Hyderabad: MultiFit, a functional fitness studio brand, said will invest about Rs 30 crore in setting up 12 premium fitness centres in the city. These will have a boxing rink as well as indoor cycling facilities, said its founder Samir Kapoor.
The first of the three will come up in Jubilee Hills, Malaysian Township and Gachibowli shortly. Each would be about 10,000 sft and would see an investment of Rs 2.5 crore each, he said.
It will see its revenue coming from annual and monthly subscriptions. This apart, it will also have a non-gym revenues from the boxing rinks that it intends to set up, he said adding that it is self-funded.