Gympic raises funding in pre-Series A round from RoundGlass Partners

Gympic raises funding in pre-Series A round from RoundGlass Partners

Gympik.com, Bengaluru-based online fitness solutions discovery platform, has secured an undisclosed amount of funding in its pre-Series A round from RoundGlass Partners. The company had raised $135,000 (about Rs 86 lakh) in seed funding round in 2015.

The raised capital will be used for expanding its operations in new areas and for hiring technical talents as well.

Regarding the utilization of funds, Amaresh Ojha, founder and CEO, Gympik, said, “The funding will be used to help us meet growing demand (for Gympik’s services) and expand into new geographies.”

 

Founded in December 2012 by Ojha, an IIM Bangalore alumnus and Ajay Pandey, a management graduate, Gympik allow users to discover fitness centers in their areas. It also provides a cloud-based software to track performance and schedules at fitness centers.

It claims to have 10,000 fitness centers and 6,000 trainers listed on its platform from across 20 cities.

We’ve witnessed several startups emerging in digital health and fitness space and even succeeded to attract investors in the recent past. We’ve seen GOQii Inc, a wearable fitness band maker that raised $13.4 million (Rs 90 crore) in Series A funding led by Global Venture Capital firm New Enterprise Associates (NEA) recently.

Orobind, a personal fitness coach app had also raised funding in series A round from a group of individual investors.