HealthTech Startup HealthifyMe Raised US$12Mn Series B Funding Led By Sistema Asia
HealthTech startup, HealthifyMe, on Friday announced that it has secured US$12 million series B round of funding led by Russian conglomerate Sistema Asia Fund including other investors Samsung NEXT, Atlas Asset Management, Japan’s Dream Incubator, IDG Ventures India, Inventus Capital, Blume Ventures and NB Ventures also participated in the round.
The HealthifyMe mobile platforms help users manage their diet and workout schedule, and track progress. It also connects them with fitness trainers and nutritionists to create exercise and diet plans.
The healthtech startup Healthifyme was founded in 2012 by Tushar Vashisht.
Apart from functioning as a platform for connecting users with trainers, HealthifyMe also has an AI-powered health assistant named ‘Ria’ which was unveiled in October 2017. Till date, HealthifyMe users have tracked 200 million food options and workouts, and exchanged 10 million messages with their nutritionists and trainers.
“Our vision is to build the world’s largest online health and fitness service. We want to help millions of consumers achieve their goals by engaging with nutritionists and other health experts empowered with artificial intelligence. ‘Ria’ our AI nutritionist introduced last quarter will have a game-changing effect on fitness/nutrition access to Indians,” Tushar Vashisht, chief executive officer at HealthifyMe said in a statement reported in Mint.
“We are already India’s go-to health app. This funding will help us to launch in other emerging markets where obesity and lifestyle diseases are growing exponentially. It will also help us expand our offerings portfolio to affiliated products and services that our customers need,” Vashisht added.