Delhi-based Fitraq Services Pvt Ltd, which owns and operates gym & fitness centres discovery site Fitraq.com, has raised $150,000 (Rs 94 lakh) in funding from Tarun Arora, MD of Northern Collection and Credit Bureau (NCCB), India, a senior executive of the company told Techcircle.in.
The funds will be used for marketing and expansion to other cities.
“Currently, we are present in Delhi-NCR region. With this funding, we will launch our services in Mumbai in a month,” said Siddharth Rampal, founder, Fitraq.
The startup was founded by Rampal and Rouzbeh Pasha. Rampal holds an MBA from Staffordshire University, the UK. An ex-Skype employee, Pasha has studied Industrial engineering & management at Chalmers University of Technology. The company claims to have over 1,200 fitness centres on its platform as of now. However, users need to register on the site to contact the centres.
This is Arora’s first investment in a company as an angel investor. Besides NCCB, he is director of Derby Group UAE.
In January this year, Bangalore-based Gympik Health Solutions Pvt Ltd, which owns and operates online marketplace for fitness service providers Gympik.com, had raised $135,000 (about Rs 86 lakh) in seed funding from Capvent’s managing partners Tom Clausen and Rohan Ajila, as well as manufacturing firm Haldyn Glass. The round also saw participation from healthcare accelerator Healthstart. Another company operating in the same space is Snapfitness.com.
(Edited by Joby Puthuparampil Johnson)