# Fitso

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fitso

- Industry: Travel & Leisure
- Headquarters: Gurugram, India
- Website: www.getfitso.com
- Total disclosed funding: $1.5M
- Latest round: Series A (Feb 2, 2019)
- Investors on record: 5

## About

Fitso is a fitness technology company that focuses on providing personalized fitness solutions and wellness services to enhance overall health and well-being for its users.Fitso, founded in 2015 by Tuan Le, operates from Gurugram, India and specializes in fitness technology services. In November 2021, the company was acquired by Diverse Retails Private Limited for USD 50 million. Tuan Le has a background in entrepreneurship, contributing to the strategic direction of Fitso.Fitso offers a comprehensive suite of health and wellness products and services, including customized fitness programs, meditation sessions, and nutritional meal offerings. The fitness programs encompass group classes, personal training, and online coaching tailored for various fitness levels. These services cater to a diverse clientele, with a strong presence in urban centers across India, emphasizing accessibility and variety in health solutions.In the most recent fiscal year of 2023, Fitso reported a revenue of USD 3.23 mn, with an EBITDA of USD -2.93 mn. The company's revenue streams are derived from subscriptions to its fitness programs and partnerships with local wellness centers, alongside health food product sales targeted at individual consumers and businesses.Fitso is poised for expansion with plans to launch new health and wellness products in the upcoming year, aiming to enhance its service offerings. Additionally, the company is targeting expansion into further metropolitan regions across India by late 2024. The recently raised USD 50 mn from the Add-on funding round will be crucial in supporting these initiatives, as outlined during the acquisition in November 2021.

## Funding rounds

- Series A, Feb 2, 2019, $1.5M — IPV Capital Partners, Helion Venture Partners, SRI Capital, Sprout Venture Partners, Appyhigh Technology LLP

## Investors

- IPV Capital Partners (https://capitalatlas.ai/funds/ipv-capital-partners) — Series A
- Helion Venture Partners (https://capitalatlas.ai/funds/helion-venture-partners) — Series A
- SRI Capital (https://capitalatlas.ai/funds/sri-capital) — Series A
- Sprout Venture Partners (https://capitalatlas.ai/funds/sprout-venture-partners) — Series A
- Appyhigh Technology LLP — Series A