What Happened to WTF Gyms After Shark Tank India?

Spread the love

What is WTF Gyms?

WTF stands for Witness the Fitness. WTF Gyms partners with the local gyms and rebrands them. WTF Gyms makes sure all the gyms under the brand offer the best ambiance, hospitality, and hygiene to fitness enthusiasts.

They make sure all the local gyms are providing premium gyms facility. Are you worried about seeing the premium word? Will it be expensive then?

Don’t worry, all the gyms come with affordable pricing. All the gyms are maintained and operated by the manager appointed by WTF Gyms.

Who is the Founder of WTF Gyms?

Vishal Nigam & Anita Nigam are the founders of WTF Gyms. They are husband and wife.

WTF Gyms Before Shark Tank India?

Currently, WTF Gyms have 43 gyms under them. It also comes with an application. There’s an AI bot called Fitty that takes all the necessary user information. It’s built on an open-source cloud LLM.

How much money did they ask for on the pitch?

They came to Shark Tank India seeking ₹1 Crore for 2% equity in the company. Which gives the company a valuation of ₹50 Crores.

How WTF Gym Works?

Suppose someone has a gym. It’s operating on its own. But it’s not reaching its full potential. It can do much better. WTF Gyms will contact the gym owner and make a 5-year agreement.

The new name of the gym will be, WTF + Previous Name. WTF Gyms will handle all the operations and later share the profit with the original gym owner.

How to get WTF Gyms?

You can go to the WTF Gyms website and check all the gyms around you that are supported by WTF Gyms. Then you can enroll yourself.

Unit Economics of WTF Gyms

WTF Gyms is profitable. In September they earned ₹65 Lakhs from 20 gyms.

Sales per gym₹3 Lakhs
Cost to operate₹1.5 Lakhs
Profit₹0.52 Lakhs
Gyms Margin₹0.98 Lakhs

What are the Annual Sales of WTF Gyms?

Monthly sales

July₹56 Lakhs
August₹58 Lakhs
September₹65 Lakhs

Which shark gave WTF Gyms an offer?

Deepinder Goyal was out. He noticed some grammatical mistakes in their pitch banner. He thought they didn’t love their brand enough. That’s why he didn’t give any offers.

Aman Gupta was out. He thought the business model was too confusing.

Namita Thapar was out. She thought there were a lot of flaws in the founders. Also, the business wasn’t generating enough revenue to invest.

Vineeta Singh was out. She thought there needed to be a change in the people’s mindset to continue gym membership in the long run. This problem can’t be fixed any time soon.

Anupam Mittal was out. He thought the entire business model was flawed.

What deal did WTF Gyms get in Shark Tank India?

Unfortunately, WTF Gyms didn’t get any offers in Shark Tank India.

Company Name WTF Gyms
Founder Vishal Nigam & Anita Nigam
Asked Amount ₹1 Crore for 2%
Final Deal ₹50 Crores
Shark No Shark
Company Net Worth No Deal
Company Website wtfup.me
Company Status In Business

What is the net worth of WTF Gyms?

The net worth of WTF Gyms is ₹50 Crores according to the founders. However, the sharks questioned this valuation.

Is WTF Gyms still in Business?

Yes, WTF Gyms is still doing business in the fitness industry.

Spread the love

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *