Online Fitness Service Provider Gympik Raises Funding; Plans For Geographic Expansion

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Gympik - Online Fitness Service Provider

Bangalore-based technology start-up Gympik Health Solutions Pvt. Ltd., which owns and operates online marketplace-cum-ecosystem for fitness & wellness service providers Gympik.com, has raised $135,000 (about Rs 86 lakh) in seed funding from group of angel investors including, Capvent’s managing partners Tom Clausen Haldyn Glass and Rohan Ajila, as well as BSE listed manufacturing firm Haldyn Glass. The round also saw participation from healthcare accelerator Healthstart- India’s first accelerator program dedicated to supporting start-ups in healthcare industry, according to company management.

Co-Founders - Gympik

Ajay & Amresh (Co-Founders, Gympik)

As part of the deal, Rohan Ajila, Manageing Partner Capvent India and Healthstart’s Pradeep K Jaisingh will join the board of the company. The part of the deal also brings D-Labs, ISB Hyderabad to Gympik’s helm especially for design collaboration of future product/tools development.

“The funds will be used for marketing, geographic expansion and for developing new features. It will also be used to enter newer verticals that also involve providing B2B software services to players in the fitness space,” said Ajay Pandey, co-founder and CEO, Gympik Health Solutions.

The company was founded in December 2012 by Amaresh Ojha, an IIM Bangalore alumnus, who had previously worked at companies like Sun Microsystems, CISCO and Intuit; and Ajay Pandey (CEO), a management graduate who was earlier working at IBM.

According to Amaresh Ojha, Co-founder & CTO of Gympik,  “The health and fitness domain has become very competitive. A larger number of people are now becoming more health conscious and are seeking the help of professionals. But the market is also choc-a-block with professionals ranging from nutritionists and dieticians, to yoga gurus and personal trainers.”

Today, Gympik.com is an integrated, one-of-a-kind platform that brings together fitness service providers (both centers and professionals) and seekers and creates an online marketplace as well as a meeting place where the focus is on fitness & wellness. The firm claims that it has listed about 3,000+ trainers and 2000+ centers.  According to the management the major focus areas are in Aerobics, Gym, Zumba, Dance, Dietitian, Physiotherapy and Yoga.

Besides listing trainers and fitness centers, the platform allows users to calculate their calories burnt based on their height, weight, gender and amount of time they walked/ran. It also calculates things like basal metabolic rate (BMR), body mass index (BMI), and heart rate. The site also logs/tracks the user’s diet and exercise, and provides them with tips for a healthy lifestyle.

While some of the professionals augment their income and extended employability, there are others who find Gympik.com as one collaborative ecosystem to partner with like-minded professionals.

Engineering student by education and Entrepreneur by choice. Asish is a TCS Best Student Awardee, NDTV featured student entrepreneur and International School of Entrepreneurship Education awardee. He also worked with many startups and big companies for their business development and strategical growth. Asish has been heading The Startup Journal since its inception in 2014.