Ending Soon! Save 33% on All Access

SocialBoat Raises $200,000 From Plan B Capital The funds will help SocialBoat scale its technology platform, strengthen its tech team, invest in brand building, and partner with health coaches at scale

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

SocialBoat, a women's health app, has raised $200,000 in an angel round from Plan B Capital. Other angel investors who have committed to the venture include Abhijit Kane (co-founder, Postman), Videt Jaiswal (co-founder, Airblack), Bhuvan Gupta (co-founder, OfBusiness) and Prateek Sharma (managing partner, AheadVC), Neeraj Gupta (angel investor) among others. The funds will help SocialBoat scale its technology platform, strengthen its tech team, invest in brand building, and partner with health coaches at scale.

"We believe that adding the fun game lens to fitness has made the subject a lot more approachable. It also gives the user a sense of winning. This psychological trigger can make healthy living as addictive as a video game," said Rahul Jain, co-founder SocialBoat.

SocialBoat acquires users by enabling existing fitness communities like - running clubs and cycling groups to create teams in the SocialBoat game. Presently, there are over more than 5000 users, 850+ communities and 500+ success stories on the app. The app is 5/5 rated on Apple App Store and Play Store and was recently ranked #2 on ProductHunt, claimed by the company in a statement.

"I'm excited to support Socialboat in their journey to revolutionize the home workout landscape in India. This is a space where there's a lot to be done, and the team has done their groundwork well," said Abhijit Kane, co-founder, PostMan.

SocialBoat was founded in December 2021 by Swapnil Vats and Rahul Jain to provide affordable and personalized fitness and health programs to over 100 million women in India.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

Employee Experience & Recruiting

Beyond the Great Resignation — How to Attract Freelancers and Independent Talent Back to Traditional Work

Discussing the recent workplace exit of employees in search of more meaningful work and ways companies can attract that talent back.

Franchise

What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.