Fittr, a digital health and diet group platform primarily based in India, has scored $11.5 million in a Series A funding spherical co-led by Dream Sports’ enterprise capital agency Dream Capital and LA Dodgers’ personal funding arm Elysian Park Ventures.
WHAT IT DOES
Fittr began as a small WhatsApp group that educated and helped individuals to get match. Turned right into a cell app in 2016, it now affords free entry to a bunch of food plan and coaching instruments and a group of health lovers and consultants.
For a small premium, customers may also obtain personalised steerage, customised plans and weekly follow-ups from over 500 licensed coaches on the platform. The app has a company package deal that’s now being utilized by round 200,000 shoppers.
Available on each iOS and Android units, Fittr has over 2.5 million members worldwide at current.
WHY IT MATTERS
Fittr will use its recent capital to additional broaden in its new markets, particularly North America, the UK and Singapore, which now accounts for 30% of its total income.
Indian health apps have not too long ago turned world to faucet into the market that may probably reach $15.5 billion in value by 2028.
A notable participant is Curefit, which not too long ago obtained $75 million from Tata Digital, a subsidiary of Tata Sons. Since its inception in 2016, the corporate has raised a complete of $480 million in funding. Last yr in July, it made its official entry into the US market.
Another health platform, HealthifyMe, netted $75 million in a Series C investing spherical in July, bringing its whole investments raised to over $100 million. It harnesses AI to offer subscription-based well being and health providers to over 25 million customers throughout India. With its recent capital, the corporate is now taking its enlargement worldwide, focusing on Southeast Asia and North America.
ON THE RECORD
“Fittr has always been committed to democratising fitness and raising awareness around physical, mental and emotional well-being. The investment raised will assist us to make strategic headways in achieving this goal,” stated Fittr Founder and CEO Jitendra Chouksey.