MUMBAI: Leading AI health and fitness app HealthifyMe on Tuesday announced it has raised $75 million (nearly Rs 5.6 billion) in a Series C round led by LeapFrog and Khosla Ventures.
The company, which has raised over $100 million till now, said in a statement that it will use the funds to expand in India and Southeast Asia, make inroads into North America, as well as acquire relevant companies in the digital health and fitness space.
It will also be investing heavily behind its AI powered HealthifySmart Plans and intends to double its current engineering and design strength, IANS reports.
“We are already the market leaders in India and Southeast Asia and by combining AI and human empathy, we can deliver results in weight and lifestyle disease management at a fraction of the cost possible today,” said Tushar Vashisht, co-founder and CEO, HealthifyMe.
HealthQuad, Unilever Ventures, and Elm (Saudi Arabia PIF entity) also participated in the round, along with existing investors Chiratae Ventures, Inventus Capital and Sistema Asia Capital, IANS further reports.
While HealthifyMe’s base has been India, it has been expanding internationally and now nearly 25% of its revenues come from outside the country like Malaysia and Singapore, according to the newswire.
