Zerodha’s Rainmatter invests $3 million in Fittr; founder says, ‘I continue to hold majority stake’

Here’s a summary of the funding details for Fittr:

Startup Details

• Startup: Fittr
• Founders: Jitendra Chouksey

Funding Details

• Latest Fundraise: $3 million
• Funding Date: January 2025 (announced in an Instagram post)
• Funding Series: Extension of an earlier round (Series not explicitly mentioned)

Previous Fundraises

1. Amount: $3.5 million

   • Date: January 2024
   • Investor: Rainmatter
2. Amount: $11.5 million
   • Date: 2021
   • Investors: Elysian Park, Peak XV’s seed fund (Surge)

Investors

• Current Investor: Rainmatter (Investment arm of Zerodha)
• Founder of Rainmatter: Nithin Kamath

Key Notes

• 41 current and ex-employees received ESOP buybacks.
• Jitendra Chouksey retained majority stake without dilution.
• The funds will be used to build a healthcare stack centered on trust, transparency, accountability, and affordability.

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2025-05-12 13:40:19