Prominent startup founders like Gaurav Munjal of Unacademy, Cred founder Kunal Shah, Citrus cofounders Amrish Rau and Jitendra Gupta in conjunction with others have participated in a $1.1 million maiden investment spherical in health startup Tread, the business enterprise stated in a press note today.
Among different buyers who pitched in had been Sujeet Kumar, cofounder of Udaan, MPL founders Sai Srinivas and Shubh Malhotra, Redbus founder Phanindra Sama, Whiteboard Capital, FirstCheque and Stanford Angels.
Tread which had its inception in July 2020 will use the finances to rapid tune product development, boost up the boom of its platform and overall business.
Tread desires to replicate the fulfillment of Cure Fit however withinside the on-line space. It intends to create organization exercise classes, all varieties of conditioning exercises on line via its internet site and its cellular application.
“This fundraise offers us the preliminary capital to hastily construct out our product, our content material throughout social structures and to onboard heaps of expert running shoes from throughout the country,” stated Dinesh Godara, Founder, Tread.
“Our on the spot intention is to release an immersive and gamified revel in for customers to select their exercises and make regular development on their health goals,” he added.
Tread has constructed an internet fitness network on YouTube, in which it has 1.1million subscribers and on Instagram in which it has more than five lakh followers. The startup is in talks with more than one assignment capital corporations for its Series A spherical of investment.
Online health structures are reaping big blessings because the pandemic has positioned the brakes at the manner younger Indians used to exercise session at gyms and public sports arenas.
Since customers are searching out exchange channels on line, structures like Tread and Fittr are trying to leverage the possibility and seize marketplace with immersive videos, interactive education classes and healthy residing ideas.