Monday, June 17, 2024
HomeFunding India-Based Portl Secures $3 Million in Funding

[FUNDING NEWS] India-Based Portl Secures $3 Million in Funding

The $3 million fundraising round sponsored by Bharat Innovation Fund has been successfully closed by Portl, an Indian business providing digital fitness and wellness technologies.

The $3 million fundraising round sponsored by Bharat Innovation Fund has been successfully closed by Portl, an Indian business providing digital fitness and wellness technologies.

In a statement released on Thursday, it claimed that T-Hub Foundation, a new investor, and Kalaari Capital, an existing investor, also participated in this round.

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The fresh funding infusion is expected to hasten Portl’s advancement of its state-of-the-art artificial intelligence platforms, market expansion, and product creation.

With the help of its most recent fundraising round, it intends to increase the size of its customer base in India and internationally while also diversifying its product line by launching connected strength systems for users of various fitness levels.

These systems will improve at-home strength training by including several training modes and adjustable digital weight technology.

Read also – Beijing-Based PhiGent Robotics Secures $30 Million in Series Pre-B Round

In addition, the business wants to introduce its upcoming line of digital health and wellness products by fusing its knowledge of hardware, content, and technology.

“At Portl, we are dedicated to reimagining personalized fitness through state-of-the-art technology, “We are dedicated to revolutionizing personalized fitness with cutting-edge technology,” said Indraneel Gupta, Founder and Chief Executive Officer of Portl.

He claims that the company’s mission and dedication to enabling everyone, wherever they may be, to have access to health and fitness are validated by this most recent round of funding.

The system is made to work flawlessly on a variety of hardware platforms, including smart TVs, tablets, and smartphones, so customers can access its fitness solutions on their preferred devices.

About Portl

Health, fitness, and wellness are just a few of the uses for Portl, an intelligent home mirror. They want Portl to be the third screen in every house.

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