Social fitness app Fitso gets $200K from Jugnoo CEO, others
Fitso, a social networking app that connects users with similar fitness-related interests, has secured $200,000 (around Rs 1.3 crore) in angel funding from Varun Khurana, former CTO of Grofers, Samar Singla, CEO of Jugnoo and Vinay Bansal, CFO of Wildcraft.
Gurgaon-based Jogo Technologies Pvt Ltd, which runs Fitso, will use the money raised to strengthen its technology backbone and expand operations to multiple cities. The company is launching its services in Mumbai on January 17, it said in a statement.
Fitso was founded three months back by three IIT-Delhi alumni, Saurabh Aggarwal, Naman Sharma and Rahool Sureka. The mobile app connects users to discover partners and coaches for group activities such as running and cycling.
"We are trying to build a community for fitness enthusiasts who have similar fitness goals. You can create your upcoming activity and we will match a partner for you. There's a high probability you will find a training partner on the app," said Saurabh Aggarwal, co-founder, Fitso.
While Aggarwal has worked with Flipkart earlier, Sharma has worked with Zomato for four years. Sureka has worked in Yepme and UrbanClap before co-founding Fitso.
The Fitso app is available both on iOS and Android. Fitso, which is currently available in Delhi-NCR, plans to launch its services in all five metro cities in the next 2-3 months.
Manna Healthcare Pvt Ltd, which runs weight loss coaching and fitness app Obino, had raised early-stage funding from US-based VC firm RoundGlass Partners.
In November 2015, GOQii Inc, a wearable devices startup launched by Indiagames founder and former CEO Vishal Gondal, had raised $13.4 million (Rs 90 crore) in Series A funding led by global venture capital firm New Enterprise Associates (NEA).