Fittr, a fitness tech startup, has faced growth obstacles as evidenced by its revenue stagnation over the previous three years. Nonetheless, the company backed by Rainmatter Capital saw a significant decline in losses during the previous fiscal year.

Fittr's consolidated financial statement, obtained from the Registrar of Companies (RoC), shows a slight 3% decline in the company's operating revenue, from 87.5 crore in FY23 to 85 crores in FY24.

Fittr is an online fitness and health marketplace founded by Jitendra Chouksey, Sonal Singh, Jyoti Dabas, Rohit Chattopadhyay, and Bala Krishna Reddy. Based on fitness objectives, available equipment, available time, and preferred exercise styles, it generates personalized training schedules.

The majority of the revenue, 80 crores, came from online fitness and wellness services, despite a 4.42% decrease from 83.7 crore in FY23. In addition to academic fees and other income sources, which contributed 2.8 crore and 1.4 crore, respectively, new revenue streams such as smart ring sales added an additional 80 lakh.

With the addition of 1.3 crore from non-operating revenue, the company's total revenue for FY24 was 86.3 crore.

Fittr's overall costs decreased dramatically from 131 crores in FY23 to 97 crore in FY24, a 26% decrease. The decrease was primarily caused by a 30% reduction in other overheads ( 13.5 crore), a 65.8% decrease in advertising expenses ( 8.4 crore), and a 36.2% reduction in employee benefits ( 20.8 crore).

The biggest cost component, the amount spent on consultants and study materials, stayed constant at 54.3 crore.