Snippets

Growfitter raises $1 Mn in pre-Series A led by IPV

Health and wellness platform Growfitter has raised $1 million in its pre-Series A round led by Inflection Point Ventures.

Shashank Pathak

16 Mar 2022 07:45 IST

New Update

Growfitter raises $1 Mn in pre-Series A led by IPV

Health and wellness platform Growfitter has raised $1 million in its pre-Series A round led by Inflection Point Ventures. The round also saw participation from First Port Capital, Mumbai Angels, Startup Angel Network, DevX Accelerator Fund, Blockchain Founders Fund (Singapore), JPIN.

The funds will be utilised for building technology infrastructure and expanding business operations, hiring and branding of the platform, it said in a press release.

Founded by Sanmati Pande & Harshit Sethy, Growfitter is a digital platform that adds financial benefits to physical activity and offers a monthly subscription to cover all healthcare expenses.

Growfitter has partnerships with premium brands including P&G, Puma, Jockey, Paytm, Myntra, Lakme, Ixigo, Blinkit (formerly known as Grofers), Tata 1mg, WazirX, MFine, Ease My Trip, Pharmeasy, MediBuddy and MyGlamm for their reward program.

The platform has installed its QR codes in over 1000 fitness centres in the country and more than 5 million users have scanned these QR codes.

Growfitter funding

Advertisment

Disclaimer:

Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.