Cube Club Gets Backing From Dream11’s Founder In $1.1 Mn Round, Launches Social Fitness Network Dopamine
Cube Club, a multi-dimensional fitness solution startup, has raised $1.1 million (Rs 9.1 crore) in a seed funding round. The funding round saw participation from the Salgaocar family office, Rajiv Sahney of New Vernon Capital, Harsh Jain (Dream11’s founder), and Siddharth Ladsariya (Everest Fleet’s founder).
The fitness solution startup has also launched its social fitness network, Dopamine. As per the startup, their newly launched social fitness network focuses on connecting fitness enthusiasts around the world, amplifying their motivation and engagement levels.
Cube Club | Fitness Solution Startup
Co-founded by Pratik Agarwal, Siddhesh Ghuge, and Yash Thakur, Cube Club is a multi-dimensional fitness solution startup that offers fitness equipment, training, and community.
Its newly launched app, Dopamine, offers challenges, influencer content, and rewards for their fitness achievements. As per the startup, the app will use Artificial intelligence to provide personalized recommendations, track progress, offer insights based on their preferences, and enhance their user experience.
Dopamine | Social Fitness Network
Dopamine will act as an exclusive Cube Club community that will focus primarily on connecting fitness enthusiasts. Additionally, the social fitness network app will also provide a platform for fitness experts to showcase their offerings.
Speaking about the development, Pratik Agarwal, Co-founder of Dopamine, said,
“At Dopamine, we are not just building a fitness app; we are cultivating an ecosystem that unites fitness aficionados, trainers, fitness centers, and product brands under one virtual roof. Our vision is to create an environment where every user feels inspired, connected, and empowered to achieve their fitness goals.”
In August, AI-based fitness platform All Is Well raised $250,000 (Rs 2.07 crore) in a funding round to add new sports and integrate wearable technology into its existing AI-based digital product.
The health and fitness market in India is expected to reach to $34.6 million by 2027, growing at a compound annual growth rate of 9.39 per cent, as per Statista. Last year, the industry was valued at $21.35 million, with revenue through in-app purchase revenue reaching $14.77 million in 2022.
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