Fitness Startup MobieFit Raises $1.35 Mn From NB Ventures, MediAssist

Fitness Startup MobieFit Raises $1.35 Mn From NB Ventures, MediAssist

SUMMARY

Co-founded By Gul Panag, The Startup Had Earlier Secured $1 Mn Seed Funding In December 2015

Mobile fitness startup Mobiefit has raised $1.35 Mn (INR 8.85 Cr) in a Pre-Series A funding round led by NB Ventures and existing investor, MediAssist India. The investment follows the startup’s Seed round of $1 Mn in December 2015.

NB Ventures is a Dubai-based venture capital firm with a $50 Mn startup fund. Chief among its recent Indian investments is health and fitness app HealthifyMe, which reportedly secured $1 Mn in December last year.

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