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
Not available
- 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.
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.
People of Actofit
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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.
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.
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Investments in debt, equity, real estate, and technology sectors for sustainable value.
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Investment in renewable energy and startups in India.
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Manufacturer of apparels for men, women, and children
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Investor details for Actofit
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Investments & Acquisitions by Actofit
Actofit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Adkitty.
Investment portfolio details for Actofit
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- Transaction dates
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Display advertising services are provided for digital campaigns.
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Complete acquisition details for Actofit
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Financial Statements - Actofit
Detailed financials for Actofit
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Actofit Comparisons
Peer comparison for Actofit
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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.
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Connected devices for health, sleep, and activity monitoring are developed.
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Smartwatches and fitness trackers are provided for activity monitoring.
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Provider of a smart wearable device for physical activities monitoring
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Personal healthcare devices for vital monitoring are designed and produced.
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Smart fitness trackers and watches are developed for performance monitoring.
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Provider of a wearable wristband integrated with personalized coaching
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Detailed competitors of Actofit
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Latest news on Actofit
Frequently Asked Questions about Actofit
Actofit was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Actofit is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Actofit is a funded company, having raised a total of $867.04K across 3 funding rounds to date.
Annual revenue of Actofit is $451.92K as on Mar 31, 2023.
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.
Actofit offers Smartscale, Actofit CGM, Actofit Ultra Smartwatch, and Actofit Wellness Program.
Actofit has made 1 acquisition, including Adkitty.
Actofit has 21 investors. Key investors include Artha Energy Resources, Artha India Ventures, Next Orbit Ventures, Texport Industries, and RB Ventures.
The valuation of Actofit is $4.06M as of Jul 2023.