HealthifyMe, a Bangalore, India-based mobile health and fitness platform, closed a $12M Series B funding round.
The round was led by Sistema Asia Fund, with participation from Samsung NEXT, Atlas Asset Management and Dream Incubator and existing investors IDG Ventures India, Inventus Capital, Blume Ventures and Dubai based NB Ventures.
The company intends to use the funds to accelerate its presence in India by expanding into more markets and offering health foods, diagnostics and insurance products beyond its digital nutrition/fitness services portfolio, and to further its AI and Data Science capabilities.
Co-founded in 2012 by Tushar Vashisht and Sachin Shenoy, and incubated by Microsoft Accelerator, HealthifyMe is a mobile health and fitness app that combines technology with real human services to deliver measurable impact. Today, the company is India’s largest digital wellness platform catering to 4 million users in 200+ cities with over 200 coaches. It recently launched in the GCC (Gulf Cooperation Countries) market and is already in the top 3 on Google Play, UAE.
HealthifyMe also has curated a digital workplace wellness program and has worked with clients such as P&G, Unilever, Accenture, Cognizant, Shell, Philips amongst others. The company also works as a digital/preventive partner for top healthcare providers in India like Medanta, Manipal, Apollo ACODE etc.