On November 25th, Ibtikar Fund announced its investment in Inggez, a mobile app offering on-demand access to gyms and fitness studios (classes), allowing people to get active without committing to one single membership.
Inggez, which is a graduate of the Flow Entrepreneurship Program in its first cycle and currently hosted at Flow office space, was founded by Ali Tazami and Subhi Mara’beh, who together have years of product management and development experience. With Ibtikar’s investment, Inggez will expand beyond Palestine to other Arab countries, starting with Egypt, where they have just soft-launched their app in Cairo.
“Inggez targets the MENA fitness market, that, with just two percent of adults going to the gym, was valued at over USD 3 Billion in 2017,” explained Ambar Amleh, Partner at Ibtikar Fund, “this data shows a huge opportunity for Inggez in helping the remaining 98% of adults go to the gym, while also addressing the growing health problem of obesity in the region.”
“We are excited to duplicate our early success in Palestine to enter the Egyptian market and help provide people there with a flexible and affordable way to stay fit,” explained Ali Tazami, Inggez’s Founder and CEO, “our mission is to build the closest thing to ‘press button, pay money, get fitter’ product that relies on convenience instead of will power and help everyone access the best possible fitness options, anytime, anywhere.”
The Flow team is very proud of Inggez founders’ vision and capabilities and the team they are currently building in Palestine and Egypt, and wishes them the best of success towards a global win. Ali Tazami and Subhi Mara’beh are constantly engaging in Flow’s community and supporting its activities and prospects.