Gympik acquires Oyofit to aim at corporate wellness category

Bangalore-based start-up Gympik Health Solutions, which owns and operates online marketplace-cum-ecosystem for fitness and wellness service providers, has acquired Oyofit, a fitness aggregator for enterprises and individuals for an undisclosed amount. The move is meant to increase its foot print in the corporate wellness category. “Corporate wellness is gaining prominence as its benefits range from increased employee productivity, higher engagement, lesser absenteeism and higher ROI. This acquisition is part of our strategy to expand the business of our corporate wellness solutions and become the leaders in this sector,” said Amaresh Ojha, Founder and CEO of Gympik without disclosing the consideration. Founded in September 2015 by Shivank Agarwal and Ruchik Garg, Oyofit offers gym membership to individuals and corporates that includes DreamOrbit, HackerRank, AirRescue, MoveInSync, FxCart, HackerEarth, RazorPay, Jet Airways, Furlenco and HomeLane. With Oyofit, Ojha believes that Gympik can provide health and fitness solutions to employees more efficiently.
“Oyofit has established a strong presence in the corporate fitness category. We bring the strengths of strong network of personal trainers and the capability to deliver wellness solutions that cater to the unique needs of employees. Together, our abilities will enable us bring wellness solutions to corporates in the most efficient way,” Ojha noted.
Shivank Agarwal, co-Founder of Oyofit, is to join the Gympik leadership team while the co-founders and the core members of the Oyofit team will join Gympik.
“It will be an opportunity for Oyofit to be part of Gympik and build the corporate wellness category which has tremendous potential in the coming years” said Shivank, Co-founder of Oyofit.
Gympik claims to have about 9,000 fitness centers and 6,000 trainers from 20 cities currently participating on the platform to meet the consumer’s fitness and wellness goals. The startup also offers cloud-based software and a personalized application for fitness centers, which can be deployed by center managers, trainers and consumers to track performance and fitness schedules. The platform allows users to calculate calories burnt based on their specific data and health stats, basal metabolic rate (BMR), body mass index (BMI) and heart rate, apart from daily lifestyle and health tips offered. In March this year, Gympik raised an undisclosed amount in the pre-series A funding in led by Roundglass partners. According to Amaresh Ojha, the funding was to be deployed to meet the growing demand, expand into new geographies and to hire technical talent to help them reach their expansion goals.

Abhinav Mohapatra

An author who has a keen interest for the ‘off-beat’ <!--more-->An author who has a keen interest for the ‘off-beat’, he has covered and explored multiple facets of the marketing, advertising

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