Rainmatter, the VC fund of Zerodha, infuses Rs 28 Crore into Fittr, Enhancing its Health and Wellness Portfolio

Rainmatter, a venture fund supported by Zerodha, has injected Rs 28 crore (around $3.5 million) into Fittr, a fitness startup in Pune. In 2021, Fittr had secured approximately $11 million in funding from Elysian Park, an American private investment firm, Peak XV’s seed fund Surge, and other investors. This latest investment brings Fittr’s total equity funding to $17 million since its establishment in 2016.

Rainmatter has cultivated an ecosystem with investments in around 18 startups within the health and wellness sector. Some notable companies in its portfolio include Aroleap, Devils Circuit, Ultrahuman, Trunativ, and Humanedge. Jitendra Chouksey, the founder of Fittr, expressed that with Rainmatter’s backing, the startup gains access to Zerodha’s extensive health and wellness startup network. Chouksey highlighted the potential for collaboration between Fittr and other health and wellness startups under Rainmatter, aiming to advance personal health and fitness initiatives for users.

Fittr, having recently reported quarterly profits and an annual recurring revenue run rate of Rs 120 crore, is contemplating a public listing once it achieves year-on-year profitability. The primary focus remains on establishing a sustainable and profitable business model.

With approximately 250,000 monthly active users and over five million app downloads, Fittr positions itself as a platform providing online fitness and nutrition coaching and personalized training.