The funding, expected to close by September, also saw participation from Endiya Partners and Tanglin Venture Partners
Sugar.fit helps users monitor their glucose levels, provides health consultations, personalised care meals, and stress relief & exercise plans
Currently operating in Bengaluru and Delhi-NCR, the company plans to use the funds to expand to 10 more cities
Bengaluru-based healthtech startup Sugar.fit that helps users manage and reverse diabetes, is slated to raise $10 Mn in a seed round led by Cult.fit (formerly, Cure.fit). Endiya Partners and Tanglin Venture Partners will also participate in the round, which is expected to close by September.
Founded by Madan Somasundaram and Shivtosh Kumar, the platform was in stealth mode for nine months until June 2021. It is currently operational in Bengaluru and Delhi-NCR, eyeing an ARR of $1 Mn in the current quarter. The funding will help the startup expand to 10 cities over the next few months.