• Fittr raises $3M from Rainmatter (Zerodha's investment arm).
• Fittr previously raised $11.5M in 2021 from Elysian Park, Surge.
• Rainmatter invested Rs 275 Cr in 47 startups in 2024 mostly in health and climate.


Pune-based health and fitness app startup Fittr has raised $3 million (around Rs 25 crore) of new funding from Zerodha's investment arm Rainmatter, according to a statement released by founder Jitendra Chouksey on Instagram.

Rainmatter, started by Nithin and Nikhil Kamath, invests in fintech, climate, and health startups and provides mentorship, financial APIs, and ecosystem access. It has a mixed portfolio of startups like Game Theory, Fitpage, Niramai, NOTO Ice Creams, and PeeSafe, among others.

Chouksey explained that 41 existing and former staff were given an ESOP buyback, and made it clear that he did not water down his shares, maintaining a majority ownership in the company.

The capital raised will be used to construct a vertical stack of healthcare built on trust, transparency, accountability, and affordability. This funding round follows a prior $3.5 million investment by Rainmatter in January 2024.

Prior to that, Fittr had raised $11.5 million in 2021 from investors such as Elysian Park and Peak XV's seed fund Surge.

Earlier in the year, Nithin Kamath announced Rainmatter invested Rs 275 crore in 47 startups in 2024, a high concentration on health and climate startups. He clarified that Rainmatter works differently from the standard VCs: no board positions, no exit provisions, and a patient, long-term capital approach.

Since its founding, Bengaluru's Rainmatter has invested in more than 100 startups—32 in fintech, 32 in health and fitness, 31 in climate, and a handful in other emerging areas like storytelling.