Funding Alert

Portl, an innovative startup specializing in digital fitness and wellness technology, announced today that it has successfully closed a $3 million funding round. The investment was led by Bharat Innovation Fund, with significant contributions from existing investor Kalaari Capital and new backer T-Hub Foundation. The funds will fuel the companys product development, market expansion, and further enhancement of its artificial intelligence capabilities.

Founded in March 2021 by Indraneel Gupta, Vishal Chandapeta, and Armaan Kandhari, Portl has made significant strides in redefining at-home fitness solutions. The startups flagship offering, the Portl Studio, incorporates a Smart Mirror equipped with a 43-inch 4K display, bio-sensors, HD cameras, and edge-AI processing. This cutting-edge technology delivers real-time feedback on users form, monitors health metrics, and integrates with telemedicine, providing a holistic wellness experience.

The new injection of capital will enable Portl to broaden its product lineup, including the launch of connected strength systems featuring adjustable digital weight technology suitable for all fitness levels. Plans are also in place to develop additional products aimed at enhancing digital health and wellness through a blend of sophisticated technology, engaging content, and robust hardware.

This latest funding round validates our vision and commitment to making health and fitness accessible to everyone, said Indraneel Gupta, Founder and CEO of Portl. By integrating advanced AI and innovative hardware, we aim to empower individuals to achieve their wellness goals seamlessly and effectively.

Ashwin Raguraman, Founding Partner at Bharat Innovation Fund, expressed continued enthusiasm for the home fitness sector, despite recent market fluctuations. Portls advanced AI technology offers tailored form feedback across various personalized fitness regimes, such as Yoga, HIIT, and Dance. The design and functionality of Portls product truly make it a world-class offering, he remarked.

Vamshi Reddy, Partner at Kalaari Capital, highlighted the transformative potential of their investment: We are delighted to announce our involvement in Portls transformative journey. With their innovative approach and commitment to excellence, we believe Portl is ideally positioned to become a trailblazer and market leader in this rapidly evolving space.

Portls AI-driven personalization engine stands out by offering users customized workout plans that adapt dynamically to fitness levels, daily performance, and individual preferences, enhancing the effectiveness of home workouts and supporting users fitness journeys at every step.

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Portl Secures $3 Million to Enhance AI-Powered Fitness Solutions - Startup Story