Inspire Brands Asia Pte. Ltd.

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Inspire Brands Asia Pte. Ltd. - overview

Established

2019

Location

Singapore, -, Singapore

Primary Industry

Travel & Leisure

About

Inspire Brands Asia Pte. Ltd. specializes in fitness franchising, offering franchise opportunities primarily through the Anytime Fitness and SUMHIIT Fitness brands. The company focuses on helping individuals achieve healthier lifestyles through accessible fitness solutions.


Founded in 2019, Inspire Brands Asia Pte. Ltd. is headquartered in Singapore and operates within the fitness franchising sector. The company's founders include Andrea Bell, Johannes R, Johannes Raadsma, and Luke Guanlao, with Luke Guanlao serving as CEO.


Inspire Brands Asia has conducted four deals, with the most recent deal taking place on October 4, 2022, where it raised USD 7. 3 million from investors including Aura Group and Cleargate Capital Partners. Inspire Brands Asia operates primarily in the fitness and franchising sectors, with franchise opportunities for fitness clubs, notably under the Anytime Fitness and SUMHIIT Fitness brands. The company aims to empower individuals to lead healthier lifestyles by providing accessible fitness solutions through a network of franchised gyms across various regions.


Its diverse client base includes entrepreneurs seeking to invest in the fitness industry and individuals motivated by personal health and wellness goals. With a presence in Malaysia, the Philippines, Singapore, Vietnam, and Thailand, Inspire Brands Asia caters to a growing demand for fitness services, emphasizing community support and member engagement. Inspire Brands Asia's revenue model relies on franchise agreements and membership fees from its gyms. The company engages in B2B transactions by offering franchise opportunities to potential franchisees, who benefit from operational support, training, and access to established systems.


Franchisees generate revenue through membership subscriptions from end-users, while Inspire Brands Asia maintains long-term partnerships with structured fees for ongoing support and brand usage. The pricing plans align with various membership tiers, enabling a steady income stream from both direct consumers and franchise partners. The company’s focus on community support enhances member retention, contributing to its revenue generation strategy. In October 2022, Inspire Brands Asia Pte.


Ltd. raised USD 7. 3 million in venture funding to support its growth initiatives. The company plans to expand its franchise offerings and enhance its presence in existing markets, including Southeast Asia.


Specific targets for new market entries have not yet been detailed, but the capital raised will likely facilitate product development and market expansion efforts.


Current Investors

Aura Group, Grand Titan Corp. Ltd. [Mizuho], Cleargate Capital Partners

Primary Industry

Travel & Leisure

Sub Industries

Fitness & Wellness Facilities

Website

www.inspirebrandsasia.com

Company Stage

Series B

Total Amount Raised

Subscriber access only

Inspire Brands Asia Pte. Ltd. - financials

Fiscal Year EndedDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)10,120,892---
% Revenue Growth (YoY)----
EBITDA (USD)(985,422)---
Operating Income (USD)(4,832,992)---
Operating Margin(47.8%)---
% EBITDA Margin(9.7%)---
NET Income (USD)(7,362,475)---
% Net Margin(72.7%)---
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