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.