Fitness Startup Fittr Raises $11.5 mln in Series A Funding

By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team
Published on September 25, 2021

Fittr, a Fitness startup based in Pune, has announced the raising of $11.5 million in a Series A financing round to boost its health & fitness platform’s international expansion.

Dream Capital, the Corporate Venture Capital and M&A branch of Dream Sports, and Elysian Park Ventures, the private investment branch of the LA Dodgers-backed group, co-led this round. Existing investor Sequoia Capital’s India Surge also participated in the round. Dev Bajaj, Managing Director of Dream Capital, said about the firm’s participation in the round:

“Within this industry, Fittr’s organic and highly engaged community has been particularly impressive. We look forward to participating in Fittr’s journey in building out a full-stack fitness-tech platform made for a global user base.”

Despite having started as a small WhatsApp group, Fittr has now grown and became one of the most engaged and informative fitness communities in the world. Once the startup launched its Fittr platform, it quickly became one of the largest health and fitness community platforms in the industry, helping to raise awareness for physical, mental, and emotional well-being. Jitendra Chouksey, CEO and Founder at Fittr, referred to this mission by stating:

“Fittr has always been committed to democratizing fitness and raising awareness around physical, mental, and emotional well-being. The investment raised will assist us to make strategic headways in achieving this goal. Elysian Park Ventures and Dream Capital joining the community enables us to accelerate our work to help millions of people around the world get fit, and also to create meaningful career opportunities in the health & fitness industry over the next few years.”

The India-based startup plans to use the proceeds from the new capital to fuel its growth and strategy pipeline of international expansion, extending its reach to new markets such as North America, the UK, and Singapore. Part of the capital will also be destined for educational efforts on health and fitness for the Indian population.

By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team

Juan Fajardo is a News Desk Editor at Grit Daily. He is a software developer, tech and blockchain enthusiast, and writer, areas in which he has contributed to several projects. A jack of all trades, he was born in Bogota, Colombia but currently lives in Argentina after having traveled extensively. Always with a new interest in mind and a passion for entrepreneurship, Juan is a news desk editor at Grit Daily where it covers everything related to the startup world.

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