VC Fund Investments
Fitness-tech startup Fittr raises $11.5-M from Dream Capital, Elysian Park Ventures, others
Pune-based health and fitness community platform Fittr has raised USD 11.5 million (about INR 84.7 crore) in the Series A funding co-led by Dream Capital and Elysian Park Ventures. Existing investor Sequoia Capital India Surge also participated in the round. Ambit acted as the exclusive financial advisor to Fittr. The new capital will enable Fittr to accelerate its growth and expansion into new markets, including North America, the UK and Singapore that currently accounts for 30% of the company's overall revenue. Additionally, the funds will be utilised in strengthening the leadership of the company with new strategic hiring and offering new services. With this round, Fittr has received over USD 13.5 million from investors including actor Suniel Shetty. The company, which currently has over 150 employees, is profitable and has trained over two lakh people. In FY21, it crossed 65,000 paid users and created employment opportunities for over 500 coaches.
From the Venture Intelligence PE-VC Deal Database: In Oct-20, Fittr had raised more than INR 11 crore from Sequoia Capital India.
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