FITTR
From viral posts to raids: How online anger is reshaping India’s food-safety crackdown
Social media outrage is driving India's food-safety crackdown across the nation. Viral posts expose hygiene issues, prompting increased government inspections of food businesses. Regulators are stepping up checks, leading to suspensions and product seizures nationwide. This enforcement drive targets restaurants, hotels, and quick-commerce operations.
Ozempic row: Delhi HC seeks government reply over delay in off-label drug misuse probe
In a significant move, the Delhi High Court has summoned the government and drug regulatory bodies to address a contempt petition regarding the use of diabetes medications, including Ozempic, as weight loss aids. Authorities have been given a four-week period to respond to these serious allegations. The case is scheduled for a follow-up hearing on May 21.
Rainmatter-backed Fittr turns profitable in FY25, revenue stood at Rs 128 crore
Pune-based Fittr closed FY25 with Rs 128 crore revenue and Rs 11 crore profit before tax, returning to profitability after three years of losses. Subscription services contributed Rs 122 crore. The startup, with 50,000 daily users, now plans healthcare expansion, including a Pune centre and diagnostic facilities, backed by additional funding.
Zerodha’s Rainmatter invested Rs 275 crore in 2024 across climate, health startups: Nithin Kamath
Rainmatter, backed by Zerodha, invested Rs 275 crore in 47 startups last year, focusing heavily on climate and health sectors. The firm plans to invest an additional Rs 1,000 crore over the next few years, with climate and health projected as future megatrends. Since 2016, Rainmatter has invested about Rs 700 crore in over 100 startups.
Health, fitness products fly off the shelves for D2C, quick commerce
D2C brands and quick commerce platforms are experiencing a surge in demand for health and fitness products as consumers focus on fitness and personal wellbeing. Companies like Healthify and Boldfit report significant revenue increases, and fitness wearables and protein-based items see heightened sales, particularly in Tier II and Tier III cities.
It's a wrap! ET Soonicorns Summit 2024 ends on a song
The post-lunch sessions of ET Soonicorns Summit 2024 covered the spectrum from the dos and don'ts of soonicorn funding and the intersections of fitness and health tech to AI's ethical conundrum, all things SaaS, and the challenges faced by Indian green tech companies
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ET Soonicorns Summit 2024: Are you attending the summit that matters—a deep dive into India’s startup ecosystem?
The day has arrived! The ET Soonicorns Summit 2024, will be underway minutes from now. Register to get access to key insights into India’s startup ecosystem from industry leaders, policymakers, and founders. Take ownership of your startup journey as we pave the path for a resurgence after a steadfast focus on resilience showcased by the Indian startup ecosystem. Still time to register and get access!
Survival of the fittest in the startup world and beyond: Jitendra Chouksey on building strong businesses at ET Soonicorns Summit 2024
At the ET Soonicorns Summit 2024, fitness-tech entrepreneur Jitendra Chouksey, Founder of Fittr, will share his journey and insights into the dynamic intersection of fitness, technology, and entrepreneurship. The summit, themed ‘From Resurgence to Resilience,’ will take place on September 20 in Bengaluru and will feature some of India's leading soonicorn founders and industry leaders. Register now!
To India with love: boAt founder Aman Gupta to delve deep into product innovation, building a household brand, challenges, and lessons at the ET Soonicorns Summit 2024
Aman Gupta has successfully created a product-driven brand, boAt, with consumer-specific and data-driven strategies. Join us at the ET Soonicorns Summit 2024, on September 20, where Gupta will share his experiences, lessons in resilience, and an overview of the Indian startup ecosystem in a Fireside chat. Do not miss this opportunity to learn from the best in the business and to use these insights for your own brand. Do not forget to register!
Zerodha’s Rainmatter invests Rs 12 crore in foodtech startup TWF Flours
Foodtech startup TWF Flours has raised seed funding in the past from bigwigs in the startup world including Rajaraman Santhanam, cofounder Chargebee; Shan Krishnaswamy, cofounder, Freshworks; Sharath Longanathan, cofounder Ninjakart, among others.
Tata Digital’s consolidation play; Paytm turns compliance-first
Tata Digital also has plans to consolidate its various standalone apps, such as BigBasket, Tata 1mg, and Tata Cliq, under the Tata Neu app to improve consumer engagement and increase utilisation of the super app, whose slow take-off has been a cause of concern for the company.
Healthtech platforms leverage AI to enhance product offerings
According to consulting platform GlobalData, spending on AI platforms in the healthcare sector globally is projected to grow $18.8 billion by 2027 from $4.8 billion in 2022.
Zerodha’s Rainmatter pumps in $3.5 million in fitness startup Fittr
Jitendra Chouksey, founder of Fittr, told ET that the startup will get access to the entire ecosystem of health and wellness startups backed by Zerodha with this funding.
Dream Sports eyes diversification via investments, M&As to cope with tax blow
The company, which draws more than 90% of its revenue from the fantasy gaming platform Dream11, wants to expand into other adjacent streams through acquisitions to help protect its revenue and profit.
'KL Rahul is humble, intelligent, composed.' Why Suniel Shetty can't stop gushing about cricketer son-in-law
The actor is quite enjoying his new role in life.
Wearable tech, online classes & holistic well-being: 4 trends that are shaping the future of fitness
Gym-goers have started adapting to working out at home.
FITTR founder doesn't need superfoods, says he eats 'misunderstood' soya & potato to stay fit
Jitendra Chouksey works out for about 2 hours daily.
Pandemic has transformed the fitness business, making it leaner and nimble, offering workouts at home and in the gym
With the pandemic confining people to their homes on and off for the last two years, the physical fitness industry took a huge hit. People shied away from gyms in favour of at home workouts and online Zumba classes. When they did venture out, fitness enthusiasts would opt for smaller studios where they didn’t have to worry about crowds.
Dream Sports bags $840 million at $8 billion valuation
DST Global, D1 Capital come in as new investors as the sports tech firm wants to diversify beyond online fantasy gaming.
Fitness-tech startup Fittr gets $11.5 million from Dream Capital, Elysian Park
Fittr will use the funding to step up growth and expansion into new markets, including North America, the United Kingdom and Singapore, which currently account for 30% of the fitness-tech startup’s overall revenue.
HealthifyMe gets $75 million funding for hiring, overseas expansion
Impact investor Leapfrog, leading US-based venture capital investor Vinod Khosla and Saudi Arabia’s public investment fund Elm participated in HealthifyMe’s latest funding round.
FITTR founder uses his phone and laptop only between 10 am and 6 pm
Jitendra Chouksey says he can live without any gadget.
Fittr co-founder has daily check-in calls with team to ensure energy levels are high
Sonal Singh likes to mentally ‘switch off’ from work after the closing call of the day.
Fittr founder used lockdown to get better at playing guitar, says dad-daughter musical duo is in the making
Jitendra Chouksey took some time to get used to work from home.
Fitness startup Fittr raises $2 million from Surge
Founded in January 2016, Fittr provides free access to diet and training tools, live fitness sessions with experts, Q&A with coaches, and connects users to a community of fitness experts and enthusiasts.
Sequoia Surge backs seven Indian startups in the third batch
The $200-million fund, led by former Google top executive Rajan Anandan, has made 15 investments across India and Southeast Asia.
Covid-Asana: Indians go big on yoga from home
Other popular routines include calisthenics, resistance band workouts, Bollywood dance, and strength and conditioning as fitness studios go virtual on different mediums to cater to rising demand for online sessions.
Pune-based startup Squats acquires minority stake in Fitato
Squats was recently selected for Y Combinator, a US-based startup accelerator that has helped companies line Airbnb, Cleartax, Dropbox and others step up business operations.
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