India: Health and fitness app HealthifyMe raises $6m from IDG, Inventus & Blume

HealthifyMe, a mobile health and fitness startup run by Caeruz Ventures Pvt Ltd, has raised $6 million from IDG Ventures India, Inventus Capital and Blume Ventures, the company said on Tuesday.

Last year it had raised an undisclosed amount in pre-Series A funding from a group angel investors and Micromax.

“Led by Tushar’s exceptional leadership and entrepreneurial zeal, HealthifyMe has demonstrated consistent strong growth over a period of time. Despite the overhang of a tough market, the company has focused very sharply on unit economics and on creating an asset-light model of delivery,” said Karan Mohla, executive director, IDG Ventures India.

HealthifyMe plans to use the money for its technology and products.

“We liked their drive, energy and the deep domain expertise they’ve acquired. We believe Healthifyme is poised to impact millions of Indians, becoming their ‘daily health app’ and helping them stay healthy and fit,” said Sanjay Nath, co-founder & MD, Blume Ventures.

“HealthifyMe has strong engineering and product ethos. It is leading innovation in the space in India and the feedback we got from customers and corporate partners was extremely positive,” said Rutvik, director, Inventus Capital.

Founded in 2012 by Tushar Vashisht, Sachin Shenoy, Mathew Cherian, HealthifyMe was incubated by Microsoft Ventures accelerator.

It had raised $250,000 in angel funding from Rajesh Mushroowala, board member of Sytel and AngelPrime; Srini Koppulu, Hyderabad Angels; Arun Seth, former chairman of Alcatel-Lucent India; Kunal Bajaj, former board member, One97 Communications; Sashi Reddi, owner, Sri Capital, and other unnamed investors in 2012.

HealthifyMe app enables users to keep a track of their calories, set personal fitness goals and measure progress.

Also Read:

HealthifyMe raises pre-Series A round, shifts to Singapore

Malaysia: Fitness platform KFit seals $12m Series A from Venturra Capital, SIG, Sequoia

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.