How A New York-Based Startup ‘Peloton’ Became A $700 Million Fitness Powerhouse For Runners, Yogis, And More
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Founded: February 2012
Revenue: 182.59 crores USD
CEO: John Foley
Subsidiaries: Neurotic Media, LLC, Tonic Fitness Technology Inc.
Headquarters: New York, New York, United States
Seven years after launching as a stationary bike company that allowed subscribers to live-stream digital cycling classes, Peloton has morphed into a $700-million-a-year-in-revenue fitness powerhouse that produces hundreds of hours of videos for a community that includes runners, yogis, and more. “We are a content creation shop at this point,” says co-founder and CEO John Foley.
In 2018, Peloton debuted its Tread machine, along with a second studio in New York City, where it now films boot-camp, yoga, running, and even guided-meditation classes led by instructors whom fans have turned into stars. Last year, the company also introduced a $19.49-a-month digital subscription (no hardware purchase necessary) that includes access to more than 20 live classes daily, with an additional 10,000 available on demand. The key, according to Foley, is that “they’re real classes. You’re part of the experience.” They’re so interactive that a user logging in to a yoga class from her home in L.A. may get a shout-out from the instructor in New York. A London studio is now in the works, and a 35,000-square-foot mega-studio in Manhattan is slated to open in early 2020.
There are a wide range of bikes and treadmill are available. One can also get the subscription services from the Peloton app is available for Android. iPhone, Apple TV, Apple Watch, Amazon Fire TV and Fire Tablet, and Roku.
About the author
Being a 21-year-old student and a CEO of a company is not easy. But I have always decided to do something unique for the young talent in our country; my passion motivated me to do something that can help shape people’s careers.