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Kanthaka isn't accepting new investments

Kanthaka’s deadline was August 5, 2021

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Kanthaka

Uber for personal trainers and yoga instructors
Wellness B2C Marketplace Apps
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Featured image of Kanthaka
$55,761
Raised
96
Investors
Successfully funded and closed on August 5, 2021.
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Closed on August 5, 2021. Information may not be up-to-date. Campaign closed on August 5, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Kanthaka Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Kanthaka Crowd SAFE Kanthaka Form C.pdf
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Hear from some of the 96 investors in Kanthaka


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Highlights


Venture-backed
Company is backed by a venture capital firm
  • Backed by leading VCs and Angels with $855,000 raised
  • 51% monthly growth in sessions sold in March (1357 sessions)
  • Available at 14 locations across the US with >600 trainers on the App
  • 770% growth in sessions sold from March 2020 to March 2021
  • 195% growth in revenue from 2019 to 2020
  • Incredible high conversion of ~30% from App sign-up to purchase
  • In 2021 we've already made 85% of our total 2020 revenue

Problem


Personal training is broken

For people that are looking to get back into fitness or are uncomfortable working out in front of others, gyms can be intimidating and expensive. Unfortunately, personal trainers are often flaky, lack responsiveness, or present themselves in unappealing ways. There’s a frequent disconnect between consumers and trainers, causing consumers to forego healthier choices and trainers to lose revenue. While there is an oversupply of prerecorded video solutions, our clients are looking for an actual trainer who holds them accountable. They are searching for the personal touch and guidance, as well as the interaction only an in-person trainer can give you.

Solution


Highly vetted at-home personal trainers and yoga instructors on demand

Unlike the pre-recorded trainers on the Mirror and Peloton, our trainers actually talk with you, hold you accountable and tailor the sessions towards your needs. All payments go straight through the App and our clients can cancel up to three hours in advance free of charge (other than big-box gyms and freelance trainers who usually charge for cancellations within 24 hours). Our goal is to provide a ten-star client experience with the option to change between different trainers, training types, locations, and times. With Kanthaka, there are no more excuses to live a healthier life.  

Product


On-demand at home personal trainers and yoga instructors 

Our process is super simple. We bring the gym to your home! There are just a couple of easy steps you need to take:Our trainers will make sure to create a program adapted to your fitness level, so you can start improving with your first session. Our trainers come and work with you from your home, a location of your choice, or 1:1 live virtually.

Traction


14K+ sessions sold and 7K+ app downloads

We have product-market fit. We grew over 770% in monthly sessions sold from March 2020 to March 2021 and >50% this month only.

As soon as clients find out about us they convert at a rate of ~30% from signup on the App to purchase and we have a retention of ~15 average sessions per client (what is extremely high). Our client retention went up by 165% over the last 6 months and conversion increased by 300%.

Customers


Helping underserved people achieve their fitness goals with personalized training

Our clients are traditionally 30+ year-old professionals looking to incorporate healthier fitness regimes into their lives, or moms who want to get back in shape. Whether they're traveling on business, work crazy unpredictable hours, prefer training in the privacy of their home, feel intimidated by gyms, or just want to have the chance to train with knowledgeable, affordable trainers, we are the place to go. Our underserved demographic responded immediately to our product, and we’ve rapidly expanded our operation to 12+ major metropolitan areas across the country. 

Business model


We take a commission on every session sold

Kanthaka offers personal training sessions in 6, 12, and 36 session packages as well as single sessions – with prices as low as $16 per session. 

There is a commission on each booking. We see customer paybacks in ~3 months and an average client lifetime of 15 sessions, with 30% conversion from sign-up on the App to purchase. We're growing by >20% month over month. We went from $79,625 GMV in 2019 to $155,999 GMV in 2020 and already made $135,000 GMV in the first four months of 2021 only. 

Market


Targeted market share of $2B+ with huge upsell potential

The US market for personal training is worth $10B+. We project that Kanthaka will capture 20% of the market, giving us a targeted market share of $2B+.

Kanthaka sees a huge up-sell potential due to our underserved and committed demographic. We will create a holistic ecosystem that caters to our target market, which will additionally increase our market. As part of this, we plan to add nutritional consultation, physical therapy, stretching, and meditation into our personalized training approach. We already started up-selling nutritional products, apparel and are testing a subscription to trainers.

Competition


Focusing on operational excellence and clientele needs

Kanthaka’s predominant competitive advantage is our operational excellence and 100% focus on making our clients happy and helping them achieve their goals. Our trainers are vetted, certified, and provide actionable and trackable results for our clients. Although the personal fitness industry looks crowded, most competitors don’t focus 100% on their clients' needs and make working out as easy and convenient as possible as we do. 

We focus 100% on our clients' needs and satisfaction as we work to help them live healthier lives. We focus on catering to a female, plus 30 demographic, helping them to get started, with ease of use and replacement trainers.

Vision and strategy


Expanding nationally & building an ecosystem around living longer, happier, and healthier

Kanthaka is currently planning a mass-launch across the US. Because of the capital efficiency of expansion, we’ve picked a widespread approach. We’ve seen proven success with our current markets, which were activated quickly and efficiently through word of mouth and marketing. With the support of our investors, we will be able to scale our marketing efforts and learn how to fully exaggerate our horizontal and vertical growth. 

Funding


Raised $855k to date

 $855k has already been raised from our amazing VC's, Sputnik ATX and One Planet Ops as well as an amazing group of highly supportive Angels who believe in our vision and are as passionate about fitness as we are. We will improve our tech capabilities, bring on key hires, and dramatically scale our marketing efforts. 

Founders


Dr. Sylvia Kampshoff, CEO and Founder, former M&A and Debt Finance Attorney at Kirkland & Ellis for over 6 years. People person, visionary, highly driven, and super passionate about health & fitness. 

Deal terms


Valuation cap

$8,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

0%

If a trigger event for Kanthaka occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Kanthaka is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Kanthaka needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Kanthaka Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Kanthaka Crowd SAFE Kanthaka Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Kanthaka.
Invest
$500
Receive
  • 15% Discount on all sessions
  • A personalized thank you note from the CEO
Invest
$1,500
Receive
  • Free 6 x 45 min virtual session package with a professional trainer of your choice
  • A personalized thank you note from the CEO
Invest
$5,000
Receive
  • Free 12 x 45 min virtual session package with a professional trainer of your choice
  • A shoutout on our social media platforms
  • A personalized thank you note from the CEO
Invest
$10,000
Receive
  • Free 36 x 45 min virtual session package with a professional trainer of your choice
  • A shoutout on our social media platforms
  • Invitation for 1:1 virtual meeting with the CEO
  • A personalized thank you note from the CEO
Invest
$25,000
Receive
  • Annual Subscription (max 2 virtual sessions per week)
  • A shoutout on our social media platforms
  • Your name listed on our investors page
  • Invitation for 1:1 virtual meeting with the CEO
  • A personalized thank you note from the CEO

About Kanthaka

Legal Name
Kanthaka Inc.
Founded
Feb 2019
Form
Delaware Corporation
Employees
1
Website
mykanthaka.com
Social Media
Headquarters
Google Map location of of Kanthaka
1605 9th Street , Hempstead, TX
Headquarters
1605 9th Street, Hempstead, TX, United States 77445

Kanthaka Team
Everyone helping build Kanthaka, not limited to employees

Profile picture of Sylvia Kampshoff
Sylvia Kampshoff
Founder
Featured in Superheroes · Read
Former M&A and Debt Finance Attorney at top tier law firm. PhD in law, LLM as well as law degree from University of Heidelberg and Munich.
Profile picture of Nikola  Ilievski
Nikola Ilievski
COO
Profile picture of Isabel Zarovska
Isabel Zarovska
Design & Marketing
Profile picture of Gorana Argirovska
Gorana Argirovska
Head of Sales
3 more team members
Sylvia Kampshoff
Founder
Nikola Ilievski
COO
Isabel Zarovska
Design & Marketing
Gorana Argirovska
Head of Sales

Press

Houston on-demand fitness startup to launch virtual optio...
·
Mar 18, 2020

Last week, Sylvia Kampshoff saw a spike in her sales — something very uncommon for companies at this time, unless they ar...

Fitness app brings personal trainers, yoga instructors to...
Houston Chronicle Houston Chronicle
·
Sep 10, 2019

Sylvia Kampshoff worked long hours as a finance lawyer when she moved to Houston in 2015, sometimes going into the office...

In-person workouts barely slowed during pandemic for pers...
Austin Inno Austin Inno

While some of us are revisiting our favorite childhood cereals and blazing through Netflix shows, others barely paused th...

Is This App the Fitness Community's Answer to Uber?
Houstonia Magazine Houstonia Magazine

If you've ever wished exercising was as easy as ordering take-out, you're in luck. A Houston tech start-up from German-bo...

Kanthaka Leans Into Virtual Personal Training Sessions an...
Austin Inno Austin Inno

Sylvia Kampshoff is accustomed to change. She not only left her native Germany but quit her law career to start an app-ba...

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Kanthaka

Kanthaka successfully raised $55,761 from 96 investors on August 5, 2021
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Scott, Takashi, Joe, Kathryn, PETER, and 91 others invested. 11 Reviews
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