Fitness discovery platform Gympik pumps up with $1 Mn from existing investor

Bengaluru-based Gympik, an online marketplace for fitness service providers has secured $1 million in its second round of funding from RoundGlass Partners.

RoundGlass Partners had earlier invested an undisclosed amount of funding in the fitness startup in March 2016. The Seattle-based venture firm, RoundGlass Partners, primarily focuses on healthcare startups. It recently invested in doctors networking app Curofy, fitness app Obino and Zoojoo.be. The report was first published in VCCircle.

Founded by Ajay Pandey and Amaresh Ojha, Gympik is an integrated platform-cum-online marketplace connecting fitness service providers and seekers. It offers cloud-based software and a personalised application for fitness centres, which can be deployed by centre managers, trainers and consumers to track performance and fitness schedules.

The platform allows users to calculate calories burnt based on their specific data and health stats, basal metabolic rate (BMR), body mass index (BMI) and heart rate.

Gympik claims to have more than 12,000 fitness and wellness centres, and 9,000 personal trainers from 20 cities listed on their platform.

The startup was bootstrapped for the initial six months but later raised a seed fund of $135,000 to strengthen their technology and business team. In September 2015, it acquired fitness centre aggregator FitnessPapa.

In India, the total retail market for fitness as a category is valued at Rs 4,579 crore, growing at 16-18 per cent and is estimated to cross Rs 7,000 crore by the year 2017

This year, health and fitness space has witnessed series of investment. Recently, FITPASS secured $1 million from Olympic gold medal winner Abhinav Bindra’s venture fund Shooting Star and Franchise India Brands

Growfitter raised $600K in a Pre-Series A round of funding from San Francisco-based VC SQue Capital.

Gurgaon-based Fitso, had raised $200,000 in a seed round from consortium of angel investors. Earlier in January, mobile marketplace for gym memberships, Fitnapp, had raised pre-Series A funding from Noida-based real estate developer SD Group.