Talwalkars Better Value Fitness has picked up 19% stake in the online fitness and health discovery platform GymTrekker for an undisclosed amount, reports Vccircle. GymTrekker will use the funds for expanding to Tier II cities and scaling its operations, while Talwalkars will get to expand its presence online.
GymTrekker currently connects gyms and fitness service providers with potential customers. It currently claims to list 3,500 fitness centres and over 1000 online members. As of now the platform operates in Mumbai, Pune, Bangalore, Goa and Ahmedabad, and plans to expand its services across the country in the next year.
Users can look for gyms, yoga, kick-boxing, swimming, dance classes, crossfit and zumba on the platform, either by location or by name of the organization and apply for the classes. Users can also get a virtual tour or get a free trial for certain gyms. Expectedly, GymTrekker currently lists Talwalkars’ offerings at the top of its search list.
GymTrekker also offers a store which lists various categories including fitness accessories, sports accessories, health drinks, health services, protien supplements and vitamins and medicines. However, most of these listings are empty, with the platform currently listing less than 10 products. Note that Talwalkars runs its own website at Talwalkars.net, where it offers users various calculators for BMI, heart rate etc., recipes for healthy eating, and blog style fitness stories. It also features a ‘buy online’ section, although this page doesn’t open.
Other developments in fitness space:
– In September, Bangalore-based fitness solutions provider Gympik 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.
– The same month, 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.
– In August, Bangalore-based Orobind raised a pre-series A round of funding. The platform would 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, the company launched a ‘coach’ marketplace model, wherein users would be able to hire coaches irrespective of their location.