About Wellzap
Wellzap was an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 2021. It offers business management software for gyms and fitness studios. It operates on a B2B model. Wellzap has raised $40.02 thousand across 1 funding round. Its Indian entity Agmen It Services Private Limited reported revenue of ₹13.2 Lakh. The company is recorded as dissolved. Its focus areas include Technology, Software, Business Management and Fitness and Gym Solutions.
Company details
Wellzap, established in 2021, excels in leveraging cutting-edge technology, software, business management, and fitness and gym solutions. Offers business management software for gyms and fitness studios. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Bengaluru, India
- Employees 1
- SectorsIndustrial Goods & Manufacturing
- Website wellzap.io
- Legal Name Agmen It Services Private Limited
- Date of Incorporation 30 Jun, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹13.2 Lakh
FY 2022
- Net Loss-₹4.7 Lakh
FY 2022 · -36% margin
- EBITDA-₹4.4 Lakh
FY 2022 · -33% margin
- Total Equity Funding$40.02K (USD)
in 1 rounds
- Latest Funding Round$40.02K (USD), Angel Round
Dec 2021
- Employee Count1
Associated legal entities of Wellzap
Wellzap operates through Agmen It Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Agmen It Services Private Limited CIN U72900KA2021PTC148963 | Active | 30 Jun 2021 | Bangalore, Karnataka | ₹0.1 Cr | 2 | View details |
Funding Insights of Wellzap
Wellzap has successfully raised a total of $40.02K through 1 strategic funding round. The most recent funding activity was a Angel Round of $40.02 thousand completed in December 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 $40,024
- Total Rounds 1
- Last Round Angel Round — $40,024
- First Round $40,024
(Dec 2021)
All 1 funding rounds of Wellzap 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 |
|---|---|---|---|---|---|
| Dec 2021 | $40,024 | Angel Round | – | – | – |
Board of directors of Agmen It Services Private Limited (Wellzap)
Agmen It Services Private Limited is the primary company behind Wellzap. The board of Agmen It Services Private Limited currently have 2 directors; the longest-serving is Anjan Bharath Garg, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anjan Bharath Garg DIN 06843445 | Director | 30 Jun 2021 | 5 yrs 3 mo | Agmen It Services Private Limited |
| Dama Susheel Chand DIN 08824069 | Director | 30 Jun 2021 | 5 yrs 3 mo | Agmen It Services Private Limited |
Financials of Wellzap
Figures of Agmen It Services Private Limited, the primary company behind Wellzap, for FY 2022. Revenue was ₹13.2 Lakh. Net loss was -₹4.7 Lakh (-36% margin). EBITDA was -₹4.4 Lakh (-33% margin).
- ₹13.2 LakhRevenue · FY 2022
- -₹4.7 LakhNet loss · -36% margin
- -₹4.4 LakhEBITDA · -33% margin
- ₹1.2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Agmen It Services Private Limited are on its company page.
Detailed financial statements for Wellzap
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Wellzap
2 dated milestones of Wellzap, from founding to its latest funding, stage changes and deals.
- Founded Wellzap is founded.
- Funding First funding round of $40K.
Top companies in Fitness & Commercial Equipment
3 companies that operate in the same segment as Wellzap (Fitness & Commercial Equipment) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform selling sportswear, fitness equipment, and accessories for workouts. | 2018 | Bengaluru, Karnataka, India | USD 30.04 M | 387 | ||
Sells smart fitness equipment online with app-based workout classes. | 2020 | Gurugram, Haryana, India | USD 3.35 M | 1 | ||
Online platform selling health, wellness, and fitness products affordably. | 2020 | Gurugram, Haryana, India | USD 30.02 M | 82 |
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Frequently Asked Questions about Wellzap
Wellzap was founded in 2021.
Wellzap is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Wellzap is a funded company, having raised a total of $40.02K across 1 funding round to date. The company's 1st funding round was a Angel Round of $40.02K, raised on Dec 2021.
Wellzap has 1 employees.
The primary company behind Wellzap, Agmen It Services Private Limited, reported revenue of ₹13.2 Lakh for FY 2022.
Wellzap, established in 2021, excels in leveraging cutting-edge technology, software, business management, and fitness and gym solutions. Offers business management software for gyms and fitness studios. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Wellzap operates through Agmen It Services Private Limited.
The legal entities of Wellzap currently have 2 directors, including Anjan Bharath Garg, Dama Susheel Chand.