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 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 the 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 wellness gamification, market-leading rewards (GALF Coins), a wellness marketplace, and subscriptions tailored to end-to-end employees 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 policyholder premium part payment. We are reviewing the offers and are open to compelling alliances that have upgradation opportunities 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 to 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 at making 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 the BFSI space namely Mr Rajnish Virmani Ex Aviva, Mr VighneshShahane 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.