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1Fit Exits Malaysia Amid Funding Struggles Despite Sales Surge

6/18/2025

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Summary

Story summary

Kazakhstani startup 1Fit is closing its doors in Malaysia, grappling with financial hurdles despite impressive sales of $2.7 million and over 356,000 completed workouts. CEO Murat Alikhanov pointed to failed funding attempts as the cause. While the company has exited markets like Mexico and the U.K., it thrives in Kazakhstan, Uzbekistan, and Azerbaijan, raking in $20.2 million this year.

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Story summary

Kazakhstani startup 1Fit is closing its doors in Malaysia, grappling with financial hurdles despite impressive sales of $2.7 million and over 356,000 completed workouts. CEO Murat Alikhanov pointed to failed funding attempts as the cause. While the company has exited markets like Mexico and the U.K., it thrives in Kazakhstan, Uzbekistan, and Azerbaijan, raking in $20.2 million this year.