Total amount raised
$16.8 Millions
Latest funding date
Location
Fittr has successfully raised funding over multiple rounds, attracting a diverse group of investors. The platform offers personalized online coaching in fitness and nutrition, along with tailored training sessions.
Keep reading to explore the intricacies of Fittr's fundraising journey and the investors backing this innovative platform.
What Is Fittr?
Fittr, founded in 2016, is a health and wellness startup based in Pune, Maharashtra, India. The company offers personalized online coaching in fitness and nutrition, along with tailored training sessions. Fittr was founded by Bala Krishna Reddy Dabbedi, Jitendra Chouksey, Jyoti Sehrawat Dabas, Rohit Chattopadhyay, and Sonal Singh, and employs between 101-250 people.
How Much Funding Has Fittr Raised?
- Seed Round
- Amount Raised: ₹150M (approximately $2M)
- Date: April 2020
- Lead Investors: Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance its technological capabilities.
- Seed Round
- Amount Raised: Not disclosed
- Date: May 2019
- Lead Investors: Suniel Shetty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the user base and improve service offerings.
- Series A
- Amount Raised: $11.5M
- Date: September 2021
- Lead Investors: Dream Capital, Elysian Park Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and development of Fittr's platform and community.
- Venture Round
- Amount Raised: ₹280M (approximately $3.5M)
- Date: January 2024
- Lead Investors: Rainmatter Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To connect Fittr with Zerodha-backed health and wellness businesses and further its mission to educate people about nutrition and health.
Total Amount Raised: $17M
Current Valuation: Not publicly disclosed
Key Investors
- Rainmatter Capital
- Details: Rainmatter Capital is an investment firm backed by Zerodha, a prominent financial services company. It focuses on supporting startups that align with their mission to promote health and wellness.
- Investment Focus Areas: Health tech, fintech, wellness.
- Notable Investments: Aroleap, Devils Circuit, Ultrahuman.
- Dream Capital
- Details: Dream Capital is the investment arm of Dream Sports, which invests in sports, fitness, and related sectors. It aims to support high-growth potential startups.
- Investment Focus Areas: Sports, fitness, health tech.
- Notable Investments: Fittr, Dream11, FanCode.
- Elysian Park Ventures
- Details: Elysian Park Ventures is an investment firm associated with the ownership group of the Los Angeles Dodgers. It focuses on sports and health-related investments.
- Investment Focus Areas: Sports, health tech, wellness.
- Notable Investments: Fittr, Hyperice, Therabody.
- Surge
- Details: Surge is a rapid scale-up program for startups in India and Southeast Asia, providing funding and support. It is part of Peak XV Partners.
- Investment Focus Areas: Early-stage startups, high growth potential, tech-enabled businesses.
- Notable Investments: Fittr, Khatabook, Classplus.
- Suniel Shetty
- Details: Suniel Shetty is a well-known Indian actor and entrepreneur. He has invested in various startups, particularly in the health and wellness sector.
- Investment Focus Areas: Health and wellness, fitness, lifestyle.
- Notable Investments: Fittr, FTC Talent Media & Entertainment, BodyFirst.
What's Next for Fittr?
Fittr's future looks promising with significant opportunities on the horizon. The recent funding from Rainmatter, backed by Zerodha, opens doors for collaborations within the health and wellness ecosystem. With over 3 million global users, Fittr can leverage this network to expand its reach and enhance its platform, potentially employing over a thousand fitness and nutrition coaches.
As the health and wellness industry continues to grow, Fittr is well-positioned to attract further investments. The company's strong track record in fundraising suggests that future rounds could bring in more capital, enabling them to scale operations and introduce new features. However, challenges such as intense competition and maintaining user engagement in a competitive market remain. Adapting to evolving technology and user preferences will be crucial for sustained growth.
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