Bengaluru-based online fitness startup TREAD has raised $1.1 million in its Pre-Seed round from a clutch of angel investors and VC firms. Investors participating in the round included Unacademy founders Gaurav Munjal, Roman Saini, and Hemesh Singh; Udaan Co-founder Sujeet Kumar; CRED Founder Kunal Shah; Citruspay Founder Amrish Rau; MPL founders Sai Srinivas and Shubh Malhotra; Jupiter Founder Jitendra Gupta; and RedBus founder Phanindra Sama, among others. Better Capital, Whiteboard Capital, FirstCheque and Stanford Angel also participated in the round. TREAD, which was founded by Dinesh Godara in July 2020, will be using the freshly raised funds to fast-track its product development and accelerate the growth of its business.
FUNDING [Funding alert] Fitness startup TREAD raises $1.1 M from Better Capital, Kunal Shah, Gaurav Munjal, and more
Date posted: Wednesday 14 October 2020