After raising $6 million earlier this year in its Series A round, health-tech startup HealthifyMe has again raised about $1 million. This time, the funding comes from Dubai-based investor Neelesh Bhatnagar of NB Ventures.
With the new funding coming in, the Bangalore-based startup is now looking to hire new people in senior leadership roles. Further, the company is also planning to spend money on product development and tech innovation.
Speaking on the funding, Neelesh Bhatnagar said,
I am keen on investing in emerging digital first Indian startups thathave the ability to expand internationally with an asset-light approach. I look forward to helping them expand to the Middle East at the right time. HealthifyMe’s growth journey has been fascinating so far.
Along with this fund raising activity, the startup has also announced that its mobile app has hit 1 million downloads on Google Play Store. Commenting on this, Tushar Vashish, Co-founder & CEO, HealthifyMe, said,
Hitting 1 million users is a great validation since most of the growth has happened organically. To me, our 4.3 rating matters a lot more as it speaks of how much our customers believe in us. I hope we sustain this momentum by crossing 10 million downloads in the next 18 months.
HealthifyMe has been rated as a “Top of 2016” mobile app by Google and it has been featured multiple times in the health/fitness category by both Apple and Android. The platform provides measurable results on eating habits, fitness, and weight. With over 200 employees, it has physical presence in Bangalore, Delhi, Mumbai and Chennai.
The company is also working in partnership with various prominent health institutions such as Medanta, Apollo and Manipal, where the app has been used in treating and preventing clinical obesity, diabetes, cardiovascular problems and other lifestyle diseases.
Prior to raising $6 million from IDG Ventures India, Inventus Capital and Blume Ventures earlier this year, the company had raised undisclosed amount in June 2015 from Amit Gupta, Gopal Srinicasan, Pallav Nadhani, Roopa Nath, and Sashi Reddi. In Febraury 2014, it got funding from Microsoft Accelerator.
