The Pune-based startup had previously raised $11.5 million in September 2021 from Dream Capital and Elysian Park Ventures
The company also revealed a fresh brand identity, transitioning its name to Healthify and announced going global with its offerings.
In July 2021, the startup raised $75 million in a series C round led by US-based LeapFrog and healthtech-focused venture capital firm Khosla Ventures
HealthifyMe said the decision came as the company’s growth did not match expectations. In India, technology startups have let go off close to 18,000 employees this year
The company says it has been 'transparent to the tax authorities'
The company will use the funds to expand in India and Southeast Asia, make inroads into North America, as well as to acquire relevant companies in the digital health and fitness space.
The startup competes with other fitness apps such as FeetApart, MobieFit, Goqii and Obino in the India market.
The health bot understands 10 different medical conditions and can reply in eight different languages
Handset maker Micromax is setting up a USD 75-million independent fund that will focus on investing in domestic and international consumer internet companies.
Everyone knows someone who is building an app in this context, as there are more than 150,000** health and wellness apps today. If you step back and think about how new and young this market is, it doesn‘t take much effort to realise what an explosion the health and fitness market has witnessed.
India 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.
HealthifyMe, a mobile health and fitness startup on May 10 announced Series A funding of USD 6 million (about 40 crores) led by IDG Ventures India, Inventus Capital and Blume Ventures.
The Gurgaon-based firm is looking at picking up stake in as many as 20 companies this year across the globe. It has already picked up minority stake in Bengaluru-based health and fitness company 'HealthifyMe'.