Biography of Neha Motwani: Co-Founder and CEO of Fitternity- Indian Entrepreneur
Fitness Startup
Biography of Neha Motwani:
Neha Motwani, a spirited Mumbai native with a relentless
drive for success, is the co-founder and CEO of Fitternity, a fitness discovery
and marketplace startup. Her innovative venture, which was acquired by Cure.fit
last year, originated from a personal challenge she encountered in 2013 while
restarting her fitness journey amidst her corporate career. Neha’s
determination to solve problems led her to create a platform that addresses the
needs of fitness enthusiasts like herself.
Early Career Foundations
Neha’s professional journey began with her role as a Risk
Advisory Analyst at Axis Risk Consulting from June 2006 to December 2007. She
was involved in enterprise-wide risk management and internal audits. Before
that, she completed a summer internship at HSBC in 2009, where she worked on
evaluating and improving talent management practices for top companies.
Cherished Memories and Fitness Passion
Fitness has been an integral part of Neha’s life since
childhood. One of her fondest teenage memories involves joining her father for
early morning jogs on the beach. These sessions were not just about exercise
but also about bonding, with the highlight being their friendly 1km races. “We
would talk about our day, but the most exciting part was always racing each
other towards the end,” Neha reminisces, reflecting on the joy and anticipation
that those moments brought.
Transition to Corporate Leadership
Before her ventures in fitness and strategy, Neha gained
valuable experience in consulting. From March 2010 to March 2013, she worked at
Aon Hewitt as a Talent and Organization Consultant. There, she managed talent
consulting projects, contributed to the Aon Hewitt Best Employer Study 2011,
and developed strategies for managing Generation Y at work.
Stepping into New Roles
Currently, Neha is exploring new opportunities. She founded
a new venture in April 2024, though details about this project are still under
wraps. In January 2024, she also took on the role of President of Strategy at
HP Adhesives Limited, where she focuses on shaping the company's strategic
direction.
From Fitness Pioneer to Strategic Leader
Neha K Motwani’s career has been marked by impressive
achievements and entrepreneurial spirit. She is the founder of Fitternity, an
innovative platform that offers a comprehensive marketplace for fitness
services in India. Launched in August 2013, Fitternity provides an easy and
affordable way for people to access fitness options. The company attracted
significant investment from various prominent investors and was successfully
acquired by Curefit in March 2021.
Biography of Neha Motwani: Co-Founder and CEO of Fitternity-Entrepreneur/ Investor/Startup/fitness seekers and provider/success story of Neha Motwani
Neha Motwani’s Fitness Revolution
Neha Motwani, a prominent Indian entrepreneur, is renowned
for her success in building a massive fitness community. Driven by her passion
for fitness and healthcare, Neha created a platform to help people find and
connect with gyms more easily. Her journey began when she struggled to find a
suitable starting point for her own fitness journey, which inspired her to
develop a solution for others facing the same challenge. With a background in
risk advisory and talent consulting, Neha’s expertise and determination have
propelled her to become a leading figure in the fitness industry.
Introducing Fitternity
Fitternity, co-founded by Neha Motwani, is a Mumbai-based
fitness startup that offers a unique membership model. Users can access a
variety of fitness activities across multiple cities with just one membership,
making it easier for people to stay active regardless of their location. This
innovative approach has resonated with many, helping Fitternity establish a
strong presence in the market. The platform is designed to accommodate frequent
travelers and those who move cities, allowing them to maintain their gym
memberships seamlessly.
Fitternity Success
The platform has quickly become a key player in the health
and fitness sector, boasting 600,000 monthly active users and achieving an
impressive annual recurring revenue of $16 million, tripling in growth over the
past year. Fitternity’s goal is to make fitness accessible, affordable, and sustainable
for everyone in India.
Support from Major Investors
The company has garnered substantial support from prominent
venture capitalists, including Sixth Sense Ventures and Exfinity Ventures, as
well as influential investors like the Patni, Taparia, and Salgaocar family
offices, and Anjali Bansal. Before embarking on her journey with Fitternity,
Neha gained valuable experience in HR and risk consulting at Aon Hewitt, where
she worked for over five years. Neha’s educational background includes a
Bachelor’s degree in Management Studies from Narsee Monjee College of Commerce
& Economics and an MBA from Welingkar Institute of Management &
Research.
Balancing Fitness and Leadership
As both a fitness enthusiast and a business leader, Neha
believes that maintaining good health is crucial for overall well-being and
professional success. She is fortunate to lead a team that values fitness,
which aligns with her own philosophy. Despite the challenges posed by the
pandemic, Neha prioritizes her health by ensuring she gets 7 hours of sleep,
drinks plenty of water, and follows a balanced diet. Her commitment to these
practices not only supports her physical health but also enhances her ability
to lead effectively.
Achievements and Growth
In 2019, Fitternity secured $4 million in funding, which has
significantly contributed to its growth and development. Neha’s leadership and
the platform’s unique value proposition have been key factors in its success,
demonstrating her ability to turn a personal challenge into a thriving
business. With a net worth of 112 crores, Neha continues to inspire others in
the fitness and entrepreneurial worlds. Her motto, “Move fast and break
things,” reflects her dynamic approach to business and innovation.
A timeline summarizing Neha Motwani's career and
achievements:
1980s–2000s: Early Life and Education
Childhood: Engaged in fitness activities with her father,
including early morning jogs and friendly races.
2002-2005: Bachelor’s degree in Management Studies from
Narsee Monjee College of Commerce & Economics.
2005-2007: MBA from Welingkar Institute of Management &
Research.
2006–2013: Early Career and Consulting
June 2006–December 2007: Risk Advisory Analyst at Axis Risk
Consulting, involved in risk management and internal audits.
Summer 2009: Internship at HSBC, evaluating and improving
talent management practices.
March 2010–March 2013: Talent and Organization Consultant at
Aon Hewitt, managing talent consulting projects and contributing to the Aon
Hewitt Best Employer Study 2011.
August 2013: Co-founded Fitternity, a fitness discovery and
marketplace platform, inspired by personal challenges in restarting her fitness
journey.
March 2021: Fitternity was acquired by Curefit.
2019: Secured $4 million in funding, boosting Fitternity's
growth.
Post-Acquisition: Fitternity had 600,000 monthly active
users and an annual recurring revenue of $16 million, with significant support
from investors including Sixth Sense Ventures, Exfinity Ventures, and
influential family offices.
April 2024: Founded a new venture (details not yet
disclosed).
January 2024–Present: Appointed President of Strategy at HP
Adhesives Limited, focusing on shaping the company's strategic direction.
Personal and Professional Philosophy
Ongoing: Balances fitness and leadership, prioritizing
health with a focus on sleep, hydration, and a balanced diet. Her approach
reflects her belief that good health supports overall well-being and
professional success.
Net Worth: Estimated at 112 crores.
