India’s leading mobile health and fitness startup HealthifyMe, today, announced Series A funding of US$6 million led by IDG Ventures India, Inventus Capital and Blume Ventures. The funding comes just a year after they announced their seed round led by Angel Investors and Micromax.
The funds will be used to further develop its digital coaching platform and to accelerate growth in India, said Tushar Vashisht, CEO HealthifyMe.
HealthifyMe’s funding comes on the back of strong growth. Within a year, HealthifyMe has scaled from 30,000 users in Jan 2015 to being the largest app in the space with 5,00,000 users across Android and iOS. It has also partnered with medical institutions such as Medanta – The Medicity, Apollo ACODE and Manipal Hospitals, where its mobile application has proven effective in treating and preventing obesity, diabetes, cardiovascular problems and other lifestyle diseases. It has also expanded its services offerings from nutritionists to fitness and yoga trainers
The company uses technology and human services to target weight-loss and it’s programs are effective in prevention of lifestyle diseases such as diabetes, hypertension. HealthifyMe also has a gamified, social platform that is being used by progressive Corporates to engage and reward employees for healthy behaviour. Unlike others in the space that are focused only on steps, HealthifyMe engages employees wholistically around healthy eating, running, weight, hydration etc as well.
HealthifyMe is a mobile health/fitness company that combines power of technology with real human services to deliver measureable impact. Cofounded in 2012 by Tushar Vashisht, Sachin Shenoy, Mathew Cherian, and incubated by Microsoft Ventures accelerator, it today is India’s largest digital wellness platform catering to 500,000 users with over 100 coaches. Its app is rated 4.3/5 and has been featured by Google, Apple multiple times for quality.
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