Fitness-tech startup Fittr received $3.5 M from Zerodha-backed Rainmatter
Fittr, a fitness-tech startup, has raised Rs 28 crore, or roughly $3.5 million, in a fresh funding round headed by Rainmatter, a venture fund supported by Zerodha.
Prior to this, in 2021, the Pune-based company had raised about $11.5 million from Surge, the seed fund of Peak XV, and American private investment firm Elysian Park, among others. Since its founding in 2016, Fittr has raised a total of $17 million in equity funding.
Fittr is an online fitness and health marketplace founded by Jitendra Chouksey, Sonal Singh, Jyoti Dabas, Rohit Chattopadhyay, and Bala Krishna Reddy. It generates personalized training schedules according to fitness objectives, available equipment, available time, and preferred exercise methods.
Over five million app downloads and about 250,000 active monthly users are attributable to the startup.
TheKredible, a startup data intelligence platform, reports that in FY23, the platform generated revenue of Rs 84 crore with a core loss of Rs 41.
About 18 startups in the health and wellness sector have received funding from Rainmatter. Aroleap, Devils Circuit, Ultrahuman, Trunativ, and Humanedge are among the companies on the list; they are all a part of the same portfolio.
