About Growfitter
Growfitter is a company based in Mumbai (India) founded in 2016 by Sanmati Pande and Harshit Sethy. Growfitter has raised $3.76 million across 8 funding rounds from investors including DevX, Mumbai Angels and Venture Catalysts. Growfitter operates in a competitive market with competitors including Cult.fit, HealthifyMe, Wellhub, Lark Health and Gymlib, among others.
- Headquarter Mumbai, India
- Founders Sanmati Pande, Harshit Sethy
- Stage Minicorn
- SectorsHealthcareRetail Technology
- Email••••••••
- Phone•••• ••••
- Website growfitter.com
- Social LinkedIn X Facebook
- Legal Name Growfitter Private Limited
- Date of Incorporation 19 May, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹19.4 Lakh
FY 2021 · -93% YoY
- Net Loss-₹1.99 Cr
FY 2021 · -1027% margin
- EBITDA-₹1.94 Cr
FY 2021 · -999% margin
- Total Equity Funding$3.76M (USD)
in 8 rounds
- InvestorsDevX
& 97 more
Associated legal entities of Growfitter
Growfitter operates through Growfitter Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Growfitter Private Limited CIN U93000MH2016PTC281315 | Active | 19 May 2016 | Mumbai, Maharashtra | ₹0.2 Cr | – | 2 | View details |
Apps and channels of Growfitter
Growfitter publishes 2 mobile apps with over 1M+ downloads.
Funding Insights of Growfitter
Growfitter has successfully raised a total of $3.76M across 8 strategic funding rounds. 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 $3.76M
- Total Rounds 8
- First Round $638,051
(Mar 2017)
- Investors Count 98
All 8 funding rounds of Growfitter 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 |
|---|---|---|---|---|---|
| Aug 2023 | – | Seed | – | Soonicorn Ventures | – |
| Aug 2022 | $645,558 | Seed | $4.9M | Venture Catalysts, Baksh Capital | |
| Mar 2022 | $1M | Seed | – | Inflection Point Ventures | |
| Feb 2022 | $120,000 | Seed | – | DevX | – |
| Feb 2022 | $66,819 | Angel Round | – | – | |
| Aug 2021 | $1.29M | Seed | $5.41M | Talwalkars | |
| May 2021 | – | Seed | – | Alchemist Accelerator | – |
| Mar 2017 | $638,051 | Seed | $••••• | SQue Capital, Manisha Gupta |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2022 | $4.9M | •••••••• |
| Aug 2021 | $5.41M | •••••••• |
| Mar 2017 | $••••• | •••••••• |
Full valuation and stage history of Growfitter
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 $4.9M (Aug 2022). 98 investors in total: 29 institutional and 69 angel.
Investors in Growfitter
Growfitter has secured backing from 98 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include DevX, Mumbai Angels and Venture Catalysts.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment platform for building investor communities and facilitating startup deals. | 2022 | soonicornventures.com | Gurugram, India | |
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Single family office investing in multiple sectors | – | baksh.sg | Singapore, Singapore | |
Sports tech startups are invested in by Unitive Venture fund. | – | unitiveventure.tcc.mode | - | |
Startup accelerator | 2016 | znationlab.com | Cupertino, United States | |
Early-stage investments in US tech and life sciences are targeted. | – | lasolasvc.com | Fort Lauderdale, United States | |
Private equity firm focused on multiple sectors | – | isgbrands.tcc.mode | Delhi, India | |
Venture capital investment in tech-startups | – | firstportcapital.tcc.mode | Gurugram, India | |
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Angel investing, knowledge sharing, and networking services for investors. | 2020 | startupangelsnetwork.com | Gurugram, India |
Investor details for Growfitter
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Growfitter Private Limited (Growfitter)
Growfitter Private Limited is the primary company behind Growfitter. The board of Growfitter Private Limited currently have 2 directors; the longest-serving is Sanmati Anilkumar Pande, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanmati Anilkumar Pande DIN 07217370 | Director | 19 May 2016 | 10 yrs 4 mo | Growfitter Private Limited |
| Harshit Sethy DIN 07344311 | Director | 19 May 2016 | 10 yrs 4 mo | Growfitter Private Limited |
People of Growfitter
8 people are tracked at Growfitter (4 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership | |
Sakshi Kashyap | VP of Marketing | Leadership |
Sanmati Pande ACA, CPA(Australia),ACMA(U.K),MBA | Co-founder & CEO | Leadership |
Devansh shah | Full-stack Developer | Team |
Sachin Ramane | Frontend Developer | Team |
Akshay Pakhare | Full Stack Developer | Team |
Aniket K. | Technical Support Staff | Team |
Complete people profiles for Growfitter
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Growfitter
Figures of Growfitter Private Limited, the primary company behind Growfitter, for FY 2021. Revenue was ₹19.4 Lakh (-93% year on year). Net loss was -₹1.99 Cr (-1027% margin). EBITDA was -₹1.94 Cr (-999% margin). Revenue has grown at a compounded annual rate of -57% over three years.
- ₹19.4 LakhRevenue · FY 2021 · -93% YoY
- -₹1.99 CrNet loss · -1027% margin
- -₹1.94 CrEBITDA · -999% margin
- ₹8.1 LakhPaid-up capital
- -57%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Growfitter Private Limited are on its company page.
Detailed financial statements for Growfitter
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Growfitter
4 dated milestones of Growfitter across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Growfitter is founded.
- Funding First funding round of $638K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
Competitors of Growfitter
Growfitter 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 Cult.fit, HealthifyMe, Wellhub, Lark Health and Gymlib, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cult.fit | 2016 | Bengaluru, India | $666.57M | 1,832 | Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | |
| healthifyme.com | 2012 | Bengaluru, India | $145.25M | – | AI-powered personalized nutrition and fitness coaching is provided. | |
| wellhub.com | 2012 | New York, United States | $85M | 213 | Cloud-based wellness programs are offered for employee health and productivity. | |
| lark.com | 2011 | Mountain View, United States | $162.17M | 190 | AI-powered platform offering various fitness and wellness services | |
| gymlib.com | 2013 | – | $16.32M | – | An online pay-as-you-go marketplace for fitness centers is operated. | |
| noom.com | 2008 | New York, United States | $623.85M | 793 | Provider of a digital platform for weight loss management and behavior change | |
| mapmyfitness.com | 2007 | Austin, United States | $19.15M | – | Personalized fitness training is delivered via a mobile application. | |
| kaiahealth.com | 2016 | New York, United States | $119.06M | 43 | Provider of digital musculoskeletal pain management solutions | |
| aaptiv.com | 2016 | New York, United States | $60.95M | – | Audio-based fitness training is delivered through a mobile application. | |
| goqii.com | 2014 | Redwood, United States | $109.68M | – | Provider of a wearable wristband integrated with personalized coaching |
Detailed competitors of Growfitter
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Growfitter
The website of Growfitter (growfitter.com) receives about 6.2K visits a month.
- Monthly visits6.2K
▼ 44.3% vs previous month
Websites whose visitors overlap most with Growfitter. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
acchevibes.com | acchevibes.com | 100% | – | #6,861,019 | – |
| fitpass.co.in | 90% | 426.8K | #123,496 | View details | |
| whatshot.in | 86% | 125.8K | #368,672 | View details | |
slamfitnessstudio.in | slamfitnessstudio.in | 86% | – | #888,162 | – |
| lbb.in | 86% | 1.1M | #53,897 | View details |
Latest news on Growfitter
Complete news archive for Growfitter
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Growfitter
10 companies that operate in the same segment as Growfitter (Fitness & Wellness Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,660 | |
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 713.57 M | – | – | |
Fitness class memberships are offered across various gyms and studios. | 2013 | New York, New York, United States | USD 524.53 M | – | 1,046 | |
Connected devices for health, sleep, and activity monitoring are developed. | 2008 | Moulineaux, Seine-maritime, France | USD 93.83 M | – | – | |
Subscription-based social networking platform for runners and cyclists | 2009 | San Francisco, California, United States | USD 144.6 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Health-tracking smart rings and biosensors are developed for biometric monitoring. | 2013 | Oulu, North Ostrobothnia, Finland | USD 1.32 B | – | – | |
Provider of SaaS-driven business management software for beauty salons and fitness centers | 2001 | San Luis Obispo, California, United States | USD 118.01 M | – | – | |
Smartwatches and fitness trackers are provided for activity monitoring. | 2007 | San Francisco, California, United States | USD 65.05 M | USD 3.88 | – | |
Subscription-based marketplace for sports and fitness venues is offered. | 2012 | Berlin, Berlin, Germany | USD 198.07 M | – | – |
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Frequently Asked Questions about Growfitter
Growfitter was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Growfitter is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sanmati Pande is the current CEO of Growfitter. They have also founded this company.
Growfitter is a funded company, having raised a total of $3.76M across 8 funding rounds to date. The company's 1st funding round was a Seed of $638.05K, raised on Mar 2017.
The primary company behind Growfitter, Growfitter Private Limited, reported revenue of ₹19.4 Lakh for FY 2021, down 93% year on year.
Growfitter was founded in 2016 in Mumbai, India, within the wellness and fitness sector. An incentivized platform is operated to support healthy habits among individuals and families. Access to a network of fitness centers and online personal trainers is provided, alongside personalized workout plans. User engagement is tracked through an app with a rewards system for consistent activities. A store for fitness essentials and merchandise is also maintained.
Growfitter's top competitors include Cult.fit, Wellhub and Lark Health.
Growfitter has 98 investors. Key investors include DevX, Mumbai Angels, Venture Catalysts, Z Nation Lab, and Talwalkars.
The valuation of Growfitter is $4.9M as of Aug 2022.
Growfitter operates through Growfitter Private Limited.
The legal entities of Growfitter currently have 2 directors, including Sanmati Anilkumar Pande, Harshit Sethy.
Yes. Growfitter publishes Growfitter Walk & Earn Rewards and 1 more app, with over 1 million downloads.