About Tread
Tread is a Healthcare company based in Bengaluru (India) founded in 2020 by Poonam Godara, and was acquired by Cult.fit in June 2021. It operates as an online yoga training platform is provided for fitness enthusiasts. Tread has raised $1.1 million across 1 funding round from investors including Cult.fit, Whiteboard Capital and First Cheque. The company has 4 employees. Its Indian entity Treadfit Technologies Private Limited reported revenue of ₹11.30 Cr. The company was acqui-hired. Its focus areas include HealthTech, Fitness & Wellness Tech, Physical Fitness and Fitness and Diet Training Apps. Its competitors include myYogaTeacher, Shvasa, OLY Be, Zenia and classmall and 2 more; 3 of its 7 listed competitors have raised funding.
Company details
TREAD was founded in 2020 in Bengaluru, India, as a provider of an online platform focused on yoga training within the fitness sector. Live sessions covering cardio, strength, running, and related areas are offered to users. Interaction with fitness trainers is facilitated to track health progress. Unlimited access to workouts and real-time leaderboards are included in the services.
- Headquarters Bengaluru, India
- Employees 4
- Founders Poonam Godara
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Website tread.fit
- Social LinkedIn X Facebook
- Acquired by Cult.fit (Jun 2021)
- Legal Name Treadfit Technologies Private Limited
- Date of Incorporation 29 Jun, 2020
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Tread
Tread operates through Treadfit Technologies Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Treadfit Technologies Private Limited CIN U72900KA2020PTC135380 | Amalgamated | 29 Jun 2020 | Bangalore, Karnataka | ₹11.3 Cr | 4 | 2 | View details |
Funding Insights of Tread
Tread has successfully raised a total of $1.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.1 million completed in October 2020. 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 $1.1M
- Total Rounds 1
- Last Round Seed — $1.1M
- First Round $1.1M
(Oct 2020)
- Investors Count 14
All 1 funding rounds of Tread 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 |
|---|---|---|---|---|---|
| Oct 2020 | $1.1M | Seed | – | Better Capital, SAE |
15 investors in total: 5 institutional and 10 angel.
Investors in Tread
Tread has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Cult.fit, Whiteboard Capital and First Cheque.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage companies are invested in by Better Capital. | – | bettercapital.vc | Santa Clara, United States | |
Tech startups are funded by a group of angel investors. | – | stanfordangels.co.in | Mumbai, India | |
Investment support is provided to startups by Whiteboard Capital. | 2017 | whiteboardcap.com | Mumbai, India | |
Early-stage investment and support services for startups in technology and e-commerce sectors. | 2018 | firstcheque.vc | Mumbai, India | |
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | cult.fit | Bengaluru, India | |
HK Hemesh Kumar Singh | Co-founder of Unacademy, active angel investor in Indian startups | – | unknown_ec9828b23d4c4411b | - |
SK Sujeet Kumar | Co-founder of Udaan, prominent angel investor in Indian startups | – | unknown_2c520294e95448cb9 | - |
GM Gaurav Munjal | CEO of Unacademy, edtech pioneer, active angel investor in Indian startups | – | unknown_1ea3b30e802848b49 | - |
AR Amrish Rau | CEO of Pine Labs, fintech leader, active angel investor | – | unknown_57432b0801f340ae9 | - |
SS Sai Srinivas Kiran Garimella | Co-founder of ThinKuvate, angel investor in Indian startups | – | unknown_9e1aa2a9c75b43c1a | - |
Investor details for Tread
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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Board of directors of Treadfit Technologies Private Limited (Tread)
Treadfit Technologies Private Limited is the primary company behind Tread. The board of Treadfit Technologies Private Limited currently have 2 directors; the longest-serving is Bishnu Prakash Hazari, appointed in 2024. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bishnu Prakash Hazari DIN 05341063 | Additional Director | 29 Mar 2024 | 2 yrs 6 mo | Treadfit Technologies Private Limited |
| Sivaram Narayanan DIN 08538228 | Additional Director | 29 Mar 2024 | 2 yrs 6 mo | Treadfit Technologies Private Limited |
People of Tread
1 people are tracked at Tread (1 in leadership); the tracked headcount is 4.
| Name | Role | Group |
|---|---|---|
Poonam Godara | Co-Founder | Leadership |
Complete people profiles for Tread
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Financials of Tread
Figures of Treadfit Technologies Private Limited, the primary company behind Tread, for FY 2022. Revenue was ₹11.30 Cr (+236% year on year). Net loss was -₹25.37 Cr (-225% margin). EBITDA was -₹23.13 Cr (-205% margin).
- ₹11.30 CrRevenue · FY 2022 · +236% YoY
- -₹25.37 CrNet loss · -225% margin
- -₹23.13 CrEBITDA · -205% margin
- ₹1 LakhPaid-up capital
- 4Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Treadfit Technologies Private Limited are on its company page.
Detailed financial statements for Tread
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Tread
3 dated milestones of Tread across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Tread is founded.
- Funding First funding round of $1.1M.
- Exit Acquired by Cult.fit.
Competitors of Tread
Tread has 7 listed competitors in our database, 3 of them funded. They include myYogaTeacher, Shvasa, OLY Be, Zenia and classmall, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myyogateacher.com | 2018 | Cupertino, United States | – | 39 | Live yoga classes are provided via an online platform. | |
| shvasa.com | 2021 | Claymont, United States | $717,317 | 15 | Online platform offering live yoga classes | |
| olybe.com | 2013 | Paris, France | $1.94M | – | A chain of fitness centers is operated in Paris, France. | |
| zenia.app | 2019 | Claymont, United States | – | – | AI-based yoga performance tracking app via smartphone camera is offered. | |
| classmall.jp | 2020 | Shibuya, Japan | $948,590 | – | Live yoga training classes are delivered via an online platform. | |
| ompractice.com | 2017 | Northampton, United States | – | – | Live yoga classes are streamed online with two-way trainer interaction. | |
| yomaster.com | 2017 | Hanoi, Vietnam | – | – | Provides yoga classes and meditation apps for stress relief and daily wellness. |
Detailed competitors of Tread
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Top companies in Fitness & Wellness Platforms
10 companies that operate in the same segment as Tread (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 | 2,894 | |
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 716.99 M | – | 1,832 | |
Fitness class memberships are offered across various gyms and studios. | 2013 | New York, New York, United States | USD 550 M | – | 969 | |
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 180 M | – | 999 | |
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 | USD 398.5 M | 1,632 | |
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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Related news about Tread
Complete news archive for Tread
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Frequently Asked Questions about Tread
Tread was founded in 2020.
Tread is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Tread is a funded company, having raised a total of $1.1M across 1 funding round to date. The company's 1st funding round was a Seed of $1.1M, raised on Oct 2020.
Tread has 4 employees.
The primary company behind Tread, Treadfit Technologies Private Limited, reported revenue of ₹11.30 Cr for FY 2022, up 236% year on year.
TREAD was founded in 2020 in Bengaluru, India, as a provider of an online platform focused on yoga training within the fitness sector. Live sessions covering cardio, strength, running, and related areas are offered to users. Interaction with fitness trainers is facilitated to track health progress. Unlimited access to workouts and real-time leaderboards are included in the services.
Tread's top competitors include Shvasa, myYogaTeacher and OLY Be.
Tread has 15 investors. Key investors include Cult.fit, Whiteboard Capital, First Cheque, Better Capital, and Stanford Angels.
Tread operates through Treadfit Technologies Private Limited.
Yes. Tread was acquired by Cult.fit in June 2021.
The legal entities of Tread currently have 2 directors, including Bishnu Prakash Hazari, Sivaram Narayanan.