About DietBet
DietBet is a company based in New York (United States) founded in 2011.. DietBet has raised $1.88 million across 2 funding rounds. DietBet offers products and services including DietBet Platform and Weight Loss Games. DietBet operates in a competitive market with competitors including Zombies Run, The Conqueror, The Walk Game, TopLogger and RocketJourney, among others.
- Headquarter New York, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Waybetter Marketing, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.88 M (USD)
in 2 rounds
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Latest Funding Round
$1.1 M (USD), Seed
Jun 01, 2013
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Investors
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Employee Count
Employee Count
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Products & Services of DietBet
DietBet offers a comprehensive portfolio of products and services, including DietBet Platform and Weight Loss Games. 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.
App for joining weight loss bets and tracking community challenges.
Games like Transformer for setting and achieving weight goals.
Funding Insights of DietBet
DietBet has successfully raised a total of $1.88M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.1 million completed in June 2013. 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 2
- Last Round Seed — $1.1M
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First Round
First Round
(01 Aug 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2013 | Amount | Seed - DietBet | Valuation |
investors |
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| Aug, 2011 | Amount | Seed - DietBet | Valuation |
investors |
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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 |
Investments & Acquisitions by DietBet
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 |
Financial Statements - DietBet
| 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 |
Dietbet Comparisons
Competitors of DietBet
DietBet 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 Zombies Run, The Conqueror, The Walk Game, TopLogger and RocketJourney, 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 |
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| domain | founded_year | HQ Location |
Fitness app combining running, music, and interactive stories to motivate exercise.
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Virtual platform for app-based fitness challenges and themed adventures.
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Interactive app that turns real-life walking into a thrilling adventure story.
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Serves as a mobile app for gyms and indoor climbing activities.
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Workplace wellness programs and engagement tools are provided for employees.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 DietBet
When was DietBet founded?
DietBet was founded in 2011.
Where is DietBet located?
DietBet is headquartered in New York, United States. It is registered at New York, New York, United States.
Is DietBet a funded company?
DietBet is a funded company, having raised a total of $1.88M across 2 funding rounds to date. The company's 1st funding round was a Seed of $776.02K, raised on Aug 01, 2011.
What does DietBet do?
DietBet is a gamification app for weight loss. The game model is as follows: at the start of the game, players pay into a pot and bet on themselves to reach a certain weight goal, based on their starting weight. At the end of the game, everyone who reaches their goal splits the pot. The winners get paid to lose weight. Its platform allow game organizers and players to invite players by email and Facebook; lets players import data from RunKeeper, MapMyFitness, and Withings; and iPhone application lets players post comments, update their weight, and upload photos throughout the game. DietBet is the flagship product of WayBetter, a behaviour modification company. It is also planning to launch StepBet for wearables in 2016.
Who are the top competitors of DietBet?
DietBet's top competitors include PlayFitt, ShapeJoy and RocketJourney.
What products or services does DietBet offer?
DietBet offers DietBet Platform and Weight Loss Games.