Get All Access for $5/mo

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.
News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.

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.

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Thought Leaders

4 Steps You Need to Follow to Make It Through Any Crisis With Your Company Intact

The steps we take before a crisis define our team's future resilience in the face of one. Here's what you need to do to prepare for a crisis of any kind at any time.

Leadership

How His Personal Battle With Cancer Inspired This Founder's Solution for Patient Care

On this episode of "The Founder CEO," Michael O'Neil, founder and CEO of GetWellNetwork, discusses his inspiring journey as a leader and the transformative role of AI in healthcare.