Boldfit Raises Rs 110 Crore in Funding

Boldfit, a Bengaluru-based fitness startup, has successfully raised Rs 110 crore (approximately $13 million) in Series A funding from Bessemer Venture Partners (BVP), following a previous investment from cricketer KL Rahul. This funding will be utilized for product innovation, brand expansion, and to enhance customer engagement through targeted initiatives. The company, founded in 2018 by Pallav Bihani, aims to establish a significant omnichannel presence and plans to open offline stores in the next 12 to 18 months. Boldfit currently serves over one crore customers annually and reported a revenue of Rs 73 crore in FY24, with growth projections aiming to exceed Rs 500 crore by FY26. BVP's investment reflects confidence in Boldfit as a leader in India's rapidly expanding fitness market, which is expected to grow substantially in the coming years.