Growfitter is one of the first Indian startups to switch from Web2 to Web3 for geographic expansion . The app accurately detects whether a person is walking, running, riding, or cycling .
Bangalore (Karnataka), November 24 (BusinessWire India), (India): Growfitter, India's biggest incentive wellness platform, has partnered with NEAR India, India's regional hub, to expand its reach globally.Growfitter's integration with NEAR Protocol is a groundbreaking step forward in the company's commitment to expanding its reach in Vietnam, the Philippines, Dubai, and Singapore.Growfitter is one of the first Indian startups to switch from Web2 to Web3 for geographic expansion, supported by NEAR.Growfitter's future architecture would continue to evolve on the highly resilient Layer-1 blockchain, which provides sharding as an infrastructure.Our goal is to foster local entrepreneurs and developers with global opportunities.We are thrilled to welcome Growfitter, a platform that has revolutionized India's health and fitness scene, and is expected to continue to grow exponentially with a focus on creating a complete ecosystem in the preventive healthcare arena.Growfitter, founded in 2016, is a rewards system that promotes physical fitness and wellness by leveraging the decentralized web 3.0 infrastructure, said Aayush Gupta, Director, NEAR India.Using a motion-sensory proprietary algorithm, the app accurately detects whether a person is walking, running, riding, or cycling. Growfitter has over 100+ D2C brands on board, and has earned more than $6 million in rewards since its inception.Growfitter has created an ecosystem that will enable brands to engage with customers in a loyalty scheme by using the Growfitters utility token (GFIT) and its accompanying Smart Contract.Our aim is to change the consumer engagement and loyalty model.Growfitter token holders will be able to redeem tokens for goods from 100+ sponsored brand partners, according to Sanmati Pande, CEO of Growfitter. Aditya Birla Health Insurance and Raheja QBE have also signed a deal to partner with the startup to enable them to transition and grow with Web3.We will continue promoting and supporting such cutting-edge initiatives to propel India forward as a global blockchain-led innovation powerhouse, said Yash Kanchan, Director, NEAR India.Growfitter was featured on Sony Televisions Shark Tank India, and it was accepted by one of the sharks, Aman Gupta, co-founder and CEO of boAt.The startup has so far raised $1.5 million in funding. Individuals are more likely to achieve their goals when gamifying the process.Growfitter is on the right track to transition to Web 3.To ensure the sustainability of their business and their clients, Aman Gupta, co-founder and CEO of boAt, said it is critical to make the world a healthier place.