As the news of Payal Kadakia-founded ClassPass being acquired by wellness giant Mindbody hits the stands, we told ourselves again, this businessperson’s story will one day be made into a movie! And what’s more, her being a South Asian American is simply icing on the cake.
An ambitious young woman who worked against all odds to launch a business that fulfilled her dreams. And a business, that became wildly successful beyond what anyone ever thought possible.
This is the story of Payal Kadakia, Executive Chairman and founder of ClassPass, the world’s most flexible gym membership. By joining ClassPass, you have access to thousands of studios and gyms near you and you can easily book classes that you love and are convenient to you.
Mindbody has served as a third-party booking platform for ClassPass services since its inception. Now, through its globally used app and software service, it aims to market its booking software to the fitness studios that use ClassPass.
In January 2020, ClassPass hit a big milestone when the startup became the first new unicorn of the decade.
Today, ClassPass has been sold in an all-stock deal for an undisclosed price. It will continue to operate its monthly subscription service for fitness and wellness experiences. But Kadakia, who launched the company in 2013, will be departing.
We are sure that’s definitely not the end of the road for her. As a choreographer and the artistic director of the Sa Dance Company Kadakia must have creative wheels turning.
From trying to hide her cultural background as a kid to owning it and becoming one of the leading South Asian names in the entrepreneurial industry in America – Payal Kadakia has come a long way.
She is an inspiration to all brown girls out there who are hustling to make a name for themselves. You have a role model before you who you can relate to at each step. Believe in yourself and keep at it.
Congratulations Payal Kadakia! You have done it!
Not competent enough to sit idle and stare as the world goes by, Pallavi is optimistic to a fault and believes in building her world on her own rather than depending on others to make things right.