Fitso raises USD200,000 from angel investors
Jogo Technologies Pvt. Ltd, which runs the Fitso social networking app for fitness enthusiasts, has raised USD200,000 from angel investors.
Yashish Dhaiya, Chief Executive, PolicyBazaar, Flipkart’s former operations president Sujeet Kumar and Bhupinder Singh, CEO, Intelenet Global Services were among the investors, the company said.
This is Jogo’s second round of angel funding after raising the same amount from former Grofers chief technology officer Varun Khurana, Jugnoo CEO Samar Singla, and Vinay Bansal, CFO of sports brand Wildcraft in January 2016.
The fresh capital will be used to expand the workforce and add more features to the Fitso app. The company will also build a team of personal trainers for running, swimming and triathlons in Delhi and National Capital Region.
Fitso lets users hire professional trainers for yoga, physiotherapy, massage and diet guidance, besides curating information on upcoming sporting events. Since its launch, Fitso has garnered 300,000 users, co-founder Sureka said in a statement.