India Funding Roundup: Credr, ShadowFax, CanvasFlip, Zapyle, FitMeIn

Credr
Mumbai-based online second hand bike listing platform Credr raised $15 million (roughly Rs. 99 crores) in its Series A round from Eight Roads Ventures, Fidelity’s proprietary investment arm. Founded in 2014 by IIT Mumbai graduates, the online marketplace operates in Mumbai, Pune, Delhi, and Bengaluru, and inspects bikes on 80 parameters, provides doorstep test drives, manages paper transfer, and offers value added services like six months warranty, 24×7 road assistance, 1-year roadside assistance, buyback services to buyers.

ShadowFax
Delhi-based hyperlocal B2B logistics startup ShadowFax has raised $8.5 million (roughly Rs. 56 crores) in a Series A round of funding from Eight Roads Ventures. Founded in 2015 by Vaibhav Khandelwal and Abhishek Bansal, the startup provides delivery solutions to local sellers, with features like API integration, pay per delivery, and real time monitoring. ShadowFax had previously raised angel funding from Kunal Bahl, Rohit Bansal, and Zishaan Hayath earlier this year.

CanvasFlip
Hyderabad-based CanvasFlip, a cloud-based platform for prototyping and testing apps raised $1.2 million (roughly Rs. 7.9 crores) in seed funding from Silicon Valley-based venture capital firm Bessemer Venture Partners. The firm counts Tech Mahindra, Paytm, Makemytrip, Redbus, Gaana and Magicbricks as clients. CanvasFlip offers a 30 day free trial, while the Premium plan starts at $25 a month.

Zapyle
Bengaluru-based Zapyle, an online marketplace for second hand apparel raised $1 million in seed funding, Vccircle reported. Founded in 2015 by Rashi Menda, the marketplace has apps for Android and iOS serving Internet-savvy women aged between 18-30. Zapyle makes 25 percent commission on the sale value. Online designer wear rental platform Klozee recently closed a seed funding round in August.

FitMeIn
Delhi-based FitMeIn, which provides a monthly membership to over 250 gyms and fitness studios in Delhi, raised $100,000 in seed funding from Green House Ventures. Fitmein provides access to activities like yoga, cardio, dance, interval training, and martial arts for a monthly membership fee, which is converted to a virtual currency called FitCoins. The company will launch its Android and iOS apps soon.

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