Total amount raised
$150.1 Million
Latest funding date
10/1/2024
Location
HealthifyMe has successfully raised funding over 11 rounds, with the latest being a Series D round. The platform offers a comprehensive health and wellness solution, leveraging AI to provide personalized health and nutrition guidance.
Keep reading to explore the intricacies of HealthifyMe's fundraising journey and the investors backing this innovative platform.
What Is HealthifyMe?
HealthifyMe is a health and wellness technology company based in Bangalore, Karnataka, India. The company leverages AI to provide personalized health and nutrition guidance through its various services, including HealthifyRx, HealthifySnap, and AI Coach Ria.
Founded in an unspecified year, HealthifyMe operates with an employee count ranging from 101 to 250. The company focuses on health and fitness, offering tools for tracking food and workouts, and aims to improve overall health through data-driven insights and personalized assistance.
How Much Funding Has HealthifyMe Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of HealthifyMe's health and fitness platform.
- Series A
- Amount Raised: USD 6,000,000
- Date: May 2016
- Lead Investors: Athera Venture Partners, Blume Ventures, Chiratae Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and reach a larger user base.
- Series A
- Amount Raised: USD 1,000,000
- Date: December 2016
- Lead Investors: Neelesh Bhatnagar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and enhance user experience.
- Series B
- Amount Raised: USD 12,000,000
- Date: February 2018
- Lead Investors: Sistema Asia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technological infrastructure.
- Series B
- Amount Raised: USD 6,000,000
- Date: November 2018
- Lead Investors: Blume Ventures, InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product offerings.
- Series C
- Amount Raised: INR 5,600,000,000
- Date: July 2021
- Lead Investors: Khosla Ventures, Leapfrog Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: May 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for operational needs.
- Series D
- Amount Raised: USD 30,000,000
- Date: June 2023
- Lead Investors: Khosla Ventures, LeapFrog Investments, Van Lanschot Kempen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global reach, hire new employees, and enhance AI capabilities.
- Series D
- Amount Raised: USD 20,000,000
- Date: October 2024
- Lead Investors: Khosla Ventures, LeapFrog Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI-powered products and support global expansion.
Total Amount Raised: USD 75,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm that provides funding for early to late-stage companies in various sectors, including technology, healthcare, and clean energy. The firm was founded by Vinod Khosla, a co-founder of Sun Microsystems.
- Investment Focus Areas: Technology, healthcare, clean energy
- Notable Investments: Square, DoorDash, Impossible Foods
- LeapFrog Investments
- Details: LeapFrog Investments is a private equity firm focused on investing in high-growth financial services and healthcare companies in emerging markets. The firm aims to achieve both financial returns and social impact.
- Investment Focus Areas: Financial services, healthcare
- Notable Investments: BIMA, Goodlife Pharmacy, WorldRemit
- Van Lanschot Kempen
- Details: Van Lanschot Kempen is a Dutch investment firm that offers private banking, asset management, and merchant banking services. The firm has a long history dating back to 1737.
- Investment Focus Areas: Private banking, asset management, merchant banking
- Notable Investments: Various financial services and asset management investments
- Blume Ventures
- Details: Blume Ventures is an Indian venture capital firm that funds early-stage startups across various sectors. The firm aims to support innovative and scalable business models.
- Investment Focus Areas: Early-stage startups, technology
- Notable Investments: Dunzo, Unacademy, GreyOrange
- Chiratae Ventures
- Details: Chiratae Ventures is an Indian venture capital firm investing in early and growth-stage technology companies. The firm was formerly known as IDG Ventures India.
- Investment Focus Areas: Technology, healthcare
- Notable Investments: Myntra, Lenskart, CureFit
What's Next for HealthifyMe?
HealthifyMe stands at the cusp of significant opportunities, driven by its ambitious plans to enhance AI capabilities and expand globally. The company aims to achieve $50 million in annual recurring revenue (ARR) soon, leveraging its AI-powered virtual nutritionist, Ria, and other advanced AI solutions. With a user base of over 35 million across 300 cities, the potential for growth is substantial.
Future fundraising opportunities appear promising, as HealthifyMe continues to attract interest from investors keen on supporting its technological advancements and market expansion. The recent $30 million pre-Series D funding round, raised via convertible notes, indicates a strong likelihood of further investment rounds to fuel its growth trajectory.
However, HealthifyMe faces challenges such as intense competition from other health and fitness platforms, managing operational costs, and navigating regulatory requirements in different markets. Ensuring the scalability and reliability of its AI solutions will be crucial as the company scales globally. Despite these hurdles, HealthifyMe's innovative approach and strategic focus position it well for continued success in the health and wellness industry.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like HealthifyMe and gather other critical business insights. Sign up for free to start unlocking valuable information that can drive your sales strategy and success.
