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Boldfit raised Rs 110 crore ($13 million) in a Series A funding round led by Bessemer Venture Partners to enhance product innovation and expand its brand presence.

PRIVATENov 07, 2024

Amount Raised

₹1.1 Billion

Round Type

Series A

BengaluruHealth CareE CommerceFashionRetailDietary SupplementsFitness

Investors

Bessemer Venture Partners

Description

Boldfit, a direct-to-consumer brand of fitness products, has secured Rs 110 crore ($13 million) from Bessemer Venture Partners. The startup, supported by cricketer KL Rahul, plans to use the funds for product innovation and expanding its brand presence.

Quick answer

Boldfit raised ₹1.1 Billion in a Series A round, dated November 7, 2024. Investors: Bessemer Venture Partners. Boldfit is based in Bengaluru, Karnataka, India.

How much did Boldfit raise?
Boldfit raised ₹1.1 Billion in a Series A round on November 7, 2024.
Who invested in Boldfit?
Bessemer Venture Partners is named as investors in this round.
What does Boldfit do?
Boldfit is a direct-to-consumer brand specializing in fitness products and nutritional supplements.
Where is Boldfit based and how big is it?
Boldfit is based in Bengaluru, Karnataka, India. Fundz records about 57 employees.
Who are the decision-makers at Boldfit?
Fundz holds 2 contacts at Boldfit. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who to call at Boldfit, and when

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Company Information

Company

Boldfit

Location

Bengaluru, Karnataka, India

About

Boldfit is a direct-to-consumer brand specializing in fitness products and nutritional supplements. Founded in 2018 by Pallav Bihani, the company offers a range of fitness accessories, nutraceuticals, core sports equipment, and workout apparel. The brand has experienced over 100% growth year on year for several years and is planning to expand its product categories to include activewear, athleisure, and footwear. Boldfit sells its products online through various platforms and aims to open offline stores in the near future.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Boldfit raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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