Home Funding Fitpass acquires funds worth $1Million

Fitpass acquires funds worth $1Million

Fitpass acquires funds worth $1Million
Fitpass Team

Fitpass is a health tech startup located in Delhi. It recently acquired a whopping funding of $1 1Million  from the ace shooting star, Abhinav Bindra. Fitpass plans to use this fund in expansion and growth of gyms along with fitness studios to 10 new cities within the period of the next six months.

Fitpass was founded in the year 2015 by Akshay and Arushi Verma, a brother-sister duo who worked extensively for providing its users with a chance to save themselves from highly expensive yearly memberships of gyms.

The unique online portal provides its users with a multitude of innovative workout options ranging from Yoga, Zumba, Bollywood Dance, MMA, kickboxing, etc at a minimal price of Rs 999 per month. Moreover, the members of Fitpass get access to workout across 1,500 gyms as well as fitness studios in Delhi NCR at any point of time. How cool is that!

Fitpass has already paved new avenues of success by partnering with numerous fitness centres in Bangalore. Furthermore, it is also planning to launch its services in Mumbai and Pune. The conversion rates of Fitpass is as high as 93%. It converts its traffic into regular customer within a short span of 2 months.

Earlier, Fitpass had acquired a funding of $1 million from Mumbai Angels along with a group of Delhi- and Bengaluru-located angel investors. The funds were incorporated for the growth of the startup to an exponential level by bringing data-driven tailor-made fitness management tools on the board meant exclusively for its users as well enterprise products, keeping in mind its partner gym and fitness studios.