Wellness platform Growfitter raises $500K in extended pre-Series A

Mumbai-based wellness platform Growfitter has raised $500K in an extended pre-Series A round co-led by Venture Catalysts and Singapore-based Baksh Capital.

The company plans to use the capital to develop tech infrastructure, expand business operations, and hire fresh talents.

Founded in 2016 by Sanmati Pande and Harshit Sethy, Growfitter rewards users for physical activities such as walking, running, cycling, and more.. The app uses a motion-sensing proprietary algorithm to accurately predict whether a person is walking, running, in a vehicle, or cycling. It also offers an added monthly subscription-based health insurance plan starting from Rs 249 per month.

Growfitter works with brands like Amazon Pay, Defy, Byju’s, Puma, Jockey, Myntra, Lakme, ixigo, Tata 1mg, EaseMyTrip, PharmEasy, and others for its reward program. The Growfitter app has close to 1 million app downloads across 200 cities and rewards worth more than $1 million have already been redeemed.

Growfitter was recently featured on Sony Television’s Shark Tank India Season, Episode 32, and got a deal on the show from shark Aman Gupta, co-founder and CMO of boAt. 

Growfitter seems to be a captivating startup with inspiring new development on wellness and fitness services platform. This startup would continue to prosper in the future. Wishing this startup good luck in all its future endeavors.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.