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.