Zorba Renaissance Ltd, which administers Sarva chain of Yoga Studios, has obtained money over $4 million from a cluster of investors, comprising Bollywood and Hollywood celebutantes.
After the funding round, the valuation of Sarva Chain has reached nearly $20 million, as told by Talwalkars Better Value Fitness Ltd, which had 50 per cent stakeholdings in the company in 2016.
The Mumbai-listed gymnasium chain has said in its regulatory filing that the investors in the angel funding round included Bollywood actors Shahid Kapoor and Malaika Arora, and Hollywood actor-singer Jennifer Lopez, according to the daily news, VC Circle.
David Giampaolo, CEO of London-based investment company, Pi Capital, and Mark Mastrov, founder of 24 Hour Fitness, has participated in this funding round as well.
Talwalkars has not shared any financial deets of the angel funding round however, it also informed that Sarva is now preparing for an institutional round of funding.
Zorba was founded by Sarvesh Shashi in 2013 and since then, the company administers yoga studios. In the present time, the company manages an array of 91 yoga studios under the brand name, Sarva. In its studios, it renders various courses related to Zumba and Yoga and further, offers healing therapies for diseases like Diabetes and Asthma.