Bangalore-based fitness brand Getsupp saw its revenue multiply fivefold in FY24, climbing to Rs 1.78 crore from Rs 33.65 lakh in FY23.
Founded in 2022 by Arpit Gupta and Deven Vyas, Getsupp offers a curated marketplace for nutrition and food supplements. The platform helps users discover products, track their progress, and achieve results through a personalized post-purchase journey.
GetSupp has raised a total of Rs 9.44 crore in funding over 1 round, raised in July 2022 through a seed funding round led by General Catalyst Partners and Better Capital. Standing at a valuation of over Rs 30 crore, the company competes with Healthkart and SastaSundar.
Co-founders Arpit Gupta and Deven Navalkishore Vyas hold equal and majority shares in the company at over 30%. General Catalyst and Saurabh Garg also maintain a significant stake in the company.
In line with revenue, the company’s expenses also rose sharply to Rs 7.14 crore in FY24 from over Rs 2 crore in FY23. Employee benefits accounted for the majority of the expenses, at over 30%, while depreciation also contributed to the expenses.
Despite a hike in revenue, the company’s losses widened to Rs 7.18 crore from losses of around Rs 1 crore in FY23.
The current EBITDA margin improved to -296.23% while ROCE slipped to -222.95%.