|What problem are you solving?||Many people sign up for gym memberships to help themselves stay fit. But, with high membership fees, many are apprehensive about paying up, not knowing whether they will be able to use the gym regularly. On the other hand, many gyms face the problem of a low signup ratio and a high drop-out rate.Gymer, a Bengaluru based startup, aims to solve this problem.|
|What is your solution?||Gymer is a mobile app and web-based service that provides a cashless system for booking instant or in-advance workout sessions on an hourly basis. Users can decide when and where to work out, with a \’pay-as-you-go\’ option.Value Proposition of Gymer : Win-win for all. |
For our Users : With no upfront membership fees, users can workout on an hourly basis and pay as they go with Gymer.
For our Gym Partners: With a high attrition rate amongst gymers who sign up but do not return, the gyms are left with spare inventory that they can now productively use through Gymer.
|Target Market||People looking for gym, but don\’t want to tie to yearly contracts etc.|
|How will you make money?||Taking a % from booking fees|
|Tell us about the market & founders, why is this a great opportunity?||The Founders:Gymer was co-founded by Srikanth Balakumar and Kushal Kumar. Kushal is an investment banker from the UK, and Srikanth, a 27 year old entrepreneur, comes from a technical background. |
We currently are a team of 8. Mehz Sheikh heads operations, and Suresh Gopalakrishnan and Varaprasad.A lead business development, with Munira Mitra managing public relations. We also have two partners\’ support, and engagement executives.
|Founders Names||Srikanth Balakumar and Kushal Kumar|
|What type of funding has the company received?||Angel|
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