The Kazakh startup 1Fit, which decided to leave London, received support from its investor, the TMT Investments fund. The fund invested another $500,000 in the project, said Murat Alikhanov, founder of 1Fit.

Kazakh fitness startup 1Fit raised $1 million and decided to exit the UK market

1Fit has developed an app that offers a unique all-in-one fitness membership. At the beginning of the year, the startup entered the UK market, since February, the company has attracted more than 50 partner-rooms. But due to differences with the markets of Kazakhstan, Uzbekistan and Kyrgyzstan, where 1Fit was developed before, the company decided to leave London.

As explained by Murat Alikhanov, a major investor, TMT Investments, which previously invested $500,000 in the project, supported the decision and invested the same amount more. In addition, the Estonian Capital Mill fund invested an additional $100,000 in the company. Additionally, 1Fit received $400,000 from a syndicate of Kazakh digital nomads.

In total, in May 2023, the startup raised $1 million, helping to increase the company’s valuation to $41.5 million. By the end of the year, 1Fit wants to launch in Turkey, Azerbaijan and one of the Southeast Asian countries (Thailand). , Indonesia or Malaysia).


Natalia Gormaleva

Source: RB

Previous articleAlzheimer’s disease can overtake already in 30 years – here are its first symptoms
Next articleNew iPhone 15 mockups with mute button and USB-C port
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


Please enter your comment!
Please enter your name here