Online fitness startup TREAD has raised $1.1 Mn in its Pre-Seed round from a clutch of angel investors and VC firms. Investors participating in the round included Unacademy founders Gaurav Munjal, Roman Saini, and Hemesh Singh; Udaan Co-founder Sujeet Kumar; CRED Founder Kunal Shah; Citruspay Founder Amrish Rau; MPL founders Sai Srinivas and Shubh Malhotra; Jupiter Founder Jitendra Gupta; and RedBus founder Phanindra Sama, among others.
TREAD is a homegrown fitness startup that aims to advance the 'Fit India' initiative by offering holistic and affordable workouts.TREAD has also built a fitness community on its social media channels. It has 1.1 million subscribers on YouTube, and another five lakh plus followers on Instagram.
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."