About Grow Fit
Grow Fit is a Consumer company based in Bengaluru (India) founded in 2015. Multi-category grocery products for fitness and wellness are offered online. It operates in the Consumer and Retail sectors. Grow Fit has raised $21.13 million across 4 funding rounds from investors including Manipal Group, Navodyam and Alpha Wave Global. The company has 444 employees. Grow Fit has completed 1 acquisition, including DrinkKing. Grow Fit was last valued at $55.9 million in July 2021. Its focus areas include Food and Agriculture, Food & Beverage Products, Multi-category and Internet First Brand.
Company details
Grow Fit was founded in 2015 in Bengaluru, India, as an internet-first brand in the grocery sector. Multi-category products, including low-carb foods, protein-rich snacks, meal replacements, and dietary supplements, are provided through an online platform. Various formulations are available to address weight management, fitness, and general well-being, with a focus on healthy eating options across the region.
- Headquarters Bengaluru, India
- Employees 444
- Stage Minicorn
- SectorsConsumerRetail
- Email••••••••
- Phone•••• ••••
- Website getgrowfit.in/password
- Social LinkedIn X Facebook
- Annual Revenue$5.48 K (USD)-90as on Mar 31, 2024
- Net Profit-$44.38 K (USD)-1831as on Mar 31, 2024
- EBITDA-$26.83 K (USD)-195as on Mar 31, 2024
- Total Equity Funding$21.13M (USD)
in 4 rounds
- Latest Funding Round$11.87M (USD), Series B
Jul 2021
- InvestorsManipal Group
& 13 more
- Employee Count444
- Investments & Acquisitions
Associated legal entities of Grow Fit
Grow Fit is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hygiene Bigbite Private Limited CIN U15400KA2016PTC094930 | Active | 12 Jul 2016 | Bangalore, Karnataka | ₹63.2 Cr | 175 | 2 | View details |
| Healthzone Organic Foods Private Limited CIN U15400KA2015PTC081772 | Active | 23 Jul 2015 | Bangalore, Karnataka | ₹0.0 Cr | 33 | 3 | View details |
Funding Insights of Grow Fit
Grow Fit has successfully raised a total of $21.13M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $11.87 million completed in July 2021. 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 $21.13M
- Total Rounds 4
- Last Round Series B — $11.87M
- First Round $4.5M
(Mar 2017)
- Investors Count 14
All 4 funding rounds of Grow Fit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | $11.87M | Series B | $55.9M | Alpha Wave Global | |
| Mar 2021 | $3.52M | Series A | $11.5M | Alpha Wave Global | |
| Dec 2019 | $1.24M | Series A | $••••• | Alpha Wave Global | |
| Mar 2017 | $4.5M | Series A | – | Manipal Group, SAR |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2021 | $55.9M | •••••••• |
| Mar 2021 | $11.5M | •••••••• |
| Dec 2019 | $••••• | •••••••• |
Full valuation and stage history of Grow Fit
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $55.9M (Jul 2021). 14 investors in total: 10 institutional and 4 angel.
Investors in Grow Fit
Grow Fit has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Manipal Group, Navodyam and Alpha Wave Global.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on growth-stage companies | alphawaveglobal.com | New York, United States | ||
Venture capital funding is provided to innovative startups in India. | qedinnovationlabs.tcc.mode | Mumbai, India | ||
Venture capital fund focused on multiple sectors | mniventures.tcc.mode | Port Louis, Mauritius | ||
Multiple sectors are targeted by Grover Trust's venture capital fund. | grovertrust.tcc.mode | |||
Provides university programs in finance, business, IT, and management studies. | 1992 | vistula.edu.pl | Warsaw, Poland | |
| vistula.tcc.mode | ||||
Education, healthcare, insurance, and research services are provided globally. | 1993 | manipalgroup.com | Bengaluru, India | |
Diversified conglomerate operating in energy storage and power electronics | sar-group.com | Gurugram, India | ||
A foundation focused on primary healthcare services | 2015 | navodyam.in | Gurugram, India | |
| ventureconsultantsinc.com |
Investor details for Grow Fit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Grow Fit
The boards of the 2 registered companies of Grow Fit currently have 4 directors; the longest-serving is Jyotsna Pattabiraman, appointed in 2016. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jyotsna Pattabiraman DIN 02010738 | Director | 30 Dec 2016 | 9 yrs 9 mo | Healthzone Organic Foods Private Limited |
| Kiran Prasad Ananthan Pillai DIN 06562116 | Director | 02 Aug 2022 | 4 yrs 2 mo | Healthzone Organic Foods Private Limited, Hygiene Bigbite Private Limited |
| Ganesh Krishnan DIN 01184779 | Director | 27 Nov 2023 | 2 yrs 11 mo | Hygiene Bigbite Private Limited |
| Srinivas Anumolu DIN 07618525 | Director | 01 Mar 2024 | 2 yrs 7 mo | Healthzone Organic Foods Private Limited |
Financials of Grow Fit
Figures of Healthzone Organic Foods Private Limited, the primary company behind Grow Fit, for FY 2024. Revenue was ₹4.5 Lakh (-90% year on year). Net loss was -₹36.7 Lakh (-810% margin). EBITDA was -₹22.2 Lakh (-490% margin). Revenue has grown at a compounded annual rate of -81% over three years and -66% over five years.
- ₹4.5 LakhRevenue · FY 2024 · -90% YoY
- -₹36.7 LakhNet loss · -810% margin
- -₹22.2 LakhEBITDA · -490% margin
- ₹2.6 LakhPaid-up capital
- 33Employees (provident fund records)
- -81%Revenue CAGR, 3 years
- -66%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Healthzone Organic Foods Private Limited are on its company page.
Detailed financial statements for Grow Fit
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Grow Fit
Grow Fit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DrinkKing.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Health-focused meal replacement beverages are delivered via subscription. | drinkking.club | Bengaluru, India | 2015 | Sep 2016 | •••• |
Complete acquisition details for Grow Fit
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
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Verified entity values are shown only after access is granted.
Timeline of Grow Fit
6 dated milestones of Grow Fit across 6 years, from founding to its latest funding, stage changes and deals.
Web traffic of Grow Fit
Websites that share an audience with Grow Fit (getgrowfit.in).
Websites whose visitors overlap most with Grow Fit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
growfitz.com | growfitz.com | 100% | #5,002,168 | – |
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Grow Fit (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 97.26 M | 2,828 |
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Related news about Grow Fit
Complete news archive for Grow Fit
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Frequently Asked Questions about Grow Fit
Grow Fit was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Grow Fit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Grow Fit is a funded company, having raised a total of $21.13M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.5M, raised on Mar 2017.
Grow Fit has 444 employees.
Annual revenue of Grow Fit is $5.48K as on Mar 31, 2024.
Grow Fit was founded in 2015 in Bengaluru, India, as an internet-first brand in the grocery sector. Multi-category products, including low-carb foods, protein-rich snacks, meal replacements, and dietary supplements, are provided through an online platform. Various formulations are available to address weight management, fitness, and general well-being, with a focus on healthy eating options across the region.
Grow Fit has made 1 acquisition, including DrinkKing.
Grow Fit has 14 investors. Key investors include Manipal Group, Navodyam, Alpha Wave Global, QED Innovation Labs, and Vistula University.
The valuation of Grow Fit is $55.9M as of Jul 2021.
Grow Fit is associated with 2 legal entities: Healthzone Organic Foods Private Limited, Hygiene Bigbite Private Limited.
The legal entities of Grow Fit currently have 4 directors, including Srinivas Anumolu, Kiran Prasad Ananthan Pillai, Jyotsna Pattabiraman and others.