Fitness & Healthtech Startup HealthifyMe Bags $30 Mn From LeapFrog, Others

Fitness & Healthtech Startup HealthifyMe Bags $30 Mn From LeapFrog, Others

SUMMARY

The funding round also saw participation from new investors FinnFund and Van Lanschot Kempen, and existing investors Unilever Ventures, Chiratae Ventures, among others

HealthifyMe said it would use the fresh capital for strengthening its AI capabilities, hiring, and for global expansion

The startup, which reported a net loss of INR 157 Cr in FY22, said it would achieve an ARR of $50 Mn in the coming months

Bengaluru-based fitness startup HealthifyMe has raised $30 Mn in its pre-Series D funding round led by LeapFrog Investments and Khosla Ventures. The round also saw participation from new investors FinnFund, a Finnish development financier, and Van Lanschot Kempen, a Dutch investment firm.

In a statement, the startup said that existing investors Unilever Ventures, Chiratae Ventures, Blume Ventures and HealthQuad were also part of the funding round.

HealthifyMe said it will use the fresh capital for strengthening its AI capabilities, hiring, and for global expansion. 

The new capital will also help the startup upgrade its AI-powered virtual nutritionist, Ria. 

HealthifyMe said it currently has a user base of over 35 Mn and claimed that it would achieve an annual recurring revenue (ARR) of $50 Mn in the coming months.

It must be noted that HealthifyMe’s net loss widened over 8X to INR 157 Cr in the financial year 2021-22 (FY22) from INR 19 Cr in FY21. Meanwhile, its operating revenue stood at INR 185.2 Cr in FY22 as against INR 86 Cr in the previous fiscal year. 

The funding round comes almost six months after Inc42 exclusively reported about the startup laying off around 150 employees, or 15-20% of its workforce. 

Before this, HealthifyMe last raised $75 Mn in 2021 in its Series C round led by LeapFrog and Khosla Ventures. 

With this capital infusion, HealthifyMe has raised over $130 Mn across multiple rounds. The startup competes with the likes of UltraHuman, Cult.fit, one8 Fitness, among others. 

Founded in 2012 by Tushar Vashisht, HealthifyMe’s health and fitness app leverages AI to deliver measurable results on eating habits, fitness and weight by tracking lifestyle and providing access to coaches, among other benefits.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Fitness & Healthtech Startup HealthifyMe Bags $30 Mn From LeapFrog, Others-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Fitness & Healthtech Startup HealthifyMe Bags $30 Mn From LeapFrog, Others-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Fitness & Healthtech Startup HealthifyMe Bags $30 Mn From LeapFrog, Others-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Fitness & Healthtech Startup HealthifyMe Bags $30 Mn From LeapFrog, Others-Inc42 Media
Fitness & Healthtech Startup HealthifyMe Bags $30 Mn From LeapFrog, Others-Inc42 Media
You’re in Good company