About Mobiefit
Mobiefit is a Healthcare company based in Panaji (India) founded in 2014 by Gourav Jaswal. Fitness related mobile apps developer. Mobiefit has raised $3.1 million across 3 funding rounds from investors including MediBuddy, Medi Assist and Nava Limited. The company has 2 employees. Mobiefit was last valued at $6.62 million in June 2017. Its Indian entity Report Yak Communications Private Limited reported revenue of ₹3.50 Cr. Its focus areas include HealthTech, Fitness & Wellness Tech, Physical Fitness and Fitness and Diet Training Apps.
Company details
MobieFit was founded in 2014 in Panaji, India, as a developer of fitness-related mobile applications. Operations center on apps powered by celebrity trainers, incorporating a motion-based engine that utilizes mobile sensors for exercise measurement and a GPS-based distance engine for activity logging. Three apps have been released on the Google Play Store to track walking, running, and daily activities, alongside training tips for running and free-hand exercises.
- Headquarters Panaji, India
- Employees 2
- Founders Gourav Jaswal
- Stage Minicorn
- SectorsHealthcare
- Website mobiefit.com
- Social LinkedIn
- Legal Name Mobiefit Technologies Private Limited
- Date of Incorporation 26 Mar, 2015
- Jurisdiction Panaji, Goa, India
- Annual Revenue₹3.50 Cr
FY 2025 · +7449% YoY
- Net Profit₹3.48 Cr
FY 2025 · 99% margin
- EBITDA₹3.48 Cr
FY 2025 · 99% margin
- Total Equity Funding$3.1M (USD)
in 3 rounds
- Latest Funding Round$1.35M (USD), Seed
Nov 2017
- InvestorsMediBuddy
& 14 more
- Employee Count2
Associated legal entities of Mobiefit
Mobiefit is associated with 2 registered companies on The Company Check; the primary company is Report Yak Communications Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Report Yak Communications Private Limited CIN U63111GA2015PTC007622 | Active | 26 Mar 2015 | Panaji, Goa | ₹3.5 Cr | 2 | 3 | View details |
| Mobiefit Technologies Private Limited CIN U74999GA2015PTC007622 | 26 Mar 2015 | Panaji, Goa, India | View details |
Funding Insights of Mobiefit
Mobiefit has successfully raised a total of $3.1M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.35 million completed in November 2017. 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 $3.1M
- Total Rounds 3
- Last Round Seed — $1.35M
- First Round $1M
(Dec 2015)
- Investors Count 15
All 3 funding rounds of Mobiefit 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 |
|---|---|---|---|---|---|
| Nov 2017 | $1.35M | Seed | – | Medi Assist, Nava Limited | – |
| Jun 2017 | $751,948 | Seed | $6.62M | Nava Limited | |
| Dec 2015 | $1M | Seed | $34.45M | Medi Assist, MediBuddy |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2017 | $6.62M | •••••••• |
| Dec 2015 | $34.45M | •••••••• |
Last known valuation $6.62M (Jun 2017). 15 investors in total: 3 institutional and 12 angel.
Investors in Mobiefit
Mobiefit has secured backing from 15 investors, including institutional and angel investors. Prominent investors backing the company include MediBuddy, Medi Assist and Nava Limited.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Healthcare benefits administration services for employees are managed online. | 2002 | mediassist.in | Bengaluru, India | |
Diversified operations are conducted across multiple industries worldwide. | 1972 | navalimited.com | Hyderabad, India | |
Online platform offering multiple healthcare services | 2013 | medibuddy.in | Bengaluru, India | |
PS Piyush Shantilal Kothari | unknown_4eda38e21bab4c28b | |||
NP Nilesh Pravin Kothari | unknown_c52a8d3f86fc44358 | |||
AP Anish Piyush Kothari | unknown_f099d4db7cae457b9 | |||
PH Pravinchandra Harish Shah | unknown_1afefb81a9f948d6a | |||
AP Ashish Piyush Kothari | unknown_78f9cbd2e43342a3a | |||
HP Harish Pravinchandra Shah | unknown_6e540fbcdcc24037a | |||
PS Piyush Shantilal Kothari | unknown_9c07c4dafe074b978 |
Investor details for Mobiefit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Report Yak Communications Private Limited (Mobiefit)
Report Yak Communications Private Limited is the primary company behind Mobiefit. The board of Report Yak Communications Private Limited currently have 3 directors; the longest-serving is Hiten Ashokkumar Patel, appointed in 2020. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hiten Ashokkumar Patel DIN 08527382 | Director | 26 Mar 2020 | 6 yrs 7 mo | Report Yak Communications Private Limited |
| Shaleena Kaura DIN 11239465 | Director | 19 Aug 2025 | 1 yr 2 mo | Report Yak Communications Private Limited |
| Ritu Nag DIN 11247349 | Director | 19 Aug 2025 | 1 yr 2 mo | Report Yak Communications Private Limited |
People of Mobiefit
1 people are tracked at Mobiefit (1 in leadership); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Mobiefit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Mobiefit
Figures of Report Yak Communications Private Limited, the primary company behind Mobiefit, for FY 2025. Revenue was ₹3.50 Cr (+7449% year on year). Net profit was ₹3.48 Cr (99% margin). EBITDA was ₹3.48 Cr (99% margin). Revenue has grown at a compounded annual rate of +368% over three years and +140% over five years.
- ₹3.50 CrRevenue · FY 2025 · +7449% YoY
- ₹3.48 CrNet profit · 99% margin
- ₹3.48 CrEBITDA · 99% margin
- ₹7.6 LakhPaid-up capital
- 2Employees (provident fund records)
- +368%Revenue CAGR, 3 years
- +140%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Report Yak Communications Private Limited are on its company page.
Detailed financial statements for Mobiefit
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Mobiefit
4 dated milestones of Mobiefit across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Mobiefit is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.3M.
Top companies in Fitness & Wellness Platforms
2 companies that operate in the same segment as Mobiefit (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 Mobiefit
Complete news archive for Mobiefit
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Frequently Asked Questions about Mobiefit
Mobiefit was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Mobiefit is headquartered in Panaji, India. It is registered at Panaji, Goa, India.
Mobiefit is a funded company, having raised a total of $3.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Dec 2015.
Mobiefit has 2 employees.
The primary company behind Mobiefit, Report Yak Communications Private Limited, reported revenue of ₹3.50 Cr for FY 2025, up 7449% year on year.
MobieFit was founded in 2014 in Panaji, India, as a developer of fitness-related mobile applications. Operations center on apps powered by celebrity trainers, incorporating a motion-based engine that utilizes mobile sensors for exercise measurement and a GPS-based distance engine for activity logging. Three apps have been released on the Google Play Store to track walking, running, and daily activities, alongside training tips for running and free-hand exercises.
Mobiefit has 15 investors. Key investors include MediBuddy, Medi Assist, Nava Limited, Piyush Shantilal Kothari, and Nilesh Pravin Kothari.
The valuation of Mobiefit is $6.62M as of Jun 2017.
Mobiefit operates through Report Yak Communications Private Limited.
The legal entities of Mobiefit currently have 3 directors, including Hiten Ashokkumar Patel, Shaleena Kaura, Ritu Nag.