Company Name : Fitternity
Funding Amount : $1mn
Investor(s) Exfinity Venture Partners .
Location : Mumbai
Funding Round : Angel round
Exfinity Venture Partners, a Bengaluru based Venture Capital Fund formed by industry veterans like TV Mohandas Pai, Balakrishnan V, Girish Paranjpe and Deepak Ghaisas, has led the investment round of $1 Mn in Mumbai based Fitternity.
The fund raised will be used primarily for product development, marketing and pan-India expansion.
Fitness and wellness industry is a Rs 10,000 Cr industry (FY 15 – FICCI – PWC report) and there has been a plethora of fitness services like yoga, Zumba, spinning classes, kick-boxing, aerobics etc. from multiple service providers. Fitternity essentially functions as a match maker between users and service providers.