Impact App to triple its team, plans for global expansion

Impact App to triple its team, plans for global expansion

by admin December 28, 2022 December 28, 2022 No comments
Impact app

Impact App – India’s most used health app, based out of Mumbai, raised $600K from 50 angels including Portea’s Ganesh Krishnan, Hubilo’s Vaibhav Jain, Khatabook’s Ravish Naresh, OTO’s Sumit Chazzed among many others, in their pre-seed round. Impact has 3 million subscribers pan-India and is set to close another $2.5 million in institutional seed funding by the end of FY 22-23.

The app currently clocks an annual recurring revenue of $200K+ and is set to reach $1M in the coming 12-15 months. In the same tenure, Impact plans to build India’s organic community to 10 million. By engaging with a robust community of 1 million+ impact changemakers, Impact aims to build a global base of 100 million users by 2027, with its US corporate wellness offering set to take off. Impact is planning to expand their portfolio of services by adding activities beyond walking like yoga, meditation, cycling, on-click sync with wearables, and gamified features like challenges and duels to increase user engagement. Further innovations will include tracking of mental and physical health to create measurable and intangible incentives for millions of users to stay committed to their health and wellness routine.

Impact plans to keep fuelling its mission of Move I Give I Earn by expanding into foreign markets with the goal to build a robust community worldwide. It is set to triple its team of 20 in the next 12 months to enhance capacity for innovations across technology, products, business, and community satisfaction.

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