outcome, it said in a press release.
Meanwhile, Beverage brand Bored Beverages has raised more than Rs 2.5 crore in a seed round led by Inflection Point Ventures. WeFounder Circle’s founder Bhawana Bhatnagar, Soumya Kant of Clovia, Simba Beer’s founder Prabhtej Singh Bhatia and Dot In Network also participated in the funding round.
Bhatia, being from the beverage industry himself, has made a strategic investment in Bored Beverages, and will provide mentorship to the team as well, the company pointed out in a release.
The Delhi-based startup plans to use the funds to expand the team and scale sales and marketing operations, establish a distribution channel and build the brand in the market.
Also, software as a service (SaaS) startup Soptle has raised an undisclosed angel round led by Soonicorn LLP, along with the participation of All-cargo Group’s executive director Vaishnav Shetty, logistics company Gati’s chief executive Pirojshaw Sarkari, and Zomato-acquired Fitso’s founder Saurabh Agarwal, among others.
Founded in May 2022 by engineering school dropout Pravas Chandragiri, Soptle, a SaaS-led B2B retail commerce platform, is planning to expand its distribution network across the country, scale product capabilities as well as grow the team with the funds.