Mehakdeep Singh aka Mac and Sahil Bansal are founders of Fitelo who appeared during an episode of Shark Tank India Season 4. Mehakdeep and Sahil who were once obese met in a gym in Chandigarh and their friendship turned into being business partners.
Sahil Bansal who did his Bachelor of Engineering at Panjab University in Chandigarh informed the Sharks at Shark Tank India Season 4 that Fitelo is a weight-loss program via an App that helps you achieve fit and healthy lifestyle.
"In Fitelo, along with diet, exercises we also cater to psychological aspects of obesity. We are 800 plus team of doctors, nutritionists and mind coaches. Till now, we have transformed life of 2 lakh people."
Fitelo that got investment from Sharks- Vineeta Singh and Namita Thapar at Rs 150 crore valuation has its deep roots in Chandigarh. They will also get royalty of 1 percent until their they recoup 1.5 times of their investment. They invested a total of Rs 1.5 crore at 1.5% equity.
Apart from Sahil Bansal, Mehakdeep is also an alumni of PU. Mehakdeep's LinkedIn profile suggests that he did MBA from Panjab University. Thereafter, he did Masters in Dietician course from GMCH 23 i.e. Government Medical College and Hospital in Sector 32, Chandigarh.
Fitelo Founders- Mehakdeep Singh aka Mac and Sahil Bansal started their pitch at Shark Tank India Season 4 by saying, "We have come from Chandigarh."
Sahil Bansal said, "Mac and I were over-weight once and struggling to lose our weight. Everyone recommended exercise, supplements, and diet plan and assured us that our heath will improve. If it was such easy, then 34 crore people of our country would not have been facing problem of weight and related problems."
Mehakdeep, "Sharks we understand that weight loss is not just physically challenging journey but it is also mental and emotional in which we require someone who can support throughout. That's why we made Fitelo."
Sahil Bansal, "Fitelo is a weight-loss program via an App that helps you achieve fit and healthy lifestyle. In Fitelo, along with diet, exercises we also cater to psychological aspects of obesity. We are 800 plus team of doctors, nutritionists and mind coaches. Till now, we have transformed life of 2 lakh people."
Mehakdeep, "We want to make India an obesity free country. Our ask is Rs 1.5 crore for 0.5 percent equity (valuation Rs 300 crore)"
Bansal said, "Mac and I met at a gym. We must be around 15-16 years-old at that time. Our weight was over 100 kgs at that time. We tried many things for 5 years like machines, diet, medicines, and many more. We met once or twice between 2009 to 2019. Then we met again in an event in Chandigarh in 2019. At that time, Mak was looking quite thin. I had shed a few kilos but I started understanding psychology as it is my background. But, I was not totally fit. I asked Mak about the secret."
"Mac did Masters in Nutrition. From 2016, he became a dietician. Mac himself shed 60 Kgs of weight."
Mac said, "I also focused on that old school exercise and diet. We got to understand that it is the right combination of physical activity, diet, and your habits."
"Fitelo assigns personal dietician who make a customised diet plan for you. Workouts are done live through our app. It is a subscription based model. Our team also has psychologists. If someone goes through emotional eating, sleep disorder, etc that have direct or indirect impact on weight then our psychologists also address those issues."