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Fitness app Fitso raises $200K from a group of angel investors

Fitso, a mobile application based social network for Fitness enthusiasts, has today announced that it has raised $200,000 in its fresh funding round from a group of Angel Investors. The funding comes from PolicyBazaar chief executive Yashish Dhaiya, Flipkart’s former operations president Sujeet Kumar and Intelenet Global Services CEO Bhupinder Singh, among others.

The fresh capital coming to the company will now be used to expand the workforce and to add more features to the Fitso mobile application. The company will also build a team of personal trainers for running, swimming and triathlons in Delhi and National Capital Region.

This is the second round of funding raised by the company. Earlier, Fitso had raised the same amount from former Grofers chief technology officer Varun Khurana, Jugnoo CEO Samar Singla, and Vinay Bansal, CFO of sports brand Wildcraft.

The platform was launched in 2015 by IIT-Delhi alumni Saurabh Aggarwal, Naman Sharma and Rahool Sureka. The platform lets users find partners for cycling, running, swimming and other sports activities. It also lets users hire professional trainers for yoga, physiotherapy, massage and diet guidance, besides curating information on upcoming sporting events.

Apart from connecting with other fitness enthusiasts, users can also read profile details such as qualifications, experience, achievements and charges of coaches, yoga trainers, physiotherapists, dietitians, fitness trainers, and masseurs and book sessions with them.

Fitness startups have seen a lot of activity in recent months. Last month, weight-loss coaching app Obino acquired reward-based fitness-tracking app Fitard for an undisclosed amount. In January this year, mobile marketplace for gym memberships Fitnapp had raised pre-Series A funding.

In December last year, HealthifyMe had raised $1 million from Dubai-based investor Neelesh Bhatnagar, whose company NB Ventures has been actively investing in Indian startups. During same time, Fitpass also secured $1 million in seed funding from Mumbai Angels and a clutch of angel investors.

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Fitness app Fitso raises $200K from a group of angel investors


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