Total amount raised
$150.1 Millions
Latest funding date
Location
Title
HealthifyMe has successfully raised significant funding through multiple rounds, with notable investors such as Khosla Ventures and LeapFrog Investments backing the company. The platform offers innovative tools like HealthifySnap and AI Coach Ria to help users manage their health and fitness effectively.
Keep reading to explore the intricacies of HealthifyMe's fundraising journey and the investors supporting this health and wellness platform.
What Is HealthifyMe?
HealthifyMe, founded in 2012 in Bangalore, Karnataka, India, is a health and fitness application designed to help users track their food intake, workouts, and overall nutrition. The company was established by Mathew Cherian, Sachin Shenoy, and Tushar Vashisht.
Leveraging AI technology, HealthifyMe offers innovative tools like HealthifySnap for meal tracking and AI Coach Ria for personalized health coaching. These features provide users with instant nutritional details and tailored health advice.
With a team of 101-250 employees, HealthifyMe continues to support users in achieving their fitness and weight loss goals through data-driven insights and expert guidance.
How Much Funding Has HealthifyMe Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the HealthifyMe platform.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: February 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the initial user base and refine the product.
- Series A
- Amount Raised: $6M
- Date: May 2016
- Lead Investors: Athera Venture Partners, Blume Ventures, Chiratae Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the app's features.
- Series A
- Amount Raised: $1M
- Date: December 2016
- Lead Investors: Neelesh Bhatnagar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and increase market penetration.
- Series B
- Amount Raised: $12M
- Date: February 2018
- Lead Investors: Sistema Asia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and improve AI capabilities.
- Series B
- Amount Raised: $6M
- Date: November 2018
- Lead Investors: Blume Ventures, InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and expand market reach.
- Series C
- Amount Raised: ₹5.6B
- Date: July 2021
- Lead Investors: Khosla Ventures, Leapfrog Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance AI-driven features.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: May 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and product development.
- Series D
- Amount Raised: $30M
- Date: June 2023
- Lead Investors: Khosla Ventures, LeapFrog Investments, Van Lanschot Kempen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global reach, hire new employees, and enhance AI capabilities.
- Series D
- Amount Raised: $20M
- Date: October 2024
- Lead Investors: Khosla Ventures, LeapFrog Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and improve AI-driven health solutions.
HealthifyMe has raised a total of $75M in funding. The current valuation is not publicly disclosed.
Key Investors
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla, focusing on transformative technology companies. The firm is known for its investments in early to late-stage companies.
- Investment Focus Areas: Technology, healthcare, clean energy, consumer products.
- Notable Investments: Square, DoorDash, Impossible Foods.
- LeapFrog Investments
- Details: LeapFrog Investments is a private equity firm that focuses on high-growth companies in emerging markets. The firm aims to provide financial services and healthcare to underserved populations.
- Investment Focus Areas: Financial services, healthcare, insurance in emerging markets.
- Notable Investments: BIMA, Goodlife Pharmacy, WorldRemit.
- Blume Ventures
- Details: Blume Ventures is an Indian venture capital firm that invests in early-stage startups. The firm supports technology-driven businesses across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Unacademy, Dunzo, Purplle.
- Chiratae Ventures
- Details: Chiratae Ventures, formerly known as IDG Ventures India, is a venture capital firm that invests in early to growth-stage companies. The firm focuses on technology-driven businesses in India.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Myntra, Lenskart, CureFit.
- HealthQuad
- Details: HealthQuad is a healthcare-focused venture capital fund that invests in innovative healthcare startups. The firm aims to improve healthcare delivery and access in India.
- Investment Focus Areas: Healthcare sector.
- Notable Investments: Medikabazaar, THB, Qure.ai.
What's Next for HealthifyMe?
HealthifyMe is poised to capitalize on several significant opportunities, including expanding its global reach and enhancing its AI capabilities. With a target of achieving $50 million in annual recurring revenue (ARR) soon, the company aims to leverage AI to provide more personalized and scalable health solutions. The integration of generative AI into their virtual nutritionist, Ria, and the development of multi-country coaching capabilities highlight the potential for substantial growth.
Future fundraising opportunities appear promising, with the potential for additional Series D rounds or even Series E funding. The company's growth trajectory and previous successful funding rounds suggest continued interest from investors. However, HealthifyMe will need to navigate challenges such as competition from other health and fitness platforms, managing operational costs, and ensuring data privacy and security for users.
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