Binny Bansal, GGV and others back Pankaj Chaddah’s startup



Former Zomato co-founder Pankaj Chaddah made a comeback as an entrepreneur in October last year with mental fitness studio Mindhouse.


Since then, the company has opened a few studios in Gurugram and now has raised about Rs 15 crore from a clutch of individuals.


Chaddah himself has poured around Rs 10 crore in the six months old venture while blue-chip angels such as Anand Chandrasekhar, Sahil Barua, Karan Singh and Ambarish Raghuvanshi have also participated in the financing round through debt.


Importantly, Binny Bansal’s BTB Ventures has invested Rs 1.5 crore while GGV Capital injected a modest sum of Rs 37.8 lakhs.


The funding round seems to be an ongoing one and it’s expected to raise more capital.


According to regulatory filings, Info Edge’s co-founder Ambarish Raghuvanshi joined the round with an investment of Rs 75 lakhs, Chandrashekhar invested Rs 37.8 lakhs, Delhivery’s co-founder Barua put in Rs 1.1 crore while Singh poured in Rs 50 lakh.


The Aarticca Family Trust has invested Rs 35 lakhs.


The financing for the company has come at a time when the company’s operations have been impacted severely because of the COVID-19 pandemic.