 |
|
|
 |
27 Sep 2021
Fittr raises US$11.5m In Series A round to grow its digital services
BY
Tom Walker
|
Fittr will use the funding to accelerate its growth and expansion into new markets
photo: Shutterstock/Pindyurin Vasily
Digital health and fitness platform Fittr has raised US$11.5m in a Series A funding round. The investment was led by Dream Capital – the Corporate Venture Capital and M&A arm of Dream Sports – and Elysian Park Ventures, the private investment arm of the group which owns Major League Baseball (MLB) franchise LA Dodgers.
The new capital will enable India-based Fittr to accelerate its growth and expansion into new markets, including North America, the UK and Singapore, which currently accounts for 30 per cent of the company's overall revenue.
Fittr will also use the funding to educate the Indian population around health and fitness.
Jitendra Chouksey, Fittr CEO and founder, said: "Elysian Park Ventures and Dream Capital joining the community enables us to accelerate our work to help millions of people around the world get fit, and also to create meaningful career opportunities in the health & fitness industry over the next few years."
Dev Bajaj, MD of Dream Capital, said the fitness technology sector plays a major role in the group's plans.
"Dream Capital considers fitness-tech as a key focus sector due to highly overlapping demographics with sports-tech," Bajaj said.
"Within this industry, Fittr's organic and highly engaged community has been particularly impressive. We look forward to participating in Fittr's journey in building out a full-stack fitness-tech platform made for a global user base."
Available on Android and iOS, Fittr is based on offering a holistic approach to fitness and wellness, combining coaching, workouts and nutritional advice.
 |
|
|
|
|
|
|
|
|
|
Connect with
Leisure Management |
|
|
|
|
|
|
|
|
|
|
|
|
|
| News headlines |
|
|
|
 |
|
24 Apr 2024
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in
.... more>> |
|
|
|
 |
|
24 Apr 2024
Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity, according to new
.... more>> |
|
|
|
 |
|
24 Apr 2024
Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House. Based in New York’s verdant
.... more>> |
|
|
|
 |
|
23 Apr 2024
Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection.
.... more>> |
|
|
|
 |
|
23 Apr 2024
With the launch of its 49th John Reed, RSG Group is looking for more opportunities for its high-end brand in the US and Europe. Cosmopolitan cities
.... more>> |
|
|
|
 |
|
23 Apr 2024
PureGym saw revenues rise by 15 per cent in 2023, with the company announcing plans to develop 200 new clubs in the next three to four years.
.... more>> |
|
|
|
|
|
 |
|
| Company profile |
|
Swissline by Dermalab
Inspired by the science of cellular rejuvenation, Swissline was founded in Switzerland in 1989, igniting a longstanding passion for developing formulas that harness the power of biotechnology and embody the precision synonymous with Switzerland.
View full profile>> |
|
| Catalogue gallery |
|
|
| Featured Supplier |
|
 |
|
|
|
in this issue
• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources
|
|
|
|
|
|
|
 |
| Latest jobs |
 |
Party Leader
Salary: Competitive
Location: Gainsborough
Company: Everyone Active
|
|
|
|
|
|
| Diary dates |
|
| Powered
by leisurediary.com |
 |
|
|
|
|
