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KFit, based in Kuala Lumpur, Malaysia, provided a subscription-based platform offering unlimited access to fitness studios and classes, allowing users to book gym sessions and fitness activities without long-term contracts. The company rapidly expanded its operations across Southeast Asia, Australia, Taiwan, and Korea, reaching 10 Asian cities and facilitating 250,000 activity reservations across 4,500 gyms by early 2016. KFit successfully raised $12 million in Series A funding in January 2016. This round saw participation from notable investors including Venturra Capital, SIG, Axiata Digital Innovation Fund, Sequoia Capital India, and 500 Startups. The platform was founded in 2015 by Joel Neoh and Chen Chow. Its business model centers on subscription-based membership model for unlimited fitness class bookings, with revenue from user subscriptions and partnerships with gyms.
KFit has raised $15.3M across 2 funding rounds.
KFit has raised $15.3M in total across 2 funding rounds.
KFit has raised $15.3M across 2 funding rounds. Most recently, it raised $12.0M Series A in January 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 31, 2016 | $12M Series A | Stefan Jung | 500 Startups, Axiata, Pieter Kemps, SIG | Announced |
| Jul 20, 2015 | $3.3M Seed | Shailendra J Singh | — | Announced |
KFit has raised $15.3M in total across 2 funding rounds.
KFit's investors include Stefan Jung, 500 Startups, Axiata, Pieter Kemps, SIG, Shailendra J Singh.
