Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jul, 24 2018

Fitness aggregator Gympik gets double investment from RoundGlass Partners

The online venture curates fitness centres and trainers on its platform.

Fitness aggregator Gympik gets double investment  from RoundGlass Partners

US-based VC firm RoundGlass Partners is doubling down on its investment in Gympik.com, an online marketplace for discovering fitness centres and gyms, a person aware of the development told VCCircle.

RoundGlass is investing an additional Rs 6.5 crore (approximately $1 million) in Gympik, the aforementioned person said on the condition of anonymity. The company had previously raised a total of $1 million in two tranches from RoundGlass.

The startup will primarily use the fresh funds to further develop its software-as-a-service (SaaS) product for fitness centres.

With the current fund infusion, the startup has raised about Rs 14 crore so far.

The Seattle-based venture firm first invested in Gympik in March 2016.

Previously, Gympik had raised $135,000 in seed funding from Capvent’s managing partners Tom Clausen and Rohan Ajila, as well as manufacturing firm Haldyn Glass. Healthcare accelerator Healthstart had also participated in the round.

Gympik declined to comment on the fund raise and RoundGlass didn’t respond to email queries from VCCircle at the time of publishing this report.

Bengaluru-based Gympik Health Solutions Pvt. Ltd was founded in December 2012 by Amaresh Ojha and Karan Malik.

Before launching Gympik, Ojha, an IIM-Bangalore alumnus, had stints at Sun Microsystems, Cisco and Intuit, while Mailk was employed with Firstsource Solutions.

The online venture curates fitness centres and trainers on its platform. It also offers a cloud-based software for fitness centres to make personalised offerings, and automate their management and quality assurance processes.

In addition, it offers separate mobile apps for customers and trainers. Customers can use the app to hire personal instructors for at-home training sessions, while fitness trainers can track client performances.

The company generates revenue from the leads it provides to fitness centres and trainers, besides monetising its software solutions.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Furnishing & Wood Works
    About Us: WÜRFEL KÜCHE is a premium modular kitchen and wardrobe..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About Dumpling MomoPartner with the emerging Tibetan snack brand of..
    Locations looking for expansion West Bengal
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 100 - 700 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • About Us: Lockene Private Limited is the leading solution provider of..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 50 K - 2lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Nagpur Maharashtra
  • Run your own preschool & provide quality education by joining..
    Locations looking for expansion Goa
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 900
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater North Goa Goa
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities