KL Rahul-backed Boldfit secures $42 million to boost retail presence across India

Homegrown sports and fitness brand Boldfit has secured more than ₹400 crore (approximately $42 million) in a Series B funding round led by Bharat Value Fund, managed by The Wealth Company Alternates, part of the Pantomath Group, PTI reported. Existing investor Bessemer Venture Partners also contributed to the fundraise.The Bengaluru-headquartered company plans to deploy the proceeds towards expanding its retail network across India, strengthening manufacturing capabilities, investing in product development and exploring strategic acquisitions.Founded in 2018 by Pallav Bihani, Boldfit…