WTF What the fitness gyms is a startup featured in Shark Tank season 3. This article tells you about what the fitness shark tank, wtf gym shark tank, wtf gym owner, wtf gym price, wtf gym chain and a lot more.
Whenever we search for gyms near us, we are not sure about the quality of the environment, equipment and a lot more served gyms.
About the Founders of What The Fitness – WTF Gyms
Vishal Nigam and Anita Nigam are the co-founders of “WTF Gyms”, WTF Partners with nearby gyms and rebrands the neighborhood gyms to premium gyms, by deploying massive technology and upgrading their equipment at affordable pricing,
About – WTF What The Fitness Gyms
The key point of WTF is that they maintain and operate the gyms by itself, WTF is not only the gym brand, it’s the GYM Revolution which it also acts as a Guide. The supermodel in this app is their AI bot, Fitty.
Fitty monitors the end-to-end journey of wtf users, WTF has 43+ Gyms in Delhi NCR and Bangalore is going to launch in Kolkata. their mission is very clear to transform 5000 gyms
Their ask is 1 Crore for 2% Equity at the valuation of 50 Crores.
WTF Business Model
WTF acquires normal gyms and terms them with 5 5-year partnership with WTF Gyms.
This is going to be a Profit Sharing Deal, here WTF Comes and runs the gyms with the existing staff WTF Operated.
WTF analyzes the GYMs using its FITTY AI MODEL, where it provides the prediction using data.
Mistakes in WTF- What The Fitness GYMS Pitch
1st Mistake pointed out by Deepinder was that the numbers in Contact Phone in the Pitch Deck were only 9 instead of 10.
2nd Mistake was that M was Capital in India’s Most advanced technology-driven gym.
3rd Mistake is the Advance personal training mentioned in the incorrect deck.
WTF – What the fitness gym revenue
SEP 23: Rs 65 Lakhs
Aug 23: Rs 58 Lakhs
July 23: Rs 52 Lakhs
Average revenue per gym is Rs 3 Lakhs
WTF’s commission is Rs 52000
Sharks investing in What The Fitness GYMS | Shark Tank India
Deepinder took an exit from the pitch after knowing that the founder himself is not using his own product so there is no point left.
Aman felt that the founders were playing the game with only buzzwords, for the same reason he is out.
Namita said that she invests for two reasons, Founder and for business model. Founders have a lot of flaws, no specificity in conversation and statistics, and the numbers in the business model are very low. She suggested they rework it, for this time she is out.
Vineeta gave an example of organized gym chains, In India no such organized gym chains work as there are very low gym renewal rates. Till this time these rates do not grow so there is no use in branding and reorganizing the gyms. So for this reason she is out.
Anupam felt that they were working on the wrong business model, as OYO For gyms cannot work. He said that WTF Gyms do not have even 1 Crore as an annual revenue so for this reason he is out of the pitch.
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