Companies

Fitness app Fitso raises $200,000 in angel funding

Priyanka Pani Mumbai | Updated on January 15, 2018

Rahool Sureka, co-founder, Fitso

Health and fitness app Fitso has raised about $200,000 in angel funding from a group of investors including Sujeet Kumar (former Operations President, Flipkart), Bhupinder (CEO, Intelenet) and Yashish Dahiya (CEO, PolicyBazaar) on fund-raising platform LetsVenture. The company had raised a similar amount in January 2016.

With this round of funding, Fitso intends to invest extensively in product development, expanding its team and a more user-friendly app. It also plans to expand its reach in providing offline training classes for running, swimming and triathlon in Delhi-NCR and build a team of coaches for personal training.

“Fitso has become a brand name in health and fitness market in less than six months. We have broken even, and are hitting the route of profitability, providing personal fitness and nutrition training to users across India,” said Rahool Sureka, co-founder, Fitso.

Founded three months ago by three IIT-Delhi alumni — Saurabh Aggarwal, Naman Sharma and Sureka — Fitso launched with an idea to make fitness accessible and affordable for people who can workout anytime and anywhere by eliminating the need for a gym membership or expensive equipment.

It provides professional guidance for weight loss, weight gain and other fitness activities. Users can hire a personal coach at costs starting ₹500 per month on its app.

Investor Sujeet Kumar said: “India is seeing the fitness revolution, and Fitso is playing a major role by becoming the fastest-growing company in this segment. I love the part that they have a strong hold on technology and are passionate about the change they are bringing in society.”

Published on March 15, 2017

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