Portl Secures $3 Million in Funding to Revolutionize Fitness Technology
In a groundbreaking development, Portl, a leading Digital Fitness & Wellness Technology startup, has announced the successful closure of a $3 million funding round led by Bharat Innovation Fund. This round also saw participation from existing investor Kalaari Capital and new investor T-Hub Foundation. The infusion of capital is set to propel Portl’s product development, market expansion, and enhancement of its cutting-edge AI systems.
Founded in March 2021 by Indraneel Gupta, Vishal Chandapeta, and Armaan Kandhari, Portl has quickly made a mark in the fitness technology sector. The company’s flagship offering, the Portl Studio, integrates advanced artificial intelligence to provide personalized fitness and wellness experiences directly in users’ homes, luxury hotels, and gyms. The Smart Mirror features a 43-inch 4K screen, bio-sensors, HD cameras, and edge-AI processing, offering real-time form feedback, health monitoring, and seamless telemedicine integrations.
With the new funding, Portl plans to expand its product range, introducing connected strength systems for users of all fitness levels and expanding its customer base across India and overseas markets. The company aims to launch its next generation of products for the digital health and wellness sector, combining technology, content, and hardware expertise.
Indraneel Gupta, Founder and CEO of Portl, expressed his dedication to revolutionizing personalized fitness through state-of-the-art technology. The company’s AI Personalization Engine provides customized workout plans that adapt to users’ fitness levels, daily performance, and preferences in real-time, ensuring engaging and effective workouts for long-term user retention.
The funding round has garnered excitement from investors, with Ashwin Raguraman from Bharat Innovation Fund praising Portl’s advanced AI technology and innovative approach to fitness. Vamshi Reddy from Kalaari Capital also expressed delight in being part of Portl’s transformative journey in the rapidly evolving fitness technology space. With its commitment to excellence and innovative solutions, Portl is poised to become a trailblazer and market leader in the industry.