About Meritking
Meritking is a Healthcare company based in Bengaluru (India) founded in 2006 by Megha More and Vishnu Saraf. Online weight loss and disease management programs are offered. It operates on a Commission-Based model. Meritking has raised $8.33 million across 12 funding rounds from investors including Timesgroup, Wondrlab and Techindia. The company has 20 employees. Meritking was last valued at $14.06 million in July 2023. Its chief executive, as recorded, is Vishnu Saraf. Its website possible.in draws about 11 thousand monthly visits. Its Indian entity Truweight Wellness Private Limited reported revenue of ₹11.62 Cr. Meritking offers products and services including Sports Betting and Live Casino. Its focus areas include Entertainment, Gambling and Online Betting. Its competitors include Elevate Now, Fitelo and Livofy; 3 of its 3 listed competitors have raised funding.
Company details
Meritking is established as a provider of online betting and casino entertainment. Services are offered across sports like football, basketball, and tennis with extensive betting options. Live casino experiences are delivered with real-time dealers for an immersive atmosphere. The platform is supported by a licensed infrastructure ensuring secure transactions. Mobile compatibility is integrated for seamless access to betting and gaming solutions. Various bonuses and promotions are provided to enhance user engagement and potential earnings.
- Headquarters Bengaluru, India
- Employees 20
- Founders Megha More, Vishnu Saraf
- Stage Minicorn
- SectorsHealthcare
- Website category Health · Nutrition Diets and Fitness
- Email••••••••
- Phone•••• ••••
- Website possible.in
- Social Facebook Instagram
- Legal Name Truweight Wellness Private Limited
- Date of Incorporation 19 Feb, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹11.62 Cr
FY 2024 · -52% YoY
- Net Loss-₹1.23 Cr
FY 2024 · -11% margin
- EBITDA-₹77.2 Lakh
FY 2024 · -7% margin
- Total Equity Funding$8.33M (USD)
in 12 rounds
- Latest Funding Round$121.07K (USD), Angel Round
Jul 2023
- InvestorsTimesgroup
& 42 more
- Employee Count20
Associated legal entities of Meritking
Meritking is associated with 2 registered companies on The Company Check; the primary company is Truweight Wellness Private Limited. 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 |
|---|---|---|---|---|---|---|---|
| Truweight Wellness Private Limited CIN U74900KA2015PTC078918 | Active | 19 Feb 2015 | Bangalore, Karnataka | ₹11.6 Cr | 20 | 3 | View details |
| Truweight Food Private Limited CIN U15122KA2015PTC078945 | Strike Off | 20 Feb 2015 | Bangalore, Karnataka | 2 | View details |
Products & Services of Meritking
Meritking offers a comprehensive portfolio of products and services, including Sports Betting and Live Casino.
Wide betting options on football, basketball, and tennis are offered.
Realistic casino games with live dealers are provided online.
Apps and channels of Meritking
Meritking publishes 2 mobile apps with over 1M+ downloads.
Funding Insights of Meritking
Meritking has successfully raised a total of $8.33M across 12 strategic funding rounds. The most recent funding activity was a Angel Round of $121.07 thousand completed in July 2023. 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 $8.33M
- Total Rounds 12
- Last Round Angel Round — $121,070
- First Round $2.36M
(Apr 2015)
- Investors Count 43
Latest 10 of 12 funding rounds of Meritking 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 2023 | $121,070 | Angel Round | $14.06M | Neeleshwar Bhatnagar | – |
| Dec 2022 | $181,900 | Series A | $13.88M | Padmashreemedicare | |
| Aug 2022 | $31,300 | Angel Round | $••••• | Ram Kumar Shankar | – |
| Apr 2022 | $1.1M | Series A | $••••• | Wondrlab, RB Investments | |
| Oct 2021 | $594,700 | Seed | $••••• | Ghosh Financiers and Marketiers, Indus Net Finvest Resources | |
| Jan 2021 | $564,659 | Angel Round | – | Aishwarya Rai Bachchan | – |
| Sep 2020 | $961,023 | Seed | $••••• | Rahul Bhandare | |
| Mar 2020 | $671,027 | Seed | $••••• | Aishwarya Rai Bachchan | – |
| Feb 2020 | $426,406 | Seed | $••••• | Preeti Chauhan Negi, Nikhil Banerjee | |
| Feb 2019 | $428,055 | Seed | $••••• | Techindia, Suptaswar Investment |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2023 | $14.06M | •••••••• |
| Dec 2022 | $13.88M | •••••••• |
| Aug 2022 | $••••• | •••••••• |
| Apr 2022 | $••••• | •••••••• |
| Oct 2021 | $••••• | •••••••• |
| Sep 2020 | $••••• | •••••••• |
| Mar 2020 | $••••• | •••••••• |
| Feb 2020 | $••••• | •••••••• |
Full valuation and stage history of Meritking
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $14.06M (Jul 2023). 43 investors in total: 11 institutional and 32 angel.
Investors in Meritking
Meritking has secured backing from 43 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Timesgroup, Wondrlab and Techindia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in multi-stage tech-focused startups. | rbworld.com | Singapore, Singapore | ||
Investments in early-stage technology companies are made by Kalaari Capital. | kalaari.com | Bengaluru, India | ||
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
| padmashreemedicare.tcc.mode | ||||
Marketing and digital transformation solutions are provided for businesses. | 2020 | wondrlab.com | Mumbai, India | |
| indusnetfinvestresources.tcc.mode | ||||
Offers AI-driven cardiac rhythm analysis, sleep monitoring, and remote patient management. | 2002 | techindia.com | Chennai, India | |
Provider of a 3D content management platform | threedmanagement.tcc.mode | Chennai, India | ||
English and vernacular newspapers are published in print form. | 1838 | timesgroup.com | Mumbai, India | |
NB Neeleshwar Bhatnagar | unknown_7854e72515794a5da |
Investor details for Meritking
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Board of directors of Truweight Wellness Private Limited (Meritking)
Truweight Wellness Private Limited is the primary company behind Meritking. The boards of the 2 registered companies of Meritking currently have 3 directors; the longest-serving is Megha More, appointed in 2015. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Megha More DIN 03138727 | Director | 19 Feb 2015 | 11 yrs 8 mo | Truweight Wellness Private Limited, Truweight Food Private Limited |
| Chaitanya Reddy Garisa DIN 01872388 | Director | 31 Jul 2023 | 3 yrs 2 mo | Truweight Wellness Private Limited |
| Vishnu Saraf DIN 02199276 | Director | 27 May 2024 | 2 yrs 5 mo | Truweight Wellness Private Limited, Truweight Food Private Limited |
People of Meritking
24 people are tracked at Meritking (4 in leadership, 4 in board & advisors, 16 in team); the tracked headcount is 20.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Venketesh Bhat | Virtual CFO & Financial Advisor | Leadership |
Pankaj Agarwal | VP Food Products | Leadership |
Suresh Prabhala | Advisor | Board & advisors |
Anurag Kedia | Advisor | Board & advisors |
Shiv Nandan Negi | Advisor | Board & advisors |
Nikhil Banerjee | Advisor | Board & advisors |
Hazel Pereira | Expert Nutrition Coach | Team |
Shainaz J Khan | Senior Nutrition Manager | Team |
Syamala Devi | Business Development Manager | Team |
Priyanka Verma | Senior Expert Nutrition Coach | Team |
Arjun M A | Software Engineer | Team |
Roopa Om | Nutritionist | Team |
Bhavani Shankar K | Business Development Manager | Team |
Preethi Nithyanandan | Expert Nutritionist And Nutrition Coach | Team |
Deepika Arjun | Relationship Manager | Team |
Abed Syed | Asst - Manager Marketing | Team |
Anil Kumar | Senior Business Manager | Team |
Ramya K | Senior Nutrtionist | Team |
4 more people are available in the full profile.
Complete people profiles for Meritking
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Financials of Meritking
Figures of Truweight Wellness Private Limited, the primary company behind Meritking, for FY 2024. Revenue was ₹11.62 Cr (-52% year on year). Net loss was -₹1.23 Cr (-11% margin). EBITDA was -₹77.2 Lakh (-7% margin). Revenue has grown at a compounded annual rate of -17% over three years and -16% over five years.
- ₹11.62 CrRevenue · FY 2024 · -52% YoY
- -₹1.23 CrNet loss · -11% margin
- -₹77.2 LakhEBITDA · -7% margin
- ₹35.2 LakhPaid-up capital
- 20Employees (provident fund records)
- -17%Revenue CAGR, 3 years
- -16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Truweight Wellness Private Limited are on its company page.
Detailed financial statements for Meritking
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Meritking
4 dated milestones of Meritking across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Meritking is founded.
- Funding First funding round of $2.4M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $121K.
Competitors of Meritking
Meritking has 3 listed competitors in our database, 3 of them funded. They include Elevate Now, Fitelo and Livofy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| joinelevatenow.com | 2022 | Mumbai, India | $1.26M | 90 | Doctor-led online weight loss programs are offered with medical supervision. | |
| fitelo.co | 2016 | Sahibzada Ajit Singh Nagar, India | $1.7M | 1,036 | Diet plans for weight management are delivered via mobile app. | |
| livofy.com | 2018 | Delhi, India | $550,000 | Nutritionist consultations and personalized diet plans are offered online. |
Detailed competitors of Meritking
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Web traffic of Meritking
The website of Meritking (possible.in) receives about 11.2K visits a month and ranks #1,853,345 among all websites worldwide, #5,386 in Nutrition Diets and Fitness.
- Monthly visits11.2K
▼ 8% vs previous month
- Unique visitors5.8K
per month
- Global rank#1,853,345
among all websites
- Category rank#5,386
Health · Nutrition Diets and Fitness
- Bounce rate37%
- Pages per visit2.0
- Average visit29 sec
- DevicesDesktop 27% · Mobile 73%
Websites whose visitors overlap most with Meritking. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
strengthambassadors.com | strengthambassadors.com | 100% | #988,262 | – | |
| pigi.in | 99% | 8.5K | #2,882,782 | View details | |
| fitshit.in | 98% | #3,176,940 | View details | ||
| onesciencenutrition.in | 97% | 680.7K | View details | ||
| fastandup.in | 97% | #13,250,581 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 38 similar websites and full traffic analytics for Meritking
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- 38 similar websites
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Top companies in Fitness & Wellness Platforms
2 companies that operate in the same segment as Meritking (Fitness & Wellness Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 716.99 M | 1,832 | ||
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 |
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Related news about Meritking
Complete news archive for Meritking
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Frequently Asked Questions about Meritking
Meritking was founded in 2006 and raised its 1st funding round 9 years after it was founded.
Meritking is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vishnu Saraf is the CEO of Meritking, as recorded in our data. They have also founded this company.
Meritking is a funded company, having raised a total of $8.33M across 12 funding rounds to date. The company's 1st funding round was a Seed of $428.06K, raised on Apr 2015.
Meritking has 20 employees.
The primary company behind Meritking, Truweight Wellness Private Limited, reported revenue of ₹11.62 Cr for FY 2024, down 52% year on year.
Meritking is established as a provider of online betting and casino entertainment. Services are offered across sports like football, basketball, and tennis with extensive betting options. Live casino experiences are delivered with real-time dealers for an immersive atmosphere. The platform is supported by a licensed infrastructure ensuring secure transactions. Mobile compatibility is integrated for seamless access to betting and gaming solutions. Various bonuses and promotions are provided to enhance user engagement and potential earnings.
Meritking's top competitors include Fitelo, Elevate Now and Livofy.
Meritking offers Sports Betting and Live Casino.
Meritking has 43 investors. Key investors include Timesgroup, Wondrlab, Techindia, Neeleshwar Bhatnagar, and Padmashreemedicare.
The valuation of Meritking is $14.06M as of Jul 2023.
Meritking is associated with 2 legal entities: Truweight Wellness Private Limited, Truweight Food Private Limited.