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Actofit - About the company

Actofit is a seed company based in Mumbai (India), founded in 2014 by Tushar Patil. It operates as a Developer of connected fitness tracking devices. Actofit has raised $867K in funding from Next Orbit Ventures, with a current valuation of $*****. The company has 627 active competitors, including 87 funded and 32 that have exited. Its top competitors include companies like Withings, Whoop and Fitbit.

Company Details

Developer of connected fitness tracking devices. The company offers smart scale weight tracking devices, wrist wear, chest straps, badminton tracking devices, and nutrition tracking devices.
Social
XFacebook
Email ID
*****@actofit.com, *****@actofit.com
Phone Number
+91 **********
Part Of
Registered Address
OFFICE NO. 502 5TH FLOOR ORIGIN 108 BHAKTI BHAVAN LANE, OFF SION TROMBAY ROAD CHEMBUR MUMBAI, Mumbai, Mumbai, Mumbai, Maharashtra, India, 400071
Key Metrics
Founded Year
2014
Location
Mumbai, India
Stage
Seed
Total Funding
$867K in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jul 01, 2023
Ranked
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2024
Employee Count
19 as on Jun 30, 2026
Investment & Acquisitions
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Actofit's funding and investors

Actofit has raised a total funding of $867K over 3 rounds. Its first funding round was on Jul 2015. Its latest funding round was a Seed round on Jul 01, 2023 for $*****. 3 investors participated in its latest round. Actofit has 7 institutional investors and 21 angel investors.

Here is the list of recent funding rounds of Actofit:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jul 01, 2023
4174567
Seed
1942002
3268277
8502949
4228614
Jul 16, 2016
5623933
Seed
4769937
4896273
3787895
Jul 2015
3253994
Seed
5852833
1955343
1006292
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Actofit's founders and board of directors

Founder? Claim Profile
The founders of Actofit is Tushar Patil.
Here are the details of Actofit's key team members:

Actofit's Board of Directors

Actofit's board has 1 active member. Pratik Saraogi is part of team.
Here is the list of Actofit's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
11y 3m
mivxinq
Team
-
Past
7y 8m

Actofit's employee count trend

Actofit has 19 employees as of Jun 26. Here is Actofit's employee count trend over the years:
Employee count trend for Actofit
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Actofit's Competitors and alternates

Top competitors of Actofit include Withings, Whoop and Fitbit. Here is the list of Top 10 competitors of Actofit, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Withings
Withings
2008, Moulineaux (France), Acquired
Developer of an array of connected products
$93.8M
82/100
2nd
Logo for Whoop
Whoop
2012, Boston (United States), Series G
Provider of wearable trackers to monitor fitness data
$979M
78/100
3rd
Logo for Fitbit
Fitbit
2007, San Francisco (United States), Acquired
Internet-first brand offering smartwatches and fitness trackers
$65.1M
78/100
4th
Logo for Zepp Labs
Zepp Labs
2011, San Jose (United States), Acquired
Developer of wearable devices and digital health management platform solutions
$20M
75/100
5th
Logo for AliveCor
AliveCor
2010, Mountain View (United States), Series F
Developer of remote cardiac monitoring solutions and related analysis software
$114M
74/100
6th
Logo for Shot Scope
Shot Scope
2014, Edinburgh (United Kingdom), Series B
Provider of wearable devices for golf performance tracking
$23.3M
67/100
7th
Logo for Garmin International
Garmin International
1989, Olathe (United States), Public
Provider of smartwatches, wearable technology, marine equipment, and aviation products
-
65/100
8th
Logo for Misfit Wearables
Misfit Wearables
2011, Burlingame (United States), Acquired
Provider of wearable devices
$63M
61/100
9th
Logo for STATSports
STATSports
2008, Newry (United Kingdom), Acquired
Players performance tracking solution
-
60/100
10th
Logo for Spacetalk
Spacetalk
2003, Adelaide (Australia), Public
Provider of application, wearable devices, and mobile plans for families
-
-
59/100
28th
Logo for Actofit
Actofit
2014, Mumbai (India), Seed
Developer of connected fitness tracking devices
$867K
49/100
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Actofit's Latest cap tables and shareholding

Founders (largest shareholder) own 68.23%, Funds own 0.34%, Enterprises own 6.00% and Angels own 14.11%. The net worth of Actofit's founders is INR 22.7Cr as of Jul 01, 2023.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
68.23%
22.7Cr
7181618
6672297
1385582
8143872
Fund
0.34%
11.5L
0
0
0
0
0
0
0
0
0
0
Enterprise
6.00%
2Cr
533150
912573
267484
249307
Angel
14.11%
4.71Cr
8528160
8878079
9710606
3048598
Other People
3.44%
1.15Cr
182
588
481
262
ESOP Pool
7.88%
2.63Cr
5118686
3283915
4935152
5626913
Total
100.00%
33.3Cr
2914912
4704701
9041116
3651477
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Actofit's Shareholding

Actofit's Investments and acquisitions

Actofit has acquired Adkitty. Actofit has not made any investments as of now.

Reports related to Actofit

Here is the latest report on Actofit's sector:

News related to Actofit

•
Twitter•Actofit, Next Orbit Ventures
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