Bangalore-based fitness services marketplace OYOFit has raised an undisclosed amount of angel funding from RN Agarwal, managing director, WeP Peripherals Ltd.
Started in 2015 by a team of IITians Shivank Agarwal, Gaurav Bhatia, and Ruchir Garg, OYOFit offers users to discover, book and experience fitness services in over 150 partnered fitness clubs. It offers more than 30 fitness activities including sessions for zumba, pilates, yoga, dance, aerobics, and more, with no yearly contracts.
The startup plans to use the newly raised capital to hire people, launch APIs that will be used by diet food and medical service providers, and to develop live inventory management software.
The startup competes directly with the likes of Fitternity, Fitmein, Gympik, Gymer, Fitpass, and Hobbyix. However, there are various home services players like UrbanClap, LocalOye, Zimmber, Taskbob, etc. that offer on-demand fitness and wellness services at home.
Most recently, another Bangalore-based health and fitness startup Cult raised funding from Myntra co-founder and former Flipkart executive Mukesh Bansal. Earlier in March, Gympik.com raised an undisclosed amount of pre-Series A round of funding from RoundGlass Partners. Orobind, an ‘at-home’ personal fitness tech startup, got acquired by home services startup Housejoy in February. In March, it was reported that Mukesh Bansal has partnered with Ankit Nagori, ex-chief business officer at Flipkart, to launch a new healthcare, sports and fitness company in Bangalore.
The development was first reported by Dealstreetasia.
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