Funding Round Led by Bharat Innovation Fund with Participation from Existing Investor Kalaari Capital and New Investor T-Hub Foundation
India, May 23, 2024– Portl, a pioneering Digital Fitness & Wellness Technology startup, has successfully closed a $3 million funding round led by Bharat Innovation Fund. This round also saw participation from existing investor Kalaari Capital and new investor T-Hub Foundation. The new infusion of capital is set to accelerate Portl’s product development, market expansion, and enhancement of its cutting-edge AI systems.
Founded in March 2021 by Indraneel Gupta, Vishal Chandapeta and Armaan Kandhari, Portl has quickly established itself as a disruptor in the fitness technology sector. The company’s flagship offering, the Portl Studio, along with its robust digital platform, integrates cutting-edge artificial intelligence to provide personalized fitness and wellness experiences directly in users’ homes, luxury hotels and gyms. The Smart Mirror boasts a 43-inch 4K screen, embedded bio-sensors, HD cameras, and edge-AI processing with Wi-Fi and Bluetooth connectivity, offering real-time form feedback, health monitoring, and seamless telemedicine integrations as well.
With its latest funding, Portl plans to broaden its product range, introducing connected strength systems designed for users of all fitness levels, and expand its customer base across India and overseas markets. These systems will feature adjustable digital weight technology and multiple training modes, enhancing home-based strength training. Furthermore, the company aims to launch its next generation of products for the digital health and wellness sector combining its technology, content and hardware expertise.
“At Portl, we are dedicated to reimagining personalized fitness through state-of-the-art technology,” said Indraneel Gupta, Founder and CEO of Portl. “We are dedicated to revolutionizing personalized fitness with cutting-edge technology. This latest funding round validates our vision and commitment to making health and fitness accessible to everyone, no matter where they are. By integrating advanced AI and innovative hardware, we aim to empower individuals to achieve their wellness goals seamlessly and effectively, delivering personalized experiences at scale and afford people the opportunity to adopt healthier lifestyles with ease..”
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