Gympik raises additional ₹6.5 crores from RoundGlass

Must Read

Sanju Samson to replace Shikhar Dhawan in T20 series against WI

Sanju Samson will replace injured Indian opener Shikhar Dhawan in the T20s series against West Indies starting from next...

Supreme Court lashes out on Centre & Delhi govts for Rising Pollution

The Apex Court of the Country, the Supreme Court on Monday lashed the Central and State Government for their...

Harbhajan Singh wishes BCCI Prez Sourav Ganguly to change Selection Panel

The Indian off-spinner Harbhajan Singh on Monday urged Sourav Ganguly, President of BCCI (The Board of Control for Cricket...

Gympik, an online fitness discovery platform has raised an additional ₹6.5 crores (about $1 million) from the US-based venture capital firm RoundGlass Partners. The startup had earlier raised a total of ₹6.8 crores ($1 million) in two tranches from RoundGlass. Gympik has raised nearly ₹14 crores overall after the infusion of fresh funds.

The funds raised will be used to boost its software-as-a-service (SaaS) product for fitness centres.

Gympik was founded by Amaresh Ojha and Karan Malik in December 2012 with its headquarter in Bengaluru. Its founders Amaresh Ojha is an IIM Bangalore alumnus and has experience as in IT field with earlier companies like Sun Microsystems, Cisco, and Intuit. While Karan Malik is an alumnus of Symbiosis Centre for Management and Human Resource Development (SCMHRD).

The startup provides a curated list of suitable fitness centres and gyms for the users to choose according to their requirements. It also uses its cloud-based platform to offer personalised services like diet plan, personal trainer, along with providing best deals of its users.

Its platform is available as an app on both Android as well as iOS devices. This app can be used by the users as well as their personal trainers to keep track of their progress.

The startup generates revenue based on the leads provided to fitness trainers, fitness centres and gyms, and also through monetising its technology-based solutions.

RoundGlass partners is a Seatle-based principle investment firm focused on the healthcare industry. It was founded by Sunny Singh in 2014. It primarily offers digital health and wellness sectors with capital, human resource, and advisory services based on their experience in the industry.

Apart from Gumpik, its other investments in India include Doctor Insta, a doctor consultation platform, weight-loss coaching fitness app Obino, digital diabetes management programme Life in Control, among others.

Last year it had added another startup BabyOnBoard to its portfolio by acquiring it for an undisclosed amount.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Questions Raised Over Telangana Encounter, Legal Experts Demand Probe

Even though people have been celebrating and expressing happiness over the encounter that killed four accused involved in Telangana...

‘The Kashmir Files’: Anupam Kher to star in Vivek Agnihotri’s directorial based on Kashmiri Pandits exodus

Actor Anupam Kher is all set to star in Vivek Agnihotri’s upcoming directorial film The Kashmir Files based on the exodus of Kashmiri Pandits...

JNU Professor develops Braille model to teach visually-impaired students chemistry

A Jawaharlal Nehru University Professor BS Balaji has developed a braille model to teach chemistry to his visually-challenged students. Talking about the research he...

485 out of 812 candidates with Hindi as mother tongue passed 2018 civil services exam

Hindi, which is the unofficial language of India had been chosen by 485 candidates as their mother tongue who were selected through the Civil...

‘Happy Hardy and Heer’: Himesh Reshammiya starrer gets a new release date

The upcoming release of singer, composer, and actor Himesh Reshammiya Happy Hardy and Heer has got a new date. The film was earlier slated...
- Advertisement -

More Articles Like This