With this acquisition, the company is planning to enable over 1 lakh paid transformations by the end of 2021
Earlier, the healthcare startup had raised an undisclosed amount in a pre-series A funding round led by cricketer and entrepreneur Yuvraj Singh
Sportfit founder Aaris Kalra will head the sales of health transformations at Wellversed, along with other team members of Sportfit in business development roles
Healthtech startup Wellversed, which offers nutrition guidance to consumers, has acquired Delhi NCR-based Sportfit to expand its portfolio of training programmes for health transformation and athletic transformations.
In a press statement, Wellversed said the acquisition of Sportfit will augment the ‘Wellness Servicing’ team at Wellversed, increasing the team strength to around 100 employees. With this acquisition, the company is planning to enable over 1 lakh paid transformations by the end of 2021.
Earlier, the healthcare startup had raised an undisclosed amount in a Pre-Series A funding round led by former India cricketer Yuvraj Singh. The investment from Singh’s YWC Ventures valued the two-and-a-half-year-old startup at INR 100 Cr.
Founded by Aanan Khurma, Aditya Seth, Ripunjay Chachan in 2018, Wellversed offers diet planning and nutrition guidance through experts as well as sells products for intermittent fasting, vegan, diabetes, gluten-free, high-protein, immunity regimes and more. The company claims to have a presence in metros and Tier 1 cities, and wants to penetrate smaller towns as well as overseas markets over the next year.
Wellversed’s product portfolio will be used to augment the health transformation plans offered by Sportfit, according to the two companies.
Launched in 2019 by Aaris Kalra, Sportfit helps users with physical activities and health transformation coaching and claims to have a presence in over 100 athletic venues across Delhi NCR. Kalra is currently leading the sales operations at Wellversed, as per his LinkedIn profile.
Aanan Khurma, cofounder & CEO of Wellversed believes the acquisition strengthens the company’s position in the health transformation space. “With the acquisition of Sportfit, we are equipped to cater to all kinds of fitness outcomes that the consumers need. We welcome the Sportfit team to Wellversed and look forward to creating the desired synergies with them.”
Sportfit founder Kalra added that Wellversed fills the gap of lack of genuine health food and nutrition products and its portfolio would help increase the pace of health and athletic transformations for new customers.
The primary competition for Wellversed after its entry into the health transformation space would be the likes of Curefit, Sarva Yoga and GoQii, which offer a mix of fitness coaching, health food, nutrition and other related services. According to the Inc42 Plus report “India’s Healthtech Landscape In a Post Covid-19 World”, within the preventive healthcare market, the contribution of fitness and wellness companies was around 58% in 2019, with startups offering virtual training and remote classes leading the way.