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Business deals

SoftBank backs Brazilian fitness startup Gympass

Wellness platform works with companies to get their employees 'off the couch'

People jog during a warm day in Central Park, New York. Gympass works with corporations to allow their employees have monthly access to local gyms and fitness programs.    © Reuters

NEW YORK -- SoftBank Group's Vision Fund is venturing into the fitness world with gym membership startup Gympass.

Self-proclaimed to be the largest corporate wellness platform, the Brazilian startup on Wednesday said it has partnered with SoftBank Vision Fund and SoftBank Latin America Fund to expand globally. The company has grown across 14 countries in Latin America, North America and Europe, with a network of 46,800 gyms.

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