Investments, Startups

Healthcare App HealthifyMe Raises Angel Funding

Bengaluru-based healthcare and fitness app, HealthifyMe has raised angel funding from a group of individual investors. Gopal Srinivasan (Chairman, TVS Capital Funds); Bala Parthasarathy (Managing Partner, AngelPrime); Sashi Reddi (Founder, AppLabs); Amit Gupta (Co-Founder InMobi); Pallav Nadhani (Co-Founder, FusionCharts); Roopa Nath (member Mumbai Angels) among others, participated in the round. The new funding will be used by the firm to fuel its growth strategy and is planning to hire more than 1,000 nutritionists and fitness trainers.

In May, Micromax picked up a minority stake in this startup to create a technology platform to address the consumers’ wellness needs. As per VCCircle report, HealthifyMe has moved its headquarters to Singapore as it looks to launch the app in other countries.

Founded in 2012, the app helps users to log and manage their calories, track physical activities and achieve fitness goals. Also, it allows users to set their weight goals, and suggests calorie intake and burn plan to attain it. It gamifies the process to keep users driven to attain their goals. Currently, the app is available for Android users and the iOS app version is expected to be out soon.

Recent deals in this space

In March, Delhi-based gym and fitness centre discovery site, Fitraq raised $150,000 in a round of funding from Tarun Arora, MD of Northern Collection and Credit Bureau (NCCB) India.

In January, Bangalore based Gympik Health Solutions raised $135,000 ( Rs 85,62,375) in seed funding from a group of angel investors including, Capvent’s Managing Partners- Tom Clausen and RohanAjila, and a manufacturing firm, Haldyn Glass.

In February, healthcare startup Practo raised $30 million in series B Round led by Matrix Partners.

Few days back, Pune-based preventive healthcare startup AllizHealth, which is building a health and conditions management platform, secured $350,000 (Rs 2 crore) in funding from Mumbai Angels and a few other individual investors.

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