12 December 2023 : MyGALF founded by former investment banker-turned entrepreneur Amit Vasistha, has evolved into a beacon of corporate wellness as a one stop platform in India. Amit’s personal journey, marked by stress-related health scares, led to the inception of Get A Life Fitness (GALF) — a viral campaign that transformed into a tech-enabled wellness ecosystem for businesses. Recognizing the crucial link between stress management and physical health, Amit’s vision manifested into MyGALF.com, an online platform touching the lives of countless corporate professionals across India.
Banking on guidelines issued in 2020 by Insurance Regulatory and Development Authority of India on wellness and preventive features for Insurance players in India. MyGALF now stands as a comprehensive corporate wellness ecosystem, offering a wellness gamification, market leading rewards (GALF Coins), wellness marketplace and subscriptions tailored to end-to-end employee and policyholders well-being. As per insider information 3-4 Insurance players are increasingly showing accelerated interest in MyGALF’s proposition and have offered for alliance opportunity so that GALF Coins can be used for policy holder premium part payment. We are reviewing the offers and are open for compelling alliances that have upgradation opportunity to become strategic investors.
Positioned for growth, MyGALF envisions crossing 2 million platform users by 2023-24 and achieving a business revenue of 1.5 crores in 2023. With plans to raise upto 10 crores INR in SEED Round from institutional investors, the future holds the launch of the AI and ML enabled second generation of their tech product, integrating AI for customized bio-mechanics health screening and world class wellness gamification. These offerings are compellingly aimed to make wellness a culture and lifestyle for the users. With recent high profile international BFSI clients onboarding. MyGALF has emerged as a trusted name, alleviating HR teams’ burdens while championing corporate well-being.
It may be noted that MyGALF has a very strong advisory board from BFSI space namely Mr Rajnish Virmani Ex Aviva, Mr Vighnesh Shahane Ageas Federal Life Insurance, and Mr Ram Gopal Ex Barclays. In 2022, MyGALF’s strategic entity, Get A Life Private Limited, was valued at USD 5 million and garnered government investment under the Start-up India Seed Fund Scheme through BITS Pilani – Goa Campus .
