[Funding] AI health startup The Healthy Company raises $350,000 in its first institutional round

The Healthy Company is a superfoods and AI health venture. On Monday, the startup announced that it has raised its first institutional round of investment of $350,000.

The round includes investment from marquee investors. These include Venture Catalysts, Kushal Bhagia as part of First Cheque, 9Unicorns, Beardo founders; also, Ashutosh Valani and Priyank Shah, Amit Waiker, Vaibhav Karnavat, and Udtara Ventures. The AI health venture will use the amount to further help users lose weight and better manage their lifestyle conditions like diabetes, thyroid, and PCOD.

About The Healthy Company

Devansh Jain Nawal and Ackshay Jain found the startup in 2018. It is, further, backed and accelerated by Gurgaon-based Huddle. The startup claims to have helped customers across India lose over 1,20,000 kilos naturally with over 94 percent success rate in healthy reduction of Body Mass Index (BMI) and immensely improved the quality of life.

Speaking about the development, Co-founder of The Healthy Company, Ackshay Jain said:

“The incubation at Huddle has been a perfect fit culturally for our lean team. It comprises of young graduates aged between 21-23 with an entrepreneurial mind and the perseverance to execute our vision. We aim to maximize the average human lifespan through personalized health".

He also added:

"As engineering undergraduates, we invested in R&D to create proprietary blends and recipes. We have tasty convenient foods such as our Lean Bar & the Lean Green Tea. We have also leveraged our background in artificial intelligence to develop EVA eCommerce platform; all in-house as an effective bootstrapped team with razor-sharp focus.”

From Investors

Commenting on the investment, President and Co-founder of Venture Catalysts, Apoorv Ranjan Sharma said:

“With evolving customer choices and the overall shift towards a healthier lifestyle, there is a growing demand for natural superfoods that can boost metabolism and promote weight loss without causing any harm to the consumer’s health. The Healthy Company has successfully managed to capitalize on this market, with its range of immunity-boosting and weight loss products".

Further, Apoorv said that products are safe for diabetes, PCOS, thyroid, pregnancy, and even for children; this has impressed him the most. "We are confident that our investment will help the startup embark on its next phase of growth and launch newer products,” he added.