<article>Fitness marketplace startup <a href="https://www.dealstreetasia.com/?s=ClassPass" rel="noopener">ClassPass</a> on Sunday announced that it has acquired Asia-based competitor <a href="https://www.dealstreetasia.com/?s=GuavaPass" rel="noopener">GuavaPass</a> to accelerate its international expansion.</article>

Fitness marketplace startup <a href="https://www.dealstreetasia.com/?s=ClassPass" rel="noopener">ClassPass</a> on Sunday announced that it has acquired Asia-based competitor <a href="https://www.dealstreetasia.com/?s=GuavaPass" rel="noopener">GuavaPass</a> to accelerate its international expansion.
Financial terms of the deal were not disclosed. However, an industry source has pegged the deal value at $4 million.
UPDATE: ClassPass CEO Fritz Lanman in a later interview revealed that GuavaPass was acquired for $4.2 million. 
As part of the deal, ClassPass has acquired GuavaPass&#8217;s operations in 11 cities across Asia, including Singapore, Bangkok, Dubai, Hong Kong, Mumbai, Jakarta and Kuala Lumpur. GuavaPass founders Jeffrey Liu and Rob Pachter will join the ClassPass team.
The transaction is expected to close in January after which GuavaPass will cease operations in markets where ClassPass is available. However, in markets where ClassPass is not present, GuavaPass will continue to operate under the ClassPass umbrella.
With the acquisition, ClassPass now operates in over 80 markets across 15 countries and plans to launch in at least 50 new markets in 2019.
&#8220;We’re thrilled to acquire GuavaPass’ assets and select talent and continue building the biggest fitness membership for our customers, and the largest global network for our partners. This transaction will only accelerate our robust growth trajectory as we continue expanding throughout Asia and the Middle East,&#8221; ClassPass CEO Fritz Lanman said in a statement.
GuavaPass was launched in early 2015 in Singapore with the aim to provide convenient access to classes at boutique fitness studios across Asia and the Middle East. The startup connects users with fitness classes across a range of verticals, including yoga, cross-functional training, pilates, CrossFit, dance and muay thai.
GuavaPass is the second acquisition by ClassPass since its inception. It purchased San Francisco-based competitor FitMob for an undisclosed amount in April 2015.
Founded in June 2013 by Payal Kadakia and Mary Biggins in New York City, ClassPass is currently more active in the US, Canada, and Europe, besides a few cities in Asia.
ClassPass, which embarked on an overseas expansion programme in 2018, has secured $239 million in financing till date, according to CrunchBase. It last raised $85 million in Series D financing led by Singapore investment firm Temasek, which was also the lead investor in the company&#8217;s Series C funding round.
This article was updated on January 14, 2019, to add the deal value confirmed by ClassPass CEO.
Also Read:
<a href="https://www.dealstreetasia.com/stories/classpass-temasek-seriesd-103293/">Fitness network ClassPass secures $85m in Temasek-led Series D</a>
<a href="https://www.dealstreetasia.com/stories/lcatterton-asia-wills-group-112174/">L Catterton Asia picks up stake in Chinese fitness company Will’s Group</a>

ClassPass has acquired GuavaPass's operations in 11 cities across Asia, including Singapore, Bangkok, Dubai, Hong Kong, Mumbai, Jakarta and Kuala Lumpur.

Fitness marketplace ClassPass buys Asian rival GuavaPass

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Fitness marketplace ClassPass buys Asian rival GuavaPass

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