Health and fitness platform HealthifyMe raised $12 million in Series B funding led by Sistema Asia Fund, India focused fund of Russia’s largest Conglomerate. The funding round also saw participation from Silicon Valley-based Samsung NEXT, Singapore’s Atlas Asset Management and Japan’s Dream Incubator alongside existing investors IDG Ventures India, Inventus Capital, Blume Ventures and Dubai based NB Ventures.
Tushar Vashisht, CEO, and co-founder, HealthifyMe said, “Our vision is to build the world’s largest online health and fitness service. We want to help millions of consumers achieve their goals by engaging with nutritionists and other health experts empowered with Artificial Intelligence.” The company recently launched artificial intelligence based nutritionist ‘Ria’.
HealthifyMe plans to use the fresh funding to deepen its presence in India by offering health foods, diagnostics and insurance products beyond its digital nutrition/fitness services portfolio. The company also hopes to enter other emerging markets in India and would also look to further its AI and Data Science capabilities.
Kirill Kozhevnikov, MD, and Partner, Sistema Asia Fund Advisory said, “We are strong believers in preventive healthcare. People all over the world associate healthcare mostly with disease treatment, but ideally healthcare should prevent diseases. HealthifyMe team is disrupting this vitally important sector with its technology platform, transforming the everyday behavior of people, and measurably making them healthier. We are happy to back the company in its mission.”
HealthifyMe was co-founded by Tushar Vashisht and Sachin Shenoy who worked previously at UIDAI (Aadhar, Govt of India), Deutsche Bank and Google across India and Silicon Valley. The HealthifyMe app is available to download for free and enables users to keep a track of their calories, set personal fitness goals and measure progress. It boasts of the world’s largest database of Indian foods and syncs with all leading wearables, Google Fit and Apple Health.