Bengaluru-based online fitness startup TREAD has raised seed funding of USD 1.1M (8 crore INR) from a clutch of reputable entrepreneurs and angel investors. The notable investors who participated in this funding round were Unacademy Founders (Mr. Gaurav Munjal, Roman & Hemesh Singh), Mr. Sujeet Kumar (Udaan, ex-Flipkart), Mr. Kunal Shah (CRED), Mr. Amrish Rau (Pine Labs, ex-PayU), Mr. Sai Srinivas & Mr. Shubh Malhotra (Mobile Premier League (MPL)), WhiteBoard Capital, Mr. Jitendra Gupta (LazyPay by PayU Finance), Mr. Phanindra Sama (redBus), FirstCheque, Stanford Angels and Better Capital among others. TREAD, which was founded by Dinesh Godara in July 2020. The startup enables users to avail unlimited access to various types of workout sessions in yoga and cardio categories, among others, through its monthly or yearly subscription model.
Tread aims to flare up the “Fit India” initiative with the mission to bring holistic and challenging workouts in a more accessible, affordable and efficient way. In a statement issued by the startup, Founder and CEO Dinesh said “This fundraise gives us the initial capital to rapidly build out our product, our content across social platforms, and to onboard thousands of professional trainers from across the country. Our immediate goal is to launch an immersive and gamified experience for users to choose their workouts and make consistent progress on their fitness goals.”
Godara had earlier floated an edtech startup named Wifistudy. Later he joined Unacademy after his start-up was acquired by Unacademy (Oct 2018).