Fitpass Funding

Fitpass, a Delhi-based health-tech startup Fitpass has raised $1 Mn in funding from Shooting Star, a VC fund backed by the ace shooter, Abhinav Bindra.

The newly raised will be used to expand the network of gyms and fitness studios to 10 new cities within next six months.

Founded in 2015 by brother-sister duo Akshay and Arushi Verma, Fitpass allows its members a chance to break from expensive yearly gym memberships.

The platform claims to give unlimited access to multiple options with different types of workouts like Yoga, Zumba, Bollywood Dance, MMA, kickboxing, etc. Priced at Rs 999 per month Fitpass members can workout across 1,500 gyms and fitness studios in Delhi NCR anytime.

Fitpass co-founder Akshay Verma said, “We have already partnered with 400 centres in Bengaluru and will also launch in Mumbai and Pune soon. We have also seen good traction on the nutrition app and counsellor-side, while our gym ERP has a 93% conversion rate for the centres we work with. It usually takes a centre two months to turn into a paying customer for the Fitpass ERP.”

In last December, the startup had raised $1 million from Mumbai Angels and a pool of Delhi- and Bengaluru-based angel investors to grow horizontally and add service verticals. This included data-driven personalised fitness management tools for its users and enterprise products for its partner gyms/fitness studios.

You May Also Like

8 types of logo designs

We often constrain logo design to one thing that we are familiar…
Cisco Acquires Pawaa

Cisco Makes Its First Acquisition In India, Acquires IT Security Firm Pawaa

Networking equipment giant Cisco has acquired the Banaglore –based IT Security firm…
Hike Direct

Hike Direct Lets You Chat And Share Files Without An Internet Connection

India’s second largest instant messaging platform Hike launched a new feature called…

Coronavirus (COVID-19) myths to ignore

As the Coronavirus (COVID-19) continues to make the headlines, a host of…