About Fitternity
Fitternity is a company based in Mumbai (India) founded in 2013 by Nidhi Motwani, Karan Haresh Motwani, and Anjana Haresh Motwani was acquired by Cult.fit in February 2021.. Fitternity has raised $10.91 million across 7 funding rounds from investors including Cult.fit, Exfinity Venture Partners and Sixth Sense Ventures. The company has 2 employees as of March 31, 2023. Fitternity operates in a competitive market with competitors including Fitpass, Gympik, Aurozen, Sisters In Sweat and FitMeIn, among others.
- Headquarter Mumbai, India
- Employees 2 as on 31 Mar, 2023
- Founders Nidhi Motwani, Karan Haresh Motwani, Anjana Haresh Motwani
- Stage Minicorn
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Sectors
HealthcareBusiness Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$674.73 K (USD)19as on Mar 31, 2023
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Net Profit
$-1.53 M (USD)39as on Mar 31, 2023
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EBITDA
$-1.38 M (USD)44as on Mar 31, 2023
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Total Equity Funding
$10.91 M (USD)
in 7 rounds
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Latest Funding Round
$489.74 K (USD), Series B
Jul 06, 2020
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Investors
Cult.fit
& 35 more
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Employee Count
2
as on Mar 31, 2023
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Acquired by
Cult.fit
(Feb 09, 2021)
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Funding Insights of Fitternity
Fitternity has successfully raised a total of $10.91M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $489.74 thousand completed in July 2020. 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 7
- Last Round Series B — $489,735
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First Round
First Round
(23 Jul 2015)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series B - Fitternity | Valuation | Sixth Sense Ventures | |
| Mar, 2020 | Amount | Series A - Fitternity | Valuation | Sixth Sense Ventures | |
| Aug, 2019 | Amount | Series A - Fitternity | Valuation | Sixth Sense Ventures |
| 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 Fitternity
Fitternity has secured backing from 36 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Cult.fit, Exfinity Venture Partners and Sixth Sense 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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Venture capital fund investing in consumer-focused startups in India.
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Founded Year | Domain | Location | |
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Single family office of BL Taparia, chairman of Supreme Industries
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Founded Year | Domain | Location | |
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Avaana Capital is engaged in venture capital investments for deep tech startups.
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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 Fitternity
| 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 - Fitternity
| 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 |
Fitternity Comparisons
Competitors of Fitternity
Fitternity 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 Fitpass, Gympik, Aurozen, Sisters In Sweat and FitMeIn, 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 |
Subscription-based platform for multiple fitness classes is offered.
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| domain | founded_year | HQ Location |
App-based platform connecting personal health trainers & prospective clients
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| domain | founded_year | HQ Location |
Provides an online platform for listing and booking gyms and fitness centers.
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| domain | founded_year | HQ Location |
Women's fitness and wellness are supported through diverse sporting activities.
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| domain | founded_year | HQ Location |
Subscription-based access to partnering gyms and fitness centers is provided.
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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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Latest news on Fitternity
Frequently Asked Questions about Fitternity
When was Fitternity founded?
Fitternity was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Fitternity located?
Fitternity is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Fitternity a funded company?
Fitternity is a funded company, having raised a total of $10.91M across 7 funding rounds to date. The company's 1st funding round was a Series A of $1M, raised on Jul 23, 2015.
How many employees does Fitternity have?
As of Mar 31, 2023, the latest employee count at Fitternity is 2.
What is the annual revenue of Fitternity?
Annual revenue of Fitternity is $674.73K as on Mar 31, 2023.
What does Fitternity do?
Fitternity is an online portal that offers a search engine for gyms, trainers and workout spaces in a location. Users can also browse through various fitness and health related articles on the platform. The platform also serves as a community for users to have discussions related to health and wellness. Users can join community forums related to various activities in their location. The portal also offers information about upcoming health related events at various locations. The platform also offers a retail store for various health related products such as fitness diet products, equipment, daily use health devices etc. Raised pre-series A from Exfinity Venture Partners and SAHA fund.
Who are the top competitors of Fitternity?
Who are Fitternity's investors?
Fitternity has 36 investors. Key investors include Cult.fit, Exfinity Venture Partners, Sixth Sense Ventures, Aarin Capital, and Saha Fund.
What is Fitternity's valuation?
The valuation of Fitternity is $16.92M as of Jul 2020.