Fitpass, a New Delhi-based startup which provides access to gyms and fitness studios, has received $1 million in a new funding round, led by Shooting Star and Franchise India Brands. The company’s co-founder Akshay Verma said that the fresh capital will be utilized to expand the network of gyms and fitness studios that are part of FITPASS to 10 cities in the next six months.
He said, “We have already partnered with 400 centres in Bengaluru and will also launch in Mumbai and Pune soon. We have also seen good traction on the nutrition app and counsellor side while our gym ERP has a 93% conversion rate for the centres we work with. It usually takes a centre two months to turn into a paying customer for the FITPASS ERP.”