Gympik

Bangalore-based fitness solutions provider Gympik has acquired FitnessPapa. Following the deal, the FitnessPapa team will merge into Team Gympik while the former’s founder Sourabh Kumar will join the Gympik core team, reports Iamwire.

Gympik works as an online marketplace for fitness services providers, and claims to list around 3,000 trainers across various categories like physical trainers, yoga teachers, aerobics instructors, dietitians and martial arts instructors among others. It was founded in December 2012 by Amaresh Ojha and Ajay Pandey.

FitnessPapa was founded in March 2015 and has more than 500 centers across Bangalore, Chennai and Coimbatore. It offers a monthly membership program called FitnessPapa passport which enables users to join best fitness centers for a workout of their choice. The monthly membership fee is Rs 999 (plus taxes) and provides access to 10 classes.

Following the merger, Gympik will retain the monthly pass system but will allow users to choose from 30 different workouts such as Zumba, Yoga, dancing, Gym, swimming, Karate,mixed martial arts, boxing among others. Gympik also claims to have around 6,000 centers and studios.

Besides connecting users to fitness providers, Gympik also equips users to calculate BMR, BMI, heart rate and calories burnt based on height, weight and workout details. As part of this acquisition, Gympik will also provide a platform for users to share information with their trainers and coaches.

Funding

In January this year, Gympik raised $135,000 in a round of seed funding from Capvent’s managing partners Rohan Ajila and Tom Clausen, and the manufacturing firm Haldyn Glass. Heathcare accelerator Healthstart also participated in this round. Gympik also raised $2 million in an ads for equity deal from the Times Group’s Brand Capital, as indicated by this report from YourStory. The company said that it will utilize the funds for furthering its marketing goals.

Competition

– Earlier this week, FitMeIn, an online platform which provides users memberships of multiple fitness studios in Delhi-NCR, raised $100,000 in seed funding from Green House Ventures. The company plans to expand to other metro cities and launch its Android and iOS app, and has also been selected for GHV’s 12 month acceleration program.

– Earlier in August, Bangalore-based Orobind raised a pre-series A round of funding from existing investors Harpreet Singh Grover and Zishaan Hayath, as well a set of new investors. The platform will use the funding for launching a new subscription service called Orobind Access.

– In July, Fitness tracker startup GOQii raised an undisclosed amount of funding from Paytm founder and CEO Vijay Shekhar Sharma in his personal capacity. GOQii founder Vishal Gondal launched the fitness tracking solution coupled with human coaches in February last year. In March, GOQii launched a ‘coach’ marketplace model, wherein users would be able to hire coaches irrespective of their location.

– In April this year, doctor discovery platform acquired digital fitness solution FitHo to offer preventive healthcare solutions to its users. FitHo offers users a custom weight loss plan, including a diet plan, exercise plan (which includes video and voice instructions) and regular monitoring from health coaches or dieticians.

(with inputs from Shashidhar KJ)