Gleantap

Tech for the Home Fitness Market

Company Information

Website:

https://gleantap.com/

Sector:

Fitness

Location:

Austin, TX

With gyms closed for most of 2020 due to the coronavirus pandemic, people have resorted to working out at home. The Home Fitness market is now expected to reach $23 billion by 2025.

Gleantap.ai helps fitness and wellness clubs, as well as personal trainers, provide a seamless virtual fitness experience. Its platform enables clubs to host on-demand and live classes, sell memberships, and market members-only content. At the same time, its Artificial Intelligence-powered sales and marketing platform enables these companies to reach potential customers through e-mail, text messaging, and social media.

Gleantap.ai has more than 120 clients, including Planet Fitness, Gold’s Gym, and F45 Training. In the wake of Covid-19, this company doubled its revenue in the last six months. It's now generating $740,000 in annual recurring revenue.

Team Background

Sagar Babber - Founder & CEO

Prior to starting Gleantap, Sagar ran a successful web and mobile development consulting company called Snyxius Technologies. In 2018, he sold this company to First Tek, a software company.

Before that, he co-founded Collaborate Cloud, a software company.

He earned a Bachelor’s degree in Information Science from Visvesvaraya Technological University.

Shubham Sethi - Head of Product

Shubham was a product management lead at Athenahealth, a software company focused on the healthcare industry.

Before that, he worked for Hive9, a software company, and Lancope, a cybersecurity company that was acquired by Cisco.

He earned a Bachelor’s degree in Engineering and an MBA from the University of Georgia.

Andrea Grbavac - Director of Marketing

Andrea has more than seven years of marketing experience.

Prior to joining Gleantap, she was Senior Director of Product Development at Detekt Biomedical, a life sciences product company.

She earned a Bachelor’s degree from the University of Texas.

Jennifer Illig - Sales Executive

Jennifer has five years of sales experience.

She was previously a sales and client representative for Fastsigns, a company that manufactures customs signs and graphics.

She began her career as a sales representative for Yodle, a technology startup.

Raising
$280K
Committed
$50K (18%)
Current Valuation
$6.50 million Cap / 20% Discount
Min. Investment
$100
Deal Type
Title III
(For all investors)
Offering Type
SAFE
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