🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉

Download App

Home

Switch theme

Blog . Feedback . Privacy
Community Guidelines

Back to feeds

2024-11-07T14:57:40.675Z

Boldfit Raises INR 110 Cr to Expand Its Product Line By Applyly November 7, 2024 INTRODUCTION Boldfit is a D2C firm. The startup is based in Bengaluru. Boldfit, raises INR 110 Cr ($13 Mn) from Californian venture capital firm, Bessemer Venture Partners. After receiving this funding, Boldfit can invest in product development. Moreover, this will help in brand visibility in the market. There are plans to open physical stores within 12 to 18 months, which will boost market share. Investment to Drive Product Innovation Boldfit plans to develop a broader product portfolio. It currently stocks over 400 niche products, including fitness equipment, yoga accessories, supplements, and athletic wear. With this new capital, Boldfit can introduce new products and enhance existing ones with this new capital. This strategy helps the brand reach more fitness enthusiasts and will be favourable in helping them discover quality, affordable products. In fitness segment, the startup is now in a strategic position to increase product portfolio. Boldfit’s Plans for Offline Stores Offline expansion is one of Boldfit’s key operational strategies. The startup plans to open more stores in coming 12 to 18 months. This step will offer customers the opportunity to experience products in person, thereby increasing trust and brand credibility. Merging online success with a physical presence could boost sales and strengthen the customer base. Offline stores provide a personal touch and expand Boldfit’s reach in various regions, including tier-1 and tier-2 cities. Support from Major Backers The investment from Bessemer Venture Partners endorses Boldfit’s strong vision. Founder Pallav Bihani expressed that this support is vital for the brand’s next growth phase. Previously, cricketer KL Rahul also invested in Boldfit, adding to its reputation. These investments will help the startup expand into the Middle East. Key pillars like Bessemer support the company’s vision to lead India’s fitness industry. Potential Growth Sectors in the Fitness Industry in India As there is a highly growing market for fitness services in India so the timing of boldfit looks more than correct. The Indian fitness market, valued at $20 Bn in 2023, is expected to grow at an annual rate of 27%, reaching $32 Bn by 2028. This growth offers opportunities for startups focusing on quality products and strategic expansion. Boldfit’s offline and international plans align with these market trends, positioning it for success. Conclusion– Boldfit Raises INR 110 Cr Boldfit’s INR 110 Cr funding round is a major step forward. The investment supports product innovation and expansion into new markets. With plans for offline stores and international reach, Boldfit is set to lead in the fitness sector. Strategic growth, solid backing, and product development will help Boldfit achieve its ambitious goals. Thanks SOURCES: Source Link 1 Source Link 2

gray man

Stealth • 8d

Ethics in business means “don’t sell anything you wouldn’t buy.”

4 replies6 likes

Replies (4)

Anonymous 3

Stealth • 8d

Sam agenda in investing as in product promotion. Very reliable.

1 replies

Anonymous 2

Stealth • 8d

Guess bro hasn't gotten a big enough offer.

0 replies

Anonymous 1

Stealth • 8d

Preach brother.

0 replies

Recommendations from Medial

Kishor Nandha

Stealth • 8m

People don’t buy what you do, they buy why you do it,” the question of “why are we in this business.

7 replies3 likes

Anonymous

Stealth • 8m

What's the brand value of IKEA in India? Did you buy anything from IKEA, share your experiences...

9 replies15 likes

Rohit parade

Stealth • 7m

Hey what you thinking about the idea of rent anything like olx do sell anything on olx the same model is rent anything what you think on that let me know!

8 replies4 likes

Anonymous

Stealth • 24d

I want To start a Vending machine business in india i want to sell Frozen Food. i will keep the prices low, so people can afford it Would you buy it? or will you go for the outside food?

14 replies4 likes

Sanjeev Kumar

Stealth • 4m

If you have an insight of anything you can build a business

0 replies3 likes

Michil ahmed

Stealth • 1m

Hello Everyone.I am a very small entrepreneur. I started e little business Mainly I buy water bottles By my ows design and label.I buy them from 8.5 tk and sell them 20 tk to consumers and 12 tk to Retailer.So i need little investment for my business

6 replies6 likes

Payal Manghnani

Stealth • 5m

✅IMPORTANT BUSINESS RULES👇 Only do things that make you happy. If you don't enjoy it, you'll get tired eventually. Don't sell anything that you wouldn't buy yourself. Collaborate with people who have something to teach you. Assign tasks that a

0 replies7 likes

Ankit Farmkal

Stealth • 3m

Our App is live now on play store. FarmLX for buying and selling old farm equipments. Simple listing process and easy for farmers to buy or sell anything. Download FarmLX App. Your feedback is most welcome.

0 replies5 likes

SunGod YT

Stealth • 3m

Hello my name is Sunil , I'm from Hyderabad, I'm in silver business which is my dad's helping him in the business and growing our family business, i have product I want someone to sell it online, I can give you commision on your sales product is mine

5 replies2 likes

Roshan “KR” Meena

Stealth • 3m

💡Used car business 🚙 Many cars are standing in a straight line. If you want to start a business then you can start the business of old cars. To start this business you will have to spend Rs 3 lakh. You will also have to get a big garage Nowadays e