New Delhi, May 1 -- Digital assets infrastructure startup Fuze and oral wellness brand Salt Oral Care have raised funding in separate early-stage rounds, the companies said.
Fuze
Fuze has raised $12.2 million (Rs 103 crore) in a Series A funding round led by digital assets and data center infrastructure company Galaxy and UAE-based telecommunications company e&.
The company said the funds will be instrumental in supporting its expansion across existing and new international markets. The capital will also be used to accelerate product innovation and compliance efforts, as well as to bolster top-tier hiring.
Founded in 2023 by Arpit Mehta, Srijan R Shetty, and Mo Ali Yusuf, Fuze provides digital assets-as-a-service infrastructure, enabling financial institutions and businesses to offer regulated digital asset products to their clients.
Headquartered in the UAE, the company recently launched a suite of stablecoin infrastructure products and expanded into the payments space. It currently operates in the MENA region and Turkey.
Salt Oral Care Oral wellness brand Salt Oral Care has secured $1 million in a pre-Series A round from Lotus Holdings, to be executed in two tranches. The company's average post-money valuation across the round stands at Rs 46 crore, it said in a statement.
The Mumbai-based startup said the funding will be used to drive new product innovation, research and development, branding and marketing initiatives, and team expansion.
The company was founded in 2023 by Karan Raj Kohli and Viraj Kapur. It offers oral hygiene products such as toothpaste and mouthwash made with "food-grade, chemical-free" ingredients.
Published by HT Digital Content Services with permission from VC Circle.