ClassVerse currently has more than 250 partners, offering more than 5,000 classes a week and more than 100,000 fitness and activity slots per month. The network is expanding rapidly, with 50 or more new partners joining every week. The service is available in Delhi and Mumbai, expanding pan India in the next few months. Activities offered include not only gyms and studios that offer CrossFit, Pilates, Zumba, Cycling, Yoga, Dance, Kickboxing, Bodybuilding and much more, but also popular sports facilities such as swimming, badminton, tennis courts and more.
ClassVerse has a similar business model as US based startup ClassPass, which is positioned as the next Uber in the US and has also recently acquired FitMob, its competitor. ClassPass was tracking to a US$60 million revenue run rate for 2015 as of February.
Explaining her business model, Rukaiya Kanchwala, ClassVerse Founder, an ecommerce veteran and INSEAD MBA, who has worked with Rocket Internet, Jabong, and Groupon in India and Dell in the US, says, “Not locking down customers and giving them the freedom and flexibility to choose where and when they workout is the key to our model. Our excellent partner network and diverse range of classes will ensure they keep coming back for more. We’re expecting high growth in a short period considering Indian consumers are quite health conscious and are looking for new ways to incorporate fitness into their hectic lifestyles.”
Studios and trainers in the ClassVerse network benefit from the opportunity to promote their brand, attract new customers and fill otherwise-unutilised slots. This not only connects them with consumers beyond the reach of their current marketing efforts, but also immediately improves facility utilisation and profitability.
For complete schedule and listings of its partner click www.classverse.com.
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