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Fitness aggregator Gympik raises funding from RoundGlass Partners

Online aggregator for fitness centers and Gyms - Gympik, has today raised funding from RoundGlass Partners. It will spend money on expanding operations and its technology team.

Gympik, an online marketplace for discovering fitness centres and gyms, has today raised a second tranche of funding from its existing investor RoundGlass Partners.

The company’s founder, Amarish Ojha, said that so far, it has raised around Rs 6.1 crore from RoundGlass Partners. With this funding, it is now planning to expand its operations to five more Tier II cities. It will also spend money to strengthen its technology team. He said,

RoundGlass has committed to invest in us for the next five years as and when we require capital. They know this is a long-term game and they have assured us that we do not have to keep chasing capital, but focus and build the business.

Prior to this funding round, the company had raised $135,000 in seed funding from Capvent’s managing partners Tom Clausen and Rohan Ajila, as well as manufacturing firm Haldyn Glass. It had also seen the participation of healthcare accelerator Healthstart.

The startup was founded in December 2012 by Amarish Ojha and Karan Malik. Before starting this venture, Ojha, an IIM-Bangalore alumnus, had worked in Sun Microsystems, CISCO and Intuit. Mailk was employed with Firstsource Solutions.

The platform curates fitness centres and trainers, and also offers a cloud-based software for fitness centres to make personalised offerings, and automate their management and quality assurance processes.

Besides monetising software solutions, the company generates revenue from the leads that it provides to fitness centres and trainers. The company says that it currently lists over 12,000 fitness and wellness centres, and 9,000 personal trainers from across 20 cities.

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