INSUBCONTINENT EXCLUSIVE:
ClassPass, the five-year-old fitness marketplace startup with $239 million in financing, is acquiring competitor GuavaPass, which was
founded by Rob Pachter and Jeffrey Liu in 2015.ClassPass is in the midst of an expansion sprint, both domestically and internationally
The company is hyper-focused on Asian markets, where GuavaPass had carved out its own place with 75 studio partners across 11 cities,
including Abu Dhabi, Bangkok, Beijing, Dubai, Hong Kong, Jakarta, Kuala Lumpur, Manila, Mumbai, Shanghai and Singapore.The financial terms
In 2014, ClassPass acquired competitor FitMob
original mission as a part of ClassPass
plans to expand to 50 new cities in 2019.
