New Delhi, Sep 16
India’s fitness tech sector has raised $989 million across 203 equity rounds till date, underscoring its steady expansion despite current cautious funding activity, a report said on Tuesday.
The fitness tech ecosystem currently comprises more than 600 active startups, of which 96 have secured equity funding.
"Over the last decade (2016–2025 YTD), annual funding grew from $24.2 million in 2016 to a record $387.9 million in 2021, before moderating to $48.3 million in 2024. Meanwhile, 2021 marked the most funded year," Tracxn said in a report.
In terms of top-funded startups, to date, Cult.fit remains the most funded startup in the sector with $666.6 million, followed by HealthifyMe with $145.3 million, while Ultrahuman has secured $54.9 million in funding.
The sector has recorded four mega funding rounds of over $100M to date, all raised by Cult.fit. These include a $180M Series F in 2021, a $110.5M Series D in 2020, a $120M Series D in 2019, and a $120M Series C in 2018.