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FlexifyMe Raises $1 Million In Seed Funding Led By Flipkart Ventures

Founded in 2021, Guugram based FlexifyMe has grown by almost 5X in the last 12 months

FlexifyMe Raises $1 Million In Seed Funding Led By Flipkart Ventures
POSTED ON September 27, 2023 11:54 AM

FlexifyMe has secured a $1 million investment from Flipkart Ventures, Flipkart’s venture investing arm. The start-up is a health-tech platform dedicated to chronic pain management. 

This funding round will significantly help the company with fast growth. The company said in a statement that it has grown almost 5X in the last 12 months and the recent capital infusion will help it with fast growth. 

The investment round was led by Flipkart Ventures, and it was followed by other notable participants like GSF, iHub Anubhuti, Chandigarh Angels (CAN), Venture Catalyst, and OneCapital among other prominent angels. The funds from this round will be used to further enhance the AI motion coach, making it available in local languages and expanding the platform's reach in the MENA and North American regions.

Apart from seed fund investors, the existing backers of FlexifyMe include individuals like Ravi Bhushan, the founder of BrightChamps, and Amit Ratanpal, the founder of BlincInvest, among several other supporters.    

Manjeet Singh, co-founder of FlexifyMe, said, “We’re thrilled by the tremendous support we’ve received in this funding round, which increases our confidence in using technology to help people live pain-free lives. We’re committed to leveraging technology to improve the lives of millions suffering from chronic pain, and this funding takes us a significant step closer to achieving that goal. 

Lubna Ahmed, head of Flipkart Ventures, said, “Flipkart has always been at the forefront of empowering the start-up ecosystem in India. We are excited to witness the transformative journey of startups in India as they harness Flipkart’s resources and guidance to bring their innovative ideas to life. We are pleased to invest in Flexifyme as it continues to fuel innovation and growth in its industry. The investment is being made by Flipkart Ventures through its cohort-based Leap Ahead program." 

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