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
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Sectors
HealthcareRetail Technology
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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 Growfitter Private Limited
- Date of Incorporation 19 May, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$26.09 K (USD)-93.3as on Mar 31, 2021
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Net Profit
$-267.83 K (USD)-7.29as on Mar 31, 2021
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EBITDA
$-272.62 K (USD)-3.41as on Mar 31, 2021
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Total Equity Funding
$3.76 M (USD)
in 8 rounds
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Latest Funding Round
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Investors
DevX
& 97 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 8
- Last Round Last Round
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First Round
First Round
(06 Mar 2017)
- Investors Count 98
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Seed - Growfitter | Valuation | Soonicorn Ventures |
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| Aug, 2022 | Amount | Seed - Growfitter | Valuation | Venture Catalysts , Baksh Capital | |
| Mar, 2022 | Amount | Seed - Growfitter | Valuation | Inflection Point 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 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. 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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Investment platform for building investor communities and facilitating startup deals.
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Founded Year | Domain | Location | |
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location | |
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Single family office investing in multiple sectors
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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 Growfitter
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Growfitter
| 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 |
Growfitter Comparisons
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. 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 |
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts
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| domain | founded_year | HQ Location |
AI-powered personalized nutrition and fitness coaching is provided.
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| domain | founded_year | HQ Location |
Cloud-based wellness programs are offered for employee health and productivity.
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| domain | founded_year | HQ Location |
AI-powered platform offering various fitness and wellness services
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| domain | founded_year | HQ Location |
An online pay-as-you-go marketplace for fitness centers is operated.
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| domain | founded_year | HQ Location |
Provider of a digital platform for weight loss management and behavior change
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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 Growfitter
Frequently Asked Questions about Growfitter
When was Growfitter founded?
Growfitter was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Growfitter located?
Growfitter is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Growfitter?
Sanmati Pande is the current CEO of Growfitter. They have also founded this company.
Is Growfitter a funded 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 $1M, raised on Mar 06, 2017.
What is the annual revenue of Growfitter?
Annual revenue of Growfitter is $26.09K as on Mar 31, 2021.
What does Growfitter do?
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.
Who are the top competitors of Growfitter?
Growfitter's top competitors include Cult.fit, Wellhub and Lark Health.
Who are Growfitter's investors?
Growfitter has 98 investors. Key investors include DevX, Mumbai Angels, Venture Catalysts, Z Nation Lab, and Talwalkars.
What is Growfitter's valuation?
The valuation of Growfitter is $4.9M as of Aug 2022.
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