SaaS startup FitBudd raised $3.4 million in seed from Accel India, Beenext, Sequoia Capital India and Waveform Ventures.
FitBudd assists fitness coaches in better engaging with their customer base and retaining their clientele. FitBudd has used the funds to expand its product line, expand its client base, and enter the international health and fitness market. According to FitBudd, over 600 million people worldwide use fitness apps or have gym memberships. When they are unable to achieve results through gyms and fitness apps, more than 70% of people consult with personal fitness coaches. According to Inc42, the Indian healthcare SaaS market is expected to be worth $3.5 billion by 2025. In the next three years, the industry will grow at a CAGR of 45%.
