Healthhify is a healthcare and fitness platform that has secured 20 million USD in its fresh funding round from Khosla Ventures and Leapfrog Investments. The funding round saw the participation of several investors including Claypond Capital and the family office of Dr. Ranjan Pai. This round was part of an ongoing equity funding round worth 45 million USD. The startup plans to use these proceeds to scale its operations, advance its technologies, and enhance its platform while developing its market presence.
The company primarily focuses on enhancing its AI-driven nutrition and fitness coaching capabilities while expanding its services in the US market. The startup offers wearable devices for health tracking. The online platform also offers a meal plan for individuals made by expert nutritionists with a customized workout plan. The startup provides a healthcare services platform that uses various technologies to offer its customers personalized workout plans and other health-related services. The application allows users to track weight goals, calorie intake, water consumed, meals, sleep, workouts, and step count. This investment shows investors’ trust in Healthify’s market potential and business model.
The startup claims to have served over 40 million users and it is expanding its services across 300 cities in India. Healthify has raised around 125 million USD across multiple equity funding rounds since its inception, including $75 million raised from existing investors Khosla Ventures, Chiratae Ventures, Leapfrog Investments, and Sistema Asia Fund during its series C funding round in 2021. The company recently secured 30 million USD in its pre-series funding round from its existing investors with $5 million in venture debt. Entrackr reported.
The healthcare startup reached operational profitability and is expecting positive EBITDA by the end of the financial year. The company is yet to announce its annual report for FY24. The startup posted a revenue of Rs 229.71 crore in FY23 with a loss of Rs 142 crore in the same duration. The firm also secured $20 million from Khosla ventures and others in the funding round. Healthify intends to use this fresh investment to expand to the US market and advance its AI-driven technology. The development came just when the healthcare and fitness sector saw an increased investor interest in the startup ecosystem. The company faces competition from other healthcare platforms such as Cult Fit and Lark Health.
Conclusion :
Healthify is a healthcare and wellness startup offering fitness solutions. The startup got fresh capital of $20 million from Khosla Ventures and Leapfrog Investments. The funding round had participation from other investors Dr. Rahan Pai’s family office, and Claypond Capital. This round is part of an ongoing $45 million equity funding round.
The company intends to use this investment to scale up its operations, expand to the US market, and advance its technology. The company has raised around $125 million across all equity funding rounds since its inception. The startup claims to have served over 40 million users across 300 cities in India and competes with other healthcare firms like Cult Fit.
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