FitBudd, an India-based SaaS start-up that helps global health & fitness coaches grow worldwide, announced $3.4 million in seed funding.
The investment was from Accel India, Beenext, Sequoia Capital India, and Waveform Ventures, with the cash earmarked for further product development and customer acquisition.
"We're using technology to democratize health and fitness coaching," says Saumya Mittal, CEO of Fitbudd. "We want to help coaches grow their businesses and give more people access to help that can be life-changing." "Our most important objective of all is to make a dent in the deteriorating health trends we see in so many countries worldwide," she added. "We know health and wellness coaches can make all the difference in helping people to reverse those trends, so it's critical that more people have access to them."
FitBudd, which only launched a year ago, has already signed up over 1,000 coaches from around 20 countries, and revenues have increased tenfold since the platform's inception. Within the next 18 months, the goal is to reach $5 million in recurring revenue.
FitBudd's vision is of a sector where coaches can take on and manage much larger numbers of clients than ever before, scaling their businesses – and their earnings – far more rapidly.
Company: FitBudd, Inc.
Round: Seed Round
Funding Month: October 2022
Lead Investors: Accel India, Beenext, Sequoia Capital India, and Waveform Ventures
Company Website: https://www.fitbudd.com/
Software Category: Personal Training Software
About the Company: FitBudd, a SaaS platform helping global health & fitness coaches grow worldwide, is a fast-paced start-up funded by marquee investors. Fitbudd solves two core problems for its market. It allows coaches to better engage with and retain their clients at scale. It allows them to be far more accessible to clients across the globe, enabling them to grow internationally. FitBudd offers a unified platform to make online personal training genuinely personal. Each coach gets their website with integrated payments and a portal and app to manage their clients, get insights, analytics, and more—all in one place. Clients get a mobile app to do workouts, log nutrition, and track their fitness journey, and all the data is accessible to their coach in real-time. They engage with in-app messaging and video calls. Coaches can train 100s, even 1000s, of clients at once using a combination of synchronous & asynchronous means. The FitBudd client app has a suite of features to ensure high accountability and compliance. Clients can see their training plan, including workouts, meals, step targets - everything! The coach regularly updates their program to fit their schedule, goals, equipment, and travel.