ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • RBI extends implementation of card tokenisation norms by 3 months; deadline extended till 30 September
  • EXCLUSIVE: 'Noida International Airport at Jewar to be jewel in crown of Indian aviation sector' - Know what all is coming up at
  • D-Street Corner: Market gains 2.7% in highly volatile week, investors richer by 5.5 lakh cr; what should investors do on Monday?
  • Sebi allows UPI payment option to invest in public issues of REITs, InvITs with effect from 1 August
  • Netflix lays off 450 employees in two months—Here's what's bothering OTT giant
Read in App
Business News » Small Business News

With actor Suniel Shetty on board, SQUATS looks to turn 50 mn Indians into super-fit beings, sets eyes on raising up to $5 mn

Pune-based online fitness community SQUATS has recently announced its target to raise up to $5 million within the next year. The announcement further underlines SQUAT's commitment to grow its unique fitness ecosystem. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
With actor Suniel Shetty on board, SQUATS looks to turn 50 mn Indians into super-fit beings, sets eyes on raising up to $5 mn
The capital infusion will be leveraged to take SQUATS’ message of preventive healthcare to a much larger audience across the globe.

Pune-based online fitness community SQUATS has recently announced its target to raise up to $5 million within the next year. The announcement further underlines SQUAT's commitment to grow its unique fitness ecosystem. The capital infusion will be leveraged to take SQUATS’ message of preventive healthcare to a much larger audience across the globe. Along with this, the platform aims to clock more than 1 million FITTR downloads by 2019 and bring more than 400 global transformation coaches on board its platform by 2020.

SQUATS’ distinguished and result-oriented approach has helped it achieve exponential organic growth and profitability. Since its inception, the platform has driven more than 70,000 paid fitness transformations and has built a strong, highly-engaged online community of 5,00,000 members. Till date, SQUATS has generated cumulative revenues worth $8.5 million – all without any external funding or marketing/advertising. By raising external funds, the platform now envisions generating a revenue of $100 million by the 2021-22 fiscal.

SQUATS Founder Jitendra Chouksey believes that the platform has been successfully breaking the cycle of misinformation and inefficient fitness routines since its inception, delivering tangible and verified results to thousands of Indians. 

"Our differentiated, community-based approach has also driven strong brand loyalty amongst all our members, without burning money on heavy marketing and advertising. We are now looking to accelerate our growth trajectory. Raising external funds will help us enhance our underlying technological framework, strengthen our team, and expand our operations globally, thus making the world fitter and creating meaningful jobs in the fitness space," he said. 

The platform had recently secured an undisclosed investment from Bollywood actor, producer, and entrepreneur, Suniel Shetty. With this investment, both SQUATS and its now strategic stakeholder, Suniel, have pledged to initiate a lifestyle shift amongst Indians from curative to preventive health care.

The company's long-term vision is to make 50 million people fit and also enable it to create one lakh jobs in the fitness space.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Small BusinessStartups
Written By: ZeeBiz WebTeam
Updated: Tue, Jun 18, 2019
04:16 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Pine Labs acquires API fintech startup Setu in USD 70-75 mn deal Pine Labs acquires API fintech startup Setu in USD 70-75 mn deal
Piper Serica launches Rs 100-cr angel fund for investing in startups Piper Serica launches Rs 100-cr angel fund for investing in startups
LeadSquared turns unicorn with USD 153 mn fundraise from WestBridge Capital LeadSquared turns unicorn with USD 153 mn fundraise from WestBridge Capital
Vahak raises USD 14 mn in funding round led by Nexus Venture Partners Vahak raises USD 14 mn in funding round led by Nexus Venture Partners
Highest ever in one tranche by any venture capital fund! Sequoia raises USD 2.85 billion to fund Indian startups, others Highest ever in one tranche by any venture capital fund! Sequoia raises USD 2.85 billion to fund Indian startups, others

LATEST NEWS

BharatNCAP: Government proposes to implement vehicle safety rating, issues draft notification

How has technology changed the face of investing and what lies ahead? Analyst decodes

This Mukul Agrawal textile stock may grow over 52% on strong export outlook and government initiatives

Indian markets should start its journey upward by October – know why? Analyst lists out 4 reasons

Two-thirds of MSME loan originations concentrated in Maharashtra, Tamil Nadu, and Delhi: Credit information company data

US one step away from historic gun law reforms

Strong fundamentals, good dividend yield make Coal India, ONGC, NTPC, 3 other stocks good bets in current market—Check TPs, dividend payout ratios

Auto major Ford extends production at Tamil Nadu plant till July-end

RBI exploring options to ensure customer safety dealing with PPIs issued by non-bank entities

Government extends levy of GST compensation cess till March 2026, finance ministry issues notification

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV