SUMMARY
The round saw participation from Alpha Wave Incubation, Steadview Capital, Nexus Venture Partners, Blume Ventures, and iSeed fund
Ultrahuman is a metabolic fitness platform that offers deep health insights using a geographic / diet agnostic approach
The startup has raised $25 Mn so far. It will utilise the funds for expansion and improve its biomarker technology
App-based fitness platform Ultrahuman has raised $17.5 Mn in its Series B funding. The round witnessed participation from Alpha Wave Incubation (AWI), Steadview Capital, Nexus Venture Partners, Blume Ventures, and Utsav Somani’s iSeed fund.
Marquee founders and angel investors, including Tiger Global’s Scott Schleifer, Sandeep Singhal, Kunal Shah, Sujeet Kumar, Deepinder Goyal, Gunjan Patidar, Gaurav Munjal, Revant Bhate, Mohit Gupta, Vikram Dhingra, and Roman Saini, also participated in the round.
This round brings the total funds raised so far to $25 Mn. The funds will be used for geographical expansion and to improve the startup’s biomarker technology.
Founded in 2019 by Mohit Kumar and Vatsal Singhal, Ultrahuman is a metabolic fitness platform that helps people create long-term habits and changes via instant nudges and deep health insights. Ultrahuman aims to make metabolic fitness accessible to millions of people globally. The duo also cofounded Runnr, which later merged with Zomato in 2017.
The startup launched its wearable in June this year and claims to have thousands of users on the waitlist with a 60% week-over-week growth. Its metabolism tracker — Ultrahuman Cyborg — helps people optimise their exercise and nutrition based on glucose biomarkers.
Currently, India’s fitness app market is valued at $239.46 Mn and is expected to reach $996.06 Mn by 2026, according to 360i Research. Over a billion people in the world suffer from a metabolic health disorder. Metabolic disorders contribute to almost 85% of all chronic diseases in the world.
Ultrahuman plans to help people understand how food and exercise affect metabolic health. It aims to use a geographic / diet agnostic approach to help people eat and exercise better.
Its glucose biomarkers can reveal how a particular food item affects the user’s metabolic health by measuring the glucose response. The response varies from individual to individual and depends on various factors like their microbiome diversity, stress levels, time of the day, food ingredient quality, etc.
Kumar said, “Biomarkers will change how the fitness and the healthcare industry works. By being able to monitor their biomarkers like glucose continuously, users can not only avoid chronic diseases but make lifestyle changes that help them improve their fitness levels for longevity and performance.”
Other startups in the fitness category include CureFit which raised $75 Mn in June this year, Fitternity, HealthAssure-acquired FitMeIn, and others.
