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Shooting Star Invests $1 Million In HealthTech Startup FitPass

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Shooting Star VC Fund, backed by Olympic gold medalist and Indian ace shooter, Abhinav Bindra has invested $1 million in Delhi based health tech startup FitPass. Cofounded by Akshay Verma along with his sister Arushi Verma, FitPass connects and provides users with access passes for gyms and fitness studios.

Launched in 2015, Delhi based Fitpass has already raised $1 million from Mumbai Angels and others just this past December. They also raised an undisclosed amount from the real estate conglomerate SD Group in January. The startup, according to a statement, plans to use the new funds to expand the full suite of FitPass services across 10 cities.

The access pass priced at Rs. 999 per month provides users with an app based pass to workout anywhere at any time across 1,500 gyms and fitness studios in Delhi. According to cofounder Akshay Verma, they already have 400 centers in Bengaluru and are planning to launch in Mumbai and Pune soon.

Abhinav Bindra along with business partner Gaurav Marya launched Shooting Star incubation firm in 2016 with an initial investment of $2 million in an equal partnership with consulting firm Franchise India. Speaking about the investment in FitPass, Abhinav Bindra said it was one of the most promising ventures in Indian fitness domain. Bindra used the app for a few months before deciding to invest in the venture. FitPass founder’s passion and holistic approach were influencing factors in their decision.

Fitpass initially was launched with 65 partners and users could avail a variety of workout options such as gym workout, yoga, Zumba, Pilates, spinning, kickboxing, CrossFit and MMA. The app available on Android and iOS also allows users to consult a dedicated personal nutritionist and follow AI led coaching plans to achieve faster results. As of December last year, the FitPass team consisted 22 members out of which 13 were engaged in technology.

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Funding

Phab Raises $2M Seed Funding to Expand Healthy Snacking Brand

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PHAB

Phab, the D2C healthy snacking brand co-founded by Ankit Chona of ice cream brand Hocco and his wife Gayatri Chona, has raised $2 million (around ₹17 crore) in a seed funding round led by OTP Ventures, with participation from Capri Global, Sim&San law firm, and angel investors.

Founded in 2018, phab offers protein bars and healthy milkshakes, leveraging Ankit’s decade-long food industry experience and Gayatri’s expertise as a certified nutritionist. The brand has sold over 2 million units and sells through e-commerce and quick commerce platforms like Amazon, Flipkart, Zepto, and Blinkit.

Despite a 12% dip in operating revenue to ₹5 crore in FY24, phab trimmed its net loss by nearly 3% to ₹6.8 crore, showing improved efficiency.

The new funds will be used to expand the team, invest in production capacity, and grow phab’s presence across digital, quick commerce, and offline channels. The brand competes with Yoga Bar, Beyond Snack, and The Whole Truth in India’s growing $68 billion healthy snacking market. OTP Ventures’ founding partner Suhail Sameer praised phab’s bold, differentiated approach and the founders’ vision, signaling strong investor confidence in the brand’s growth potential.

 

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Eat Better Secures ₹17 Crore in Pre-Series A Funding

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Eat Better, a Jaipur-based D2C snacking brand, has raised ₹17 crore in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital. Founded by Vidushi Kanoria, Mridula Kanoria, and Shaurya Kanoria in 2020, Eat Better specializes in healthy snacks like dry fruit ladoos and nuts.

Key Highlights:

  • Investment Use: Funds will expand Eat Better’s product line and enhance its presence on quick commerce platforms.
  • Market Position: Competes with brands like Happilo and Yoga Bar in the healthy snacking space.
  • Operational Milestones: Fulfills over 2 lakh orders monthly.
  • Financial Performance: Revenue grew nearly threefold to ₹14.47 crore in FY24, with a reduced net loss.

Market Opportunity:

The Indian food and beverages market is projected to reach $68 billion by 2030, positioning Eat Better favorably to capitalize on the demand for healthy snacks. With this funding, Eat Better aims to strengthen its market presence and product offerings.

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Outzidr Raises ₹30 Crore to Transform Gen Z Fashion

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Bengaluru-based D2C fashion startup Outzidr, co-founded by Nirmal Jain, Mani Kant Mani, and Justin Mario, has secured ₹30 crore in seed funding led by Stellaris Venture Partners, with participation from angel investors like Ramakant Sharma (Livspace) and Ghazal Alagh (Mamaearth).

Launched in February 2025, Outzidr targets Gen Z women aged 17–27 with affordable occasion-specific apparel such as partywear and travel outfits. The brand introduces over 2,000 new designs monthly and uses a “test-and-react” model to scale popular styles based on early sales data. With an agile inventory cycle of less than three weeks, it plans to shift 90% of manufacturing to India within two years for sustainability.

The funds will bolster supply chain efficiency, technology development, team expansion, and brand-building. Outzidr aims to achieve ₹100 crore annualized revenue within 6–8 months through its D2C platform and marketplaces like Myntra, Nykaa Fashion, and AJIO.

Led by industry veterans with expertise in fashion and logistics, Outzidr is poised to capitalize on India’s growing D2C market fueled by Gen Z’s demand for trendy and affordable fashion.

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