Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 24 2018

Fitness aggregator Gympik gets double investment from RoundGlass Partners

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

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.

Comment
image
Related opportunities
  • Kids Entertainment Zones
    About Us: Launched in 2012, SMAAASH is one of India's acclaimed..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2011
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater new Delhi Delhi
  • Others Food Service
    About Us: Punjabi Chaap Corner well known as PCC founded in..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Established in August 2015, Hashtag Foods is a headed..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi New Delhi
  • Gyms and Fitness Centres
    About: EXTREME is an iconic lifestyle brand fuelled by the passion, creativity, and ..
    Locations looking for expansion Delhi
    Establishment year 1998
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities