About Actofit
Actofit is a company based in Mumbai (India) founded in 2014 by Tushar Patil.. Actofit has raised $867.04 thousand across 3 funding rounds from investors including Artha Energy Resources, Artha India Ventures and Next Orbit Ventures. Actofit has completed 1 acquisition, including Adkitty. Actofit offers products and services including Smartscale, Actofit CGM, Actofit Ultra Smartwatch, and Actofit Wellness Program. Actofit operates in a competitive market with competitors including Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others.
- Headquarter Mumbai, India
- Founders Tushar Patil
- Stage Minicorn
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Sectors
HealthcareTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Oxstren Wearable Technologies Private Limited
- Date of Incorporation 22 May, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$451.92 K (USD)-9.59as on Mar 31, 2023
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Net Profit
$20.53 K (USD)132.93as on Mar 31, 2023
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EBITDA
$24.49 K (USD)-79.97as on Mar 31, 2023
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Total Equity Funding
$867.04 K (USD)
in 3 rounds
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Latest Funding Round
$255.87 K (USD), Seed
Jul 01, 2023
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Investors
Artha Energy Resources
& 20 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Actofit
Actofit offers a comprehensive portfolio of products and services, including Smartscale, Actofit CGM, Actofit Ultra Smartwatch, and Actofit Wellness Program. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tracks body composition and weight for health monitoring.
Monitors glucose levels in real-time for metabolic tracking.
Provides advanced fitness and health metric tracking features.
Offers personalized plans for long-term health improvement.
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Funding Insights of Actofit
Actofit has successfully raised a total of $867.04K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $255.87 thousand completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $255,874
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First Round
First Round
(01 Jul 2015)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - Actofit | Valuation |
investors |
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| Jul, 2016 | Amount | Seed - Actofit | Valuation | Next Orbit Ventures | |
| Jul, 2015 | Amount | Seed - Actofit | Valuation | Next Orbit Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Actofit
Actofit has secured backing from 21 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Artha Energy Resources, Artha India Ventures and Next Orbit Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in debt, equity, real estate, and technology sectors for sustainable value.
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Founded Year | Domain | Location | |
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Investment in renewable energy and startups in India.
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Founded Year | Domain | Location | |
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Manufacturer of apparels for men, women, and children
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Actofit
Actofit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Adkitty. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Display advertising services are provided for digital campaigns.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Actofit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Actofit Comparisons
Competitors of Actofit
Actofit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Connected devices for health, sleep, and activity monitoring are developed.
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| domain | founded_year | HQ Location |
Smartwatches and fitness trackers are provided for activity monitoring.
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| domain | founded_year | HQ Location |
Provider of a smart wearable device for physical activities monitoring
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| domain | founded_year | HQ Location |
Personal healthcare devices for vital monitoring are designed and produced.
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| domain | founded_year | HQ Location |
Smart fitness trackers and watches are developed for performance monitoring.
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| domain | founded_year | HQ Location |
Provider of a wearable wristband integrated with personalized coaching
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Actofit
When was Actofit founded?
Actofit was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Actofit located?
Actofit is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Actofit a funded company?
Actofit is a funded company, having raised a total of $867.04K across 3 funding rounds to date. The company's 1st funding round was a Seed of $157.69K, raised on Jul 01, 2015.
What is the annual revenue of Actofit?
Annual revenue of Actofit is $451.92K as on Mar 31, 2023.
What does Actofit do?
Actofit was founded in 2014 in Mumbai, India, and operates within the fitness technology sector. A range of connected devices is offered, including smart scales for weight tracking, wrist wearables, chest straps, badminton activity trackers, and nutrition monitoring tools. These products focus on personal health data collection and integration for users in various fitness routines.
Who are the top competitors of Actofit?
What products or services does Actofit offer?
Actofit offers Smartscale, Actofit CGM, Actofit Ultra Smartwatch, and Actofit Wellness Program.
How many acquisitions has Actofit made?
Actofit has made 1 acquisition, including Adkitty.
Who are Actofit's investors?
Actofit has 21 investors. Key investors include Artha Energy Resources, Artha India Ventures, Next Orbit Ventures, Texport Industries, and RB Ventures.
What is Actofit's valuation?
The valuation of Actofit is $4.06M as of Jul 2023.
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