About Smit.fit
Smit.fit is a company based in Mumbai (India) founded in 2020 by Sujit Chakrabarty.. Smit.fit has raised $1.1 million across 3 funding rounds from investors including M-Venture Partners, Ramesh Mangaleswaran and Samiran Ghosh. The company has 46 employees as of April 10, 2024. Smit.fit operates in a competitive market with competitors including BeatO, Glooko, Health2Sync, Dr. Diary Co and SocialDiabetes, among others.
- Headquarter Mumbai, India
- Employees 46 as on 10 Apr, 2024
- Founders Sujit Chakrabarty
- Stage Minicorn
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Sectors
Healthcare
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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 Agsc Technologies Private Limited
- Date of Incorporation 03 Jun, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$170.05 K (USD)303.31as on Mar 31, 2023
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Net Profit
$-496.39 K (USD)-18.31as on Mar 31, 2023
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EBITDA
$-504.88 K (USD)-22.06as on Mar 31, 2023
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Total Equity Funding
$1.1 M (USD)
in 3 rounds
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Latest Funding Round
$610.6 K (USD), Seed
Jun 26, 2021
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Investors
M-Venture Partners
& 15 more
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Employee Count
46
as on Apr 10, 2024
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Funding Insights of Smit.fit
Smit.fit has successfully raised a total of $1.1M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $610.6 thousand completed in June 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 Total Funding
- Total Rounds 3
- Last Round Seed — $610,599
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First Round
First Round
(28 Jul 2020)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - Smit.fit | Valuation | MVP | |
| Nov, 2020 | Amount | Angel Round - Smit.fit | Valuation | Porus Farrok Kaka | |
| Jul, 2020 | Amount | Angel Round - Smit.fit | Valuation | Anand Deshpande |
| 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 Smit.fit
Smit.fit has secured backing from 16 investors, including venture fund and angel investors. Prominent investors backing the company include M-Venture Partners, Ramesh Mangaleswaran and Samiran Ghosh. 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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Early-stage investments are made in innovative startup ventures by MVP.
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Founded Year | Domain | Location | |
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RM
Ramesh Mangaleswaran |
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Founded Year | Domain | Location |
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SG
Samiran Ghosh |
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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 Smit.fit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - Smit.fit
| 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 |
Smit.Fit Comparisons
Competitors of Smit.fit
Smit.fit 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 BeatO, Glooko, Health2Sync, Dr. Diary Co and SocialDiabetes, 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 |
Smartphone-enabled glucometers and diabetes management apps are provided.
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| domain | founded_year | HQ Location |
Diabetes management is enabled via glucose meters and mobile apps.
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| domain | founded_year | HQ Location |
Provider of an app for tracking blood glucose level
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| domain | founded_year | HQ Location |
Provider of app for diabetes management
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| domain | founded_year | HQ Location |
Mobile health solution that connects doctors and diabetic patients
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| domain | founded_year | HQ Location |
SaaS for Type 1 diabetes management is provided by Tidepool.
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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 Smit.Fit
Frequently Asked Questions about Smit.fit
When was Smit.fit founded?
Smit.fit was founded in 2020.
Where is Smit.fit located?
Smit.fit is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Smit.fit?
Sujit Chakrabarty is the current CEO of Smit.fit. They have also founded this company.
Is Smit.fit a funded company?
Smit.fit is a funded company, having raised a total of $1.1M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $415.21K, raised on Jul 28, 2020.
How many employees does Smit.fit have?
As of Apr 10, 2024, the latest employee count at Smit.fit is 46.
What is the annual revenue of Smit.fit?
Annual revenue of Smit.fit is $170.05K as on Mar 31, 2023.
What does Smit.fit do?
Founded in 2020 in Mumbai, India, Smit.fit operates in the health technology sector. An app is developed to support navigation of chronic health conditions through personalized diet and fitness plans. Access to workout routines, yoga asanas, healthy recipes, and data tracking for statistics is included. Solutions are generated based on user inputs regarding nutrition, workouts, lifestyle, and health needs.
Who are the top competitors of Smit.fit?
Smit.fit's top competitors include BeatO, Glooko and Health2Sync.
Who are Smit.fit's investors?
Smit.fit has 16 investors. Key investors include M-Venture Partners, Ramesh Mangaleswaran, Samiran Ghosh, Meeta Mehra, and Manu Mahmud Parpia.
What is Smit.fit's valuation?
The valuation of Smit.fit is $5.03M as of Jun 2021.