Fittr, a digital health and vitamin neighborhood platform primarily based in India, has scored $11.5 million in a Collection A funding spherical co-led by Dream Sports activities’ 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 skilled and helped folks to get match. Became a cellular app in 2016, it now presents free entry to a bunch of food plan and coaching instruments and a neighborhood of health fanatics 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 purchasers.
Out there on each iOS and Android gadgets, Fittr has over 2.5 million members worldwide at current.
WHY IT MATTERS
Fittr will use its contemporary capital to additional develop 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 doubtlessly attain $15.5 billion in worth 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. Final yr in July, it made its official entry into the US market.
One other health platform, HealthifyMe, netted $75 million in a Collection 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 contemporary capital, the corporate is now taking its growth worldwide, focusing on Southeast Asia and North America.
ON THE RECORD
“Fittr has at all times been dedicated to democratising health and elevating consciousness round bodily, psychological and emotional well-being. The funding raised will help us to make strategic headways in attaining this objective,” stated Fittr Founder and CEO Jitendra Chouksey.