Rumbl
Transforming this world into a better place by helping people worldwide reach their full potential.
| Date | Investors | Amount | Round |
|---|---|---|---|
$1.1m | Seed | ||
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 100 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Rumbl operates as an online platform and mobile application that connects fitness enthusiasts with a network of local fitness centers, gyms, and healthy restaurants. Founded in 2020 by Sultan Gornas and headquartered in Riyadh, Saudi Arabia, the company provides a subscription-based service allowing users to discover and book a variety of fitness classes and access wellness-related venues. The application is designed to digitize the entire subscription and booking process for its users, streamlining access to physical activities and promoting a healthy lifestyle.
The company's core offering is its mobile application, available for both iOS and Android devices, which serves as a central hub for users to manage their fitness and health activities. Through the app, subscribers can browse different fitness studios, personal trainers, and healthy dining options in their vicinity. This model targets individuals seeking flexibility and variety in their fitness routines, moving away from traditional single-gym memberships. Rumbl's revenue is generated from the subscriptions paid by users to access the network of affiliated partners.
In a significant milestone, Rumbl secured $1.07 million in a Seed funding round on September 29, 2021. This investment was led by Mine Angel Group and also saw participation from BIM Ventures. The capital injection is aimed at fueling the company's growth and expansion within the burgeoning wellness technology market in the Middle East. The company operates in a competitive landscape, with notable players including ClassPass and GetMuv.
Keywords: fitness platform, gym subscription, class booking, wellness app, healthy restaurants, Riyadh startup, Sultan Gornas, fitness marketplace, mobile fitness, Saudi Arabia tech, seed funding, Mine Angel Group, BIM Ventures, ClassPass competitor, GetMuv competitor, personal trainers, fitness classes, gym network, health and wellness, digital fitness