Move-To-Earn Startup Fitmint Raises $1.6 Million In Funding
06/29/22, 6:51 AM
Location
bengaluruMoney raised
$1.6 million
Round Type
seed
Bengaluru-based 'Move-to-Earn' (rewarding users for engaging in physical exercises) startup Fitmint has announced raising seed funding of $1.6 million from multiple VCs and institutional investors. The funding round was led by venture capital firm General Catalyst, and it also witnessed participation from iSeed, Kearny Jackson, Dweb3 and 1947 Rise, among others.
Company Info
Location
bengaluru, karnataka, india
Additional Info
Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesThe startup said it has already started generating revenue; and with the growth boost received due to the fundraise, it is targeting to generate $12-15 million revenue by the end of financial year 2022-23. Fitmint said in a statement on Wednesday it will be using the amount raised for hiring and team expansion, marketing and optimising tech infrastructure.