Growfitter raises $1 million in pre-Series A funding led by IPV Ventures
- ByStartupStory | March 16, 2022
Inflection Point Ventures led a $1 million pre-Series A financing for health and fitness platform Growfitter. First Port Capital, Mumbai Angels, Startup Angel Network, DevX Accelerator Fund, Blockchain Founders Fund (Singapore), and JPIN also participated in the financing.
According to a news statement, the monies will be used to improve technology infrastructure, expand company operations, hire people, and brand the platform.
Growfitter is a digital company founded in 2015 by Sanmati Pande and Harshit Sethy that adds financial rewards to physical exercise and offers a monthly subscription to cover all healthcare bills. It’s a machine learning technology startup that’s raising India’s health quotient and using technology to revolutionize the health, wellness, and fitness market.
P&G, Puma, Jockey, Paytm, Myntra, Lakme, Ixigo, Blinkit (previously known as Grofers), Tata 1mg, WazirX, MFine, Ease My Trip, Pharmeasy, MediBuddy, and MyGlamm are among the premium brands with whom Growfitter has partnered for their reward program.
More than 5 million users have scanned the platform’s QR codes, which have been deployed in over 1000 fitness centres around the country.
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