Angel Investments
Bicycles subscription platform for kids Gro Club raises Rs.4.3 Cr
Bengaluru-based D2C (direct-to-consumer) bicycle subscription platform for kids Gro Club has raised INR 4.3 crore, at a valuation of INR 25 crore, led by Ramaiah Evolute, a startup wing of MS Ramaiah Group. An angel consortium consisting of Deepak Gowda of Ascent Capital and Purushotham R, Chirag Shah of Velvet (Los Angeles), Isaac Reyes of Ravis (Panama), Amit Nanavati of Juicy Chemistry, Sanjay Munirathna of Keerthi Group, Dinesh Talera, Shricharan N J, and Sanjay Sunku (Drink Prime) also participated in the round. Launched in January 2022, GroClub offers bicycles on subscription for growing kids which kids can upgrade as they grow.
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