According to reports, people familiar with the matter said,new york fitness startup Aaptiv is looking for a variety of ways, including for sale. According to several unnamed sources, Aaptiv has picked a consultant who was expected to make a profit this month.
Aaptiv was created by Ethan Agavar (Ethan Agarwal), Company produces audio fitness App, Guide users to run, ride bikes and do other exercises. As of June 2018, Aaptiv valued at about $200 million, By April 2020, the company had raised $75.5 million, Investors include Amazon Alexa Fund、Insight Partners、 Disney, Warner Music ,14 W and Millennium Technology Value Partners.
How much is Aaptiv worth now? For the time being, the company's strategic choice does not mean it will eventually be sold. Aaptiv think everyone should be able to get personalized fitness guidance, not limited to the few who have the money to afford a personal trainer.
Recently, KKR and other companies have invested in zwift, a virtual bicycle fitness start-up company. Hydro, tempo and tonal, manufacturers of home fitness equipment, have also received new investment. In the open market, the share price of peloton interactive has increased more than twice this year.