Growfitter Raises $1 Million In Funding Led By Inflection Point Ventures
Growfitter, a health and fitness discovery platform, has raised $1 million in a funding round led by Inflection Point Ventures.
Mumbai Angels, Startup Angel Network, First Port Capital, DevX Accelerator Fund, Blockchain Founders Fund (Singapore), JPIN and angel investors Mohit Burman (Vice-chairman of Dabur India) and Aman Gupta (Co-founder and CMO of Boat) also joined the funding round.
The startup will use the fresh capital for building technology infrastructure and expanding business operations, hiring and branding of the platform.
Growfitter | Gamified Digital Health Reward Platform
Founded by Sanmati Pande and Harshit Sethy, Growfitter is a gamified digital health reward platform that adds financial benefits to your physical activity.
The health and fitness discovery platform offers goal-based rewards (short, mid & long term) from consumer health and wellness brands and retail financial services from credit cards to health insurance for 30 mins walking, running, cycling, & health quiz on a daily basis.
Speaking about the development, Sanmati Pande, Co-founder and CEO of Growfitter, said,
“IPV is one of the best investment platforms run by industry veterans & professionals. Vinay Bansal (founder & CEO, Inflection Point Ventures) has been a great support by providing not just growth capital but also strategic partnerships to scale the business. Their turnaround time to close the round was phenomenal.”
Growfitter claims to have over 20,000 paid subscribers and more than three million visitors on its website.
The health and fitness discovery platform has partnerships with leading brands including Jockey, Paytm, Myntra, P&G, Puma, Lakme, Ixigo, Blinkit, Tata 1mg, WazirX, MFine, Ease My Trip, PharmEasy, & MyGlamm for their reward programme. Growfitter has also signed an MoU as a licensed group insurance partner with Aditya Birla Health Insurance & Raheja QBE.
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