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.
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).
Author:
Natalia Gormaleva
Source: RB
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