Saturday , April 17 2021

HealthifyMe: HealthifyMe raises $ 6 million in round bridges for international expansion



Mumbai: Nine months after an investment of 12 million dollars rose, mobile and health platform HealthifyMe raised 6 million additional dollars as an extension of the Series B round.

The round that is a mixture of equity and debt saw existing investments, including the Asia Fund System, the fund centered in India in the Russian-based conglomerate. Samsung NEXT based on Silicon Valley, IDG Ventures India (now Chiratae Ventures), Inventus Capital and Blume Ventures participate together with the specialized signature of Innoven Capital financing. The investment for Innoven Capital was carried out through its entity Singapore, a market in which Healthify Me also has a presence.

Healthify Me, 6 years old, who has nutritionists and physical consultants on their platform, helps provide measurable results on eating habits, fitness and weight through lifestyle monitoring, providing access to human trainers and nutritionists virtual of artificial intelligence, Ria. The company also launched smart diet plans driven by Ria.

The capital that has arisen in this round will serve to expand the presence of the firm in the international markets. Currently, launched in Malaysia, Healthify is looking to expand its operations in Singapore, Indonesia and the Middle East over the next 6 months.

"Currently, about 20% of our revenues come from those users who have not settled in India but who are using our application. In the next 1-2 years we see that this number increases to 33% while doubling our international plans" said Tushar Vashisht, co-founder and CEO of Healthify Me.

In an attempt to scale your business in India, HealthifyMe is also willing to launch an edible online food market called EatBetter for its 8 million users in India. The platform that has been in pilot mode for the last 2 months has seen more than 3 lakh members using the market.

"We have tied up with more than 50 providers that offer 500 maintenance units (SKU) for the EatBetter platform. It was well with average order values ​​in more than Rs 1,000," added Vashisht.

EatBetter has allowed a 50% conversion of a new user for the HealthifyMe platform, the company says. With this type of conversion, HealthifyMe aims to significantly increase its user base to 10 million by March.

The company that is present in 220 cities in India and about 50 worldwide, claims that the year has ended18 with an annual fee of $ 4.5 million in revenue execution and expects to end the year19 with a 10-year income execution fee millions of dollars.


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