Bengaluru-based health and fitness startup HealthifyMe has raised $12 Mn in Series B funding round led by Sistema Asia Fund. With this round, Sistema will also join the company’s board.
Kirill Kozhevnikov, MD, and Partner, Sistema Asia Fund Advisory said, “We are strong believers in preventive healthcare. Healthifyme team is disrupting this vitally important sector with its technology platform, transforming the everyday behaviour of people, and measurably making them healthier.”
Other investors who participated in the funding round include Silicon Valley-based Samsung Next, Singapore’s Atlas Asset Management, and Japan’s Dream Incubator.
Existing investors IDG Ventures India, Inventus Capital, Blume Ventures and the Dubai-based NB Ventures also participated in the latest funding round.
RainMaker Group was the advisor to the transaction, the term sheet for which was signed in October 2017.
Founded by Tushar Vashist and Sachin Shenoy in 2012, HealthifyMe is a health and wellness company that helps people to lose weight through its healthcare programme.